TTM trailing twelve months

TTM is the sum of the last four reported quarters, rather than the last closed financial year. It gives an up-to-date annual figure without waiting for the accounting close, and is the usual basis for ratios such as P/E when they are meant to reflect the recent picture. It is worth checking that the four quarters are picked by date rather than by simple count: when a company restates or delays a quarter, counting backwards without looking at the calendar produces a year of twelve or fifteen months.

See the full glossary · What the Celsmar financial terminal is

Definition for informational purposes. It is not financial advice nor a recommendation to buy or sell.