John Hancock Preferredome Fund IIHPF +0.77%31 Piotroski F-Score is 4 as of Jun. 25, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates HPF with a GF Score™ of 31/100. The stock has 6 warning signs investors should review. Among 1,601 Asset Management companies, John Hancock Preferredome Fund II ranks worse than 56.65% on this metric.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
John Hancock Preferredome Fund II has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for John Hancock Preferredome Fund II's Piotroski F-Score or its related term are showing as below:
HPF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 6
Current: 4
During the past 9 years, the highest Piotroski F-Score of John Hancock Preferredome Fund II was 6. The lowest was 3. And the median was 5.
John Hancock Preferredome Fund II (NYSE:HPF) Piotroski F-Score Explanation
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
John Hancock Preferredome Fund II Piotroski F-Score Related Terms
John Hancock Preferredome Fund II Piotroski F-Score 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 II Piotroski F-Score Chart
HPF vs MIY, EMF, HIO: Piotroski F-Score Comparison
For the Asset Management subindustry, John Hancock Preferredome Fund II's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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 II Piotroski F-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, John Hancock Preferredome Fund II's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where John Hancock Preferredome Fund II's Piotroski F-Score 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.
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
John Hancock Preferredome Fund II's current Net Income (TTM) was 29.40.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
John Hancock Preferredome Fund II's current Cash Flow from Operations (TTM) was 30.58.
==> Positive ==> Score 1.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
John Hancock Preferredome Fund II's return on assets of this year was 0.05314479. John Hancock Preferredome Fund II's return on assets of last year was 0.09225868.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
John Hancock Preferredome Fund II's gearing of this year was 0.37426498. John Hancock Preferredome Fund II's gearing of last year was 0.37926223.
==> This year is lower or equal to last year. ==> Score 1.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.
John Hancock Preferredome Fund II's current ratio of this year was 2.64988151. John Hancock Preferredome Fund II's current ratio of last year was 2.65492471.
==> Last year's current ratio is higher ==> Score 0.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
John Hancock Preferredome Fund II's number of shares in issue this year was 21.621. John Hancock Preferredome Fund II's number of shares in issue last year was 21.529.
==> There is larger number of shares in issue this year. ==> Score 0.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.
John Hancock Preferredome Fund II's net margin of this year was 0.98760622. John Hancock Preferredome Fund II's net margin of last year was 0.99059774.
==> Last year's net margin is higher ==> Score 0.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
John Hancock Preferredome Fund II's asset turnover of this year was 0.05381172. John Hancock Preferredome Fund II's asset turnover of last year was 0.09313435.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
John Hancock Preferredome Fund II has an F-score of 4 indicating the company's financial situation is typical for a stable company.
John Hancock Preferredome Fund II (HPF) has a Piotroski F-Score of 4 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on John Hancock Preferredome Fund II and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, John Hancock Preferredome Fund II's Piotroski F-Score has ranged from 3.00 to 6.00. According to the industry distribution chart, John Hancock Preferredome Fund II ranks #907 out of 1601 companies in the Asset Management industry, placing it in the top 56.7%.
Is John Hancock Preferredome Fund II's Piotroski F-Score too high?
John Hancock Preferredome Fund II's current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 6.00. The Asset Management industry median Piotroski F-Score is 5.00. John Hancock Preferredome Fund II's value of 4 is 20% below this industry median. Based on the distribution chart, John Hancock Preferredome Fund II ranks #907 out of 1601 companies in the Asset Management industry, which is below the industry midpoint. Overall, John Hancock Preferredome Fund II has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does John Hancock Preferredome Fund II's Piotroski F-Score compare to MIY and EMF?
According to the Asset Management industry distribution chart, John Hancock Preferredome Fund II ranks #907 out of 1601 companies for Piotroski F-Score. This places John Hancock Preferredome Fund II in the lower half of its industry. The industry median Piotroski F-Score is 5.00. John Hancock Preferredome Fund II's value of 4 is 20% below this benchmark. Historically, John Hancock Preferredome Fund II's own Piotroski F-Score has ranged from 3.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, John Hancock Preferredome Fund II has consistently been below 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 Piotroski F-Score for an Asset Management company?
The median Piotroski F-Score among Asset Management companies is 5.00, based on 1,601 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. John Hancock Preferredome Fund II's current Piotroski F-Score of 4 is 20% below 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 Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on John Hancock Preferredome Fund II and its competitors. For the Asset Management industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. John Hancock Preferredome Fund II's current Piotroski F-Score is 4, which is 20% below median its own 10-year median of 5.00. 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 II stock overvalued right now?
John Hancock Preferredome Fund II (HPF) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Asset Management industry median of 5.00. John Hancock Preferredome Fund II's overall GF Score™ is 31/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For John Hancock Preferredome Fund II (HPF), the current Piotroski F-Score is 4 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 II Business Description
John Hancock Preferred Income Fund II is the United States based closed-end, diversified management investment company. Its primary 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. The fund's principal investment strategies include to invests a majority of its assets in preferred stocks and other preferred securities, including convertible preferred securities. Its portfolio composition consists of U.S preferred securities, common stocks, foreign preferred securities, corporate bonds, capital preferred securities and short-term investments.
31GF Score
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