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John Hancock Preferredome Fund III (John Hancock Preferredome Fund III) PB Ratio

: 1.04 (As of Today)
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The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-04-19), John Hancock Preferredome Fund III's share price is $14.74. John Hancock Preferredome Fund III's Book Value per Share for the quarter that ended in Jan. 2024 was $14.14. Hence, John Hancock Preferredome Fund III's PB Ratio of today is 1.04.

The historical rank and industry rank for John Hancock Preferredome Fund III's PB Ratio or its related term are showing as below:

HPS' s PB Ratio Range Over the Past 10 Years
Min: 0.59   Med: 0.98   Max: 1.19
Current: 1.04

During the past 7 years, John Hancock Preferredome Fund III's highest PB Ratio was 1.19. The lowest was 0.59. And the median was 0.98.

HPS's PB Ratio is ranked worse than
70.64% of 1693 companies
in the Asset Management industry
Industry Median: 0.92 vs HPS: 1.04

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.

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.

Back to Basics: PB Ratio


John Hancock Preferredome Fund III PB Ratio Historical Data

The historical data trend for John Hancock Preferredome Fund III's PB Ratio can be seen below:

* 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.

* Premium members only.

John Hancock Preferredome Fund III Annual Data
Trend Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
PB Ratio
Premium Member Only Premium Member Only 1.04 1.02 1.05 1.07 1.05

John Hancock Preferredome Fund III Semi-Annual Data
Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
PB Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.01 1.07 1.02 1.05 1.05

Competitive Comparison

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 PB Ratio Distribution

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 PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

John Hancock Preferredome Fund III's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Jan. 2024)
=14.74/14.135
=1.04

* 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 Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.


John Hancock Preferredome Fund III  (NYSE:HPS) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


John Hancock Preferredome Fund III PB Ratio Related Terms

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John Hancock Preferredome Fund III (John Hancock Preferredome Fund III) Business Description

Traded in Other Exchanges
N/A
Address
200 Berkeley Street, Boston, MA, USA, 02116
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.
Executives
Dean Garfield director C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116
Noni L Ellison director TRACTOR SUPPLY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Andy Mcfetridge officer: Director of the Adviser 200 BERKELEY STREET, BOSTON MA 02116
Kristie Feinberg officer: President & CEO of the Adviser C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116
York Lo officer: Vice President, Investments C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116
Kathryn Hayes other: Filer and Employee of the Fund C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116
Patricia Lizarraga director C/O JOHN, 200 BERKELEY STREET, BOSTON MA 02116
Paul Lorentz director C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116
Arthur Pigott officer: VP of the Adviser C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116
Glen J Gibbons officer: VP of the Adviser C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116
Frances G Rathke other: Trustee of the Fund C/O GREEN MOUNTAIN COFFEE ROASTERS, INC., 33 COFFEE LANE, WATERBURY VT 05676
Brian Macphee officer: Vice President of the Adviser C/O JOHN HANCOCK, 164 CORPORATE DRIVE, PORTSMOUTH NH 03801
Steven R Pruchansky director C/O JOHN HANCOCK, 601 CONGRESS STREET, BOSTON MA 02210
Sean Speer officer: Vice President of the Adviser C/O JOHN HANCOCK, 197 CLARENDON STREET, BOSTON MA 02116
Michael Tassinari officer: Vice President of the Adviser C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116

John Hancock Preferredome Fund III (John Hancock Preferredome Fund III) Headlines