Jefferies Group (JEF)
Jefferies Group Tangible Common Equity Ratio: 9.52%
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JEF Tangible Common Equity Ratio Rankings
| Overall | 75th percentile | 1064 of 4385 |
| Sector | 61st percentile | 339 of 870 in Financial |
| Industry | 91st percentile | 1 of 12 in Investment Brokerage - Regional |
JEF Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 4.61% | Jun 2007 |
| Maximum | 10.45% | Dec 2008 |
| Average | 7.35% |
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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JEF News
about 12 days ago by mytfine
May 17, 1:58PM The Daily Ticker
about 14 days ago by TradeBot
May 15, 11:30AM The Daily Ticker
about 16 days ago by TrendExhaustion
about 16 days ago by valuewalk
about 18 days ago by harmongreg
about 18 days ago by mytfine
about 33 days ago by Leaf_West
about 40 days ago by gtlackey
about 40 days ago by bradloncar
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| JEF | 13.71 | +0.51 | +3.86% | 2.719B |
| MGI | 14.20 | +0.16 | +1.14% | 812.07M |
| MGH | 0.4501 | -0.05 | -9.98% | 22.62M |
| MGEE | 45.45 | +0.09 | +0.20% | 1.048B |
| MGC | 45.84 | +0.50 | +1.10% | |
| MGAM | 12.93 | +0.22 | +1.73% | 344.31M |
| MGA | 41.78 | +0.22 | +0.53% | 9.701B |
| MG | 22.99 | +0.00 | +0.00% | 641.88M |
| MFV | 6.996 | -0.00 | -0.06% | |
| MFT | 14.82 | -0.02 | -0.13% |
