John Hancock Preferredome Fund IIIHPS +0.34%30 Return-on-Tangible-Asset is 6.43% as of Jan. 2026, which is 103% above its 10-year median of 3.17. GuruFocus rates HPS with a GF Score™ of 30/100. The stock has 6 warning signs investors should review. Among 1,636 Asset Management companies, John Hancock Preferredome Fund III ranks better than 54.28% on this metric.
The historical rank and industry rank for John Hancock Preferredome Fund III's Return-on-Tangible-Asset or its related term are showing as below:
HPS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.53 Med: 3.17 Max: 13.5
Current: 5.1
During the past 9 years, John Hancock Preferredome Fund III's highest Return-on-Tangible-Asset was 13.50%. The lowest was -4.53%. And the median was 3.17%.
HPS's Return-on-Tangible-Asset is ranked better than 54.28% of 1636
companies
in the Asset Management industry
Industry Median: 4.135
vs HPS: 5.10
John Hancock Preferredome Fund III (NYSE:HPS) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
John Hancock Preferredome Fund III Return-on-Tangible-Asset Related Terms
John Hancock Preferredome Fund III Return-on-Tangible-Asset 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 Return-on-Tangible-Asset Chart
HPS vs NBB, VVR, KIO: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, John Hancock Preferredome Fund III's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, John Hancock Preferredome Fund III's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where John Hancock Preferredome Fund III's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Jan. 2026) net income data.
What does a Return-on-Tangible-Asset of 6.43% mean?
John Hancock Preferredome Fund III (HPS) has a Return-on-Tangible-Asset of 6.43% as of Jan. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on John Hancock Preferredome Fund III and its competitors. This is 103% above median its historical median of 3.17. According to the industry distribution chart, John Hancock Preferredome Fund III ranks #748 out of 1636 companies in the Asset Management industry, placing it in the top 45.7%.
Is John Hancock Preferredome Fund III's Return-on-Tangible-Asset too high?
John Hancock Preferredome Fund III's current Return-on-Tangible-Asset of 6.43% is 103% above median its 10-year median of 3.17. The Asset Management industry median Return-on-Tangible-Asset is 4.14. John Hancock Preferredome Fund III's value of 6.43% is 55.5% above this industry median. Based on the distribution chart, John Hancock Preferredome Fund III ranks #748 out of 1636 companies in the Asset Management industry, which is above 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 Return-on-Tangible-Asset compare to NBB and VVR?
According to the Asset Management industry distribution chart, John Hancock Preferredome Fund III ranks #748 out of 1636 companies for Return-on-Tangible-Asset. This puts John Hancock Preferredome Fund III in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.14. John Hancock Preferredome Fund III's value of 6.43% is 55.5% above this benchmark. While the company's 10-year median is 3.17 vs. the industry median of 4.14, 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 Return-on-Tangible-Asset for an Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.14, based on 1,636 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. John Hancock Preferredome Fund III's current Return-on-Tangible-Asset of 6.43% is 55.5% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on John Hancock Preferredome Fund III and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. John Hancock Preferredome Fund III's current Return-on-Tangible-Asset is 6.43%, which is 103% above median its own 10-year median of 3.17. 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 Return-on-Tangible-Asset of 6.43%. The current Return-on-Tangible-Asset is 6.43%, which is 103% above median its 10-year median of 3.17 and 55.5% above the Asset Management industry median of 4.14. 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 Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For John Hancock Preferredome Fund III (HPS), the current Return-on-Tangible-Asset is 6.43% 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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