Perficient (PRFT)
Perficient Tangible Common Equity Ratio: 65.91%
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PRFT Tangible Common Equity Ratio Rankings
| Overall | 21st percentile | 3428 of 4390 |
| Sector | 35th percentile | 523 of 815 in Technology |
| Industry | 21st percentile | 45 of 57 in Business Software & Services |
PRFT Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 57.09% | Sep 2007 |
| Maximum | 80.49% | Mar 2009 |
| Average | 71.40% |
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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PRFT News
May 16, 12:04PM Business Wire
about 29 days ago by earningscast
about 42 days ago by Street_Insider
Apr 17, 10:30AM Business Wire
Apr 10, 11:05AM Business Wire
Mar 15, 9:58AM Business Wire
about 81 days ago by TraderFoxxx
about 91 days ago by StockTwits50
about 91 days ago by earningscast
Mar 01, 8:10AM Street Insider
Feb 27, 10:40AM Business Wire
about 97 days ago by StockTwits50
about 103 days ago by Contrarius
Feb 13, 10:44AM Business Wire
Feb 06, 12:17PM Business Wire
about 117 days ago by covestor
Jan 09, 10:44AM Business Wire
about 156 days ago by StockTwits
about 156 days ago by jaykza
about 156 days ago by ldrogen
about 162 days ago by ScholzCapital
Nov 26, 12:15AM Seeking Alpha
Nov 03, 8:38AM Street Insider
Nov 03, 8:37AM FlyOnTheWall
Oct 24, 10:00AM Business Wire
Oct 22, 3:00PM Business Wire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| PRFT | 11.33 | -0.17 | -1.48% | 359.60M |
| PRF | 56.01 | -0.08 | -0.14% | |
| PRE | 71.50 | +0.97 | +1.38% | 4.612B |
| PCLN | 624.99 | -12.77 | -2.00% | 31.76B |
| PCL | 36.51 | +0.22 | +0.61% | 5.858B |
| PCH | 28.67 | +0.28 | +0.99% | 1.141B |
| 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 |