Western Alliance Bancorporation
WAL
#2118
Rank
$7.07 B
Marketcap
$64.24
Share price
0.03%
Change (1 day)
88.66%
Change (1 year)

P/E ratio for Western Alliance Bancorporation (WAL)

P/E ratio as of March 2024 (TTM): 8.13

According to Western Alliance Bancorporation 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.12522. At the end of 2022 the company had a P/E ratio of 6.11.

P/E ratio history for Western Alliance Bancorporation from 2005 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20226.11-50.52%
202112.44.23%
202011.91.07%
201911.723.77%
20189.48-47.68%
201718.1-6.21%
201619.39.15%
201517.77.5%
201416.5-8.91%
201318.144.12%
201212.5-61.77%
201132.8-206.92%
2010-30.72601.59%
2009-1.14-20.91%
2008-1.44-108.79%
200716.3-26.77%
200622.30.73%
200522.1

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
7.98-1.84%๐Ÿ‡บ๐Ÿ‡ธ USA
12.3 51.83%๐Ÿ‡บ๐Ÿ‡ธ USA
17.8 119.00%๐Ÿ‡บ๐Ÿ‡ธ USA
10.2 25.48%๐Ÿ‡บ๐Ÿ‡ธ USA
10.4 27.39%๐Ÿ‡บ๐Ÿ‡ธ USA
10.9 33.75%๐Ÿ‡บ๐Ÿ‡ธ USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.