P/E ratio for Western Alliance Bancorporation (WAL)
P/E ratio as of June 2023 (TTM): 4.49
According to Western Alliance Bancorporation 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.49194. At the end of 2021 the company had a P/E ratio of 12.4.
P/E ratio history for Western Alliance Bancorporation from 2006 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 12.4 | 4.26% |
| 2020 | 11.8 | 1.06% |
| 2019 | 11.7 | 23.57% |
| 2018 | 9.49 | -47.82% |
| 2017 | 18.2 | -6.45% |
| 2016 | 19.4 | 8.8% |
| 2015 | 17.9 | 8.81% |
| 2014 | 16.4 | -9.22% |
| 2013 | 18.1 | 45.42% |
| 2012 | 12.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Zions Bancorporation
ZION | 5.14 | 14.43% | 🇺🇸 USA |
 Wells Fargo WFC | 11.7 | 160.21% | 🇺🇸 USA |
 Glacier Bancorp
GBCI | 12.7 | 183.09% | 🇺🇸 USA |
 First Interstate BancSystem FIBK | 8.97 | 99.71% | 🇺🇸 USA |
 CVB Financial CVBF | 8.49 | 88.96% | 🇺🇸 USA |
 National Bank Holdings
NBHC | 12.7 | 183.09% | 🇺🇸 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.