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Friday 6 November 2026 Export WAL’s income statement to Excel — free account

Western Alliance Bancorporation

WAL Financial Banks Regional

Western Alliance Bancorporation’s revenue for fiscal 2025 (year ended December 2025) was $5.4 billion, up 5.64% from fiscal 2024.

Revenue
+3.58%
EPS
+6.52%
Free cash flow
+218.5%
Total debt
+46.7%

Quarter to September 2026, against a year earlier

75.96 3.28 −4.14%
Market cap
$8.2B
P/E
8.4×
Fwd P/E
8.5×
Dividend yield
2.21%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Valuation Filings

Western Alliance Bancorporation (WAL) P/S ratio

Alert me on P/S ratio

As of 5 November 2026, Western Alliance Bancorporation (WAL) trades at a P/S ratio of 1.4×. Over the past ten years it has ranged from 0.6× (May 2023) to 7.9× (April 2021); the current reading is higher than 8% of that period. That is below the Banks Regional industry median of 2.4× and below the Financial sector median of 2.3×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2025 1.7× (4.56%)
FY2024 1.8× 9.94%
FY2023 1.6× (21.96%)
FY2022 2.1× (61.19%)
FY2021 5.4× 18.89%
FY2020 4.5× (0.66%)
FY2019 4.5× 18.15%
FY2018 3.8× (42.25%)
FY2017 6.7× (2.73%)
FY2016 6.8× 11.88%

Quarterly newest first

Period P/S ratio Change
Sep 2026 1.4× (9.77%)
Jun 2026 1.6× 13.01%
Mar 2026 1.4× (19.46%)
Dec 2025 1.7× (5.42%)
43 more quarters

Against its own ten years

Low 0.6× High 7.9×
Ten-year median 4.1×
Current reading's percentile 9

P/S ratio against peers

Company P/S ratio
WAL Western Alliance Bancorporation 1.4×
ZION Zions Bancorporation, N.A. compare 1.8×
VLY Valley National Bancorp compare 2.2×
BOKF BOK Financial Corporation compare 2.3×
ONB Old National Bancorp compare 2.3×
COLB Columbia Banking System, Inc. compare 2.3×
CBSH Commerce Bancshares, Inc. compare 3.4×
PB Prosperity Bancshares, Inc. compare 4.1×
CBC Central Bancompany compare 7.1×
Banks Regional industry median 2.4×
Financial sector median 2.3×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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