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Equitable Holdings, Inc. (EQH) stock analysis

EQHNYSEInsurance Agents, Brokers & ServiceFiscal year ends December 31Also trades as EQH.PA, EQH.PC
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 9/30
$55.63−0.23 (-0.41%)

Close on Nov 12, 2026Market cap $15.19BP/E 10.7Yield 1.89%

StockData Score

Prices as of Nov 12, 2026How the score works

Value2Growth1Performance2Health1Dividend3

Mixed9 of 30 checks passed

Equitable passes 9 of the 30 checks behind our score; 15 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
2/6
Growth
1/6
Past performance
2/6
Financial health
1/6
Dividend
3/6

What stands out

  • Debt covered by cash flow

    Operating cash flow over the last twelve months equals 68.2% of total debt.

  • P/E below the industry

    Equitable's P/E of 10.7 is below the Insurance Agents, Brokers, and Service median of 30.5.

  • Guidance raised

    Equitable raised its 2027 cash generation outlook on Feb 4, 2026.

  • Covered by earnings

    Dividends take 21.1% of net income.

What to watch

  • Revenue growing under 10% a year

    Revenue grew -2.7% a year over the last three fiscal years, short of the 10% we look for.

  • P/E above its 5-year median

    Equitable's P/E of 10.7 is above its own 5-year median of 7.1.

  • Growing slower than the industry

    Revenue grew 8.7% over the last twelve months; the Insurance Agents, Brokers, and Service median is 13.8%.

  • Return on assets under 1%

    Return on assets was 0.5%; for a bank or insurer, 1% or more is considered good.

Valuation2/6

  • P/E above its 5-year median

    Equitable's P/E of 10.7 is above its own 5-year median of 7.1.

  • P/E below the industry

    Equitable's P/E of 10.7 is below the Insurance Agents, Brokers, and Service median of 30.5.

  • P/S below the industry

    Equitable's price-to-sales of 1.16 is below the Insurance Agents, Brokers, and Service median of 3.39.

  • P/B against the industry

    Needs positive book value.

  • Price against fair value

    We could not estimate a fair value: it needs at least two valuation methods with positive inputs.

  • Margin of safety

    Depends on the fair value estimate.

Growth1/6

  • Revenue growing under 10% a year

    Revenue grew -2.7% a year over the last three fiscal years, short of the 10% we look for.

  • EPS growth over 3 years

    Needs positive EPS three years ago and today.

  • Earnings acceleration

    Needs positive net income now, a year ago and five years ago.

  • Growing slower than the industry

    Revenue grew 8.7% over the last twelve months; the Insurance Agents, Brokers, and Service median is 13.8%.

  • Guidance raised

    Equitable raised its 2027 cash generation outlook on Feb 4, 2026.

  • Gross margin trend

    Banks and insurers do not report gross profit.

Past performance2/6

  • Return on equity

    Needs positive equity and five years of results.

  • Return on assets under 1%

    Return on assets was 0.5%; for a bank or insurer, 1% or more is considered good.

  • Return on equity against the industry

    Needs positive equity.

  • Earnings over 5 years

    Needs positive net income five years ago and in the latest year.

  • Net margin above its 5-year average

    Net margin was 11.5% over the last twelve months, against a 5-year average of 10.1%.

  • Net margin above the industry

    Equitable's net margin of 11.5% is above the Insurance Agents, Brokers, and Service median of 4.9%.

Financial health1/6

  • Debt level

    Needs debt and equity figures.

  • Debt trend

    Needs a balance sheet from five years ago with positive equity.

  • Debt covered by cash flow

    Operating cash flow over the last twelve months equals 68.2% of total debt.

  • Interest coverage

    Interest expense is not reported separately.

  • Short-term liquidity

    Insurers do not split assets into current and non-current.

  • Bankruptcy risk (Altman Z)

    The Altman model does not apply to insurers.

Dividend3/6

  • Pays a dividend

    Equitable paid dividends worth 2.0% of the share price over the last twelve months.

  • Yield below Treasuries

    The 2.0% yield is below the 4.6% on a 1-year Treasury.

  • Yield below the top quarter

    The top quarter of US dividend payers yield 3.9% or more; Equitable yields 2.0%.

  • Dividend not cut

    The dividend per share has not fallen by more than 10% in any of the last 9 fiscal years.

  • Covered by earnings

    Dividends take 21.1% of net income.

  • Cash-flow cover

    Needs dividends paid and free cash flow.

Scores of similar companies

Fair value

How we estimate it

We don't publish a fair value for Equitable. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Own 5-year median 7.1
  • Insurance Agents, Brokers, and Service median 30.5

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Low risk

Average value traded per day
$136.47M
Value traded per 1% price move
$101.75M

Downside

Medium risk

Typical loss in a bad month
15.4%
Volatility (annualized)
33%
Sharpe ratio, 1 year
0.58
Beta to the S&P 500 (5Y)
1.19

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2015 to 2025

Net margin

-11.8%−6.6 pts over 5 years

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