AllianceBernstein Holding L.P. (AB) Key Metrics
AB valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $3.21B
- Enterprise value
- $3.34B
- P/E (TTM)
- 10.3 10-yr median 11.9
- Forward P/E
- 9.4
- PEG ratio
- 0.63
- Price / sales
- 40.2 10-yr median 10.8
- Price / book
- 2.7 10-yr median 1.8
- EV / EBITDA
- — 10-yr median 8.6
- Dividend yield
- 9.95% $3.47 a year
- Beta
- 0.77
AB key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsAB valuation Price multiples at each fiscal year-end price.
AB returns How much profit the business earns on the capital it uses.
AB per-share figures Results divided by the shares outstanding at year-end.
AB efficiency & capital use Working capital cycle and where the cash goes.
AB valuation history
AB returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
AB debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
AB cash returned to shareholders
AB price vs earnings per share
AB key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $3.89B | $4.23B | $3.50B | $3.50B | $4.86B | $3.27B | $2.90B | $2.66B | $2.38B | $2.28B |
| Enterprise value | — | $3.40B | $3.35B | $3.46B | $4.86B | $481.3M | $1.13B | $2.56B | $2.28B | $2.14B |
| P/E ratio | 13.0 | 10.0 | 13.3 | 12.8 | 12.6 | 11.7 | 12.2 | 11.0 | 11.5 | 10.5 |
| Price / sales | 11.7 | 9.2 | 11.7 | 11.4 | 11.7 | 10.6 | 10.9 | 9.8 | 10.3 | 9.5 |
| Price / book | 3.1 | 2.1 | 1.7 | 1.7 | 3.0 | 2.0 | 1.9 | 1.8 | 1.5 | 1.5 |
| Price / free cash flow | 11.0 | 3.3 | 11.9 | 11.6 | 16.6 | 14.3 | 14.9 | 10.8 | 14.6 | 17.2 |
| Price / operating cash flow | 11.0 | 3.0 | 11.9 | 9.6 | 13.7 | 12.1 | 13.0 | 9.5 | 11.8 | 13.5 |
| EV / sales | — | 7.4 | 11.2 | 11.3 | 11.7 | 1.6 | 4.2 | 9.5 | 9.8 | 8.9 |
| EV / EBITDA | — | 6.5 | 11.2 | 11.3 | 11.7 | 1.6 | 4.2 | 9.5 | 8.6 | 7.6 |
| EV / free cash flow | — | 2.6 | 11.4 | 11.5 | 16.6 | 2.1 | 5.8 | 10.4 | 14.0 | 16.1 |
| Earnings yield | 7.7% | 10.0% | 7.5% | 7.8% | 7.9% | 8.5% | 8.2% | 9.1% | 8.7% | 9.5% |
| Free cash flow yield | 9.1% | 30.4% | 8.4% | 8.6% | 6.0% | 7.0% | 6.7% | 9.3% | 6.8% | 5.8% |
| Dividend yield | 9.1% | 8.1% | 8.4% | 10.3% | 7.4% | 8.3% | 7.7% | 10.6% | 8.5% | 7.4% |
| Shareholder yield (dividends + buybacks) | 9.1% | 8.1% | 8.4% | 10.3% | 7.4% | 8.3% | 7.7% | 10.6% | 8.5% | 7.4% |
| Share price at fiscal year-end | $38.48 | $37.09 | $31.03 | $34.37 | $48.84 | $33.77 | $30.26 | $27.32 | $25.05 | $23.45 |
| Per share | ||||||||||
| Revenue per share | $3.29 | $4.05 | $2.65 | $3.00 | $4.18 | $3.18 | $2.78 | $2.78 | $2.44 | $2.46 |
| Earnings per share | $2.97 | $3.71 | $2.34 | $2.69 | $3.88 | $2.88 | $2.49 | $2.49 | $2.18 | $2.22 |
| Operating cash flow per share | $3.49 | $12.33 | $2.60 | $3.56 | $3.57 | $2.79 | $2.32 | $2.87 | $2.13 | $1.74 |
| Free cash flow per share | $3.49 | $11.26 | $2.60 | $2.95 | $2.94 | $2.36 | $2.03 | $2.53 | $1.71 | $1.36 |
| Cash per share | — | $7.30 | $1.36 | $0.41 | $0.00 | $28.80 | $18.50 | $6.58 | $7.06 | $6.75 |
| Book value per share | $12.24 | $17.82 | $18.38 | $20.37 | $16.29 | $16.56 | $16.18 | $15.32 | $16.22 | $15.81 |
| Tangible book value per share | $12.24 | −$15.62 | $16.93 | $10.80 | $16.29 | −$15.72 | −$16.47 | −$17.02 | −$17.12 | −$17.06 |
| Dividends per share | $3.49 | $2.99 | $2.62 | $3.55 | $3.59 | $2.80 | $2.32 | $2.89 | $2.13 | $1.74 |
| Capex per share | $0.38 | $1.07 | $0.30 | $0.61 | $0.62 | $0.43 | $0.30 | $0.34 | $0.41 | $0.38 |
| Debt per share | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.61 | $5.95 | $5.27 |
| Shares outstanding | 101.1M | 114.0M | 112.9M | 101.8M | 99.6M | 96.9M | 95.9M | 97.3M | 95.2M | 97.4M |
| Change in shares outstanding | −11.4% | +1.0% | +11.0% | +2.2% | +2.7% | +1.0% | −1.4% | +2.2% | −2.3% | −3.1% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 18.3% | 20.6% | 12.7% | 14.8% | 23.9% | 17.7% | 15.7% | 16.0% | 13.5% | 13.9% |
| Return on invested capital (ROIC) | 24.6% | 27.1% | 13.4% | 15.0% | 177.4% | — | — | 17.1% | 14.6% | 14.4% |
| Return on assets (ROA) | 18.3% | 20.6% | 12.7% | 14.8% | 23.9% | 17.7% | 15.7% | 16.0% | 13.4% | 13.9% |
| Return on tangible assets | 24.2% | — | 13.8% | 24.9% | 23.8% | — | — | — | — | — |
| Free cash flow margin | 105.9% | 277.9% | 98.1% | 98.3% | 70.4% | 74.1% | 73.0% | 91.1% | 70.1% | 55.5% |
| Income quality (OCF / net income) | 1.18 | 3.32 | 1.11 | 1.32 | 0.92 | 0.97 | 0.93 | 1.15 | 0.98 | 0.78 |
| Financial health | ||||||||||
| Total debt | — | — | $0 | $0 | $0 | $675 | $0 | $546.3M | $565.7M | $513.0M |
| Cash & short-term investments | — | $832.0M | $153.0M | $41.7M | $1,286 | $2.79B | $1.77B | $640.2M | $671.9M | $657.0M |
| Net debt | — | −$832.0M | −$153.0M | −$41.7M | −$1,286 | −$2.79B | −$1.77B | −$93.9M | −$106.2M | −$144.0M |
| Debt / equity | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.37 | 0.37 | 0.33 |
| Debt / assets | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.37 | 0.37 | 0.33 |
| Net debt / EBITDA | — | −1.60 | −0.51 | −0.14 | −0.00 | −9.05 | −6.66 | −0.35 | −0.40 | −0.51 |
| Current ratio | — | — | — | — | — | — | 9.24 | 2.84 | 1.58 | 2.20 |
| Quick ratio | — | — | — | — | — | — | 9.24 | 2.84 | 1.58 | 2.20 |
| Interest coverage | — | 5.5 | 2.8 | 4.6 | 112.9 | 19.7 | 4.7 | 5.2 | 9.2 | 26.2 |
| Working capital | — | — | — | $142.0M | — | $2.79B | $1.58B | $757.2M | $300.7M | $515.5M |
| Invested capital | $1.24B | $1.20B | $1.92B | $2.03B | $1.62B | −$1.19B | −$222.1M | $1.40B | $1.44B | $1.40B |
| Tangible asset value | $1.24B | −$1.78B | $1.91B | $1.10B | $1.62B | −$1.52B | −$1.58B | −$1.66B | −$1.63B | −$1.66B |
| Net current asset value | — | $829.3M | $151.8M | $122.6M | −$2.1M | $2.79B | $1.77B | $1.17B | $815.2M | $945.5M |
| Graham number | $28.58 | $38.58 | $31.10 | $35.14 | $37.69 | $32.77 | $30.09 | $29.30 | $28.20 | $28.13 |
| Graham net-net per share | −$0.02 | $7.27 | $1.34 | $1.00 | −$0.02 | $28.78 | $18.48 | $6.57 | $7.05 | $6.74 |
| Capital allocation | ||||||||||
| Dividends paid | $352.5M | $341.3M | $296.1M | $361.0M | $357.5M | $270.9M | $222.5M | $280.7M | $202.4M | $169.7M |
| Share buybacks (net) | — | $0 | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividend payout ratio | 117.5% | 80.6% | 112.1% | 131.7% | 92.6% | 97.0% | 93.3% | 115.8% | 97.6% | 78.4% |
| Dividends + buybacks / free cash flow | 100.0% | 26.6% | 100.7% | 120.2% | 121.9% | 118.5% | 114.4% | 113.9% | 124.2% | 127.8% |
| Capex / revenue | 11.6% | 26.5% | 11.2% | 20.4% | 14.9% | 13.5% | 10.6% | 12.1% | 17.0% | 15.3% |
| Capex / operating cash flow | 11.0% | 8.7% | 11.4% | 17.2% | 17.4% | 15.4% | 12.7% | 11.7% | 19.5% | 21.7% |
| Capex / depreciation | — | 2.11 | 0.91 | 0.94 | 1.80 | 1.52 | 1.88 | 203.48 | 1.24 | 0.89 |
| Stock-based compensation / revenue | — | 47.0% | 60.2% | 65.3% | 52.0% | 63.4% | 78.2% | −98.8% | 79.7% | 63.6% |
| SG&A / revenue | 216.3% | 169.1% | 194.0% | 280.6% | 180.9% | 219.0% | 264.6% | 248.2% | 207.2% | 265.1% |
| Efficiency | ||||||||||
| Days sales outstanding | — | — | — | 98.6 | — | — | — | — | — | — |
| Days payables outstanding | — | — | — | -3.8 | — | — | — | — | 0.0 | 0.0 |
| Cash conversion cycle (days) | — | — | — | 102.4 | — | — | — | — | — | — |
| Receivables turnover | — | — | — | 3.70 | — | — | — | — | — | — |
| Asset turnover | 0.20 | 0.22 | 0.14 | 0.17 | 0.26 | 0.20 | 0.17 | 0.18 | 0.15 | 0.15 |
| Average receivables | — | — | — | $82.5M | — | — | — | — | — | — |
| Average payables | — | — | — | −$17.8M | — | — | — | — | $0 | $0 |
| Average inventory | — | — | — | — | — | — | — | — | $0 | $0 |
| Intangibles / total assets | 0.0% | 187.4% | 7.9% | 47.0% | 0.0% | 194.7% | 201.5% | 211.0% | 205.4% | 207.8% |
Computed from AB's annual financial statements (latest annual report filed February 12, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
AB valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), AllianceBernstein traded at 13.0 times earnings, against a 10-year median of 11.9. Based on the latest twelve months, the trailing P/E is 10.3 and the forward P/E is 9.4. AllianceBernstein earned a return on equity of 18.3% and a return on invested capital of 24.6% in fiscal 2025. It returned $352.5 million to shareholders: $352.5 million in dividends and $0 in share buybacks, 100% of free cash flow. The share count rose 3.8% from 97.4M to 101.1M over 9 years.
See the AB income statement, the AB chart for price history, or the AB stock overview for the latest quote and news.
AB key metrics FAQ
What is AllianceBernstein's P/E ratio?
AllianceBernstein's trailing P/E ratio is 10.3 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 9.4. At the end of fiscal 2025 it was 13.0, compared with a 10-year median of 11.9.
What is AllianceBernstein's return on equity?
AllianceBernstein's return on equity (ROE) was 18.3% in fiscal 2025: net income of $299.8 million on average shareholders' equity of $1.6 billion.
What is AllianceBernstein's ROIC?
AllianceBernstein's return on invested capital was 24.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
What is AllianceBernstein's dividend yield?
AllianceBernstein's forward dividend yield is 9.95%. AllianceBernstein paid $352.5 million in dividends in fiscal 2025 ($3.49 per share), a payout ratio of 117.5%.
What is AllianceBernstein's free cash flow yield?
AllianceBernstein generated $352.4 million of free cash flow in fiscal 2025, a free cash flow yield of 9.1% on its market value at year-end ($3.9 billion).