Value Line (VALU)
Value Line Tangible Common Equity Ratio: 39.47%
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VALU Tangible Common Equity Ratio Rankings
| Overall | 46th percentile | 2342 of 4390 |
| Sector | 21st percentile | 687 of 871 in Financial |
| Industry | 58th percentile | 23 of 55 in Asset Management |
VALU Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 4.95% | Oct 2010 |
| Maximum | 68.79% | Apr 2009 |
| Average | 48.32% |
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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VALU News
Apr 19, 4:51PM Business Wire
about 66 days ago by ChartistFriendfromPgh
Mar 05, 7:07PM Business Wire
Jan 19, 4:47PM Street Insider
Jan 19, 4:46PM Business Wire
Jan 18, 3:28PM Business Wire
Dec 09, 5:58PM Business Wire
Oct 21, 6:13PM Business Wire
about 312 days ago by rob_zim
Jul 15, 4:14PM Business Wire
about 431 days ago by frankvoisin
about 538 days ago by BlueyHuey
about 572 days ago by StockTiger
about 581 days ago by Tieler
about 585 days ago by MagicDiligence
about 596 days ago by researchpuzzler
about 597 days ago by researchpuzzler
about 597 days ago by biggercapital
about 597 days ago by researchpuzzler
about 597 days ago by ARupdates
about 597 days ago by researchpuzzler
about 601 days ago by BlueyHuey
about 602 days ago by BlueyHuey
about 602 days ago by BlueyHuey
about 602 days ago by BlueyHuey
about 613 days ago by BlueyHuey
about 615 days ago by BlueyHuey
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| VALU | 12.25 | +0.08 | +0.66% | 121.28M |
| VALE | 18.31 | -0.12 | -0.65% | 58.04B |
| VAL | 48.21 | -0.33 | -0.68% | 4.489B |
| V | 115.20 | -2.29 | -1.95% | 93.67B |
| UYM | 29.98 | -0.55 | -1.80% | |
| UXG | 5.74 | -0.01 | -0.17% | |
| UWN | 1.14 | +0.00 | +0.00% | 18.11M |
| UUU | 5.02 | -0.08 | -1.57% | 11.80M |
| UTX | 74.11 | +0.37 | +0.50% | 67.45B |
| UTSI | 1.24 | +0.01 | +0.81% | 192.68M |