PG &E Corporation (PCG)
PG &E Corporation Tangible Common Equity Ratio: 25.53%
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PCG Tangible Common Equity Ratio Rankings
| Overall | 61st percentile | 1691 of 4390 |
| Sector | 62nd percentile | 44 of 117 in Utilities |
| Industry | 56th percentile | 23 of 53 in Electric Utilities |
PCG Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 23.04% | Jun 2008 |
| Maximum | 25.70% | Sep 2011 |
| Average | 24.32% |
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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PCG News
May 30, 1:00PM PR Newswire
about 10 days ago by ycharts
about 14 days ago by myplaniq
about 30 days ago by earningscast
Apr 24, 4:05PM PR Newswire
Apr 18, 5:30PM PR Newswire
about 59 days ago by MarketBrief
about 80 days ago by bradloncar
about 105 days ago by bradloncar
about 105 days ago by earningscast
about 127 days ago by casajohn
about 139 days ago by paststat
about 154 days ago by StockTwits
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| PCG | 43.70 | +0.30 | +0.70% | 18.28B |
| PCE | 0.398 | +0.00 | +0.00% | 1.568M |
| PCCC | 9.01 | +0.14 | +1.58% | 234.52M |
| PCC | 8.08 | +0.06 | +0.75% | 84.77M |
| PCBK | 9.00 | -0.14 | -1.53% | 168.45M |
| PACB | 2.34 | +0.00 | +0.00% | 128.84M |
| PAC | 35.50 | -0.23 | -0.64% | 1.704B |
| PAA | 78.47 | -1.73 | -2.16% | 12.48B |
| P | 10.98 | +0.41 | +3.88% | 1.744B |
| OZRK | 29.05 | +0.52 | +1.82% | 986.00M |
