Equivalent fractions are two or more fractions that have the same value even though they look different. It may help to think of equivalent fractions as pieces of a pie. If your pie has 8 slices and you share them equally with a friend, you each get 4 slices, or 4/8 of the pie. Looking at the pie in another way, you each get 1/2 of the pie. 4/8 and 1/2 are equivalent fractions; they mean the same thing.