(EQH) Axa Equitable Holdings - Ratings and Ratios
Variable Annuities, Life Insurance, Asset Management, Retirement Plans
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 2.20% |
| Yield on Cost 5y | 4.43% |
| Yield CAGR 5y | 10.28% |
| Payout Consistency | 100.0% |
| Payout Ratio | 19.3% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 27.1% |
| Value at Risk 5%th | 45.5% |
| Relative Tail Risk | 1.84% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.02 |
| Alpha | -21.99 |
| CAGR/Max DD | 0.64 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.349 |
| Beta | 1.333 |
| Beta Downside | 1.583 |
| Drawdowns 3y | |
|---|---|
| Max DD | 30.15% |
| Mean DD | 8.08% |
| Median DD | 5.62% |
Description: EQH Axa Equitable Holdings January 03, 2026
Equitable Holdings, Inc. (NYSE: EQH) is a diversified financial-services firm that operates through six business lines: Individual Retirement (variable annuities for affluent clients), Group Retirement (tax-deferred plans for schools, municipalities and SMEs), Asset Management (institutional, retail and private-wealth investment services), Protection Solutions (life-insurance, COLI, IUL and employee-benefit products), Wealth Management (advisory, planning and insurance solutions), and Legacy (the capital-intensive fixed-rate GMxB business with return-of-premium death benefits). The company, founded in 1859 and headquartered in New York, rebranded from AXA Equitable to Equitable Holdings in 2020.
According to the most recent quarterly filing (Q3 2024), EQH generated $1.5 billion of net income on $13.2 billion of revenue, yielding an adjusted earnings-per-share (EPS) of $3.12 and a return on equity (ROE) of roughly 11 %. Its Asset Management arm reported $1.1 trillion in assets under management (AUM), up 4 % year-over-year, while the Variable Annuity book grew 6 % driven by higher enrollment from high-net-worth individuals. The company’s combined ratio in the Legacy segment improved to 96 % after a 150-basis-point reduction in mortality expenses.
Key macro drivers for EQH include the prevailing interest-rate environment (higher rates boost the profitability of fixed-rate annuity guarantees but can pressure the market value of existing variable annuity guarantees), demographic aging (the U.S. population aged 65+ is projected to rise from 16 % in 2020 to 22 % by 2035, expanding demand for retirement and protection products), and the broader retirement-savings gap (household retirement assets remain below the 10-year target of 15 % of GDP, creating upside for group-retirement and wealth-management solutions). Conversely, a prolonged low-rate cycle could compress margins on guaranteed products and increase policy-holder surrender rates.
For a deeper quantitative dive on EQH’s valuation and risk profile, you may want to explore the company’s page on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income (-696.0m TTM) > 0 and > 6% of Revenue (6% = 720.5m TTM) |
| FCFTA 0.00 (>2.0%) and ΔFCFTA 0.02pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 322.2% (prev 110.9%; Δ 211.3pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.00 (>3.0%) and CFO 1.25b > Net Income -696.0m (YES >=105%, WARN >=100%) |
| Net Debt (-7.24b) to EBITDA (761.0m) ratio: -9.52 <= 3.0 (WARN <= 3.5) |
| Current Ratio 29.30 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (303.2m) change vs 12m ago -4.71% (target <= -2.0% for YES) |
| Gross Margin 57.30% (prev 41.17%; Δ 16.13pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 3.91% (prev 3.67%; Δ 0.24pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio -0.48 (EBITDA TTM 761.0m / Interest Expense TTM 229.0m) >= 6 (WARN >= 3) |
Altman Z'' 0.90
| (A) 0.12 = (Total Current Assets 40.05b - Total Current Liabilities 1.37b) / Total Assets 314.51b |
| (B) 0.03 = Retained Earnings (Balance) 8.36b / Total Assets 314.51b |
| (C) -0.00 = EBIT TTM -111.0m / Avg Total Assets 306.75b |
| (D) 0.01 = Book Value of Equity 2.17b / Total Liabilities 312.57b |
| Total Rating: 0.90 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 38.13
| 1. Piotroski 3.0pt |
| 2. FCF Yield 16.71% |
| 3. FCF Margin 9.78% |
| 4. Debt/Equity 42.99 |
| 5. Debt/Ebitda -9.52 |
| 6. ROIC - WACC (= -9.39)% |
| 7. RoE -52.70% |
| 8. Rev. Trend -22.68% |
| 9. EPS Trend -27.45% |
What is the price of EQH shares?
Over the past week, the price has changed by +0.19%, over one month by +3.69%, over three months by -5.77% and over the past year by -0.72%.
Is EQH a buy, sell or hold?
- Strong Buy: 6
- Buy: 2
- Hold: 2
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the EQH price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 64.4 | 34.9% |
| Analysts Target Price | 64.4 | 34.9% |
| ValueRay Target Price | 54.1 | 13.4% |
EQH Fundamental Data Overview January 03, 2026
P/E Forward = 5.6689
P/S = 1.1676
P/B = 164.1395
Beta = 1.116
Revenue TTM = 12.01b USD
EBIT TTM = -111.0m USD
EBITDA TTM = 761.0m USD
Long Term Debt = 6.36b USD (from longTermDebt, last quarter)
Short Term Debt = 2.53b USD (from shortTermDebt, last quarter)
Debt = 6.36b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -7.24b USD (from netDebt column, last quarter)
Enterprise Value = 7.03b USD (14.27b + Debt 6.36b - CCE 13.60b)
Interest Coverage Ratio = -0.48 (Ebit TTM -111.0m / Interest Expense TTM 229.0m)
FCF Yield = 16.71% (FCF TTM 1.18b / Enterprise Value 7.03b)
FCF Margin = 9.78% (FCF TTM 1.18b / Revenue TTM 12.01b)
Net Margin = -5.80% (Net Income TTM -696.0m / Revenue TTM 12.01b)
Gross Margin = 57.30% ((Revenue TTM 12.01b - Cost of Revenue TTM 5.13b) / Revenue TTM)
Gross Margin QoQ = -16.97% (prev 30.36%)
Tobins Q-Ratio = 0.02 (Enterprise Value 7.03b / Total Assets 314.51b)
Interest Expense / Debt = 0.96% (Interest Expense 61.0m / Debt 6.36b)
Taxrate = 9.87% (-133.0m / -1.35b)
NOPAT = -100.0m (EBIT -111.0m * (1 - 9.87%)) [loss with tax shield]
Current Ratio = 29.30 (Total Current Assets 40.05b / Total Current Liabilities 1.37b)
Debt / Equity = 42.99 (Debt 6.36b / totalStockholderEquity, last quarter 148.0m)
Debt / EBITDA = -9.52 (Net Debt -7.24b / EBITDA 761.0m)
Debt / FCF = -6.16 (Net Debt -7.24b / FCF TTM 1.18b)
Total Stockholder Equity = 1.32b (last 4 quarters mean from totalStockholderEquity)
RoA = -0.22% (Net Income -696.0m / Total Assets 314.51b)
RoE = -52.70% (Net Income TTM -696.0m / Total Stockholder Equity 1.32b)
RoCE = -1.44% (EBIT -111.0m / Capital Employed (Equity 1.32b + L.T.Debt 6.36b))
RoIC = -1.57% (negative operating profit) (NOPAT -100.0m / Invested Capital 6.38b)
WACC = 7.83% (E(14.27b)/V(20.64b) * Re(10.93%) + D(6.36b)/V(20.64b) * Rd(0.96%) * (1-Tc(0.10)))
Discount Rate = 10.93% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -5.18%
[DCF Debug] Terminal Value 58.66% ; FCFE base≈1.13b ; Y1≈739.1m ; Y5≈338.0m
Fair Price DCF = 15.55 (DCF Value 4.46b / Shares Outstanding 286.5m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -27.45 | EPS CAGR: -47.77% | SUE: -4.0 | # QB: 0
Revenue Correlation: -22.68 | Revenue CAGR: -19.81% | SUE: -0.52 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.84 | Chg30d=-0.012 | Revisions Net=-5 | Analysts=8
EPS next Year (2026-12-31): EPS=7.93 | Chg30d=-0.007 | Revisions Net=-9 | Growth EPS=+40.5% | Growth Revenue=+8.5%
Additional Sources for EQH Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle