Equitable Holdings, Inc.

DB:AXJ Stock Report

Market Cap: €16.0b

Equitable Holdings Valuation

Is AXJ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of AXJ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€30.53
Fair Value
67.1% overvalued intrinsic discount
11
Number of Analysts

Below Fair Value: AXJ (€51) is trading above our estimate of fair value (€30.53)

Significantly Below Fair Value: AXJ is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AXJ?

Key metric: As AXJ is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for AXJ. This is calculated by dividing AXJ's market cap by their current earnings.
What is AXJ's PE Ratio?
PE Ratio13.6x
EarningsUS$1.23b
Market CapUS$16.65b

Price to Earnings Ratio vs Peers

How does AXJ's PE Ratio compare to its peers?

The above table shows the PE ratio for AXJ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20.3x
HYQ Hypoport
43.8x27.9%€1.3b
VVV3 Ökoworld
9.3x5.5%€209.0m
DWS DWS Group GmbH KGaA
14.9x11.5%€9.8b
DBK Deutsche Bank
13.4x22.0%€37.4b
AXJ Equitable Holdings
13.6x26.2%€16.7b

Price-To-Earnings vs Peers: AXJ is good value based on its Price-To-Earnings Ratio (13.6x) compared to the peer average (20.3x).

Price to Earnings Ratio vs Industry

How does AXJ's PE Ratio compare vs other companies in the European Diversified Financial Industry?

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AXJ 13.6xIndustry Avg. 12.4xNo. of Companies12PE01020304050+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AXJ is expensive based on its Price-To-Earnings Ratio (13.6x) compared to the European Diversified Financial industry average (12.5x).

Price to Earnings Ratio vs Fair Ratio

What is AXJ's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AXJ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.6x
Fair PE Ratio23.4x

Price-To-Earnings vs Fair Ratio: AXJ is good value based on its Price-To-Earnings Ratio (13.6x) compared to the estimated Fair Price-To-Earnings Ratio (23.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst AXJ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€51.00
€56.94
+11.6%
9.2%€66.38€47.14n/a11
Feb ’26€51.50
€55.44
+7.6%
9.6%€67.22€47.05n/a11
Jan ’26€44.80
€51.51
+15.0%
10.2%€57.75€42.61n/a10
Dec ’25€44.80
€50.85
+13.5%
10.9%€58.19€42.93n/a10
Nov ’25€41.20
€45.22
+9.8%
9.8%€55.49€39.77n/a10
Oct ’25€37.20
€43.40
+16.7%
9.8%€53.24€38.80n/a11
Sep ’25€37.40
€42.40
+13.4%
7.1%€47.81€38.79n/a10
Aug ’25€39.80
€43.40
+9.1%
8.1%€48.95€38.79n/a10
Jul ’25€37.40
€40.55
+8.4%
8.3%€47.65€33.64n/a10
Jun ’25€37.80
€39.44
+4.3%
6.7%€42.59€33.33n/a10
May ’25€34.40
€39.56
+15.0%
7.3%€43.02€33.67n/a10
Apr ’25€34.60
€36.53
+5.6%
9.3%€41.52€28.60n/a10
Mar ’25€31.20
€36.36
+16.5%
8.5%€39.78€28.68n/a10
Feb ’25€29.80
€35.42
+18.9%
9.3%€39.51€28.49€51.5011
Jan ’25€30.00
€33.78
+12.6%
7.6%€38.09€28.80€44.8011
Dec ’24€28.00
€32.86
+17.4%
10.6%€38.31€26.16€44.8012
Nov ’24€24.80
€33.99
+37.0%
9.1%€38.80€29.34€41.2012
Oct ’24€26.40
€34.94
+32.3%
9.0%€39.47€30.07€37.2011
Sep ’24€26.40
€33.83
+28.1%
10.4%€38.50€26.58€37.4011
Aug ’24€26.00
€32.58
+25.3%
11.2%€38.24€25.79€39.8011
Jul ’24€25.20
€33.26
+32.0%
11.5%€39.43€26.59€37.4011
Jun ’24€23.20
€32.83
+41.5%
15.5%€40.24€23.39€37.8012
May ’24€23.60
€32.66
+38.4%
14.4%€39.01€23.59€34.4013
Apr ’24€22.80
€35.66
+56.4%
15.3%€44.77€24.25€34.6013
Mar ’24€29.40
€36.02
+22.5%
12.7%€44.77€30.78€31.2013
Feb ’24€29.40
€35.71
+21.5%
12.8%€44.48€30.58€29.8013
Analyst Price Target
Consensus Narrative from 11 Analysts
€56.26
Fair Value
9.3% undervalued intrinsic discount
11
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/12 00:35
End of Day Share Price 2025/02/12 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Equitable Holdings, Inc. is covered by 19 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tracy Dolin-BenguiguiBarclays
Alex ScottBarclays
Tracy Dolin-BenguiguiBarclays