What is John Hancock Preferredome Fund III FCF Yield %?
John Hancock Preferredome Fund IIIHPS -0.35%30 FCF Yield % is 8.87 as of Jun. 25, 2026, which is 9% above its 10-year median of 8.16. GuruFocus rates HPS with a GF Score™ of 30/100. The stock has 6 warning signs investors should review. Among 1,516 Asset Management companies, John Hancock Preferredome Fund III ranks better than 73.88% on this metric.
FCF Yield % is calculated as Free Cash Flow divided by Market Capitalization. It is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.
John Hancock Preferredome Fund III FCF Yield % Explanation
Similar to Earnings Yield %, FCF Yield % is financial solvency ratio. A lower ratio suggests a less attractive investment, indicating that investors might not receive substantial returns in proportion to their investment. Conversely, a high free cash flow yield signals that a company generates sufficient cash to comfortably meet its debts, obligations, and dividend payments, making it a promising investment choice.
John Hancock Preferredome Fund III FCF Yield % Related Terms
John Hancock Preferredome Fund III FCF Yield % Historical Data
* 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.
John Hancock Preferredome Fund III FCF Yield % Chart
For the Asset Management subindustry, John Hancock Preferredome Fund III's FCF Yield %, along with its competitors' market caps and FCF Yield % 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 FCF Yield % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, John Hancock Preferredome Fund III's FCF Yield % distribution charts can be found below:
* The bar in red indicates where John Hancock Preferredome Fund III's FCF Yield % falls into.
* 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.
John Hancock Preferredome Fund III (HPS) has a FCF Yield % of 8.87 as of Jun. 25, 2026. FCF Yield is calculated as Free Cash Flow divided by Market Capitalization. View historical data on John Hancock Preferredome Fund III and its competitors. This is near median its historical median of 8.16. Over the past decade, John Hancock Preferredome Fund III's FCF Yield % has ranged from 4.36 to 19.92. According to the industry distribution chart, John Hancock Preferredome Fund III ranks #396 out of 1516 companies in the Asset Management industry, placing it in the top 26.1%.
Is John Hancock Preferredome Fund III's FCF Yield % too high?
John Hancock Preferredome Fund III's current FCF Yield % of 8.87 is near median its 10-year median of 8.16. Over the past 10 years, this metric has ranged from a low of 4.36 to a high of 19.92. The Asset Management industry median FCF Yield % is 2.20. John Hancock Preferredome Fund III's value of 8.87 is 304.1% above this industry median. Based on the distribution chart, John Hancock Preferredome Fund III ranks #396 out of 1516 companies in the Asset Management industry, which is above the industry midpoint. Overall, John Hancock Preferredome Fund III has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does John Hancock Preferredome Fund III's FCF Yield % compare to VVR and NBB?
According to the Asset Management industry distribution chart, John Hancock Preferredome Fund III ranks #396 out of 1516 companies for FCF Yield %. This puts John Hancock Preferredome Fund III in the upper half of its industry. The industry median FCF Yield % is 2.20. John Hancock Preferredome Fund III's value of 8.87 is 304.1% above this benchmark. Historically, John Hancock Preferredome Fund III's own FCF Yield % has ranged from 4.36 to 19.92 over the past decade. While the company's 10-year median is 8.16 vs. the industry median of 2.20, John Hancock Preferredome Fund III has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Yield % for an Asset Management company?
The median FCF Yield % among Asset Management companies is 2.20, based on 1,516 companies in the industry. Companies in the top quartile (top 25%) have a FCF Yield % significantly above this median, while those in the bottom quartile fall well below. However, FCF Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. John Hancock Preferredome Fund III's current FCF Yield % of 8.87 is 304.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Yield % mean?
A high FCF Yield % can signal that a stock is expensive relative to its fundamentals. FCF Yield is calculated as Free Cash Flow divided by Market Capitalization. View historical data on John Hancock Preferredome Fund III and its competitors. For the Asset Management industry, the median FCF Yield % is 2.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. John Hancock Preferredome Fund III's current FCF Yield % is 8.87, which is near median its own 10-year median of 8.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is John Hancock Preferredome Fund III stock overvalued right now?
John Hancock Preferredome Fund III (HPS) has a current FCF Yield % of 8.87. The current FCF Yield % is 8.87, which is near median its 10-year median of 8.16 and 304.1% above the Asset Management industry median of 2.20. John Hancock Preferredome Fund III's overall GF Score™ is 30/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Yield % calculated?
FCF Yield % is calculated from a company's financial statements. For John Hancock Preferredome Fund III (HPS), the current FCF Yield % is 8.87 as of Jun. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
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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