John Hancock Preferredome Fund IIIHPS -0.07%30 Return-on-Tangible-Equity is 10.30% as of Jan. 2026, which is 115% above its 10-year median of 4.78. GuruFocus rates HPS with a GF Score™ of 30/100. The stock has 6 warning signs investors should review. Among 1,588 Asset Management companies, John Hancock Preferredome Fund III ranks better than 54.6% on this metric.
The historical rank and industry rank for John Hancock Preferredome Fund III's Return-on-Tangible-Equity or its related term are showing as below:
HPS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -6.86 Med: 4.78 Max: 19.95
Current: 8.17
During the past 9 years, John Hancock Preferredome Fund III's highest Return-on-Tangible-Equity was 19.95%. The lowest was -6.86%. And the median was 4.78%.
HPS's Return-on-Tangible-Equity is ranked better than 54.6% of 1588
companies
in the Asset Management industry
Industry Median: 7.19
vs HPS: 8.17
John Hancock Preferredome Fund III (NYSE:HPS) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
John Hancock Preferredome Fund III Return-on-Tangible-Equity Related Terms
John Hancock Preferredome Fund III Return-on-Tangible-Equity 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-Equity Chart
HPS vs NBB, VVR, KIO: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, John Hancock Preferredome Fund III's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, John Hancock Preferredome Fund III's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where John Hancock Preferredome Fund III's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 10.30% mean?
John Hancock Preferredome Fund III (HPS) has a Return-on-Tangible-Equity of 10.30% as of Jan. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on John Hancock Preferredome Fund III and its competitors. This is 115% above median its historical median of 4.78. According to the industry distribution chart, John Hancock Preferredome Fund III ranks #721 out of 1588 companies in the Asset Management industry, placing it in the top 45.4%.
Is John Hancock Preferredome Fund III's Return-on-Tangible-Equity too high?
John Hancock Preferredome Fund III's current Return-on-Tangible-Equity of 10.30% is 115% above median its 10-year median of 4.78. The Asset Management industry median Return-on-Tangible-Equity is 7.19. John Hancock Preferredome Fund III's value of 10.30% is 43.3% above this industry median. Based on the distribution chart, John Hancock Preferredome Fund III ranks #721 out of 1588 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-Equity compare to NBB and VVR?
According to the Asset Management industry distribution chart, John Hancock Preferredome Fund III ranks #721 out of 1588 companies for Return-on-Tangible-Equity. This puts John Hancock Preferredome Fund III in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.19. John Hancock Preferredome Fund III's value of 10.30% is 43.3% above this benchmark. While the company's 10-year median is 4.78 vs. the industry median of 7.19, 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-Equity for an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.19, based on 1,588 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity 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-Equity of 10.30% is 43.3% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on John Hancock Preferredome Fund III and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.19 — 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-Equity is 10.30%, which is 115% above median its own 10-year median of 4.78. 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-Equity of 10.30%. The current Return-on-Tangible-Equity is 10.30%, which is 115% above median its 10-year median of 4.78 and 43.3% above the Asset Management industry median of 7.19. 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For John Hancock Preferredome Fund III (HPS), the current Return-on-Tangible-Equity is 10.30% 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.
30GF Score
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