2014년 3월 4일 화요일

ROTCE and P/TBV



http://www.valuewalk.com/2014/03/banks-correlation-rotce-ptbv/

Return on Tangible Common Equity - ROTCE
Price to Tangible Book Value - PTBV


Tangible Common Equity Ratio - TCE


TCE = total equity – intangible assets – goodwill – preferred stock
TCE ratio = TCE / (total assets)
Leverage ratio = (total assets – intangible assets – goodwill) / TCE











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