Intrinsiqs

Is John Hancock Preferred Income Fund overvalued?

John Hancock Preferred Income Fund (HPI) looks overvalued — trading about 27% above its fair value.

Overvalued
Current price $16.33 Fair value $11.99
Price
$16.33
Fair value
$11.99
Current P/E
12.7
Normal P/E
9.3
Market cap
$437.5M
Dividend yield
8.8%
Return on equity
8.6%
Sector
Financial Services

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