Equitable Holdings (XTER:AXJ) Scaled Net Operating Assets: -0.10 (As of Mar. 2026)


XTER:AXJ Equitable Holdings Inc XTER:AXJ
77 GF Score
Price €32.60
GF Value €37.69
! 5 Warning Signs
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What is Equitable Holdings Scaled Net Operating Assets?

Equitable Holdings XTER:AXJ 77 Scaled Net Operating Assets is -0.10 as of Mar. 2026. GuruFocus rates XTER:AXJ with a GF Score™ of 77/100 and a GF Value™ of €37.69. The stock has 5 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Equitable Holdings's operating assets for the quarter that ended in Mar. 2026 was €232,953 Mil. Equitable Holdings's operating liabilities for the quarter that ended in Mar. 2026 was €260,542 Mil. Equitable Holdings's Total Assets for the quarter that ended in Dec. 2025 was €271,563 Mil. Therefore, Equitable Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was -0.10.

XTER:AXJ
77GF Score
Equitable Holdings Inc XTER:AXJ
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Equitable Holdings Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Equitable Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(260920.912-264432.56)/282419.285
=-0.01

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=271563.46 - 10642.548
=260920.912

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=270036.508 - 5582.598 - 21.35
=264432.56

Equitable Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(232953.15-260542.325)/271563.46
=-0.10

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=268480.43 - 35527.28
=232953.15

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=266534.18 - 5991.855 - 0
=260542.325

* 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.

What does a Scaled Net Operating Assets of -0.10 mean?
Equitable Holdings (XTER:AXJ) has a Scaled Net Operating Assets of -0.10 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Equitable Holdings and its competitors.
Is Equitable Holdings' Scaled Net Operating Assets too high?
Equitable Holdings' current Scaled Net Operating Assets is -0.10. Overall, Equitable Holdings has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Equitable Holdings' Scaled Net Operating Assets compare to CRBG and IVZ?
Equitable Holdings' Scaled Net Operating Assets of -0.10 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Equitable Holdings and its competitors. Equitable Holdings's current Scaled Net Operating Assets is -0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Equitable Holdings stock overvalued right now?
Equitable Holdings (XTER:AXJ) has a current Scaled Net Operating Assets of -0.10. The stock's GF Value™ is €37.69, compared to a current price of €32.60 — trading 13.5% below its estimated fair value. The current Scaled Net Operating Assets is -0.10. Equitable Holdings' overall GF Score™ is 77/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Equitable Holdings (XTER:AXJ), the current Scaled Net Operating Assets is -0.10 as of Mar. 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 Equitable Holdings (XTER:AXJ) Overvalued in 2026?

Based on GuruFocus' analysis, Equitable Holdings stock appears to be undervalued. The current stock price of €32.60 is trading 13.5% below its estimated GF Value™ of €37.69.

Key valuation signals for XTER:AXJ:

  • Scaled Net Operating Assets: -0.10
  • GF Value™: €37.69 vs. price of €32.60 (13.5% below fair value)
  • GF Score™: 77/100 with 5 warning signs

No single metric tells the full story. See the XTER:AXJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Equitable Holdings Business Description

Address 1345 Avenue of the Americas, New York, NY, USA, 10105
Equitable Holdings Inc is a financial services company providing retirement, asset management, and wealth management solutions for individual and institutional clients, operating through three segments. The Retirement segment generates the majority of revenue and offers annuities, retirement savings plans, institutional savings products, and includes the spread lending business. The Asset Management segment provides diversified investment management and related services globally through Institutional, Retail, and Private Wealth channels and reflects the business of AB. The Wealth Management segment offers advisory accounts, financial planning and advice, life insurance, and annuity products. Revenues are earned predominantly from fee income, income from investments, and insurance premiums.
77GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€32.60
Price
€37.69
GF Value