Prudential (PUK)
Prudential Tangible Common Equity Ratio: 2.76%
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PUK Tangible Common Equity Ratio Rankings
| Overall | 84th percentile | 670 of 4390 |
| Sector | 93rd percentile | 58 of 871 in Financial |
| Industry | 96th percentile | 1 of 27 in Life Insurance |
PUK Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -0.47% | Jun 2009 |
| Maximum | 2.76% | Dec 2011 |
| Average | 1.96% |
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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PUK News
May 09, 11:10PM Seeking Alpha
Apr 19, 10:16AM Business Wire
Mar 19, 11:02AM Business Wire
Mar 13, 11:50PM Seeking Alpha
Mar 06, 9:32AM Street Insider
Feb 27, 12:59PM Business Wire
Feb 23, 3:00PM Business Wire
Jan 26, 11:15AM Business Wire
Jan 12, 10:09AM Street Insider
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Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| PUK | 20.99 | +0.23 | +1.11% | 26.45B |
| PTX | 6.59 | -0.47 | -6.66% | 181.72M |
| PTSX | 0.57 | +0.00 | +0.00% | 5.991M |
| PTRY | 12.89 | -0.03 | -0.23% | 300.52M |
| PTR | 125.99 | +0.34 | +0.27% | 229.94B |
| PRU | 46.45 | -0.20 | -0.43% | 21.92B |
| PRTS | 4.11 | +0.10 | +2.49% | 122.91M |
| PRST | 0.5401 | -0.04 | -6.88% | 21.68M |
| PRSC | 13.31 | +0.10 | +0.76% | 171.86M |
| PPLT | 139.54 | +1.32 | +0.95% |