| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 92 | — | 17.3x | Top tier | |
Growth | 49 | -22.1% | 7.1% | Around median | |
Quality | 4 | — | — | Bottom tier | |
Safety | 7 | — | — | Bottom tier | |
Capital Return | 95 | 2.07% | 0.06% | Top tier | |
Momentum | 85 | 6.1% | -1.6% | Top tier | |
Sentiment | 44 | 8 | 3 | Around median |
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Equitable Holdings operates through four interconnected pillars: retirement, insurance, asset management, and wealth management. The retirement business generates income from investment margins and fees on products such as RILA and from spread-based lending, while AllianceBernstein earns fees for managing public and private assets, insurance accounts, and active ETFs; AllianceBernstein's assets under management reached $906 billion on June 30, 2026. Wealth management benefits from fees on advisory assets and advisor productivity, with assets under management and administration in this business reaching $141 billion.
In fiscal Q2 2026, non-GAAP operating earnings were approximately $488 million, or $1.70 per share, while EPS adjusted for notable items rose to $1.75, representing year-over-year growth of 24%. In contrast, the company recorded a GAAP net loss of $453 million due to effects that management described as non-economic from the hedging portfolio amid rising equity markets. At the segment level, retirement generated earnings of $408 million, asset management generated $158 million, up 21%, while corporate and other activities recorded an adjusted loss of $106 million; wealth management earnings also increased 26%, without disclosure of their absolute value.
EDGAR data for fiscal Q1 2026 shows revenue of $4.2 billion, net income of $621 million, and EPS of $2.14. By comparison, fiscal 2025 recorded revenue of $11.7 billion, a net loss of $1.4 billion, and negative EPS of $4.83, highlighting the difference between strong operating earnings in fiscal Q2 2026 and volatile GAAP results. The company ended fiscal Q2 2026 with record assets under management and administration of $1.2 trillion, up 10% year over year, driven by positive net flows and rising equity markets.
The average analyst price target is $62.43, within a wide range of $52–$68, and the stock carries a consensus “Buy” rating; the average target is also approximately 13% above the 52-week range high of $55.15, while the range low is $35.195. No usable positive P/E multiple is available because of the GAAP losses in fiscal 2025 and the twelve-month period reported in 2026, reflecting the impact of volatility from hedging and alternative investments and making the achievement of the Corebridge merger targets and operating flows essential to justify analysts' targets.
Figures in the text are as of 2026-08-29; the live price is shown at the top of the page.
Non-GAAP operating earnings were approximately $488 million, or $1.70 per share, and rose to $1.75 per share after excluding notable items, representing year-over-year growth of 24%. The retirement net interest margin increased 11%, AllianceBernstein's earnings rose 21% to $158 million, and wealth management earnings increased 26%. Record assets of $1.2 trillion and positive flows across all segments helped, but alternative investment returns below plan reduced earnings by $49 million.
More than 97% of both companies' shareholders approved the transaction on July 30, 2026, and the federal antitrust review was completed, with closing targeted by the end of 2026 after obtaining the required approvals. Management targets an increase of at least 10% in earnings and cash flow per share by the end of 2028 and a return on equity exceeding 15% on a capital base of more than $30 billion. Revenue opportunities include distributing Corebridge products through Equitable Advisors and transferring $100 billion of general-account and separate-account assets to AllianceBernstein, but execution cannot begin before the transaction closes.
Automated analysis for informational purposes only — not investment advice.
The retirement segment recorded net inflows of $1.7 billion in fiscal Q2 2026, while RILA sales increased 10% year over year. Annual organic growth in retirement was 4% in the first half of fiscal 2026, rising to 6% when including the spread-based lending business, which issued $2.6 billion of net commitments during the quarter. The net interest margin increased 11% year over year, while the underlying spread remained stable at 174 basis points after a sequential improvement of one basis point.
AllianceBernstein ended fiscal Q2 2026 with record assets of $906 billion, net inflows of $0.8 billion, and earnings of $158 million. Private-markets assets reached $91 billion on June 30, 2026, up 18% year over year, while third-party insurance assets under management reached $61 billion, up 16%. The active ETF platform includes 31 strategies and more than $20 billion in assets and generates approximately $100 million in annual fees, while the fiscal 2026 performance-fee outlook was raised to $115 million–$135 million.
The company generated non-GAAP operating earnings of $488 million in fiscal Q2 2026 but recorded a GAAP net loss of $453 million. Management attributed the loss to non-economic effects from the hedging portfolio resulting from strong equity markets, while weak alternative investment returns added a negative impact of $49 million. Fiscal 2025 data, which recorded a net loss of $1.4 billion, confirm that valuing EQH based on operating earnings and cash flow requires continually balancing those measures against the volatility of reported results.
The company returned $449 million to shareholders in fiscal Q2 2026, including $366 million through share repurchases, equivalent to a quarterly payout ratio of 92%. The payout ratio was 70% in the first half of fiscal 2026, and management targets a range of 60%–70% for the full year. The plan is supported by $800 million of liquidity at the holding company and expected cash generation of approximately $1.8 billion in fiscal 2026, including approximately $900 million of distributions from the insurance companies after obtaining the necessary regulatory approvals from Arizona.