NYSE · AB
AllianceBernstein Holding L.P.
Financial Services · Asset Management
$35.41▼ 1.14% ($0.41)at close
After hours$35.55▲ 0.40%4:00 PM ET
Market cap
$3.30B
P/E
10.57
EPS (TTM)
$3.35
Next earnings
Oct 22, 2026
Valuation
Cash-flow DCF
Verdict: fairly priced. Price between Bear and Base.
The price holds with free cash flow shrinking 7.0% a year for 5 years. Our scenarios assume −11.2–15.5%.
That's below its past 10-year pace of 3.8%.
Value per share
Base case
$57.39
Price used $35.41 is 38% below this
USD · TTM ending Jun 30, 2026 · Price Sep 24, 8:00 PM UTC
FCFF base normalized by replacing latest capex with the company's trailing median capex-to-revenue ratio.
2 more notes
CapEx normalization ceiling applied: historical capex ratio was set at smaller revenue scale. Capped at 2× TTM capex.
Historical FCFF CAGR and the default growth rates are taken from the raw historical series. The valuation base is normalized for the current-period DCF.
Free cash flow each value needs
Free cash flow today $314M. The price needs $260M by 2036. Base case: $451M. At its recent pace: $458M. Bear to Bull: $207M to $971M.
Free cash flow today $314M. The price needs $260M by 2036. Base case: $451M. At its recent pace: $458M. Bear to Bull: $207M to $971M.
Free cash flow in 2036
today $314M
−$191Mless than the Base case
Value per share · Base case
$57.39
Price $35.41
38% below this
- Stage 1 growth, yrs 1–5
- 3.8%
- Stage 2 growth, yrs 6–10
- 3.5%
- Discount rate
- 9.4%
FCFF base normalized by replacing latest capex with the company's trailing median capex-to-revenue ratio.
2 more notes
CapEx normalization ceiling applied: historical capex ratio was set at smaller revenue scale. Capped at 2× TTM capex.
Historical FCFF CAGR and the default growth rates are taken from the raw historical series. The valuation base is normalized for the current-period DCF.
USD · TTM ending Jun 30, 2026 · Price Sep 24, 8:00 PM UTC
What each scenario assumes. Click a column to start from it.
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock fell 6.42% over the last year. Revenue declined 17.16% over the trailing twelve months. Operating margin moved from 100% to 100%. Free cash flow declined 15.72% over the trailing twelve months.
What the market seems to be pricing
The stock has moved lower against modestly weakening underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 100%. A decisive move in revenue — currently down 17.16% — would be the clearest signal to resolve the ambiguity.
Return analysis
Company profile
AllianceBernstein Holding L.P. is a publicly owned investment manager.
Market multiples
Stock splits
Every 1 shares became 2
Every 1 shares became 2
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Analyst consensus
6
Buy
6
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Oct 22, 2026
Q4 FY26 · EPS est $0.86 · Revenue est $913.02M
View
Institutional Sentiment
AllianceBernstein Holding L.P. · AB
From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.