Equitable Holdings, Inc.

EQH Financial Asset Management

Equitable Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $11.7 billion, down 6.12% from fiscal 2024.

Revenue
+167.7%
EPS
+197.8%
Free cash flow
+385.7%
Total debt
+15.1%

Quarter to September 2026, against a year earlier

52.94 3.18 −5.67%
Market cap
$14.2B
P/E
9.5×
Fwd P/E
15.9×
Dividend yield
2.15%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Equitable Holdings, Inc. (EQH) P/B ratio

Alert me on P/B ratio

Equitable Holdings, Inc. has no meaningful P/B ratio: its trailing twelve-month book value is negative. Over the past ten years it has ranged from 0.0× (November 2026) to 36.9× (January 2026) — the current reading is the lowest in ten years.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 35.7× 351.33%
FY2024 7.9× 92.72%
FY2023 4.1× (40.01%)
FY2022 6.8× 476.34%
FY2021 1.2× 63.80%
FY2020 0.7× (15.46%)
FY2019 0.9× 42.93%
FY2018 0.6× (12.77%)
FY2017 0.7× 0.00%
FY2016 0.7× —

Quarterly newest first

Period P/B ratio Change
Sep 2026 0.0× —
Jun 2026 0.0× —
Mar 2026 13.2× (63.07%)
Dec 2025 35.7× 27.18%
35 more quarters

Against its own ten years

Low 0.0× High 36.9×
Ten-year median 1.4×
Current reading's percentile 4

P/B ratio against peers

Company P/B ratio
EQH Equitable Holdings, Inc. n/m
ARCC Ares Capital Corporation compare 1.0×
IVZ Invesco Ltd. compare 1.1×
OWL Blue Owl Capital Inc. compare 1.3×
BEN Franklin Resources Inc compare 1.3×
CG Carlyle Group Inc. compare 2.0×
TPG TPG Inc. compare 2.0×
CRBG Corebridge Financial, Inc. compare 2.2×
SEIC SEI Investments Company compare 4.9×
Asset Management industry median 0.9×
Financial sector median 1.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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