What is John Hancock Preferredome Fund II PB Ratio?
John Hancock Preferredome Fund IIHPF +0.45%31 PB Ratio is 0.99 as of Jun. 25, 2026, which is 2% below its 10-year median of 1.01. GuruFocus rates HPF with a GF Score™ of 31/100. The stock has 6 warning signs investors should review. Among 1,607 Asset Management companies, John Hancock Preferredome Fund II ranks worse than 54.95% on this metric.
HPF'
s PB Ratio Range Over the Past 10 Years
Min: 0.6 Med: 1.01 Max: 1.21
Current: 0.99
During the past 9 years, John Hancock Preferredome Fund II's highest PB Ratio was 1.21. The lowest was 0.60. And the median was 1.01.
HPF's PB Ratio is ranked worse than 54.95% of 1607
companies
in the Asset Management industry
Industry Median: 0.95
vs HPF: 0.99
During the past 12 months, John Hancock Preferredome Fund II's average Book Value Per Share Growth Rate was -1.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -3.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -4.40% per year.
During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of John Hancock Preferredome Fund II was -0.90% per year. The lowest was -8.00% per year. And the median was -5.60% per year.
Back to Basics: PB Ratio
John Hancock Preferredome Fund II (NYSE:HPF) PB Ratio Explanation
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 II PB Ratio Related Terms
John Hancock Preferredome Fund II PB Ratio 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.
For the Asset Management subindustry, John Hancock Preferredome Fund II'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 II PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, John Hancock Preferredome Fund II's PB Ratio distribution charts can be found below:
* The bar in red indicates where John Hancock Preferredome Fund II's PB Ratio falls into.
John Hancock Preferredome Fund II 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.
* 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 II (HPF) has a PB Ratio of 0.99 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on John Hancock Preferredome Fund II and its competitors. This is near median its historical median of 1.01. Over the past decade, John Hancock Preferredome Fund II's PB Ratio has ranged from 0.60 to 1.21. According to the industry distribution chart, John Hancock Preferredome Fund II ranks #883 out of 1607 companies in the Asset Management industry, placing it in the top 54.9%.
Is John Hancock Preferredome Fund II's PB Ratio too high?
John Hancock Preferredome Fund II's current PB Ratio of 0.99 is near median its 10-year median of 1.01. Over the past 10 years, this metric has ranged from a low of 0.60 to a high of 1.21. The Asset Management industry median PB Ratio is 0.95. John Hancock Preferredome Fund II's value of 0.99 is 4.2% above this industry median. Based on the distribution chart, John Hancock Preferredome Fund II ranks #883 out of 1607 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 PB Ratio compare to MIY and EMF?
According to the Asset Management industry distribution chart, John Hancock Preferredome Fund II ranks #883 out of 1607 companies for PB Ratio. This places John Hancock Preferredome Fund II in the lower half of its industry. The industry median PB Ratio is 0.95. John Hancock Preferredome Fund II's value of 0.99 is 4.2% above this benchmark. Historically, John Hancock Preferredome Fund II's own PB Ratio has ranged from 0.60 to 1.21 over the past decade. While the company's 10-year median is 1.01 vs. the industry median of 0.95, John Hancock Preferredome Fund II 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 PB Ratio for an Asset Management company?
The median PB Ratio among Asset Management companies is 0.95, based on 1,607 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. John Hancock Preferredome Fund II's current PB Ratio of 0.99 is 4.2% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on John Hancock Preferredome Fund II and its competitors. For the Asset Management industry, the median PB Ratio is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. John Hancock Preferredome Fund II's current PB Ratio is 0.99, which is near median its own 10-year median of 1.01. 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 PB Ratio of 0.99. The current PB Ratio is 0.99, which is near median its 10-year median of 1.01 and 4.2% above the Asset Management industry median of 0.95. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For John Hancock Preferredome Fund II (HPF), the current PB Ratio is 0.99 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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