The historical rank and industry rank for John Hancock Hedged Equity &ome Fund's Price-to-Tangible-Book or its related term are showing as below:
HEQ'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.85 Med: 0.98 Max: 1
Current: 0.86
During the past 7 years, John Hancock Hedged Equity &ome Fund's highest Price to Tangible Book Ratio was 1.00. The lowest was 0.85. And the median was 0.98.
HEQ's Price-to-Tangible-Book is ranked better than 69.38% of 1623
companies
in the Asset Management industry
Industry Median: 0.93
vs HEQ: 0.86
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
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John Hancock Hedged Equity &ome Fund Price-to-Tangible-Book Chart
Competitive Comparison of John Hancock Hedged Equity &ome Fund's Price-to-Tangible-Book
For the Asset Management subindustry, John Hancock Hedged Equity &ome Fund's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
John Hancock Hedged Equity &ome Fund's Price-to-Tangible-Book Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, John Hancock Hedged Equity &ome Fund's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where John Hancock Hedged Equity &ome Fund's Price-to-Tangible-Book falls into.
John Hancock Hedged Equity &ome Fund Price-to-Tangible-Book Calculation
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
John Hancock Hedged Equity &ome Fund Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of John Hancock Hedged Equity &ome Fund's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
John Hancock Hedged Equity &ome Fund (John Hancock Hedged Equity &ome Fund) Business Description
John Hancock Hedged Equity & Income Fund is a closed-end management investment company. Its investment objective is to provide total return with a focus on current income and gains and also consisting of long-term capital appreciation. It invests in various sectors such as financials, consumer discretionary, information technology, energy, healthcare, materials, real estate, consumer staples, short-term investments, and others.
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