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Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.
3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. John Hancock Preferredome Fund III's current 3-Year Share Buyback Ratio was -0.30%.
The historical rank and industry rank for John Hancock Preferredome Fund III's 3-Year Share Buyback Ratio or its related term are showing as below:
HPS'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -0.3 Med: -0.2 Max: -0.1
Current: -0.3
During the past 9 years, John Hancock Preferredome Fund III's highest 3-Year Share Buyback Ratio was -0.10%. The lowest was -0.30%. And the median was -0.20%.
HPS's 3-Year Share Buyback Ratio is ranked better than 56.18% of 1141
companies
in the Asset Management industry
Industry Median: -0.8
vs HPS: -0.30
John Hancock Preferredome Fund III (NYSE:HPS) 3-Year Share Buyback Ratio Explanation
A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.
Be Aware
Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.
John Hancock Preferredome Fund III 3-Year Share Buyback Ratio Related Terms
HPS vs VVR, KIO, ETB: 3-Year Share Buyback Ratio Comparison
For the Asset Management subindustry, John Hancock Preferredome Fund III's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-Year Share Buyback 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 3-Year Share Buyback Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, John Hancock Preferredome Fund III's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where John Hancock Preferredome Fund III's 3-Year Share Buyback Ratio falls into.
John Hancock Preferredome Fund III 3-Year Share Buyback Ratio Calculation
This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
What does a 3-Year Share Buyback Ratio of -0.30 mean?
John Hancock Preferredome Fund III (HPS) has a 3-Year Share Buyback Ratio of -0.30 as of Jan. 2026. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for John Hancock Preferredome Fund III and its competitors. According to the industry distribution chart, John Hancock Preferredome Fund III ranks #500 out of 1141 companies in the Asset Management industry, placing it in the top 43.8%.
Is John Hancock Preferredome Fund III's 3-Year Share Buyback Ratio too high?
John Hancock Preferredome Fund III's current 3-Year Share Buyback Ratio is -0.30. Based on the distribution chart, John Hancock Preferredome Fund III ranks #500 out of 1141 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 3-Year Share Buyback Ratio compare to VVR and KIO?
According to the Asset Management industry distribution chart, John Hancock Preferredome Fund III ranks #500 out of 1141 companies for 3-Year Share Buyback Ratio. This puts John Hancock Preferredome Fund III in the upper half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year Share Buyback Ratio for an Asset Management company?
A good 3-Year Share Buyback Ratio depends on the Asset Management industry context. However, 3-Year Share Buyback Ratio 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 3-Year Share Buyback Ratio mean?
A high 3-Year Share Buyback Ratio can signal that a stock is expensive relative to its fundamentals. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for John Hancock Preferredome Fund III and its competitors. John Hancock Preferredome Fund III's current 3-Year Share Buyback Ratio is -0.30. 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 3-Year Share Buyback Ratio of -0.30. The current 3-Year Share Buyback Ratio is -0.30. 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 3-Year Share Buyback Ratio calculated?
3-Year Share Buyback Ratio is calculated from a company's financial statements. For John Hancock Preferredome Fund III (HPS), the current 3-Year Share Buyback Ratio is -0.30 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 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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