AI systems are increasingly used to support educational content creation, yet it remains unclear whether they can generate outputs that faithfully represent the pedagogical concepts they are intended to teach. Thus, we introduce equation-to-visual generation, a task that, in contrast to conventional image generation, requires producing pedagogically meaningful visuals from arithmetic equations while precisely preserving their numerical and relational structure. Informed by interviews with teachers and an analysis of educational materials, we construct E2V-Bench, a benchmark spanning four pedagogically grounded visual types, along with automatic metrics for evaluating visual correctness. Our evaluation reveals that recent text-to-image (T2I) models frequently fail on this task, with errors dominated by incorrect object counts and broken relational structure. Building on this, we explore benchmark-guided enhancement strategies. These strategies improve representative models, while the remaining gap calls for stronger numerical and relational grounding in future T2I models.