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WEST BANCORPORATION INC WTBA

Nasdaq · stock · State Commercial Banks · website · IPO 1994-11-22 · LEI

WEST BANCORPORATION INC statistics & valuation

Market cap$422.0M
P / E13.0×
P / B1.6×
P / FCF9.8×
Dividend yield4.01%
Return on equity12.2%
Graham number -11.9%$26.00

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 ($26.00); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
13.90% 13.00% 14.90% 13.50% 14.60% 19.10% 22.00% 10.70% 10.60% 12.20% 2016201720182019202020212022202320242025
Shares outstanding
16.2M 16.3M 16.4M 16.5M 16.5M 16.8M 16.8M 16.8M 16.9M 17.0M 2016201720182019202020212022202320242025
Net debt ($)
$5.1M $22.9M $27.0M $22.9M $21.6M $51.5M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
1.20% 1.10% 1.20% 1.20% 1.00% 1.40% 1.30% 0.60% 0.60% 0.80% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
0.03× 0.13× 0.14× 0.11× 0.10× 0.20× 2016201720182019202020212022202320242025
EPS ($)
$1.42 $1.41 $1.74 $1.74 $1.98 $2.95 $2.76 $1.44 $1.42 $1.92 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

WEST BANCORPORATION INC trades at about 15.4× earnings — above its 10-year norm (10-year range 7.9×–18.2×, median 13.1×).

7.9× 18.2×

Shaded band = 10-year range (7.9×–18.2×); dot = today's 15.4×.

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
Return on assets0.8%0.6%0.6%1.3%1.4%1.0%1.2%1.2%1.1%1.2%
Return on equity12.2%10.6%10.7%22.0%19.1%14.6%13.5%14.9%13.0%13.9%
Debt / equity————0.20×0.10×0.11×0.14×0.13×0.03×

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