Intrinsiqs

Is John Hancock Preferred Income Fund II overvalued?

John Hancock Preferred Income Fund II (HPF) looks undervalued — trading about 17% below its fair value.

Undervalued
Current price $15.97 Fair value $18.68
Price
$15.97
Fair value
$18.68
Current P/E
8.4
Normal P/E
9.8
Market cap
$345.9M
Dividend yield
9.0%
Return on equity
8.6%
Sector
Financial Services

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Fair value compares HPF's current P/E to its own historical "normal" P/E (FAST Graphs-style). Updated 1 Jul 2026.