Photronics (PLAB)
Photronics Tangible Common Equity Ratio: 68.83%
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PLAB Tangible Common Equity Ratio Rankings
| Overall | 19th percentile | 3542 of 4390 |
| Sector | 32nd percentile | 550 of 815 in Technology |
| Industry | 51st percentile | 23 of 47 in Semiconductor - Integrated Circuits |
PLAB Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 45.53% | Jan 2009 |
| Maximum | 68.83% | Apr 2012 |
| Average | 58.64% |
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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PLAB News
about 17 days ago by Benzinga
May 08, 2:37PM Business Wire
about 36 days ago by RecogniaEvents
Apr 16, 4:00PM Business Wire
about 71 days ago by TradeIdeasQuant
Mar 06, 4:30PM Business Wire
Feb 17, 2:35PM Street Insider
Feb 17, 8:04AM Street Insider
about 105 days ago by TradeIdeasQuant
about 106 days ago by Benzinga
about 128 days ago by MarketBrief
about 133 days ago by StockTiger
about 134 days ago by Contrarius
about 134 days ago by TradeIdeasQuant
about 134 days ago by StockTiger
Jan 18, 9:00AM Business Wire
about 134 days ago by Contrarius
about 134 days ago by StockTiger
Dec 08, 12:44PM Street Insider
about 176 days ago by earningscast
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| PLAB | 6.11 | -0.02 | -0.33% | 368.92M |
| PL | 26.02 | +0.27 | +1.05% | 2.103B |
| PKY | 10.30 | +0.02 | +0.19% | 226.06M |
| PKX | 75.81 | +0.17 | +0.22% | 26.38B |
| PKW | 27.76 | -0.06 | -0.22% | |
| PKT | 19.95 | +0.17 | +0.86% | 291.36M |
| PKOL | 19.56 | -0.62 | -3.07% | |
| PKOH | 18.58 | -0.07 | -0.38% | 226.41M |
| PKO | 26.25 | -0.20 | -0.76% | |
| PKN | 14.77 | -0.02 | -0.14% |
