Affiliated Managers Group (AMG)
Affiliated Managers Group Tangible Common Equity Ratio: -53.27%
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AMG Tangible Common Equity Ratio Rankings
| Overall | 95th percentile | 191 of 4385 |
| Sector | 98th percentile | 9 of 871 in Financial |
| Industry | 98th percentile | 1 of 55 in Asset Management |
AMG Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -116.1% | Jun 2007 |
| Maximum | -29.86% | Jun 2009 |
| Average | -58.09% |
About Tangible Common Equity Ratio
The tangible common equity (TCE) ratio is a useful number to gauge leverage of a financial firm. Specifically, it answers the question: "How much can the value of a bank's assets fall before the entire value of tangible* common equity is wiped out?"
For example, assume a bank as a TCE ratio of 5%. If the value of all of the banks assets fell by 5%, theoretically stockholders would no longer have a claim on the bank's tangible assets.
Another way of thinking about the TCE ratio of 5% is that the remaining 95% of the bank's tangible assets have been purchased using loaned funds that the bank must repay.
This ratio is worth spending time with. Once investors understand its implications, they rarely look at banking businesses the same way.
* The word tangible, in accounting, essentially means anything that can be touched or traded. Cash, buildings, accounts receivable, inventories and stock holdings of a business are all tangible assets. Trade secrets, patents, copyrights, and goodwill are not tangible assets, even though they may have value.
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AMG News
about 20 days ago by MarketBrief
May 01, 4:00PM Seeking Alpha
about 26 days ago by earningscast
May 01, 7:55AM Business Wire
about 27 days ago by MarketBrief
Apr 18, 12:59PM Benzinga
Apr 09, 7:52AM Street Insider
Mar 05, 10:34AM Street Insider
about 88 days ago by 1nvestor
about 101 days ago by MarketBrief
about 101 days ago by MarketBrief
Feb 16, 12:46PM PR Newswire
about 101 days ago by MarketBrief
about 101 days ago by MarketBrief
about 108 days ago by MarketBrief
Jan 31, 4:51PM Benzinga
Jan 31, 4:08PM Seeking Alpha
about 177 days ago by 1nvestor
about 306 days ago by Benzinga
about 322 days ago by 1nvestor
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| AMG | 103.47 | -0.33 | -0.32% | 5.356B |
| AME | 49.22 | -0.44 | -0.89% | 7.911B |
| AMD | 6.22 | +0.20 | +3.32% | 4.350B |
| AIQ | 1.05 | -0.02 | -1.87% | 55.99M |
| AINV | 7.46 | -0.03 | -0.40% | 1.470B |
| AIN | 18.72 | +0.45 | +2.46% | 585.94M |
| AIMC | 17.11 | -0.24 | -1.38% | 460.94M |
| ALC | 14.57 | -0.13 | -0.88% | 334.67M |
| ALB | 61.43 | +0.94 | +1.55% | 5.464B |
| AL | 20.78 | -0.06 | -0.29% | 2.055B |
