Portland General Electric Company (POR)
Portland General Electric Company Tangible Common Equity Ratio: 29.28%
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POR Tangible Common Equity Ratio Rankings
| Overall | 57th percentile | 1853 of 4390 |
| Sector | 45th percentile | 64 of 117 in Utilities |
| Industry | 41st percentile | 31 of 53 in Electric Utilities |
POR Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 27.69% | Dec 2008 |
| Maximum | 33.31% | Jun 2007 |
| Average | 29.79% |
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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POR News
about 8 days ago by DynamicDividend
May 24, 6:13AM Street Insider
May 03, 6:57PM Seeking Alpha
about 28 days ago by earningscast
Apr 04, 1:51PM Street Insider
Apr 03, 5:42PM Business Wire
Feb 24, 6:13PM Seeking Alpha
about 97 days ago by earningscast
Feb 24, 6:36AM Street Insider
Feb 24, 5:00AM Business Wire
Feb 22, 5:38PM Street Insider
Jan 26, 7:25PM Business Wire
Jan 13, 7:07AM Benzinga
Jan 12, 7:12PM Business Wire
about 259 days ago by DynamicDividend
about 302 days ago by Benzinga
about 385 days ago by DynamicDividend
about 399 days ago by 1nvestor
about 645 days ago by Fibline
about 904 days ago by Attitrade
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| POR | 25.15 | +0.09 | +0.36% | 1.889B |
| PJF | 25.55 | +0.02 | +0.08% | |
| PJC | 21.90 | +0.28 | +1.30% | 411.43M |
| PIZ | 17.00 | +0.05 | +0.29% | |
| PIV | 14.73 | -0.18 | -1.20% | |
| PIP | 1.21 | -0.05 | -3.97% | 60.93M |
| PIO | 16.06 | -0.03 | -0.19% | |
| PIKE | 7.22 | -0.17 | -2.30% | 256.80M |
| PII | 75.98 | -1.06 | -1.38% | 5.276B |
| PID | 13.94 | +0.03 | +0.22% |
