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TL431 issue

Other Parts Discussed in Thread: TL431

Hello,

               Below is customer schematics. PD132 is 36V zener. PD37 is Phototransistor. PU26 is TL431. 

               if PSU_54V > 48V, TL431  reference voltage is over 2.5V then PD37 1/2 pin turn on to indicate PG_54V_N is low and power source ready. But per waveform, the voltage of TL431 CATHODE is only 2V. Is it correct for the 2V by TL431? Has any concern for it? Thank you .

BR

Patrick