P/E ratio for Western Alliance Bancorporation (WAL)

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

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Zions Bancorporation ZION	11.0	-6.23%	🇺🇸 USA
Glacier Bancorp GBCI	25.5	116.83%	🇺🇸 USA
National Bank Holdings NBHC	14.9	26.27%	🇺🇸 USA
CVB Financial CVBF	13.5	14.36%	🇺🇸 USA
Wells Fargo WFC	15.5	32.12%	🇺🇸 USA
First Interstate BancSystem FIBK	12.5	5.81%	🇺🇸 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.