Western Alliance Bancorporation (WAL) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Western Alliance Bancorporation stock $72.01, price $75.88, that is 5.1% below the price, quality 42 out of 100. Rating: fairly valued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
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Western Alliance Bancorporation
WAL · USThe stock costs about what our calculation considers fair.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range $16.84 – $110.73 · fair‑value band $62.48 – $98.98 · the $75.88 price screens above the $72.01 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 4, 2026.
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Company profile
Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. It operates through Commercial and Consumer Related segments.
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The company offers deposit products, including demand deposit, checking, savings, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts; treasury management products and services to small and middle-market businesses, specialized banking services to sophisticated commercial institutions and investors; and residential mortgage products and services.
It also provides commercial and industrial loan products, such as working capital lines of credit, loans to technology companies, inventory and accounts receivable lines, mortgage warehouse lines, equipment loans and leases, and other commercial loans; commercial real estate loans, which are secured by multifamily residential properties, professional offices, industrial facilities, retail centers, hotels, and other commercial properties; construction and land development loans for single family and multifamily residential projects, industrial/warehouse properties, office buildings, retail centers, medical office facilities, and residential lot developments; and consumer loans.
In addition, the company offers other financial services, such as internet banking, wire transfers, electronic bill payment and presentment, funds transfer and other digital payment offerings, lock box services, courier, and cash management services.
Further, the company holds certain investment securities, municipal and non-profit loans, and leases; invests primarily in low-income housing tax credits and small business investment corporations; and certain real estate loans and related securities.
Western Alliance Bancorporation was founded in 1994 and is headquartered in Phoenix, Arizona.
Stock analysis
Western Alliance Bancorporation (WAL) currently trades at $75.88, while our model-based Fair Value estimate is $72.01, so the stock looks roughly fairly valued today (gap 5.4%).
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Valuation
Bull case: the Economic Profit group reads highest at a median of $72.01 per share, and 1 of the 6 models we run sit above the $75.88 price.
Bear case: the Dividend Discount group reads lowest at $22.25, and 5 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: $62.48 (bear) to $98.98 (bull), the price of $75.88 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 42/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Western Alliance Bancorporation reported revenue of $5.3B in FY2025 versus $1.8B in FY2021, a compound +30.1%/yr. Reported net income was $969M in FY2025, compounding +1.9%/yr from FY2021.
Key figures
Market cap $8.3B Mid · P/E ratio 8.3 · P/S ratio 2.38 · EPS (TTM) $9.15 · Dividend yield 2.2% · Net margin 28.2% · Return on equity 13.0% · Return on assets (EBIT) 1.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 68 out of 100 (low confidence).
What moves the price
The share trades about 20% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −35% fair-value upside, at −5%, WAL screens cheaper than that median.
Fair Value models
All 6 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, 2 officers or directors sold shares worth $3.8M and none bought.
- SaleDale GibbonsVice Chair and CBO, Deposits40,000 shares at $82.39$3.3MJun 9, 2026
- SaleBen MuchaChief Accounting Officer2× since Feb 18, 2026: 6,587 shares, avg. $82.42$542,918Jun 8, 2026
- SaleMarianne Boyd JohnsonDirector23,142 shares at $87.05$2.0MDec 15, 2025
Plus 55 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 5, 2026. All filings at the SEC ↗
Revenue & earnings trend
Watch WAL, get fair value alerts →
Earlier news
- Western Alliance 100 Brings Business Leaders Together to Build Connections, Broaden Perspectives and Advance Growth
- WAL Q3 Deep Dive: Deposit Optimization and Asset Quality Drive Profitability Gains
- The Top 5 Analyst Questions From Western Alliance Bancorporation’s Q3 Earnings Call
- Western Alliance Bancorporation (WAL) Stock Gains Ground As Q3 Results Ease Credit Fears
Compare Western Alliance Bancorporation with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 1002 stocks
Valuation Multiplesvs Banks - Regional median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Net margin by industry
- P/B ratio by industry
- PEG screener for stocks with fair value
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Banks - Regional stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Postal Savings Bank of China Co 601658 | ¥5.52 | ¥7.59 | +38% | vs WAL |
| China Merchants Bank Co 600036 | ¥42.54 | ¥52.73 | +24% | vs WAL |
| BNP Paribas SA BNP | €91.94 | €106.01 | +15% | vs WAL |
| Intesa Sanpaolo S.p.A ISP | €6.27 | €4.59 | −27% | vs WAL |
| UniCredit S.p.A UCG | €77.18 | €50.44 | −35% | vs WAL |
| Oversea-Chinese Banking Corporation O39 | 27.93 SGD | 18.20 SGD | −35% | vs WAL |
| Mizuho Financial Group MFG | $9.39 | $5.90 | −37% | vs WAL |
| DBS Group D05 | 71.20 SGD | 40.39 SGD | −43% | vs WAL |
| HDFC Bank Limited HDFCBANK | ₹760.00 | ₹406.39 | −47% | vs WAL |
| ICICI Bank Limited ICICIBANK | ₹1,500 | ₹615.63 | −59% | vs WAL |
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Frequently asked questions
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Key figures of Western Alliance Bancorporation
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