ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. AllianceBernstein Holding LP's annualized net income for the quarter that ended in Dec. 2023 was $316.8 Mil. AllianceBernstein Holding LP's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $2,024.4 Mil. Therefore, AllianceBernstein Holding LP's annualized ROE % for the quarter that ended in Dec. 2023 was 15.65%.
The historical rank and industry rank for AllianceBernstein Holding LP's ROE % or its related term are showing as below:
AB'
s ROE % Range Over the Past 10 Years
Min: 11.29 Med: 14.37 Max: 23.92
Current: 12.93
During the past 13 years, AllianceBernstein Holding LP's highest ROE % was 23.92%. The lowest was 11.29%. And the median was 14.37%.
AB's ROE % is ranked better than 78.27% of 1698
companies
in the Asset Management industry
Industry Median: 4.055
vs AB: 12.93
AllianceBernstein Holding LP ROE % Historical Data
The historical data trend for AllianceBernstein Holding LP's ROE % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of AllianceBernstein Holding LP's ROE %
For the Asset Management subindustry, AllianceBernstein Holding LP's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
AllianceBernstein Holding LP's ROE % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, AllianceBernstein Holding LP's ROE % distribution charts can be found below:
* The bar in red indicates where AllianceBernstein Holding LP's ROE % falls into.
AllianceBernstein Holding LP ROE % Calculation
AllianceBernstein Holding LP's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Dec. 2023) net income data.
ROE % is displayed in the 30-year financial page.
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
AllianceBernstein Holding LP ROE % Related Terms
Thank you for viewing the detailed overview of AllianceBernstein Holding LP's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.
AllianceBernstein Holding LP (AllianceBernstein Holding LP) Business Description
AllianceBernstein provides investment management services to institutional (44% of assets under management), retail (39%), and private (17%) clients through products that includes mutual funds, hedge funds, and separately managed accounts. At the end of October 2023, AB had $652 billion in managed assets, composed primarily of fixed-income (39% of AUM) and equity (42%) strategies, with other investments (made up of asset allocation services and certain other alternative investments) accounting for the remainder. The company also provides sell-side research and brokerage services through its Sanford Bernstein subsidiary (which has been put in available-for-sale status following the joint venture agreement with Société Générale).
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