During the past 12 months, John Hancock Preferredome Fund III's average Book Value Per Share Growth Rate was -8.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -5.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -5.50% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.
During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of John Hancock Preferredome Fund III was -0.90% per year. The lowest was -6.00% per year. And the median was -5.40% per year.
* 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 Preferredome Fund III Book Value per Share Chart
Competitive Comparison of John Hancock Preferredome Fund III's Book Value per Share
For the Asset Management subindustry, John Hancock Preferredome Fund III's PB Ratio, along with its competitors' market caps and PB Ratio 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 Preferredome Fund III's PB Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, John Hancock Preferredome Fund III's PB Ratio distribution charts can be found below:
* The bar in red indicates where John Hancock Preferredome Fund III's PB Ratio falls into.
John Hancock Preferredome Fund III Book Value per Share 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.
Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.
John Hancock Preferredome Fund III (NYSE:HPS) Book Value per Share Explanation
Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.
For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.
John Hancock Preferredome Fund III Book Value per Share Related Terms
Thank you for viewing the detailed overview of John Hancock Preferredome Fund III's Book Value per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
John Hancock Preferredome Fund III (John Hancock Preferredome Fund III) Business Description
John Hancock Preferred Income Fund III is a closed-end, diversified management investment company. Its investment objective is to provide a high level of current income consistent with preservation of capital. The fund's secondary investment objective is to provide growth of capital to the extent consistent with its primary investment objective. It seeks to achieve the objectives by investing a majority of its assets in preferred stocks and other preferred securities, including convertible preferred securities. The portfolio composition of the company consists of the U.S. preferred securities, foreign preferred securities, common stocks, corporate bonds, and the short-term investments.
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