As of May 2, 2024, the Western Alliance Bancorporation stock's P/E ratio is 9.15. This takes into account the latest EPS of $6.55 and stock price of $59.96. The PE ratio has increased by 51% from its last 4 quarters average of 6.1.
The PE ratio of Western Alliance Bancorporation has averaged 12.63 over the last ten years. The current price-to-earnings ratio of 9.15 is 28% 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.
Maximum annual increase: 64.32% in 2023
Maximum annual decrease: -50.53% in 2022
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 10.04 | 64.32% |
| 2022 | 6.11 | -50.53% |
| 2021 | 12.35 | 4.22% |
| 2020 | 11.85 | 1.02% |
| 2019 | 11.73 | 23.6% |
| 2018 | 9.49 | -47.71% |
| 2017 | 18.15 | -6.1% |
| 2016 | 19.33 | 10.52% |
| 2015 | 17.49 | 6.32% |
| 2014 | 16.45 | -8.31% |
The current PE ratio of WAL is above its 3 and 5-year averages, but it is under its 10-year average.
WAL's PE ratio is below its peer stocks WFC and ZION. Western Alliance Bancorporation is currently trading at a lower PE ratio (9.15) than its peers average of 12.09.
| Stock name | PE ratio | Market cap |
|---|---|---|
| WAL Western Alliance Bancorporation | 9.15 | $6.61B |
| ZION Zions Bancorporation National Association | 9.82 | $6.33B |
| NBHC National Bank Holdings Corp | 9.83 | $1.3B |
| CVBF Cvb Financial Corp | 10.65 | $2.36B |
| FIBK First Interstate Bancsystem Inc | 11.25 | $2.9B |
| WFC Wells Fargo & Company | 12.34 | $208.59B |
| GBCI Glacier Bancorp Inc | 18.73 | $4.27B |
WAL stock has a price to earnings ratio of 9.15 as of May 2, 2024.
As an average over the last 3 years, WAL stock has a PE ratio of 8.38.
As an average over the last 5 years, WAL stock has a PE ratio of 9.13.
Over the last ten years, the Dec 2016 quarter recorded the highest quarterly PE ratio at 19.33.
WAL's price to earnings ratio is currently 28% below its 10-year historical average.
WAL's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (May 2, 2024), Western Alliance Bancorporation's share price is $59.96. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $6.55. Therefore, Western Alliance Bancorporation's price to earnings ratio for today is 9.15. PE RATIO(9.15) = STOCK PRICE($59.96) / TTM EPS($6.55)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.