What is John Hancock Financial Opportunities Fund Graham Number?
John Hancock Financial Opportunities FundBTO -1.23%34 Graham Number is $53.50 as of Dec. 2025, which is 11046% above its 10-year median of 0.48. GuruFocus rates BTO with a GF Score™ of 34/100. The stock has 7 warning signs investors should review. Among 1,171 Asset Management companies, John Hancock Financial Opportunities Fund ranks worse than 51.49% on this metric.
Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.
BTO'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.4 Med: 0.48 Max: 2.06
Current: 0.73
During the past 10 years, the highest Price to Graham Number ratio of John Hancock Financial Opportunities Fund was 2.06. The lowest was 0.40. And the median was 0.48.
BTO's Price-to-Graham-Number is ranked worse than 51.49% of 1171
companies
in the Asset Management industry
Industry Median: 0.71
vs BTO: 0.73
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
John Hancock Financial Opportunities Fund (NYSE:BTO) Graham Number Explanation
Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:
Current price should not be more than 15 times average earnings of the past three years.
Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)
Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.
In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.
John Hancock Financial Opportunities Fund's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
39.19
/
53.50
=
0.73
* 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.
Be Aware
Please keep these in mind:
1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.
John Hancock Financial Opportunities Fund Graham Number Related Terms
John Hancock Financial Opportunities Fund Graham Number 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 Financial Opportunities Fund Graham Number Chart
John Hancock Financial Opportunities Fund Annual Data
For the Asset Management subindustry, John Hancock Financial Opportunities Fund's Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number 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 Financial Opportunities Fund Price-to-Graham-Number vs Asset Management Industry
For the Asset Management industry and Financial Services sector, John Hancock Financial Opportunities Fund's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where John Hancock Financial Opportunities Fund's Price-to-Graham-Number 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 Financial Opportunities Fund (BTO) has a Graham Number of $53.50 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on John Hancock Financial Opportunities Fund and its competitors. This is 11046% above median its historical median of 0.48. Over the past decade, John Hancock Financial Opportunities Fund's Graham Number has ranged from 0.40 to 2.06. According to the industry distribution chart, John Hancock Financial Opportunities Fund ranks #603 out of 1171 companies in the Asset Management industry, placing it in the top 51.5%.
Is John Hancock Financial Opportunities Fund's Graham Number too high?
John Hancock Financial Opportunities Fund's current Graham Number of $53.50 is 11046% above median its 10-year median of 0.48. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 2.06. The Asset Management industry median Graham Number is 0.71. John Hancock Financial Opportunities Fund's value of $53.50 is 7435.2% above this industry median. Based on the distribution chart, John Hancock Financial Opportunities Fund ranks #603 out of 1171 companies in the Asset Management industry, which is below the industry midpoint. Overall, John Hancock Financial Opportunities Fund has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does John Hancock Financial Opportunities Fund's Graham Number compare to DXYZ and THQ?
According to the Asset Management industry distribution chart, John Hancock Financial Opportunities Fund ranks #603 out of 1171 companies for Graham Number. This places John Hancock Financial Opportunities Fund in the lower half of its industry. The industry median Graham Number is 0.71. John Hancock Financial Opportunities Fund's value of $53.50 is 7435.2% above this benchmark. Historically, John Hancock Financial Opportunities Fund's own Graham Number has ranged from 0.40 to 2.06 over the past decade. While the company's 10-year median is 0.48 vs. the industry median of 0.71, John Hancock Financial Opportunities Fund 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 Graham Number for an Asset Management company?
The median Graham Number among Asset Management companies is 0.71, based on 1,171 companies in the industry. Companies in the top quartile (top 25%) have a Graham Number significantly above this median, while those in the bottom quartile fall well below. However, Graham Number should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. John Hancock Financial Opportunities Fund's current Graham Number of $53.50 is 7435.2% 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 Graham Number mean?
A high Graham Number can signal that a stock is expensive relative to its fundamentals. The Graham Number values a company based on its per-share earnings and book value. View historical data on John Hancock Financial Opportunities Fund and its competitors. For the Asset Management industry, the median Graham Number is 0.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. John Hancock Financial Opportunities Fund's current Graham Number is $53.50, which is 11046% above median its own 10-year median of 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is John Hancock Financial Opportunities Fund stock overvalued right now?
John Hancock Financial Opportunities Fund (BTO) has a current Graham Number of $53.50. The current Graham Number is $53.50, which is 11046% above median its 10-year median of 0.48 and 7435.2% above the Asset Management industry median of 0.71. John Hancock Financial Opportunities Fund's overall GF Score™ is 34/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Graham Number calculated?
Graham Number is calculated from a company's financial statements. For John Hancock Financial Opportunities Fund (BTO), the current Graham Number is $53.50 as of Dec. 2025. 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 Financial Opportunities Fund Business Description
John Hancock Financial Opportunities Fund is a United States-based closed-end, diversified management investment company. Its investment objective is to provide a high level of total return consisting of long-term capital appreciation and current income. Under normal circumstances, the fund will invest at least 80% of its net assets in equity securities of U.S. and foreign financial services companies of any size. These companies may include, but are not limited to, banks, thrifts, finance and financial technology companies, brokerage and advisory firms, real estate-related firms, insurance companies, and financial holding companies.
34GF Score
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