Pegasystems (PEGA)
Pegasystems Tangible Common Equity Ratio: 45.09%
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PEGA Tangible Common Equity Ratio Rankings
| Overall | 41st percentile | 2573 of 4390 |
| Sector | 58th percentile | 341 of 815 in Technology |
| Industry | 45th percentile | 31 of 57 in Business Software & Services |
PEGA Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 35.35% | Jun 2010 |
| Maximum | 76.60% | Sep 2007 |
| Average | 60.45% |
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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PEGA News
May 31, 9:01AM Marketwire
May 23, 9:00AM Marketwire
May 07, 9:00AM Marketwire
May 04, 10:33AM Street Insider
about 27 days ago by TradeIdeasQuant
about 27 days ago by TradeIdeasQuant
about 28 days ago by earningscast
May 03, 4:30PM Marketwire
about 29 days ago by RecogniaEvents
about 31 days ago by RecogniaEvents
about 37 days ago by RecogniaEvents
Apr 12, 10:30AM Marketwire
about 59 days ago by MarketBrief
Mar 16, 4:19PM Street Insider
Mar 12, 9:00AM Marketwire
about 84 days ago by Billybob_TX
Mar 07, 9:00AM Marketwire
about 86 days ago by Contrarius
about 87 days ago by eragmus
about 87 days ago by eragmus
about 90 days ago by eragmus
about 90 days ago by eragmus
about 90 days ago by eragmus
about 90 days ago by eragmus
about 90 days ago by eragmus
about 90 days ago by eragmus
Mar 01, 9:46AM Street Insider
Feb 29, 4:31PM Street Insider
Feb 28, 9:30AM Marketwire
Feb 27, 4:30PM Marketwire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| PEGA | 31.05 | -0.30 | -0.96% | 1.185B |
| PBNY | 7.68 | -0.04 | -0.52% | 292.51M |
| PBM | 12.85 | +0.10 | +0.78% | 156.64M |
| PBJ | 19.70 | -0.04 | -0.20% | |
| PBIP | 5.26 | +0.00 | +0.00% | 52.71M |
| PBIB | 1.60 | -0.05 | -3.03% | 19.50M |
| PBI | 13.63 | +0.21 | +1.56% | 2.687B |
| PBH | 13.72 | -0.01 | -0.07% | 692.40M |
| PBCT | 11.63 | +0.02 | +0.17% | 4.163B |
| PB | 42.69 | +0.22 | +0.52% | 2.006B |