# John Hancock Financial Opportunities Fund (BTO) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Financial Services / Capital Markets. Price $37.58, market value $745 million.

## Valuation
- **P/E (trailing): 4.0×** (5-yr avg 31.3×, 3-yr avg 31.3×). John Hancock Financial Opportunities Fund trades at 4.0× trailing earnings, well below its own five-year average of 31.3×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 10.5×**. Each dollar of revenue is priced at 10.5×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 0.9×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: 6.5%** (5-yr avg 7.5%). Free cash flow equals 6.5% of the market value, in line with its five-year average of 7.5%. Above 5% is generally attractive.
- **Earnings yield: 24.7%**. The inverse of the P/E: 24.7% of the price is earned each year.

## Profitability
- **Net margin: 98.2%**. 98.2% of each dollar of sales reaches the bottom line.
- **Return on equity: 9.8%**. 9.8% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on assets: 8.3%**. Each dollar of assets produces 8.3% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -49.9%**. Revenue fell 49.9% over the last year.
- **EPS growth (1 yr): -50.6%**. Earnings per share fell 50.6%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): 8.3%/yr**. Free cash flow has compounded at 8.3% a year over three years.

## Financial health
- **Piotroski F-score: 2/9**. 2 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend yield: 6.92%** ($2.60 per share, trailing). John Hancock Financial Opportunities Fund yields 6.92%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 71%** (102% of free cash flow). 71% of earnings goes out as dividends, leaving a thin cushion.
- **Consecutive years of increases: 14**. 14 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 3.4%/yr** (1-yr 0.0%). The dividend has grown 3.4% a year over five years.
- **Shareholder yield: 6.8%**. Dividends plus net buybacks return 6.8% of the market value a year.

## Price and momentum
- **Total return (1 yr): 18.7%** (YTD 12.3%, 3-mo -6.9%). The shares are up 18.7% over twelve months including dividends.
- **From 52-week high: -10.5%** (17.4% above the low). Trading 11% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 62**. An RSI of 62 is neutral.
- **Beta (1 yr): 0.63** (volatility 20%). Beta of 0.63 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=BTO · Page: https://foliofundamentals.com/stocks/bto

Not investment advice.