Pep Boys Manny Moe & Jack (PBY)
Pep Boys Manny Moe & Jack Tangible Common Equity Ratio: 28.82%
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PBY Tangible Common Equity Ratio Rankings
| Overall | 58th percentile | 1828 of 4391 |
| Sector | 56th percentile | 372 of 852 in Services |
| Industry | 40th percentile | 3 of 5 in Auto Parts Stores |
PBY Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 27.26% | Jan 2009 |
| Maximum | 31.21% | Apr 2011 |
| Average | 29.83% |
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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PBY News
May 30, 5:27PM Street Insider
May 30, 2:38PM Street Insider
about 11 hours ago by 1nvestor
May 30, 11:20AM Street Insider
about 13 hours ago by kunal00
May 30, 10:05AM Street Insider
about 14 hours ago by DarshSingh
May 30, 9:37AM Street Insider
about 16 hours ago by lamonicabuzz
May 29, 5:23PM Business Wire
May 29, 4:02PM Benzinga
about 5 days ago by DarshSingh
May 23, 5:52PM Benzinga
May 22, 4:30PM Business Wire
about 23 days ago by StockTiger
about 23 days ago by StockTiger
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| PBY | 8.89 | -2.20 | -19.84% | 585.00M |
| NVAX | 1.235 | -0.04 | -3.52% | 155.61M |
| NUV | 10.23 | +0.02 | +0.20% | |
| NUTR | 14.97 | -0.13 | -0.86% | 150.09M |
| NUS | 43.53 | +0.04 | +0.09% | 2.747B |
| NUROD | 0.74 | -0.01 | -1.33% | |
| NURO | 0.72 | -0.02 | -2.70% | 9.198M |
| NUO | 17.50 | +0.01 | +0.06% | |
| NUM | 15.41 | -0.01 | -0.06% | |
| NUE | 35.90 | -0.71 | -1.94% | 11.61B |
