Western Alliance Bancorp (BSP:WABC34) Cyclically Adjusted PS Ratio: 3.86 (As of Sep. 06, 2026) — 48% Below Median

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Director of Data and Quant Analytics at GuruFocus
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BSP:WABC34 Western Alliance Bancorp BSP:WABC34
86 GF Score
Price R$416.22
GF Value R$487.59
! 3 Warning Signs
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What is Western Alliance Bancorp Cyclically Adjusted PS Ratio?

Western Alliance Bancorp BSP:WABC34 86 Cyclically Adjusted PS Ratio is 3.86 as of Sep. 06, 2026, which is 48% below its 10-year median of 7.39. GuruFocus rates BSP:WABC34 with a GF Score™ of 86/100 and a GF Value™ of R$487.59. The stock has 3 warning signs investors should review. Among 1,304 Banks companies, Western Alliance Bancorp ranks worse than 57.36% on this metric.

As of today (2026-09-06), Western Alliance Bancorp's current share price is R$416.22. Western Alliance Bancorp's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was R$107.80. Western Alliance Bancorp's Cyclically Adjusted PS Ratio for today is 3.86.

The historical rank and industry rank for Western Alliance Bancorp's Cyclically Adjusted PS Ratio or its related term are showing as below:

BSP:WABC34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.24   Med: 7.39   Max: 14.3
Current: 3.8

During the past years, Western Alliance Bancorp's highest Cyclically Adjusted PS Ratio was 14.30. The lowest was 2.24. And the median was 7.39.

BSP:WABC34's Cyclically Adjusted PS Ratio is ranked worse than
57.36% of 1304 companies
in the Banks industry
Industry Median: 3.45 vs BSP:WABC34: 3.80

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Western Alliance Bancorp's adjusted revenue per share data for the three months ended in Jun. 2026 was R$46.406. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is R$107.80 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Western Alliance Bancorp  (BSP:WABC34) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Western Alliance Bancorp Cyclically Adjusted PS Ratio Related Terms


Western Alliance Bancorp Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Western Alliance Bancorp's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Western Alliance Bancorp Cyclically Adjusted PS Ratio Chart

Western Alliance Bancorp Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.79 5.15 4.77 5.09 4.36

Western Alliance Bancorp Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.36 4.65 4.36 3.48 3.86

BSP:WABC34 vs COLB, PB, BOKF: Cyclically Adjusted PS Ratio Comparison

For the Banks - Regional subindustry, Western Alliance Bancorp's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Western Alliance Bancorp Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Western Alliance Bancorp's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Western Alliance Bancorp's Cyclically Adjusted PS Ratio falls into.


BSP:WABC34
86GF Score
Western Alliance Bancorp BSP:WABC34
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Western Alliance Bancorp Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Western Alliance Bancorp's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=416.22/107.80
=3.86

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Western Alliance Bancorp's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Western Alliance Bancorp's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=46.406/333.9520*333.9520
=46.406

Current CPI (Jun. 2026) = 333.9520.

Western Alliance Bancorp Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 5.673 241.428 7.847
201612 5.916 241.432 8.183
201703 5.622 243.801 7.701
201706 6.310 244.955 8.603
201709 6.255 246.819 8.463
201712 6.984 246.524 9.461
201803 7.022 249.554 9.397
201806 8.429 251.989 11.171
201809 9.196 252.439 12.165
201812 9.317 251.233 12.385
201903 9.558 254.202 12.557
201906 9.959 256.143 12.984
201909 11.258 256.759 14.643
201912 11.846 256.974 15.395
202003 13.131 258.115 16.989
202006 16.463 257.797 21.326
202009 16.340 260.280 20.965
202012 17.750 260.474 22.757
202103 18.745 264.877 23.633
202106 23.620 271.696 29.032
202109 27.142 274.310 33.043
202112 28.956 278.802 34.684
202203 25.335 287.504 29.428
202206 27.947 296.311 31.497
202209 31.505 296.808 35.448
202212 33.843 296.797 38.080
202303 25.721 301.836 28.458
202306 29.118 305.109 31.871
202309 32.240 307.789 34.980
202312 30.083 306.746 32.751
202403 32.611 312.332 34.868
202406 37.283 314.175 39.630
202409 40.681 315.301 43.087
202412 45.680 315.605 48.336
202503 40.012 319.799 41.783
202506 41.786 322.561 43.262
202509 45.092 324.800 46.363
202512 48.122 324.054 49.592
202603 48.216 330.213 48.762
202606 46.406 333.952 46.406

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 3.86 mean?
Western Alliance Bancorp (BSP:WABC34) has a Cyclically Adjusted PS Ratio of 3.86 as of Sep. 06, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Western Alliance Bancorp and its competitors. This is 48% below median its historical median of 7.39. Over the past decade, Western Alliance Bancorp's Cyclically Adjusted PS Ratio has ranged from 2.24 to 14.30. According to the industry distribution chart, Western Alliance Bancorp ranks #748 out of 1304 companies in the Banks industry, placing it in the top 57.4%.
Is Western Alliance Bancorp's Cyclically Adjusted PS Ratio too high?
Western Alliance Bancorp's current Cyclically Adjusted PS Ratio of 3.86 is 48% below median its 10-year median of 7.39. Over the past 10 years, this metric has ranged from a low of 2.24 to a high of 14.30. The Banks industry median Cyclically Adjusted PS Ratio is 3.45. Western Alliance Bancorp's value of 3.86 is 11.9% above this industry median. Based on the distribution chart, Western Alliance Bancorp ranks #748 out of 1304 companies in the Banks industry, which is below the industry midpoint. Overall, Western Alliance Bancorp has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does Western Alliance Bancorp's Cyclically Adjusted PS Ratio compare to COLB and PB?
According to the Banks industry distribution chart, Western Alliance Bancorp ranks #748 out of 1304 companies for Cyclically Adjusted PS Ratio. This places Western Alliance Bancorp in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.45. Western Alliance Bancorp's value of 3.86 is 11.9% above this benchmark. Historically, Western Alliance Bancorp's own Cyclically Adjusted PS Ratio has ranged from 2.24 to 14.30 over the past decade. While the company's 10-year median is 7.39 vs. the industry median of 3.45, Western Alliance Bancorp has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Banks company?
The median Cyclically Adjusted PS Ratio among Banks companies is 3.45, based on 1,304 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Western Alliance Bancorp's current Cyclically Adjusted PS Ratio of 3.86 is 11.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Western Alliance Bancorp and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Alliance Bancorp's current Cyclically Adjusted PS Ratio is 3.86, which is 48% below median its own 10-year median of 7.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Alliance Bancorp stock overvalued right now?
Western Alliance Bancorp (BSP:WABC34) has a current Cyclically Adjusted PS Ratio of 3.86. The stock's GF Value™ is R$487.59, compared to a current price of R$416.22 — trading 14.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.86, which is 48% below median its 10-year median of 7.39 and 11.9% above the Banks industry median of 3.45. Western Alliance Bancorp's overall GF Score™ is 86/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Western Alliance Bancorp (BSP:WABC34), the current Cyclically Adjusted PS Ratio is 3.86 as of Sep. 06, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Western Alliance Bancorp (BSP:WABC34) Overvalued in 2026?

Based on GuruFocus' analysis, Western Alliance Bancorp stock appears to be undervalued. The current stock price of R$416.22 is trading 14.6% below its estimated GF Value™ of R$487.59.

Key valuation signals for BSP:WABC34:

  • Cyclically Adjusted PS Ratio: 3.86 (48% below median its 10-year median of 7.39)
  • GF Value™: R$487.59 vs. price of R$416.22 (14.6% below fair value)
  • GF Score™: 86/100 with 3 warning signs
  • Industry Position: 11.9% above the Banks median (#748 of 1304)

No single metric tells the full story. See the BSP:WABC34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Western Alliance Bancorp Business Description

Other Exchanges WAL:USAWEA:Germany
Address One East Washington Street, Suite 1400, Phoenix, AZ, USA, 85004
Western Alliance Bancorp provides a full spectrum of customized loan, deposit, and treasury management capabilities, including funds transfer and other digital payment offerings. The company's reportable segments are Commercial segment includes provides commercial banking and treasury management products and services to small and middle-market businesses, specialized banking services to sophisticated commercial institutions and investors within niche industries, as well as financial services to the real estate industry. Consumer Related segment offers both commercial banking services to enterprises in consumer-related sectors and consumer banking services, such as residential mortgage banking and Corporate & Other.
86GF Score

Get the complete analysis for BSP:WABC34

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$416.22
Price
R$487.59
GF Value