Equitable Holdings Inc (EQH)
Fair ValueFundamental
22
Price
$51.27
Market Cap
$14.27B
Part 1 · What the company is worth
Overview
Equitable Holdings, Inc., together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through six segments: Individual Retirement, Group Retirement, Asset Management, Protection Solutions, Wealth Management, and Legacy. The Individual Retirement variable annuity products, including structured capital strategies, retirement cornerstone, and investment edge primarily to affluent and high net worth individuals. The Group Retirement provides tax-deferred investment and retirement services or products to plans sponsored by educational entities, municipalities, and not-for-profit entities, as well as small and medium-sized businesses. It offers guaranteed and structured investment option, and personal income benefit variable annuity products and open architecture mutual fund platform. The Asset Management segment offers investment management and related services to various clients through institutions, retail, and private wealth management. The Protection Solutions segment provides life insurance products, such as VUL and COLI insurance, IUL insurance, and term life; and employee benefits business which includes group life, supplemental life, dental, vision, short-term disability, long-term disability, critical illness, accident and hospital indemnity insurance products to small and medium-sized businesses. The Wealth Management segment offers discretionary and non-discretionary investment advisory accounts, financial planning and advice, life insurance, and annuity products. The Legacy segment consists of the capital intensive fixed-rate GMxB business that includes ROP death benefits. The company was formerly known as AXA Equitable Holdings, Inc. and changed its name to Equitable Holdings, Inc. in January 2020. Equitable Holdings, Inc. was founded in 1859 and is based in New York, New York.
No editorial profile for this company yet
Direct competitors
Who this company fights with for the same customers
Generated on September 18, 2026 with claude-haiku-4-5 — shared with all users
Brighthouse's Shield Level annuities compete head-on with Equitable's Structured Capital Strategies in the registered index-linked annuity segment, sold to the same advisor-guided retirement clients.
Prudential's FlexGuard index-linked annuities and its individual life business target the same U.S. retirement and protection customers, while PGIM competes with AllianceBernstein for institutional asset management mandates.
Jackson and Equitable are the two largest sellers of variable and registered index-linked annuities in the United States, competing for the same retirement savers through the same independent and broker-dealer advisor channels.
Lincoln sells the same combination of variable annuities, index-linked annuities, individual life insurance and workplace retirement plans to U.S. households and small employers that Equitable serves.
Voya is a direct rival in workplace retirement plans, especially the K-12 public school 403(b) and small-business plan markets where Equitable's group retirement business earns most of its fees.
Allianz Life is one of the top issuers of registered index-linked and fixed indexed annuities in the United States, selling through the same independent advisor networks Equitable relies on.
Balance Sheet & Liquidity
Revenue
$10.62B
Trailing 12 months (through 6/30/2026)
Net Income
$-926M
Trailing 12 months (through 6/30/2026)
Free Cash Flow
-
Total Equity
$-74M
Total Liabilities
$316.20B
Current Ratio
2.13
Interest Coverage
-
Debt/EBITDA
7.87
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$65.12
Current Price
$51.27
Margin of Safety
+21.3%
Fair Value Range
$61.41 - $68.83
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
-
ROE
1864.9%
P/B Ratio
-
P/FCF
-
Gross Margin
-
ROIC
-
Profitability Radar
Value Creation (Economic Moat)
ROIC
-
WACC
8.3%
ROIC − WACC
-
Fundamental Analysis Criteria
Passed (4)
- Price CAGR 15.68%
- Low reliance on intangibles
- Analyst Consensus 89% Buy
- Share Dilution -17.6%
Failed (9)
- EPS shows upward trend
- Debt/EBITDA
- Return on Tangible Assets
- DCF valuation (Unknown)
- ROE -198.2%
- Revenue Growth 5Y 0.0%
- Earnings Surprise avg -2.6%
- Net Margin Trend -8.7% vs 3.5%
- Piotroski F-Score 3/9
Unavailable (14)
- ROIC NaN%
- Gross Margin NaN%
- P/FCF NaN
- P/B Ratio NaN
- Dividend Payout NaN%
- Debt/Equity ratio
- Operating Margin NaN%
- Positive Free Cash Flow
- CapEx intensity
- Current Ratio
- Interest Coverage
- Price below Graham Number
- PEG Ratio (need PE > 0 and growth > 0)
- Earnings Quality (OCF/Net Income)
Piotroski F-Score
Serious financial concerns
Earnings Quality
Low quality: investigate accounting
Share Dilution
Buying back shares. Shareholder friendly
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Mark Pearson FCCA | President, CEO & Director | 67 |
| Mr. Robin Matthew Raju | Senior Executive VP & CFO | 43 |
| Mr. Jeffrey Joy Hurd J.D. | Senior Executive VP & COO | 58 |
| Mr. Seth Perry Bernstein | Head of Asset Management | 64 |
| Mr. Nicholas Burritt Lane | President of Equitable, Senior EVP & Head of Retirement, Wealth Management & Protection Solutions | 51 |
Audit Risk
6
Board Risk
1
Compensation Risk
1
Shareholder Rights Risk
2
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-02-25
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-08-06
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-09-25
via SEC EDGAR
Income History
via SEC EDGAR
Latest News
Recent headlines for EQH, sourced from Markets Gazette.
- 3/27/2026NEUTRALDeal Dispatch: Estée Lauder Considers Merger, KKR Buys Nothing Bundt Cakes, Amazon Acquires Fauna Robotics
Corebridge Financial has agreed to acquire Equitable Holdings in a $22 billion deal, a significant move in the financial services sector. This transaction is part of a broader trend of consolidation, with other notable deals including Abbott's acquisition of Exact Sciences and Estée Lauder reportedly considering a merger. While the specifics of the Equitable Holdings deal are still unfolding, such large-scale M&A activity often signals strategic realignments and potential shifts in market leadership. Investors will be closely watching the integration process and any subsequent impact on shareholder value for both acquiring and acquired entities.
via Markets Gazette