John Hancock Preferredome Fund IIIHPS +0.07%30 Pretax Margin % is 99.20% as of Jan. 2026, which is 0% above its 10-year median of 99.15. GuruFocus rates HPS with a GF Scoreâ„¢ of 30/100. The stock has 6 warning signs investors should review. Among 1,580 Asset Management companies, John Hancock Preferredome Fund III ranks better than 75.57% on this metric.
The historical rank and industry rank for John Hancock Preferredome Fund III's Pretax Margin % or its related term are showing as below:
HPS'
s Pretax Margin % Range Over the Past 10 Years
Min: 95.78 Med: 99.15 Max: 101.78
Current: 98.95
HPS's Pretax Margin % is ranked better than 75.57% of 1580
companies
in the Asset Management industry
Industry Median: 89.475
vs HPS: 98.95
John Hancock Preferredome Fund III (NYSE:HPS) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
John Hancock Preferredome Fund III Pretax Margin % Related Terms
John Hancock Preferredome Fund III Pretax Margin % 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 III Pretax Margin % Chart
For the Asset Management subindustry, John Hancock Preferredome Fund III's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, John Hancock Preferredome Fund III's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where John Hancock Preferredome Fund III's Pretax Margin % 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 Preferredome Fund III (HPS) has a Pretax Margin % of 99.20% as of Jan. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on John Hancock Preferredome Fund III and its competitors. This is near median its historical median of 99.15. Over the past decade, John Hancock Preferredome Fund III's Pretax Margin % has ranged from 95.78 to 101.78. According to the industry distribution chart, John Hancock Preferredome Fund III ranks #386 out of 1580 companies in the Asset Management industry, placing it in the top 24.4%.
Is John Hancock Preferredome Fund III's Pretax Margin % too high?
John Hancock Preferredome Fund III's current Pretax Margin % of 99.20% is near median its 10-year median of 99.15. Over the past 10 years, this metric has ranged from a low of 95.78 to a high of 101.78. The Asset Management industry median Pretax Margin % is 89.48. John Hancock Preferredome Fund III's value of 99.20% is 10.9% above this industry median. Based on the distribution chart, John Hancock Preferredome Fund III ranks #386 out of 1580 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. 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 Pretax Margin % compare to VVR and NBB?
According to the Asset Management industry distribution chart, John Hancock Preferredome Fund III ranks #386 out of 1580 companies for Pretax Margin %. This places John Hancock Preferredome Fund III in the top 24% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 89.48. John Hancock Preferredome Fund III's value of 99.20% is 10.9% above this benchmark. Historically, John Hancock Preferredome Fund III's own Pretax Margin % has ranged from 95.78 to 101.78 over the past decade. While the company's 10-year median is 99.15 vs. the industry median of 89.48, 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 Pretax Margin % for an Asset Management company?
The median Pretax Margin % among Asset Management companies is 89.48, based on 1,580 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. John Hancock Preferredome Fund III's current Pretax Margin % of 99.20% is 10.9% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on John Hancock Preferredome Fund III and its competitors. For the Asset Management industry, the median Pretax Margin % is 89.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. John Hancock Preferredome Fund III's current Pretax Margin % is 99.20%, which is near median its own 10-year median of 99.15. 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 Pretax Margin % of 99.20%. The current Pretax Margin % is 99.20%, which is near median its 10-year median of 99.15 and 10.9% above the Asset Management industry median of 89.48. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For John Hancock Preferredome Fund III (HPS), the current Pretax Margin % is 99.20% as of Jan. 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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