Overview Dividends

(EQH) Axa Equitable Holdings - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US29452E1010

Variable Annuities, Life Insurance, Asset Management, Retirement Plans, Wealth Advisory

EQH EPS (Earnings per Share)

EPS Growth (3Y CAGR): -56.69%
EPS Trend (3Y Correlation): -28.8%

EQH Revenue

Revenue Growth (3Y CAGR): -8.43%
Revenue Trend (3Y Correlation): 44.6%

Description: EQH Axa Equitable Holdings October 30, 2025

Equitable Holdings (EQH) is a diversified financial-services firm operating worldwide through six segments: Individual Retirement (variable annuities for affluent clients), Group Retirement (tax-deferred plans for schools, municipalities and SMBs), Asset Management (institutional, retail and private-wealth investment services), Protection Solutions (life, disability and supplemental employee benefits), Wealth Management (advisory, planning and insurance products), and Legacy (fixed-rate GMxB business with return-of-premium death benefits). The company, founded in 1859 and headquartered in New York, rebranded from AXA Equitable in January 2020.

In FY 2023 EQH reported revenue of roughly $6.2 billion, net income of $1.1 billion and an ROE near 12 %, supported by $1.3 trillion in assets under management and $380 billion in annuity and insurance reserves. The firm’s earnings are sensitive to interest-rate movements because higher rates improve the spread on guaranteed annuity products while also influencing demand for retirement savings.

Key macro drivers for EQH include the aging U.S. population, which is expanding the market for retirement and longevity solutions, and the ongoing shift toward defined-contribution plans that increase reliance on individual-choice investment platforms. Additionally, the recent Fed rate hikes are expected to enhance margins on fixed-income and guaranteed-benefit offerings, but may also pressure demand for new annuity purchases.

If you want a data-rich, side-by-side comparison of EQH’s valuation and risk metrics versus its peers, ValueRay’s platform provides the tools to dig deeper.

EQH Stock Overview

Market Cap in USD	14,641m
Sub-Industry	Diversified Financial Services
IPO / Inception	2018-05-10

EQH Stock Ratings

Growth Rating	68.1%
Fundamental	58.0%
Dividend Rating	67.0%
Return 12m vs S&P 500	-7.56%
Analyst Rating	4.40 of 5

EQH Dividends

Dividend Yield 12m	2.06%
Yield on Cost 5y	5.26%
Annual Growth 5y	9.24%
Payout Consistency	100.0%
Payout Ratio	18.6%

EQH Growth Ratios

Growth Correlation 3m	-69.5%
Growth Correlation 12m	42.7%
Growth Correlation 5y	72.8%
CAGR 5y	21.50%
CAGR/Max DD 3y (Calmar Ratio)	0.71
CAGR/Mean DD 3y (Pain Ratio)	2.87
Sharpe Ratio 12m	0.42
Alpha	-10.01
Beta	1.094
Volatility	27.17%
Current Volume	2886.1k
Average Volume 20d	2437.1k
Stop Loss	47.9 (-3%)
Signal	0.78

Piotroski VR‑10 (Strict, 0-10) 2.5

Net Income (479.0m TTM) > 0 and > 6% of Revenue (6% = 818.1m TTM)

FCFTA 0.00 (>2.0%) and ΔFCFTA 0.13pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 972.8% (prev 213.8%; Δ 759.0pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.00 (>3.0%) and CFO 1.29b > Net Income 479.0m (YES >=105%, WARN >=100%)

Net Debt (-132.42b) to EBITDA (1.86b) ratio: -71.16 <= 3.0 (WARN <= 3.5)

Current Ratio 33.23 (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 -7.36% (target <= -2.0% for YES)

Gross Margin 25.50% (prev 43.38%; Δ -17.88pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 4.62% (prev 4.01%; Δ 0.61pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 4.47 (EBITDA TTM 1.86b / Interest Expense TTM 223.0m) >= 6 (WARN >= 3)

Altman Z'' 3.01

(A) 0.44 = (Total Current Assets 136.75b - Total Current Liabilities 4.12b) / Total Assets 303.09b

(B) 0.03 = Retained Earnings (Balance) 9.87b / Total Assets 303.09b

(D) 0.01 = Book Value of Equity 2.44b / Total Liabilities 300.12b

Total Rating: 3.01 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 57.96

1. Piotroski 2.50pt = -2.50

2. FCF Yield -1.04% = -0.52

3. FCF Margin 8.96% = 2.24

4. Debt/Equity 3.77 = -1.79

5. Debt/Ebitda -71.16 = 2.50

6. ROIC - WACC (= 3.38)% = 4.22

7. RoE 22.93% = 1.91

8. Rev. Trend 44.56% = 3.34

9. EPS Trend -28.82% = -1.44

What is the price of EQH shares?

As of November 03, 2025, the stock is trading at USD 49.40 with a total of 2,886,087 shares traded.
Over the past week, the price has changed by +0.98%, over one month by -1.91%, over three months by -2.60% and over the past year by +12.00%.

Is Axa Equitable Holdings a good stock to buy?

Neither. Based on ValueRay´s Fundamental Analyses, Axa Equitable Holdings is currently (November 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 57.96 and therefor a neutral outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of EQH is around 50.29 USD . This means that EQH is currently overvalued and has a potential downside of 1.8%.

Is EQH a buy, sell or hold?

Axa Equitable Holdings has received a consensus analysts rating of 4.40. Therefore, it is recommended to buy EQH.

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	65	31.6%
Analysts Target Price	65	31.6%
ValueRay Target Price	55.8	13%

EQH Fundamental Data Overview October 27, 2025

Market Cap USD = 14.64b (14.64b USD * 1.0 USD.USD)
P/E Trailing = 37.8915
P/E Forward = 5.8173
P/S = 1.0488
P/B = 164.1395
Beta = 1.094
Revenue TTM = 13.63b USD
EBIT TTM = 997.0m USD
EBITDA TTM = 1.86b USD
Long Term Debt = 6.80b USD (from longTermDebt, last quarter)
Short Term Debt = 238.0m USD (from shortTermDebt, last fiscal year)
Debt = 4.33b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -132.42b USD (from netDebt column, last quarter)
Enterprise Value = -117.78b USD (14.64b + Debt 4.33b - CCE 136.75b)
Interest Coverage Ratio = 4.47 (Ebit TTM 997.0m / Interest Expense TTM 223.0m)
FCF Yield = -1.04% (FCF TTM 1.22b / Enterprise Value -117.78b)
FCF Margin = 8.96% (FCF TTM 1.22b / Revenue TTM 13.63b)
Net Margin = 3.51% (Net Income TTM 479.0m / Revenue TTM 13.63b)
Gross Margin = 25.50% ((Revenue TTM 13.63b - Cost of Revenue TTM 10.16b) / Revenue TTM)
Gross Margin QoQ = 33.62% (prev 18.14%)
Tobins Q-Ratio = -0.39 (set to none) (Enterprise Value -117.78b / Total Assets 303.09b)
Interest Expense / Debt = 1.41% (Interest Expense 61.0m / Debt 4.33b)
Taxrate = 22.04% (-80.0m / -363.0m)
NOPAT = 777.3m (EBIT 997.0m * (1 - 22.04%))
Current Ratio = 33.23 (Total Current Assets 136.75b / Total Current Liabilities 4.12b)
Debt / Equity = 3.77 (Debt 4.33b / totalStockholderEquity, last quarter 1.15b)
Debt / EBITDA = -71.16 (Net Debt -132.42b / EBITDA 1.86b)
Debt / FCF = -108.4 (out of range, set to none) (Net Debt -132.42b / FCF TTM 1.22b)
Total Stockholder Equity = 2.09b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.16% (Net Income 479.0m / Total Assets 303.09b)
RoE = 22.93% (Net Income TTM 479.0m / Total Stockholder Equity 2.09b)
RoCE = 11.21% (EBIT 997.0m / Capital Employed (Equity 2.09b + L.T.Debt 6.80b))
RoIC = 11.38% (NOPAT 777.3m / Invested Capital 6.83b)
WACC = 8.01% (E(14.64b)/V(18.97b) * Re(10.05%) + D(4.33b)/V(18.97b) * Rd(1.41%) * (1-Tc(0.22)))
Discount Rate = 10.05% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -5.18%
[DCF Debug] Terminal Value 61.97% ; FCFE base≈1.05b ; Y1≈686.7m ; Y5≈314.1m
Fair Price DCF = 15.31 (DCF Value 4.59b / Shares Outstanding 299.5m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -28.82 | EPS CAGR: -56.69% | SUE: -4.0 | # QB: 0
Revenue Correlation: 44.56 | Revenue CAGR: -8.43% | SUE: -0.38 | # QB: 0

Additional Sources for EQH Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle