PROS (PRO)
PROS Tangible Common Equity Ratio: 65.06%
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PRO Tangible Common Equity Ratio Rankings
| Overall | 22nd percentile | 3392 of 4390 |
| Sector | 37th percentile | 511 of 815 in Technology |
| Industry | 18th percentile | 68 of 83 in Application Software |
PRO Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -88.02% | Jun 2007 |
| Maximum | 65.06% | Mar 2012 |
| Average | 51.48% |
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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PRO News
May 29, 7:00AM Business Wire
about 7 days ago by HighGrowthFinancial
May 11, 10:43AM Business Wire
about 21 days ago by PROSHoldings
May 09, 8:00AM Business Wire
about 24 days ago by PROSHoldings
about 24 days ago by PROSHoldings
about 24 days ago by PROSHoldings
about 24 days ago by earningscast
about 24 days ago by PROSHoldings
about 24 days ago by PROSHoldings
about 24 days ago by PROSHoldings
about 24 days ago by PROSHoldings
May 07, 9:40AM Business Wire
May 04, 8:00AM Business Wire
about 28 days ago by HighGrowthFinancial
May 03, 8:00AM Business Wire
about 29 days ago by PROSHoldings
about 32 days ago by ivan_bg
about 32 days ago by ABtrader
about 49 days ago by PROSHoldings
Apr 12, 4:05PM Business Wire
Mar 28, 9:00AM Business Wire
about 66 days ago by Contrarius
about 74 days ago by WallStJesus
about 79 days ago by PROSHoldings
Mar 13, 8:00AM Business Wire
about 80 days ago by PROSHoldings
about 92 days ago by PROSHoldings
about 92 days ago by PROSHoldings
about 92 days ago by PROSHoldings
about 97 days ago by PROSHoldings
Feb 10, 2:06PM Street Insider
Feb 09, 4:01PM Business Wire
Feb 07, 7:00AM Business Wire
Jan 30, 11:49AM Business Wire
Jan 03, 4:05PM Business Wire
Nov 29, 12:39PM Business Wire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| PRO | 14.85 | +0.05 | +0.34% | 401.23M |
| PNTR | 2.74 | +0.01 | +0.37% | 13.12M |
| PNSN | 0.22 | -0.03 | -12.00% | 6.995M |
| PNRG | 22.70 | +0.54 | +2.44% | 60.28M |
| PNRA | 147.17 | -0.69 | -0.47% | 4.698B |
| PNR | 40.68 | -0.18 | -0.44% | 4.030B |
| SLH | 44.64 | -0.01 | -0.02% | 3.128B |
| SLGN | 41.77 | -0.10 | -0.24% | 2.926B |
| SLG | 74.71 | +0.81 | +1.10% | 6.383B |
| SLF | 20.54 | +0.54 | +2.70% | 11.69B |