HEQ (John Hancock Hedged Equity &ome Fund) Scaled Net Operating Assets: 1.01 (As of Dec. 2025)


HEQ John Hancock Hedged Equity & Income Fund HEQ
57 GF Score
Price $11.50
GF Value $15.52
Valuation Modestly Undervalued
! 2 Warning Signs
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What is John Hancock Hedged Equity &ome Fund Scaled Net Operating Assets?

John Hancock Hedged Equity &ome Fund HEQ +0.17% 57 Scaled Net Operating Assets is 1.01 as of Dec. 2025. GuruFocus rates HEQ with a GF Score™ of 57/100 and a GF Value™ of $15.52 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

John Hancock Hedged Equity &ome Fund's operating assets for the quarter that ended in Dec. 2025 was $147.24 Mil. John Hancock Hedged Equity &ome Fund's operating liabilities for the quarter that ended in Dec. 2025 was $0.43 Mil. John Hancock Hedged Equity &ome Fund's Total Assets for the quarter that ended in Jun. 2025 was $145.06 Mil. Therefore, John Hancock Hedged Equity &ome Fund's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 1.01.

HEQ
57GF Score
John Hancock Hedged Equity & Income Fund HEQ
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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John Hancock Hedged Equity &ome Fund Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

John Hancock Hedged Equity &ome Fund's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(147.235-0.433)/141.954
=1.03

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=147.527 - 0.292
=147.235

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.433 - 0 - 0
=0.433

John Hancock Hedged Equity &ome Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(147.235-0.433)/145.061
=1.01

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=147.527 - 0.292
=147.235

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.433 - 0 - 0
=0.433

* 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.

What does a Scaled Net Operating Assets of 1.01 mean?
John Hancock Hedged Equity &ome Fund (HEQ) has a Scaled Net Operating Assets of 1.01 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on John Hancock Hedged Equity &ome Fund and its competitors.
Is John Hancock Hedged Equity &ome Fund's Scaled Net Operating Assets too high?
John Hancock Hedged Equity &ome Fund's current Scaled Net Operating Assets is 1.01. Overall, John Hancock Hedged Equity &ome Fund has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does John Hancock Hedged Equity &ome Fund's Scaled Net Operating Assets compare to HYI and CIK?
John Hancock Hedged Equity &ome Fund's Scaled Net Operating Assets of 1.01 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on John Hancock Hedged Equity &ome Fund and its competitors. John Hancock Hedged Equity &ome Fund's current Scaled Net Operating Assets is 1.01. 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 $11.50 — trading 25.9% below its estimated fair value. The current Scaled Net Operating Assets is 1.01. John Hancock Hedged Equity &ome Fund's overall GF Score™ is 57/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For John Hancock Hedged Equity &ome Fund (HEQ), the current Scaled Net Operating Assets is 1.01 as of Dec. 2025. 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 $11.50 is trading 25.9% 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:

  • Scaled Net Operating Assets: 1.01
  • GF Value™: $15.52 vs. price of $11.50 (25.9% below fair value)
  • GF Score™: 57/100 with 2 warning signs

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

Address 200 Berkeley Street, Boston, MA, USA, 02116
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.
57GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$11.50
Price
$15.52
GF Value