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WESTERN ALLIANCE BANCORPORATION WAL

NYSE · stock · State Commercial Banks · website · IPO 2005-06-30 · LEI

WESTERN ALLIANCE BANCORPORATION statistics & valuation

Market cap$8.9B
P / E9.2×
P / S65.5×
P / B1.1×
Net margin713.5%
Return on equity12.2%
Net debt$1.4B
Enterprise value USD$10.3B
Graham number +44.5%$119.39

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($119.39); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
2391.50% 2397.50% 732.70% 1158.40% 713.50% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
13.70% 14.60% 16.70% 16.50% 14.80% 18.10% 19.70% 11.90% 11.70% 12.20% 2016201720182019202020212022202320242025
Shares outstanding
105.1M 105.5M 105.4M 103.1M 100.5M 103.3M 107.6M 108.5M 109.3M 109.5M 2016201720182019202020212022202320242025
Net debt ($)
-$2.67B $258.6M $263.6M $446.0M $2.42B $1.39B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
1.50% 1.60% 1.90% 1.90% 1.40% 1.60% 1.60% 1.00% 1.00% 1.00% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
0.00× 0.16× 0.24× 0.07× 0.36× 0.18× 2016201720182019202020212022202320242025
EPS ($)
$2.50 $3.10 $4.14 $4.84 $5.04 $8.67 $9.70 $6.54 $7.09 $8.73 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

WESTERN ALLIANCE BANCORPORATION trades at about 9.5× earnings — below its 10-year norm (10-year range 7.8×–19.8×, median 11.4×).

7.8× 19.8×

Shaded band = 10-year range (7.8×–19.8×); dot = today's 9.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Net margin713.5%1158.4%732.7%2397.5%2391.5%—————
Return on assets1.0%1.0%1.0%1.6%1.6%1.4%1.9%1.9%1.6%1.5%
Return on equity12.2%11.7%11.9%19.7%18.1%14.8%16.5%16.7%14.6%13.7%
Debt / equity0.18×0.36×0.07×0.24×0.16×0.00×————

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.