What is John Hancock Preferredome Fund III PS Ratio?
John Hancock Preferredome Fund IIIHPS -0.21%30 PS Ratio is 12.31 as of Jul. 01, 2026, which is 3% above its 10-year median of 11.91. GuruFocus rates HPS with a GF Score™ of 30/100. The stock has 6 warning signs investors should review. Among 1,406 Asset Management companies, John Hancock Preferredome Fund III ranks worse than 67.43% on this metric.
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. As of today, John Hancock Preferredome Fund III's share price is $14.51.
John Hancock Preferredome Fund III's Revenue per Share for the trailing twelve months (TTM) ended in Jan. 2026 was $1.18. Hence, John Hancock Preferredome Fund III's PS Ratio for today is 12.31.
Warning Sign:
John Hancock Preferred Income Fund III stock PS Ratio (=11.79) is close to 5-year high of 12.64.
John Hancock Preferredome Fund III (NYSE:HPS) 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 Preferredome Fund III PS Ratio Related Terms
John Hancock Preferredome Fund III 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.
For the Asset Management subindustry, John Hancock Preferredome Fund III'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 Preferredome Fund III PS Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, John Hancock Preferredome Fund III's PS Ratio distribution charts can be found below:
* The bar in red indicates where John Hancock Preferredome Fund III's PS Ratio falls into.
John Hancock Preferredome Fund III 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 Preferredome Fund III's Share Price of today is $14.51.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. John Hancock Preferredome Fund III's Revenue per Share for the trailing twelve months (TTM) ended in Jan. 2026 was $1.18.
* 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 Preferredome Fund III (HPS) has a PS Ratio of 12.31 as of Jul. 01, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on John Hancock Preferredome Fund III and its competitors. This is near median its historical median of 11.91. Over the past decade, John Hancock Preferredome Fund III's PS Ratio has ranged from 4.38 to 23.91. According to the industry distribution chart, John Hancock Preferredome Fund III ranks #948 out of 1406 companies in the Asset Management industry, placing it in the top 67.4%.
Is John Hancock Preferredome Fund III's PS Ratio too high?
John Hancock Preferredome Fund III's current PS Ratio of 12.31 is near median its 10-year median of 11.91. Over the past 10 years, this metric has ranged from a low of 4.38 to a high of 23.91. The Asset Management industry median PS Ratio is 7.37. John Hancock Preferredome Fund III's value of 12.31 is 67% above this industry median. Based on the distribution chart, John Hancock Preferredome Fund III ranks #948 out of 1406 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 PS Ratio compare to NBB and VVR?
According to the Asset Management industry distribution chart, John Hancock Preferredome Fund III ranks #948 out of 1406 companies for PS Ratio. This places John Hancock Preferredome Fund III in the lower half of its industry. The industry median PS Ratio is 7.37. John Hancock Preferredome Fund III's value of 12.31 is 67% above this benchmark. Historically, John Hancock Preferredome Fund III's own PS Ratio has ranged from 4.38 to 23.91 over the past decade. While the company's 10-year median is 11.91 vs. the industry median of 7.37, 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 PS Ratio for an Asset Management company?
The median PS Ratio among Asset Management companies is 7.37, based on 1,406 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 Preferredome Fund III's current PS Ratio of 12.31 is 67% 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 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 Preferredome Fund III and its competitors. For the Asset Management industry, the median PS Ratio is 7.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. John Hancock Preferredome Fund III's current PS Ratio is 12.31, which is near median its own 10-year median of 11.91. 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 PS Ratio of 12.31. The current PS Ratio is 12.31, which is near median its 10-year median of 11.91 and 67% above the Asset Management industry median of 7.37. 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 PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For John Hancock Preferredome Fund III (HPS), the current PS Ratio is 12.31 as of Jul. 01, 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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