Stock fact sheet · data as of
John Hancock Income Securities Trust (JHS): fair value, margin of safety and Wheel Score
Financial Services · Asset Management · United States · High Yield Income
Is JHS undervalued?
At 10.20 (close of 16 Oct 2026), JHS trades 52% below the GLS average fair value of 21.12. That average comes from 9 models run on the latest filings, and 6 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns John Hancock Income Securities Trust the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
There is a wide gap between DCF (5.57) and GLS Growth (47.13). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files JHS under High Yield Income: a dividend yield above 4%.
Nine valuation models for JHS
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 5.57 | -45% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 14.54 | +43% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 44.04 | +332% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 19.25 | +89% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 47.13 | +362% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 14.02 | +37% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 27.75 | +172% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 9.25 | -9% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 8.55 | -16% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -8.05 | -179% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
John Hancock Income Securities Trust scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 3.7/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC 4.7%, ROE 7.6%, ROA 4.6% - with debt at 0.63 times equity and a free-cash-flow yield of 6.9%.
The dividend yield is high at 6.17% (payout ratio 79%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual.
Institutional ownership scores 8/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 4.7% |
|---|---|---|---|
| GLS Moat | 3.7 / 10 | ROE | 7.6% |
| Debt / equity | 0.63 | ROA | 4.6% |
| Free-cash-flow yield | 6.9% | Payout ratio | 79% |
| Institutions | 8 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 39: No options
No options are listed on John Hancock Income Securities Trust in our nightly snapshot. The Wheel Score is therefore capped at 39 (it reads 39) and the stock is left out of every options screen; the fair value and health figures above are still useful for a plain stock position.
Volume runs at 16k shares a day on a market cap of $119M, with a beta of 0.54 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 6 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 52% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 6 / 15 | moat 3.7/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 6 / 20 | 16k shares/day, $119M cap, beta 0.54 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for JHS in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
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|---|---|---|---|---|---|
| IAF Abrdn Australia Equity Fund Inc | 12.43 | 37.02 | +66% | 39No options | $119M |
| CEE The Central and Eastern Europe Fund, Inc. | 18.59 | 182.50 | +90% | 39No options | $120M |
| WEA Western Asset Premier Bond Fund | 9.68 | 22.85 | +58% | 39No options | $115M |
| TPZ Tortoise Electrification Infrastructure ETF | 20.54 | 70.34 | +71% | 39No options | $114M |
| HYI Western Asset High Yield Defined Opportunity Fund Inc. | 9.68 | 29.93 | +68% | 35No options | $125M |
| ACSMX Advisors Capital Small/Mid Cap | 11.02 | 433.65 | +97% | 39No options | $127M |
| MPA BlackRock MuniYield Pennsylvania Quality Fund | 9.81 | 26.93 | +64% | 39No options | $127M |
| EARN Ellington Credit Company | 3.33 | 55.45 | +94% | 45Weak | $127M |
| MCN XAI Madison Equity Premium Income Fund | 5.28 | 12.94 | +59% | 39No options | $111M |
| PFO Flaherty & Crumrine Preferred Income Opportunity Fund Inc. | 8.47 | 18.38 | +54% | 39No options | $111M |
| LTCN Grayscale Litecoin Trust | 4.55 | - | - | 15No options | $110M |
| NIM Nuveen Select Maturities Municipal Fund | 8.86 | 11.47 | +23% | 39No options | $110M |
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Start free See the Sunday ScanQuestions about JHS
Is JHS undervalued right now?
By the GLS models, yes: at 10.20 the stock is 52% below the average fair value of 21.12 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of JHS and what does it mean?
JHS has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for JHS?
21.12 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does John Hancock Income Securities Trust report earnings next?
No upcoming earnings date is recorded for JHS in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does JHS have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on JHS, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.