AllianceBernstein Holding L.P. (AB) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of AllianceBernstein Holding L.P. stock $68.18, price $34.09, upside +100.0%, quality 81 out of 100. Rating: strongly undervalued. Calculated from audited financials with 12 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range $20.46 – $40.02 · fair‑value band $27.36 – $102.78 · the $34.09 price screens below the $68.18 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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AllianceBernstein Holding L.P. is a publicly owned investment manager.
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The firm provides its services to investment companies, pension and profit-sharing plans, banks and thrift institutions, trusts, estates, government agencies, charitable organizations, individuals, corporations and other business entities.
The firm manages separate client focused portfolios for its clients.
The firm primarily invests in common and preferred stocks, warrants and convertible securities, government and corporate fixed-income securities, commodities, currencies, real estate-related assets and inflation-protected securities.
The firm employs quantitative analysis along with long-term purchases, short-term purchases, trading, short sales, margin transactions, option strategies including writing covered options, uncovered options and spread strategies to make its investments.
The firm obtains external research to complement its in-house research. The firm was formerly known as Alliance Capital Management Holding LP. AllianceBernstein Holding L.P. was founded in 1967 and is based in Nashville,Tennessee with additional offices in New York.
Stock analysis
AllianceBernstein Holding L.P. (AB) currently trades at $34.09, while our model-based Fair Value estimate is $68.18, implying the stock looks roughly 50% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of $131.10 per share, and 9 of the 12 models we run sit above the $34.09 price.
Bear case: the Asset-Based group reads lowest at $9.03, and 3 of the 12 models stay below the price. Data coverage for this calculation is high.
Scenario range: $27.36 (bear) to $102.78 (bull), the price of $34.09 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 81/100 (high quality), in the Financial Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
AllianceBernstein Holding L.P. reported revenue of $333M in FY2025 versus $416M in FY2021, a compound −5.4%/yr. Reported net income was $300M in FY2025, compounding −6.1%/yr from FY2021.
Key figures
Market cap $3.2B Mid · P/E ratio 10.1 · P/S ratio 9.12 · EPS (TTM) $3.37 · Dividend yield 10.2% · Net margin 90.1% · Return on equity 19.4% · Return on assets (EBIT) 20.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 87 out of 100 (medium confidence).
What moves the price
The share trades about 15% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at 100%, AB screens cheaper than that median.
Fair Value models
Bear$27.36Fair Value $68.18Bull$102.78
Price $34.09 · Upside +100.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, one officer or director sold shares worth $185,850 and none bought.
SaleCharles G.T. StonehillDirector5,000 shares at $37.17$185,850Aug 4, 2026
SaleSeth P BernsteinCEO, Director2× since Feb 18, 2026: 55,840 shares, avg. $40.28$2.2MApr 30, 2026
Plus 6 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−28.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.5%
Start year 2020 (pandemic). Over 10 years: +4.7% a year
Revenue growth 34 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.3%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+10.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.6%
Dividend (yield on the price)10.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.0.6% vs 4.8%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.100% → 100%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−11.4%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −13.5% a year for the price.
News mood ⓘNews mood, the average tone of recent news (99 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
AI conclusion: Moderate moat from high margins and clean cash flow supports the business, yet limited differentiation in asset management restricts durability signals.
Main risk: Leadership transition risks slower momentum in higher-margin private and insurance-linked strategies amid broader industry pressures.
AllianceBernstein is shifting to new leadership as Onur Erzan steps up as CEO next April after building its private wealth, alternatives and retirement solutions businesses. The firm has grown strongly in private markets under the current team, yet the transition raises the question of whether those areas keep expanding or face slower momentum amid broader industry pressures. Our models see the stock as undervalued. Does the incoming CEO accelerate the shift to higher-margin private and insurance-linked strategies or struggle to maintain recent growth?
Compare AllianceBernstein Holding L.P. with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Asset Management · 588 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score81 · Top 25%
Fair Value upside+100.0% · Top 25%
Profitability
Return on equity (12 months)19.4% · Top 25%
Return on assets24.2% · Top 25%
Net margin (12 months)90.1% · Top 25%
Operating margin (12 months)100.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−40.3% · Bottom 25%
Dividend yield (12 months)10.2% · Top 25%
Valuation Multiplesvs Asset Management median · lower = cheaper
P/E (12 months)10.1× · Cheaper than median
P/B2.57× · Priciest 25%
P/S (12 months)39.76× · Priciest 25%
Price / free cash flow (fiscal year)9.0× · Cheaper than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is AllianceBernstein Holding L.P. (AB) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $68.18 versus a price of $34.09, about +100% upside (undervalued).
What is the fair value of AB?
Our model-based fair value for AllianceBernstein Holding L.P. is $68.18 (as of Nov 8, 2026), built from audited fundamentals. The current price: $34.09.
What is the quality score of AB?
AllianceBernstein Holding L.P. has a Quality Score of 81/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for AllianceBernstein Holding L.P. (AB)?
Our model-based price target is the fair value of $68.18 (as of Nov 8, 2026) from 12 valuation models. Cautious scenario $27.36, optimistic scenario $102.78. It is a calculation from audited fundamentals, not an analyst target.
What is the AllianceBernstein Holding L.P. stock forecast for 2026?
Our models put fair value at $68.18, about +100% upside versus a price of $34.09 (undervalued). Cautious scenario $27.36, optimistic scenario $102.78. The calculation is refreshed regularly with new filings.
Does AllianceBernstein Holding L.P. pay a dividend?
AllianceBernstein Holding L.P. currently shows a dividend yield of 10.18% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of AllianceBernstein Holding L.P. (AB) and when is the ex-dividend date?
AllianceBernstein Holding L.P. pays a dividend of $3.47 per share a year, a dividend yield of 10.2%. The last ex-dividend date was Nov 6, 2026. A dividend has been paid every year since at least 1988. The payout ratio is 103% of earnings. Free cash flow covers the dividend 1.11 times. Our assessment: Payout strained. The dividend exceeds reported earnings (though reported profit is often depressed by one-off charges), and free cash flow only just covers it (or coverage is unknown). Not an emergency, but little room for error.
What growth is priced into AllianceBernstein Holding L.P. (AB)?
For today's price to be fair in a discounted-cash-flow model, AllianceBernstein Holding L.P. would have to grow free cash flow by -11.4 % per year for five years (discount rate 9.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.5 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of AB use?
Our models discount AllianceBernstein Holding L.P. at 9.2 %: a base by market capitalisation (mid), damped by beta 0.77, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For AllianceBernstein Holding L.P. that is -11.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.2 %) and the same formula as our fair value.
How much growth has AllianceBernstein Holding L.P. (AB) delivered so far?
Over the past 5 years revenue at AllianceBernstein Holding L.P. grew +1.5 % a year. The price currently implies free-cash-flow growth of -11.4 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of AllianceBernstein Holding L.P. (AB) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into AllianceBernstein Holding L.P. (-11.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of AllianceBernstein Holding L.P. (AB)?
The free-cash-flow yield on the price is 11.08 %: that much free cash flow AllianceBernstein Holding L.P. produces per unit of market value. When it exceeds the discount rate of our models (9.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of AllianceBernstein Holding L.P. (AB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For AllianceBernstein Holding L.P. it is $68.18 per share (as of Nov 8, 2026), against a price of $34.09. It is the blended result of 12 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is AllianceBernstein Holding L.P. stock overvalued or undervalued in 2026?
As of Nov 8, 2026, AB trades below its calculated fair value: price $34.09, fair value $68.18, a gap of about +100% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of AB?
No. The price is what the market pays today ($34.09); the fair value is what the company's own numbers justify ($68.18). For AllianceBernstein Holding L.P. the two are $34.09 per share apart. That gap is exactly why we show both numbers side by side.
How much is AllianceBernstein Holding L.P. worth?
The market values AllianceBernstein Holding L.P. at about $3.2B (market capitalisation, as of Nov 8, 2026). Per share that is $34.09; our models calculate a fair value of $68.18 per share.
What do the bullish and bearish scenarios say about AB?
Our models span a range for AllianceBernstein Holding L.P.: cautious scenario $27.36, base $68.18, optimistic $102.78 per share (as of Nov 8, 2026, price $34.09). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AB?
AllianceBernstein Holding L.P. trades at a price-to-earnings ratio of 10.1 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $68.18 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 11.9. Other multiples: PEG 0.6, P/B 2.6, P/S 39.8, EV/EBITDA 7.1.
What is the PEG ratio of AB?
The PEG ratio of AllianceBernstein Holding L.P. is 0.63 (P/E divided by earnings growth, as of Nov 8, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of AllianceBernstein Holding L.P. (AB)?
Balance-sheet figures for AllianceBernstein Holding L.P. (as of Nov 8, 2026): return on equity 19.4%. They feed the Quality Score of 81/100, which measures business quality independently of the share price.
How far is AB from its 52-week high?
AllianceBernstein Holding L.P. trades at $34.09, about 15% below its 52-week high of $40.02 and at the low of $34.09 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $68.18 is for.
Which stocks are comparable to AllianceBernstein Holding L.P.?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Asset Management Ltd, KKR & Co, Apollo Global Management, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is AllianceBernstein Holding L.P. stock attractive at the current price?
The data as of Nov 8, 2026: price $34.09, calculated fair value $68.18 (+100%), Quality Score 81/100, from 12 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of AB calculated?
We run AllianceBernstein Holding L.P. through 12 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of $68.18 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. AllianceBernstein Holding L.P. currently trades 50% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of AllianceBernstein Holding L.P. (AB)?
The closing price on Nov 6, 2026 was $34.09. Our model-based fair value is $68.18, about +100% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with AllianceBernstein Holding L.P. right now?
The rarer combination: high quality (81/100) AND below fair value. That earns a closer look rather than a quick verdict. The model range is unusually wide ($27.36 to $102.78). The outcome hinges heavily on assumptions, so read the point estimate with caution. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of AllianceBernstein Holding L.P. (AB) come from?
Earnings per share at AllianceBernstein Holding L.P. grew +4.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.7 %, EBIT margin +0.0 %, tax rate +0.1 %, residual (interest, one-offs) +0.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of AllianceBernstein Holding L.P.
How large is the market capitalisation of AllianceBernstein Holding L.P. (AB)?
The market capitalisation of AllianceBernstein Holding L.P. is $3.2B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of AllianceBernstein Holding L.P. (AB)?
The price-to-sales ratio of AllianceBernstein Holding L.P. is 9.12 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of AllianceBernstein Holding L.P. (AB)?
Earnings per share at AllianceBernstein Holding L.P. are $3.37 (price ÷ EPS = P/E 10.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of AllianceBernstein Holding L.P. (AB)?
The dividend yield of AllianceBernstein Holding L.P. is 10.2% (payout 103%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of AllianceBernstein Holding L.P. (AB)?
The net margin of AllianceBernstein Holding L.P. is 90.1% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of AllianceBernstein Holding L.P. (AB)?
The return on equity (ROE) of AllianceBernstein Holding L.P. is 19.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of AllianceBernstein Holding L.P. (AB)?
On an EBIT basis the return on assets of AllianceBernstein Holding L.P. is 20.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of AllianceBernstein Holding L.P. (AB)?
The operating margin of AllianceBernstein Holding L.P. is 100% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at AllianceBernstein Holding L.P. (AB)?
Revenue at AllianceBernstein Holding L.P. is growing −40.3% versus a year earlier (3y avg +2.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at AllianceBernstein Holding L.P. (AB)?
Earnings per share at AllianceBernstein Holding L.P. are growing +20.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does AllianceBernstein Holding L.P. (AB) hold?
AllianceBernstein Holding L.P. holds more cash than debt, $832M net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 8, 2026