John Hancock Hedged Equity &ome Fund (NYSE:HEQ) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
John Hancock Hedged Equity &ome Fund PS Ratio Related Terms
John Hancock Hedged Equity &ome Fund PS 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.
John Hancock Hedged Equity &ome Fund PS Ratio Chart
For the Asset Management subindustry, John Hancock Hedged Equity &ome Fund's PS Ratio, along with its competitors' market caps and PS 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 Hedged Equity &ome Fund PS Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, John Hancock Hedged Equity &ome Fund's PS Ratio distribution charts can be found below:
* The bar in red indicates where John Hancock Hedged Equity &ome Fund's PS Ratio falls into.
John Hancock Hedged Equity &ome Fund PS Ratio Calculation
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
John Hancock Hedged Equity &ome Fund's Share Price of today is $11.41.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. John Hancock Hedged Equity &ome Fund's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was $1.65.
* 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:
John Hancock Hedged Equity &ome Fund (HEQ) has a PS Ratio of 6.93 as of Jul. 09, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on John Hancock Hedged Equity &ome Fund and its competitors. This is 11% below median its historical median of 7.82. Over the past decade, John Hancock Hedged Equity &ome Fund's PS Ratio has ranged from 4.44 to 10.63. According to the industry distribution chart, John Hancock Hedged Equity &ome Fund ranks #680 out of 1409 companies in the Asset Management industry, placing it in the top 48.3%.
Is John Hancock Hedged Equity &ome Fund's PS Ratio too high?
John Hancock Hedged Equity &ome Fund's current PS Ratio of 6.93 is 11% below median its 10-year median of 7.82. Over the past 10 years, this metric has ranged from a low of 4.44 to a high of 10.63. The Asset Management industry median PS Ratio is 7.22. John Hancock Hedged Equity &ome Fund's value of 6.93 is 4% below this industry median. Based on the distribution chart, John Hancock Hedged Equity &ome Fund ranks #680 out of 1409 companies in the Asset Management industry, which is above the industry midpoint. Overall, John Hancock Hedged Equity &ome Fund has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does John Hancock Hedged Equity &ome Fund's PS Ratio compare to HYI and CIK?
According to the Asset Management industry distribution chart, John Hancock Hedged Equity &ome Fund ranks #680 out of 1409 companies for PS Ratio. This puts John Hancock Hedged Equity &ome Fund in the upper half of its industry. The industry median PS Ratio is 7.22. John Hancock Hedged Equity &ome Fund's value of 6.93 is 4% below this benchmark. Historically, John Hancock Hedged Equity &ome Fund's own PS Ratio has ranged from 4.44 to 10.63 over the past decade. While the company's 10-year median is 7.82 vs. the industry median of 7.22, John Hancock Hedged Equity &ome Fund has consistently been below 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 PS Ratio for an Asset Management company?
The median PS Ratio among Asset Management companies is 7.22, based on 1,409 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. John Hancock Hedged Equity &ome Fund's current PS Ratio of 6.93 is 4% below 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on John Hancock Hedged Equity &ome Fund and its competitors. For the Asset Management industry, the median PS Ratio is 7.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. John Hancock Hedged Equity &ome Fund's current PS Ratio is 6.93, which is 11% below median its own 10-year median of 7.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is John Hancock Hedged Equity &ome Fund stock overvalued right now?
Based on GuruFocus' analysis, John Hancock Hedged Equity &ome Fund (HEQ) is currently considered Modestly Undervalued. The stock's GF Value™ is $15.52, compared to a current price of $11.41 — trading 26.5% below its estimated fair value. The current PS Ratio is 6.93, which is 11% below median its 10-year median of 7.82 and 4% below the Asset Management industry median of 7.22. John Hancock Hedged Equity &ome Fund's overall GF Score™ is 61/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For John Hancock Hedged Equity &ome Fund (HEQ), the current PS Ratio is 6.93 as of Jul. 09, 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.
Is John Hancock Hedged Equity &ome Fund (HEQ) Overvalued in 2026?
Based on GuruFocus' analysis, John Hancock Hedged Equity &ome Fund stock appears to be undervalued.
The current stock price of $11.41 is trading 26.5% below its estimated GF Value™ of $15.52.
GuruFocus considers John Hancock Hedged Equity &ome Fund to be Modestly Undervalued.
Key valuation signals for HEQ:
PS Ratio: 6.93 (11% below median its 10-year median of 7.82)
GF Value™: $15.52 vs. price of $11.41 (26.5% below fair value)
Industry Position: 4% below the Asset Management median (#680 of 1409)
No single metric tells the full story. See the HEQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
John Hancock Hedged Equity &ome Fund Business Description
John Hancock Hedged Equity & Income Fund is a closed-end management investment company. Its investment objective is to provide total return, with a focus on current income and gains, and to include long-term capital appreciation. It invests in various sectors such as financials, consumer discretionary, information technology, energy, healthcare, materials, real estate, consumer staples, short-term investments, and others.
61GF Score
Get the complete analysis for HEQ
PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HEQ has been successfully added to your 
