Stock fact sheet · data as of
Equitable Holdings, Inc. (EQH): fair value, margin of safety and Wheel Score
Financial Services · Asset Management · United States · Speculative / Distressed
Is EQH undervalued?
At 53.49 (close of 16 Oct 2026), EQH trades 48% below the GLS average fair value of 103.50. That average comes from 3 models run on the latest filings, and 2 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns Equitable Holdings, Inc. the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
Only 3 of the nine models produced a value (DCF, 10 Cap, DDM); the others need a dividend, positive free cash flow or positive book value the company does not have yet, so the average rests on a narrow base.
The nightly engine files EQH under Speculative / Distressed - negative earnings or a Piotroski score of 3 or less - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for EQH
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 | 203.33 | +280% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | 90.40 | +69% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 16.77 | -69% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | -870.57 | -1728% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 64.71 | +21% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - EQH passes 5 of the nine Piotroski tests, which falls one point short of the Sunday Scan's "6 or more" rule. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is low at 3.0 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
Returns on capital are thin or negative - ROIC -21.3%, ROE 1864.9%, ROA -0.4% - with debt at -88.68 times equity and a free-cash-flow yield of 9.6%.
The dividend yield is 2.13% at a payout ratio of -40%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Investment Advice 100% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 2/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | -21.3% |
|---|---|---|---|
| GLS Moat | 3.0 / 10 | ROE | 1864.9% |
| Debt / equity | -88.68 | ROA | -0.4% |
| Free-cash-flow yield | 9.6% | Payout ratio | -40% |
| Institutions | 10 / 10 | Insiders · Congress | 2 · 5 / 10 |
Wheel Score 45: Weak
EQH scores 45 out of 100 on the Wheel Score, in the Weak band (under 50), capped at 45 because the engine files it as Speculative / Distressed. Value 25/25, Health 11/20, Moat 5/15, Premium 20/20, Stability 20/20. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 44% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 1,935 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 3.9M shares a day on a market cap of $14.6B, with a beta of 1.09; the Stability part of the Wheel Score gives that 20 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 48% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 5 / 15 | moat 3.0/10 | |
| Premium | 20 / 20 | implied volatility 44% | |
| Stability | 20 / 20 | 3.9M shares/day, $14.6B cap, beta 1.09 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 2 Nov 2026 (after the close), 17 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
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 Equitable Holdings, Inc. 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 |
|---|---|---|---|---|---|
| SWISX Schwab Capital Trust - Schwab International Index Fund | 31.27 | 418.51 | +93% | 39No options | $14.5B |
| PHYS Sprott Physical Gold Trust | 30.96 | 147.63 | +79% | 39No options | $14.7B |
| DFUSX DFA US Large Company Portfolio | 51.41 | 7.42 | -593% | 24No options | $14.3B |
| OWL Blue Owl Capital Inc. | 8.97 | 9.96 | +10% | 75Good | $14.0B |
| CRBG Corebridge Financial, Inc. | 34.43 | 54.56 | +37% | 87Prime | $15.3B |
| ARCC Ares Capital Corporation | 18.92 | 24.65 | +23% | 68Good | $13.6B |
| BEN Franklin Resources, Inc. | 31.38 | 24.25 | -29% | 53Fair | $15.9B |
| FAOTX American Funds 2020 Target Date Retirement Fd Cl F-1 | 14.61 | 74.57 | +80% | 39No options | $13.3B |
| TPGXL TPG Inc. | 20.13 | 25.83 | +22% | 39No options | $16.2B |
| TPG TPG Inc. | 42.22 | 40.87 | -3% | 69Good | $16.2B |
| DUKH Ocean Park High Income ETF | 23.17 | 125.99 | +82% | 39No options | $16.2B |
| CG The Carlyle Group Inc. | 36.81 | 30.81 | -19% | 45Weak | $13.1B |
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Start free See the Sunday ScanQuestions about EQH
Is EQH undervalued right now?
By the GLS models, yes: at 53.49 the stock is 48% below the average fair value of 103.50 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of EQH and what does it mean?
EQH scores 45 out of 100 (Weak). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for EQH?
103.50 per share as of 16 Oct 2026 - the simple average of the 3 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 Equitable Holdings, Inc. report earnings next?
The next earnings report is due on 2 Nov 2026 (after the close), 17 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does EQH have listed options, and how liquid are they?
Yes. The nightly snapshot found 216 listed contracts with 1,935 open interest across all expiries and implied volatility of 44% 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.