Last 48 quarters of trend data · Financial Services · Regional Banks
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 8.09 | 7.66 | 8.71 | 10.61 | 8.11 | 9.51 | 9.42 | 10.73 | 10.71 | 12.01 | 8.97 | 10.03 | 12.37 | 5.83 | 4.65 | 6.94 | 5.58 | 6.79 | 7.38 | 9.33 | 11.60 |
| — | -19.4% | -7.5% | -1.2% | -24.2% | -20.8% | +4.9% | +7.0% | -13.4% | +105.9% | +92.9% | +44.5% | +121.8% | -14.1% | -37.0% | -25.6% | -51.9% | -43.1% | -31.0% | -24.9% | +49.4% | |
| P/S Ratio | 2.40 | 2.00 | 4.95 | 1.90 | 2.40 | 2.58 | 2.59 | 2.76 | 2.80 | 2.94 | 2.27 | 2.45 | 2.67 | 1.76 | 1.52 | 1.80 | 2.36 | 2.74 | 3.19 | 4.07 | 5.14 |
| — | -22.6% | +91.4% | -31.3% | -14.0% | -12.4% | +14.0% | +12.8% | +4.8% | +67.2% | +49.3% | +36.2% | +13.0% | -35.6% | -52.3% | -55.8% | -54.0% | -48.3% | -35.5% | -42.7% | +14.8% | |
| P/B Ratio | 1.04 | 1.02 | 1.10 | 0.98 | 1.16 | 1.24 | 1.15 | 1.17 | 1.36 | 1.42 | 1.08 | 1.13 | 1.18 | 0.87 | 0.69 | 0.70 | 1.21 | 1.41 | 1.53 | 1.76 | 2.27 |
| — | -17.7% | -4.3% | -16.1% | -15.2% | -12.7% | +6.6% | +3.0% | +15.9% | +63.4% | +55.7% | +62.6% | -2.4% | -38.6% | -54.7% | -60.4% | -46.8% | -43.6% | -35.6% | -31.7% | +28.5% | |
| P/FCF | — | 2.73 | — | — | — | — | — | — | — | — | — | — | 5.70 | — | — | 2.93 | 2.19 | 3.91 | 6.02 | 3.70 | 4.87 |
| — | — | — | — | — | — | — | — | — | — | — | — | +160.3% | — | — | -20.9% | -55.1% | — | — | -86.1% | -26.7% | |
| EV / EBITDA | 8.18 | 7.06 | 7.15 | 5.67 | 7.76 | 6.10 | 9.79 | 9.32 | 9.89 | 9.74 | 8.56 | 10.38 | 14.70 | 9.63 | 10.97 | 20.69 | 8.27 | 9.21 | 8.78 | 6.44 | 10.28 |
| — | +15.7% | -27.0% | -39.2% | -21.6% | -37.4% | +14.4% | -10.2% | -32.7% | +1.2% | -21.9% | -49.8% | +77.9% | +4.5% | +24.8% | +221.3% | -19.6% | -6.9% | +25.9% | +28.5% | +156.3% | |
| EV / EBIT | 9.22 | 7.06 | 7.91 | 6.51 | 8.48 | 6.75 | 10.87 | 10.50 | 11.26 | 10.84 | 9.51 | 11.58 | 16.44 | 10.17 | 11.95 | 23.22 | 8.77 | 9.74 | 9.25 | 6.80 | 10.71 |
| — | +4.6% | -27.3% | -37.9% | -24.7% | -37.7% | +14.4% | -9.4% | -31.5% | +6.6% | -20.4% | -50.1% | +87.6% | +4.4% | +29.2% | +241.5% | -18.1% | -6.3% | +26.7% | +30.6% | +157.7% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 93.5% | 92.1% | 82.3% | 79.1% | 92.4% | 91.3% | 95.2% | 95.9% | 93.0% | 95.8% | 95.1% | 97.9% | 98.2% | 97.7% | 96.8% | 97.0% | 100.0% | 95.7% | 96.9% | 98.8% | 98.9% |
| — | +0.9% | -13.6% | -17.5% | -0.7% | -4.7% | +0.1% | -2.0% | -5.3% | -1.9% | -1.8% | +0.9% | -1.8% | +2.2% | -0.1% | -1.8% | +1.1% | -2.1% | -5.9% | -9.9% | -10.2% | |
| Operating Margin | 35.0% | 33.4% | 73.2% | 22.7% | 37.2% | 34.0% | 35.3% | 32.4% | 31.7% | 31.3% | 32.8% | 32.5% | 31.5% | 39.2% | 40.0% | 34.5% | 53.3% | 50.8% | 54.3% | 54.9% | 56.6% |
| — | -1.6% | +107.5% | -29.8% | +17.4% | +8.4% | +7.5% | -0.4% | +0.7% | -20.1% | -18.0% | -5.9% | -41.0% | -22.8% | -26.2% | -37.2% | -5.8% | -10.2% | -4.6% | -20.9% | -20.9% | |
| Net Margin | 28.1% | 26.6% | 57.7% | 18.6% | 29.9% | 27.4% | 27.9% | 26.1% | 26.5% | 24.8% | 25.6% | 24.9% | 22.1% | 30.6% | 33.2% | 26.6% | 42.9% | 40.7% | 43.6% | 44.2% | 44.9% |
| — | -3.0% | +106.8% | -29.0% | +12.9% | +10.5% | +8.8% | +5.2% | +20.2% | -18.8% | -22.8% | -6.5% | -48.5% | -24.9% | -23.9% | -39.9% | -4.6% | -8.2% | -5.3% | -22.5% | -22.0% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.2% | 3.4% | 3.3% | 2.4% | 3.7% | 3.4% | 3.2% | 2.9% | 3.2% | 3.1% | 3.1% | 2.9% | 2.5% | 3.8% | 3.8% | 2.6% | 5.6% | 5.3% | 5.2% | 4.8% | 5.2% |
| — | +0.1% | +3.5% | -16.6% | +12.9% | +9.3% | +1.8% | -1.2% | +29.6% | -19.0% | -19.6% | +10.8% | -55.7% | -28.4% | -26.2% | -45.7% | +8.8% | -4.5% | -9.7% | -10.9% | -11.0% | |
| ROA | 1.1% | 0.3% | 0.3% | 0.2% | 0.3% | 0.3% | 0.3% | 0.2% | 0.3% | 0.2% | 0.2% | 0.2% | 0.2% | 0.3% | 0.3% | 0.2% | 0.4% | 0.4% | 0.4% | 0.4% | 0.5% |
| — | -3.8% | -2.4% | -18.7% | +15.6% | +14.7% | +10.5% | +1.2% | +29.1% | -20.2% | -20.7% | +17.1% | -51.2% | -20.2% | -24.6% | -50.3% | -5.4% | -16.1% | -15.1% | -14.5% | -18.4% | |
| ROIC | 6.5% | 1.7% | 1.6% | 1.2% | 2.0% | 1.8% | 1.6% | 1.4% | 1.6% | 1.6% | 1.4% | 1.2% | 1.1% | 1.3% | 1.0% | 0.8% | 2.2% | 2.1% | 2.7% | 3.1% | 3.3% |
| — | -4.9% | +0.4% | -17.1% | +23.1% | +10.6% | +16.3% | +14.9% | +53.0% | +22.0% | +39.7% | +58.7% | -51.5% | -37.6% | -62.5% | -74.7% | -33.5% | -41.8% | -33.6% | -25.6% | -27.3% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.82 | 0.86 | 0.92 | 0.86 | 0.82 | 0.61 | 0.93 | 0.72 | 0.99 | 0.61 | 1.05 | 1.18 | 1.37 | 1.71 | 1.87 | 3.07 | 1.38 | 1.47 | 1.26 | 0.38 | 0.51 |
| — | +39.9% | -1.5% | +19.9% | -17.6% | +0.9% | -11.4% | -38.9% | -27.6% | -64.5% | -43.9% | -61.5% | -0.8% | +16.6% | +48.4% | +716.9% | +169.0% | +202.9% | +173.8% | +114.7% | +169.0% | |
| Debt / EBITDA | 4.84 | 20.07 | 20.29 | 25.71 | 16.65 | 13.55 | 21.29 | 18.76 | 22.46 | 14.45 | 24.15 | 28.19 | 35.19 | 33.43 | 37.52 | 81.76 | 19.07 | 21.11 | 18.35 | 5.98 | 7.87 |
| — | +48.1% | -4.7% | +37.1% | -25.9% | -6.2% | -11.8% | -33.5% | -36.2% | -56.8% | -35.6% | -65.5% | +84.5% | +58.4% | +104.5% | +1267.5% | +142.4% | +207.3% | +185.4% | +124.2% | +201.8% | |
| Current Ratio | 0.17 | 0.34 | 0.20 | 0.21 | 0.17 | 0.20 | 0.06 | 0.10 | 0.12 | 0.11 | 0.14 | 0.15 | 0.21 | 0.11 | 0.07 | 0.07 | 0.14 | 0.03 | 0.03 | 0.05 | 0.14 |
| — | +72.4% | +238.6% | +117.3% | +40.3% | +77.8% | -58.6% | -34.4% | -40.1% | +2.2% | +92.8% | +103.7% | +47.8% | +305.5% | +122.8% | +44.2% | +0.0% | -83.3% | -86.0% | -84.2% | -39.9% | |
| Quick Ratio | 0.17 | 0.34 | 0.20 | 0.21 | 0.17 | 0.20 | 0.06 | 0.10 | 0.12 | 0.11 | 0.14 | 0.15 | 0.21 | 0.11 | 0.07 | 0.07 | 0.14 | 0.03 | 0.03 | 0.05 | 0.14 |
| — | +72.4% | +238.6% | +117.3% | +40.3% | +77.8% | -58.6% | -34.4% | -40.1% | +2.2% | +92.8% | +103.7% | +47.8% | +305.5% | +122.8% | +44.2% | +0.0% | -83.3% | -86.0% | -84.2% | -39.9% | |
| Interest Coverage | 0.66 | 0.75 | 0.76 | 0.55 | 0.79 | 0.66 | 0.64 | 0.55 | 0.55 | 0.50 | 0.50 | 0.51 | 0.47 | 0.63 | 0.58 | 0.51 | 1.47 | 2.40 | 5.93 | 8.52 | 9.48 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying WAL stock.
Western Alliance Bancorporation's current P/E is 8.1x. The average P/E over the last 4 quarters is 8.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Western Alliance Bancorporation's current operating margin is 35.0%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Western Alliance Bancorporation's business trajectory between earnings reports.