Morningstar (MORN)

56.53 -0.94  -1.64%  May 30, 5:20PM Go Pro
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Morningstar Tangible Common Equity Ratio: 57.41%

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MORN Tangible Common Equity Ratio Rankings

Overall 29th percentile 3097 of 4391
Sector 45th percentile 446 of 813 in Technology
Industry 9th percentile 10 of 11 in Information & Delivery Services

MORN Tangible Common Equity Ratio Range, Past 5 Years

Minimum 30.68% Jun 2007
Maximum 58.74% Mar 2010
Average 50.74%

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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MORN News

JPMorgan Cazenove tops league table
May 29, 2:46PM Financial Times
Morningstar's Stock Is Not Cheap
May 29, 11:57AM Seeking Alpha
Ancestry.com Will Live Long and Prosper
May 21, 1:02PM Investor Place
Pimco experiment beats flagship fund
May 17, 2:59PM Financial Times
Buffett Wannabes
May 16, 6:00PM Forbes
[$$] Airlines
May 09, 11:05PM
@stockinvestpaul: Paul Larson, Morningstar - Economic Moats: Sources & Outcomes http://stks.co/3fLs $MORN #BRK2012
about 27 days ago by valuewalk
Reporting After The Close Today $AKAM $CROX $MORN $LVS $ORLY $RJF $RYL Among Others...
about 35 days ago by StockTwits
8 #ExDividend Stocks With Buy Ratings http://stks.co/3HNx My story via @TheStreet $ABT $BKE $FCX $FL $GD $GG $MORN $YUM #Dividend
about 51 days ago by azendrian
how do you analyze recommendations? $SCHW ~ $VQT ~ Artisan Global Value http://stks.co/3GSg from $MORN
about 52 days ago by researchpuzzler
For fundamental information longer-term try out the free services offered by Morningstar online $MORN
about 53 days ago by robertfreedland
indeed... RT @herbgreenberg THIS IS WHY MICHELLE LEDER IS SO GOOD... Inside a glass house at $MORN http://stks.co/3FfD
about 54 days ago by StockTwits
$MORN Morningstar Clients to Get Hedge Fund Data as Assets Soar. http://stks.co/37Kr
about 64 days ago by journalistjosh
An I.P.O. Process That Is Customer-Friendly - NYTimes http://stks.co/2TKu $IPOS #IPO $SAM $MORN $GOOG
about 102 days ago by trevorloe
$MORN Reports Q4 EPS $0.55 vs $0.56 Est; Revs $158.6M vs $169.3M Est
about 105 days ago by Benzinga
Morningstar $MORN doing a lot of corporate venture deals in the finance space, interesting growth strategy
about 125 days ago by ldrogen
Tweedy Browne Named Portfolio Managers Of The Year http://stks.co/1v8t $MORN $TGBVX $DEO $JNJ $TOT $WFC $BAX
about 138 days ago by valuewalk
Is $DBLTX misunderstood? Is the fund victim of faulty analysis & biased research? http://stks.co/1j6p $MORN #PIMCO #FIDELITY
about 152 days ago by valuewalk
interesting RT @researchpuzzler HBS case study on new credit rating entrants, including Kroll, $MORN, Whitney http://stks.co/1g2f $MCO $MHP
about 159 days ago by howardlindzon
Morningstar doubles quarterly dividend (initiated last year), pushing yield to 0.68%: http://stks.co/1Tbb $MORN
about 173 days ago by DynamicDividend
$MORN Raises Dividend to $0.10/Share Increases Share Repurchase Program by $200M
about 173 days ago by Benzinga
What's behind the declining ROE trend at Morningstar $MORN http://stks.co/1EWV
about 191 days ago by ShawnRobinson
Congrats! RT @ycharts: Big day for YCharts. We announced our $3.25M Series B Round led by Morningstar. $MORN http://stks.co/1Aip
about 196 days ago by abnormalreturns
Morningstar Launches New Forward-Looking Fund Ratings | via @ReformedBroker http://stks.co/18Q2 $MORN
about 197 days ago by STNet
Wednesday links: an arbitrary concept. http://stks.co/13Iw via @abnormalreturns $ADBE $AAPL $BUD $GS $MORN $XHB $KRE
about 203 days ago by STNet
RT @StockTwits Wednesday links: an arbitrary concept. http://stks.co/13GS via @abnormalreturns $ADBE $AAPL $BUD $GS $MORN $XHB $KRE
about 203 days ago by StockSage1
Wednesday links: an arbitrary concept. http://stks.co/13GP via @abnormalreturns $ADBE $AAPL $BUD $GS $MORN $XHB $KRE
about 203 days ago by StockTwits
Wednesday links: an arbitrary concept, $XHB vs. $KRE and the planning fallacy. http://stks.co/13GI $ADBE $AAPL $BUD $GS $MORN
about 203 days ago by abnormalreturns
a new @MorningstarInc set of ratings might upset its famous star system http://stks.co/12yi $MORN
about 204 days ago by researchpuzzler
what do you guys use to reasearch charts/financial information? $YHOO, $GOOG, $MORN?
about 205 days ago by turndavolumeup

Recent Quotes

Symbol Price Chg Chg % Market Cap
MORN 56.53 -0.94 -1.64% 2.881B
MOO 47.04 -0.65 -1.36%
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MOH 26.53 -0.26 -0.97% 1.241B
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