WAL Western Alliance Bancorporation PE ratio, current and historical analysis
As of Jul 8, 2025, the Western Alliance Bancorporation stock's P/E ratio is 11.55. This takes into account the latest EPS of $7.33 and stock price of $84.64. The PE ratio has increased by 2.8% from its last 4 quarters average of 11.2.
WAL PE ratio history
The PE ratio of Western Alliance Bancorporation has averaged 11.9 over the last ten years. The current price-to-earnings ratio of 11.55 is 2.9% 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 history chart
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 |
|---|---|---|---|---|
| 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 |
| 2010 | N/A | N/A | $7.36 | -$0.23 |
Western Alliance Bancorporation PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 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 |
| Jun 2022 | 7.63 | -16.79% | $70.6 | $9.25 |
| Mar 2022 | 9.17 | -25.75% | $82.82 | $9.03 |
| Dec 2021 | 12.35 | -5.58% | $107.65 | $8.72 |
| Sep 2021 | 13.08 | 4.14% | $108.82 | $8.32 |
WAL Price vs fair value
You can ether set your own Fair P/E multiple or use one of the automatically calculated Fair P/E multiples.
Fair P/E calculation
PE Ratio is an attempt to estimate a fair PE ratio of a stock based on its earnings and growth rate.
This formula is a modified version of the classic Graham-Dodd Formula (V= EPS x (8.5+2g)), originally developed by Benjamin Graham, to calculate the fair price of a stock based on its earnings and growth rate.
The formula we have created is an adaptation of this approach, designed to maintain a balance between simplicity and growth sensitivity.
It is calculated using the following formula:
IF g < 5: Fair PE = b
IF g >= 5: Fair PE = m × g
Here’s what each part of the formula means:
g: Growth is calculated as the average of the three-year average EPS growth rate and the one-year EPS growth rate (annually). This approach provides a balanced measure of growth by factoring in both the long-term growth trend and the most recent annual growth performance. If one of the growth metrics is not available, the remaining metric is used to determine growth. The fair P/E value is capped at 100 to prevent distortions caused by extreme EPS growth rates, such as those resulting from large percentage increases from a low base.
m: This is the long term historical median PEG (Price/Earnings to Growth) ratio of the overall market. It serves as a benchmark, adjusting the Fair PE based on typical market conditions.
b: Base PE (static value set to 8). If the company's growth rate is less than 5, the Fair PE is set at a conservative baseline of 8. This is because declining companies generally deserve a lower PE ratio.
Fixed vs Dynamic
Fixed: The Fair PE ratio for all data points is calculated using a single, constant average EPS growth rate, determined based on the most recent period. This means that the same growth rate is applied to all historical data points. Dynamic: The Fair PE ratio for each historical data point is calculated using the trailing average EPS growth rate specific to that point in time. This means that for each data point, the corresponding trailing EPS growth rate is used, ensuring that the Fair PE ratio reflects the growth conditions that were relevant at that specific point in history.
WAL average PE ratio chart
The current PE ratio of WAL is above its 3 and 5-year averages, but it is under its 10-year average.
PE vs average
WAL PE vs peers
WAL's PE ratio is less than its peer stocks WFC and GBCI, but it is above ZION's. Western Alliance Bancorporation is currently trading at a lower PE ratio (11.55) than its peers average of 15.45.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ZION Zions Bancorporation National Association | 10.85 | $8.2B |
| WAL Western Alliance Bancorporation | 11.55 | $9.34B |
| NBHC National Bank Holdings Corp | 13.75 | $1.52B |
| CVBF Cvb Financial Corp | 14.24 | $2.88B |
| WFC Wells Fargo & Company | 14.49 | $265.51B |
| FIBK First Interstate Bancsystem Inc | 14.67 | $3.25B |
| GBCI Glacier Bancorp Inc | 24.7 | $5.22B |
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Frequently asked questions
What is Western Alliance Bancorporation's PE ratio?
WAL stock has a price to earnings ratio of 11.55 as of Jul 8, 2025.
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 8.33.
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 9.52.
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 2.9% below its 10-year historical average.
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 (Jul 8, 2025), Western Alliance Bancorporation's share price is $84.64. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $7.33. Therefore, Western Alliance Bancorporation's price to earnings ratio for today is 11.55. PE RATIO(11.55) = STOCK PRICE($84.64) / TTM EPS($7.33)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.