What is John Hancock Preferredome Fund III PB Ratio?
John Hancock Preferredome Fund IIIHPS +0.34%30 PB Ratio is 1.00 as of Jun. 25, 2026, which is 1% below its 10-year median of 1.01. GuruFocus rates HPS with a GF Score™ of 30/100. The stock has 6 warning signs investors should review. Among 1,607 Asset Management companies, John Hancock Preferredome Fund III ranks worse than 57.37% on this metric.
HPS's PB Ratio is ranked worse than 57.37% of 1607
companies
in the Asset Management industry
Industry Median: 0.95
vs HPS: 1.00
During the past 12 months, John Hancock Preferredome Fund III's average Book Value Per Share Growth Rate was -1.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -3.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -4.20% per year.
During the past 9 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 -7.80% per year. And the median was -5.40% per year.
Back to Basics: PB Ratio
John Hancock Preferredome Fund III (NYSE:HPS) 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 III PB Ratio Related Terms
John Hancock Preferredome Fund III 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 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 vs Asset Management Industry
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.
* 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 (HPS) has a PB Ratio of 1.00 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 III and its competitors. This is near median its historical median of 1.01. Over the past decade, John Hancock Preferredome Fund III's PB Ratio has ranged from 0.59 to 1.20. According to the industry distribution chart, John Hancock Preferredome Fund III ranks #922 out of 1607 companies in the Asset Management industry, placing it in the top 57.4%.
Is John Hancock Preferredome Fund III's PB Ratio too high?
John Hancock Preferredome Fund III's current PB Ratio of 1.00 is near median its 10-year median of 1.01. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 1.20. The Asset Management industry median PB Ratio is 0.95. John Hancock Preferredome Fund III's value of 1.00 is 5.3% above this industry median. Based on the distribution chart, John Hancock Preferredome Fund III ranks #922 out of 1607 companies in the Asset Management industry, which is below 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 PB Ratio compare to VVR and NBB?
According to the Asset Management industry distribution chart, John Hancock Preferredome Fund III ranks #922 out of 1607 companies for PB Ratio. This places John Hancock Preferredome Fund III in the lower half of its industry. The industry median PB Ratio is 0.95. John Hancock Preferredome Fund III's value of 1.00 is 5.3% above this benchmark. Historically, John Hancock Preferredome Fund III's own PB Ratio has ranged from 0.59 to 1.20 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 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 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 III's current PB Ratio of 1.00 is 5.3% 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 III 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 III's current PB Ratio is 1.00, 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 III stock overvalued right now?
John Hancock Preferredome Fund III (HPS) has a current PB Ratio of 1.00. The current PB Ratio is 1.00, which is near median its 10-year median of 1.01 and 5.3% above the Asset Management industry median of 0.95. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For John Hancock Preferredome Fund III (HPS), the current PB Ratio is 1.00 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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