Lender Processing Services (LPS)
Lender Processing Services Tangible Common Equity Ratio: -57.35%
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LPS Tangible Common Equity Ratio Rankings
| Overall | 95th percentile | 182 of 4391 |
| Sector | 91st percentile | 70 of 852 in Services |
| Industry | 82nd percentile | 16 of 91 in Business Services |
LPS Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -118.4% | Sep 2008 |
| Maximum | 60.89% | Jun 2008 |
| Average | -71.44% |
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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LPS News
May 29, 4:05PM PR Newswire
about a day ago by DynamicDividend
about 22 days ago by marketfolly
May 03, 8:20PM Seeking Alpha
about 27 days ago by TradeIdeasQuant
about 27 days ago by earningscast
Apr 26, 5:11PM Street Insider
about 47 days ago by 1nvestor
Apr 13, 8:30AM PR Newswire
about 51 days ago by MarketBrief
Mar 29, 12:44PM Benzinga
about 62 days ago by 1nvestor
about 64 days ago by 1nvestor
about 67 days ago by 1nvestor
about 67 days ago by upsidetrader
Mar 21, 9:00AM PR Newswire
Mar 14, 4:30PM PR Newswire
Mar 12, 4:30PM PR Newswire
about 82 days ago by stt2318
about 82 days ago by mattrixDOTinfo
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| LPS | 23.36 | +0.11 | +0.47% | 1.963B |
| LPR | 3.075 | -0.23 | -6.82% | 280.57M |
| LPNT | 36.97 | -0.68 | -1.81% | 1.813B |
| LPLA | 31.64 | -0.45 | -1.40% | 3.556B |
| LPL | 8.915 | -0.09 | -0.94% | 6.441B |
| LPHI | 2.45 | +0.05 | +2.08% | 44.76M |
| LPH | 1.22 | -0.08 | -6.15% | 131.00M |
| LOW | 26.94 | -0.56 | -2.02% | 32.96B |
| LSBK | 9.23 | -0.77 | -7.70% | 54.83M |
| LRY | 34.53 | -0.72 | -2.04% | 4.109B |
