WAL
Western Alliance Bancorporation
PE ratio, current and historical analysis
- Stocks
- Financial Services
- NYSE: WAL
- PE Ratio
As of Jun 22, 2026, the Western Alliance Bancorporation stock's P/E ratio is 9.12. This takes into account the latest EPS of $8.64 and stock price of $78.76. The PE ratio has decreased by 5% from its last 4 quarters average of 9.6.
WAL PE ratio history
The PE ratio of Western Alliance Bancorporation has averaged 11.35 over the last ten years. The current price-to-earnings ratio of 9.12 is 20% less than the historical average. Analyzing the last ten years, WAL's PE ratio reached its highest point in the Dec 2016 quarter at 19.33, when the price was $48.71 and the EPS was $2.52. The lowest point was recorded in the Mar 2023 quarter, when it reached 4.04 with a price of $35.54 and an EPS of $8.8.
Western Alliance Bancorporation PE ratio by year
Maximum annual increase: 64.32% in 2023
Maximum annual decrease: -61.76% in 2012
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 9.56 | -18.29% | $84.07 | $8.79 |
| 2024 | 11.7 | 16.53% | $83.54 | $7.14 |
| 2023 | 10.04 | 64.32% | $65.79 | $6.55 |
| 2022 | 6.11 | -50.53% | $59.56 | $9.74 |
| 2021 | 12.35 | 4.22% | $107.65 | $8.72 |
| 2020 | 11.85 | 1.02% | $59.95 | $5.06 |
| 2019 | 11.73 | 23.6% | $57 | $4.86 |
| 2018 | 9.49 | -47.71% | $39.49 | $4.16 |
| 2017 | 18.15 | -6.1% | $56.62 | $3.12 |
| 2016 | 19.33 | 10.52% | $48.71 | $2.52 |
| 2015 | 17.49 | 6.32% | $35.86 | $2.05 |
| 2014 | 16.45 | -8.31% | $27.8 | $1.69 |
| 2013 | 17.94 | 43.06% | $23.86 | $1.33 |
| 2012 | 12.54 | -61.76% | $10.53 | $0.84 |
| 2011 | 32.79 | N/A | $6.23 | $0.19 |
Western Alliance Bancorporation PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 8.2 | -14.23% | $70.85 | $8.64 |
| Dec 2025 | 9.56 | -10.15% | $84.07 | $8.79 |
| Sep 2025 | 10.64 | 4.52% | $86.72 | $8.15 |
| Jun 2025 | 10.18 | -2.86% | $77.98 | $7.66 |
| Mar 2025 | 10.48 | -10.43% | $76.83 | $7.33 |
| Dec 2024 | 11.7 | -12.1% | $83.54 | $7.14 |
| Sep 2024 | 13.31 | 41.15% | $86.49 | $6.5 |
| Jun 2024 | 9.43 | 0.96% | $62.82 | $6.66 |
| Mar 2024 | 9.34 | -6.97% | $64.19 | $6.87 |
| Dec 2023 | 10.04 | 72.51% | $65.79 | $6.55 |
| Sep 2023 | 5.82 | 33.49% | $45.97 | $7.9 |
| Jun 2023 | 4.36 | 7.92% | $36.47 | $8.36 |
| Mar 2023 | 4.04 | -33.88% | $35.54 | $8.8 |
| Dec 2022 | 6.11 | -12.71% | $59.56 | $9.74 |
| Sep 2022 | 7 | -8.26% | $65.74 | $9.39 |
WAL Price vs fair value
WAL average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
The current PE ratio of WAL is under its 3, 5 and 10-year averages.
PE comparison
With a price to earnings (P/E) of 9.12, WAL stands lower than the Financial Services sector, the industry and its peers average. Looking at the Financial Services sector average of 12.78, Western Alliance Bancorporation's price to earnings (P/E) is 29% lower.
WAL PE vs peers
WAL's PE ratio is below its peer stocks WFC and ZION. Western Alliance Bancorporation is currently trading at a lower PE ratio (9.12) than its peers average of 14.62.
| Stock name | PE ratio | Market cap |
|---|---|---|
| WAL Western Alliance Bancorporation | 9.34 | $8.81B |
| ZION Zions Bancorporation National Association | 10.58 | $10.01B |
| FIBK First Interstate Bancsystem Inc | 12.15 | $3.62B |
| WFC Wells Fargo & Company | 12.8 | $256.96B |
| CVBF Cvb Financial Corp | 14.08 | $3.8B |
| NBHC National Bank Holdings Corp | 16.35 | $1.97B |
| GBCI Glacier Bancorp Inc | 23.2 | $6.46B |
Frequently asked questions
What is Western Alliance Bancorporation's PE ratio?
WAL stock has a price to earnings ratio of 9.12 as of Jun 22, 2026.
What is the 3-year average PE ratio for Western Alliance Bancorporation (WAL)?
As an average over the last 3 years, WAL stock has a PE ratio of 9.42.
What is the 5-year average PE ratio for Western Alliance Bancorporation (WAL)?
As an average over the last 5 years, WAL stock has a PE ratio of 9.25.
What is the highest PE ratio for WAL?
Over the last ten years, the Dec 2016 quarter recorded the highest quarterly PE ratio at 19.33.
How does the current PE ratio for WAL compare to its historical average?
WAL's price to earnings ratio is currently 20% below its 10-year historical average.
Why is Western Alliance Bancorporation's PE ratio so low?
WAL's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.
How is WAL's PE ratio calculated (Western Alliance Bancorporation PE ratio formula)?
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Jun 22, 2026), Western Alliance Bancorporation's share price is $78.76. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $8.64. Therefore, Western Alliance Bancorporation's price to earnings ratio for today is 9.12. PE RATIO(9.12) = STOCK PRICE($78.76) / TTM EPS($8.64)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.