AB

AllianceBernstein Holding

Fundamental data last updated:April 13, 2026

company profile

SECTOR

Financial Services

industry

Asset Management

Exchange

NYSE

County of HQ

United States

Next Earnings Date

04/28/26

Business Summary

AllianceBernstein generates revenue by managing assets for institutions and retail investors, earning fees based on assets under management and performance. Its moat is rooted in brand credibility, long-standing institutional relationships, and the scalability of its investment platform, which allows incremental assets to flow through at high margins, evidenced by a 24.20% operating margin. The business converts advisory expertise into recurring fee income, creating operating leverage when markets rise and assets grow. Cash generation is driven by fee-based revenues that require limited tangible capital, enabling distributions back to shareholders while reinvesting selectively in distribution and research capabilities.

VALUATION

P/E

12.8

Market Cap ($M USD)

$3,509

Forward P/E

9.9

PEG

1.6

PRICE TO SALES

11.6

PRICE TO BOOK

2.8

EV / EBITDA

-

5-Year Average P/E

DIVIDEND

Yield

8.90%

Annual Payout

$3.38

Payout Ratio

116.80%

Consecutive Years of Dividend Growth

2

5-Year Dividend Growth Rate

-0.20%

Financial Health & Profitability

Earnings Per Share

$2.97

Next Year EPS Growth Estimate

$3.86

Next Year Revenue Growth Estimate

6.50%

Return on Equity (ROE)

24.20%

Operating Margin

-

Debt-to-Equity

0

Piotroski F-Score

6

Altman Z-Score

-

Return on Invested Capital (ROIC)

24.20%%

Current Ratio

-

Quick Ratio

Gainseekers Quantitative Analysis

Summary

At 12.8x earnings and just 9.9x forward earnings, AB screens statistically cheap for a Financial Services name with a 24.20% operating margin and 24.20% ROIC. The multiple compression relative to forward earnings suggests the market expects improvement, yet the PEG Forward of 1.6 implies growth is not dramatically undervalued. Return on Equity at 6.50% is modest, which tempers the value narrative, and the absence of an Altman Z-Score removes a key balance sheet safety gauge. Overall, this looks like a cash-generative asset manager priced at a discount to growth but not a screaming deep value unless earnings visibility materially improves.

AI Exposure / Tech Reliance

As an Asset Management firm, AB’s resilience to AI disruption depends on integrating data analytics and automation into portfolio construction and distribution rather than defending hard assets. The industry is being reshaped by algorithmic strategies and cost compression, and firms with scale and margin discipline, such as one generating a 24.20% operating margin, have room to reinvest in technology. The key is whether it can leverage tech to protect fee margins in an increasingly passive-driven world.

The Bull Case

A GARP investor would focus on the 9.9 Forward P/E paired with a 24.20% ROIC, which signals efficient capital deployment at a reasonable price. The 24.20% operating margin shows strong operating leverage in a fee-based model, while a Piotroski F-Score of 6 indicates solid, though not perfect, fundamental health. Institutional Ownership at $38.58 suggests meaningful professional participation, and a Dividend Per Share USD of 8.90% with a Payout Ratio of $3.38 signals aggressive capital return. If EPS Next Year (Est.) of $2.97 materializes alongside Sales Growth Next Year of $3.86, the earnings base could justify multiple expansion from already compressed levels.

The Bear Case

There are structural blemishes here that cannot be ignored. Return on Equity at just 6.50% is weak for an asset-light manager, raising questions about capital efficiency despite the strong ROIC figure. A PEG Forward of 1.6 implies growth is not cheap relative to expectations, and the Short % of Float at -0.20% provides little evidence of a contrarian squeeze catalyst. The absence of data for Debt / Equity, Altman Z-Score, Current Ratio, and EPS removes critical visibility into financial resilience, which is unacceptable in a cyclical, market-sensitive industry.

Market Sentiment & Smart Money

Short Interest %

0.30%

Analyst Consensus

2.71

Average Analyst Price Target

$38.58

Institutional Ownership %

15.90%

1-Year Beta

0.68

Insider Buying % (6 Mo)

2.10%%

Distance to 52-Week High

86.20%%

Distance to 52-Week Low

106.90%%