Stock fact sheet · data as of
AllianceBernstein Holding L.P. (AB): fair value, margin of safety and Wheel Score
Ticker symbol AB · Financial Services · Asset Management · United States · Value Income
Is AB undervalued?
AB closed at 35.30 on 5 Nov 2026, 24% below the GLS average fair value of 46.57 from 9 models (6 of them above the price). That is a moderate margin of safety: the stock passes the "below fair value" Wheel Trade Filter, with room for a bigger discount on the Value part.
There is a wide gap between GLS Growth (3.53) and Graham Growth (87.35). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
Ranked against every other company we cover, AB is clearly cheaper than it is fast-growing, so the nightly engine files it under Value (value score 52, growth score 3, out of 100). It also carries the Income tag (Income = a dividend yield of 4% or more).
Nine valuation models for AB
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 42.98 | +22% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 31.40 | -11% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 87.35 | +147% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 30.36 | -14% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 3.53 | -90% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 75.37 | +114% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 59.68 | +69% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 51.06 | +45% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 37.40 | +6% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -0.0181 | -100% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 37.00 | +5% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
AllianceBernstein Holding L.P. scores 6 of 9 on the Piotroski F-score: a middling result that passes the "Piotroski 6 or more" Wheel Trade Filter. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 8.0/10 puts AB among the more durable businesses we track: over up to ten years its returns on capital have stayed high, its margins steady and its balance sheet sound.
Returns on capital are high - ROIC 24.2%, ROE 24.2%, ROA 24.2% - with debt at 0.00 times equity and a free-cash-flow yield of 9.8%.
The dividend yield is high at 9.83% (payout ratio 103%) - a payout above 100% of earnings, which is not covered by profits. A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual.
Institutional ownership scores 2/10, insider activity 4/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 24.2% |
|---|---|---|---|
| GLS Moat | 8.0 / 10 | ROE | 24.2% |
| Debt / equity | 0.00 | ROA | 24.2% |
| Free-cash-flow yield | 9.8% | Payout ratio | 103% |
| Institutions | 2 / 10 | Insiders · Congress | 4 · 5 / 10 |
Wheel Score 40: Weak
With a Wheel Score of 40 AllianceBernstein Holding L.P. sits in the Weak band. It fails filter 7, a premium worth selling - implied volatility 24% (under 25%); Option trading (weak) is its weakest part.
Implied volatility on the near-the-money contracts is 24%, below the 25% the Wheel Trade Filter on premium asks for: a put pays too little to be worth selling. Chain open interest is 7,007 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 254k shares a day on a market cap of $3.2B, with a beta of 0.71 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | implied volatility 24% (under 25%) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 24% below fair value | |
| Premium | Weak | implied volatility 24% | |
| Moat | Strong | moat 8.0/10 | |
| Health | Good | Piotroski 6/9 | |
| Red Flags | Good | Red Flags score 85/100 | |
| Option trading | Weak | 192 contracts a day, 7,007 open interest | |
| Stability | Fair | beta 0.71, $3.2B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for AB in the nightly calendar. The shares go ex-dividend on 6 Nov 2026 (0.8800 per share), so a covered call sold before then carries a small early-assignment risk around that date.
No analyst upgrades or downgrades were recorded in the last 30 days.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Asset Management
The 12 companies below are the closest to AllianceBernstein Holding L.P. by market cap within the Asset Management industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| AAMI Acadian Asset Management | 91.62 | 66.58 | -38% | 39Weak | $3.3B |
| ADX Adams Diversified Equity Fund, Inc. | 25.56 | 118.39 | +78% | 26No options | $3.2B |
| CSQ Calamos Strategic Total Return Fund | 19.89 | 158.12 | +87% | 25No options | $3.2B |
| FSK FS KKR Capital Corp. | 11.46 | 49.95 | +77% | 47Weak | $3.2B |
| HCXY Hercules Capital Inc | 24.35 | 40.93 | +41% | 33No options | $3.2B |
| HTGC Hercules Capital, Inc. | 16.63 | 32.54 | +49% | 53Fair | $3.2B |
| EAPCX Parametric Commodity Strategy Fund | 7.75 | 8.30 | +7% | 16No options | $3.4B |
| UTG Reaves Utility Income Fund | 34.21 | 254.00 | +87% | 25No options | $3.1B |
| GBDC Golub Capital BDC, Inc. | 13.08 | 32.41 | +60% | 76Good | $3.4B |
| FGADX Franklin Gold and Precious Metals Adv | 48.39 | 12.72 | -280% | 12No options | $3.4B |
| YAFIX AMG Yacktman Focused I | 24.55 | 29.22 | +16% | 20No options | $3.1B |
| HFMSX The Hartford MidCap Fund Class R4 | 25.45 | 376.00 | +93% | 28No options | $3.1B |
Scan the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about AB
Is AB undervalued right now?
By the GLS models, moderately: at 35.30 the stock trades 24% below the average fair value of 46.57 (data as of 5 Nov 2026).
What is the Wheel Score of AB and what does it mean?
AB scores 40 out of 100 (Weak) - it fails Wheel Trade Filter 7. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for AB?
46.57 per share as of 5 Nov 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does AllianceBernstein Holding L.P. report earnings next?
No upcoming earnings date is recorded for AB in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does AB have listed options, and how liquid are they?
Yes. The nightly snapshot found 36 listed contracts with 7,007 open interest across all expiries and implied volatility of 24% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.