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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
AllianceBernstein Holding LPAB -0.36%68 ROA % is 22.88% as of Jun. 2026, which is 45% above its 10-year median of 15.82. GuruFocus rates AB with a GF Score™ of 68/100 and a GF Value™ of $41.40 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,632 Asset Management companies, AllianceBernstein Holding LP ranks better than 89.34% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. AllianceBernstein Holding LP's annualizedNet Income for the quarter that ended in Jun. 2026 was $286.9 Mil.
AllianceBernstein Holding LP's average Total Assets over the quarter that ended in Jun. 2026 was $1,253.8 Mil. Therefore, AllianceBernstein Holding LP's annualized ROA % for the quarter that ended in Jun. 2026 was 22.88%.
The historical rank and industry rank for AllianceBernstein Holding LP's ROA % or its related term are showing as below:
AB'
s ROA % Range Over the Past 10 Years
Min: 12.73 Med: 15.82 Max: 23.89
Current: 22.62
During the past 13 years, AllianceBernstein Holding LP's highest ROA % was 23.89%. The lowest was 12.73%. And the median was 15.82%.
AB's ROA % is ranked better than 89.34% of 1632
companies
in the Asset Management industry
Industry Median: 4.37
vs AB: 22.62
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Jun. 2026) net income data. The Revenue data used here is four times the quarterly (Jun. 2026) revenue data.
* 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
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
AllianceBernstein Holding LP ROA % Related Terms
AllianceBernstein Holding LP ROA % Historical Data
* 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.
For the Asset Management subindustry, AllianceBernstein Holding LP's ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, AllianceBernstein Holding LP's ROA % distribution charts can be found below:
* The bar in red indicates where AllianceBernstein Holding LP's ROA % falls into.
* 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 ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Jun. 2026) net income data.
ROA % is displayed in the 30-year financial page.
AllianceBernstein Holding LP (AB) has a ROA % of 22.88% as of Jun. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on AllianceBernstein Holding LP and its competitors. This is 45% above median its historical median of 15.82. Over the past decade, AllianceBernstein Holding LP's ROA % has ranged from 12.73 to 23.89. According to the industry distribution chart, AllianceBernstein Holding LP ranks #174 out of 1632 companies in the Asset Management industry, placing it in the top 10.7%.
Is AllianceBernstein Holding LP's ROA % too high?
AllianceBernstein Holding LP's current ROA % of 22.88% is 45% above median its 10-year median of 15.82. Over the past 10 years, this metric has ranged from a low of 12.73 to a high of 23.89. The Asset Management industry median ROA % is 4.37. AllianceBernstein Holding LP's value of 22.88% is 423.6% above this industry median. Based on the distribution chart, AllianceBernstein Holding LP ranks #174 out of 1632 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, AllianceBernstein Holding LP has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AllianceBernstein Holding LP's ROA % compare to STEP and NEA?
According to the Asset Management industry distribution chart, AllianceBernstein Holding LP ranks #174 out of 1632 companies for ROA %. This places AllianceBernstein Holding LP in the top 11% of its industry — outperforming the majority of peers. The industry median ROA % is 4.37. AllianceBernstein Holding LP's value of 22.88% is 423.6% above this benchmark. Historically, AllianceBernstein Holding LP's own ROA % has ranged from 12.73 to 23.89 over the past decade. While the company's 10-year median is 15.82 vs. the industry median of 4.37, AllianceBernstein Holding LP has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for an Asset Management company?
The median ROA % among Asset Management companies is 4.37, based on 1,632 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AllianceBernstein Holding LP's current ROA % of 22.88% is 423.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on AllianceBernstein Holding LP and its competitors. For the Asset Management industry, the median ROA % is 4.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AllianceBernstein Holding LP's current ROA % is 22.88%, which is 45% above median its own 10-year median of 15.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AllianceBernstein Holding LP stock overvalued right now?
Based on GuruFocus' analysis, AllianceBernstein Holding LP (AB) is currently considered Modestly Undervalued. The stock's GF Value™ is $41.40, compared to a current price of $36.10 — trading 12.8% below its estimated fair value. The current ROA % is 22.88%, which is 45% above median its 10-year median of 15.82 and 423.6% above the Asset Management industry median of 4.37. AllianceBernstein Holding LP's overall GF Score™ is 68/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For AllianceBernstein Holding LP (AB), the current ROA % is 22.88% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is AllianceBernstein Holding LP (AB) Overvalued in 2026?
Based on GuruFocus' analysis, AllianceBernstein Holding LP stock appears to be undervalued.
The current stock price of $36.10 is trading 12.8% below its estimated GF Value™ of $41.40.
GuruFocus considers AllianceBernstein Holding LP to be Modestly Undervalued.
Key valuation signals for AB:
ROA %: 22.88% (45% above median its 10-year median of 15.82)
GF Value™: $41.40 vs. price of $36.10 (12.8% below fair value)
Industry Position: 423.6% above the Asset Management median (#174 of 1632)
No single metric tells the full story. See the AB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AllianceBernstein provides investment management services to institutional (41% of assets under management), retail (41%), and private (18%) clients through products that includes mutual funds, hedge funds, and separately managed accounts. At the end of February 2026, the company had $880.0 billion in managed assets, composed primarily of fixed-income (37% of AUM) and equity (40%) strategies, with other investments (made up of asset allocation services and certain other alternative investments) accounting for the remainder.
68GF Score
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