Western Alliance Bancorp (MEX:WAL) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:WAL Western Alliance Bancorp MEX:WAL
86 GF Score
Price MXN780.30
GF Value MXN934.71
! 2 Warning Signs
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What is Western Alliance Bancorp Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Western Alliance Bancorp  (MEX:WAL) 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 - - 3.00 2.51 2.11

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 2.27 2.17 2.10 2.00 1.92

MEX:WAL 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.


MEX:WAL
86GF Score
Western Alliance Bancorp MEX:WAL
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 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)
=154.882/333.9520*333.9520
=154.882

Current CPI (Jun. 2026) = 333.9520.

Western Alliance Bancorp Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 32.894 241.428 45.500
201612 35.117 241.432 48.574
201703 36.547 243.801 50.061
201706 35.635 244.955 48.582
201709 35.822 246.819 48.468
201712 40.298 246.524 54.589
201803 40.317 249.554 53.952
201806 43.422 251.989 57.546
201809 42.894 252.439 56.745
201812 47.655 251.233 63.346
201903 47.384 254.202 62.250
201906 49.356 256.143 64.349
201909 52.825 256.759 68.707
201912 53.699 256.974 69.785
202003 55.817 258.115 72.217
202006 73.238 257.797 94.873
202009 65.866 260.280 84.509
202012 67.094 260.474 86.021
202103 66.491 264.877 83.831
202106 95.274 271.696 117.105
202109 107.169 274.310 130.470
202112 115.389 278.802 138.214
202203 74.539 287.504 86.581
202206 97.224 296.311 109.575
202209 115.722 296.808 130.204
202212 128.321 296.797 144.385
202303 119.849 301.836 132.601
202306 102.372 305.109 112.050
202309 115.636 307.789 125.465
202312 107.854 306.746 117.420
202403 113.977 312.332 121.867
202406 121.377 314.175 129.018
202409 141.861 315.301 150.253
202412 143.163 315.605 151.485
202503 144.229 319.799 150.612
202506 146.213 322.561 151.376
202509 164.178 324.800 168.804
202512 166.883 324.054 171.980
202603 159.219 330.213 161.022
202606 154.882 333.952 154.882

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.

Is Western Alliance Bancorp (MEX:WAL) Overvalued in 2026?

Based on GuruFocus' analysis, Western Alliance Bancorp stock appears to be undervalued. The current stock price of MXN780.30 is trading 16.5% below its estimated GF Value™ of MXN934.71.

Key valuation signals for MEX:WAL:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: MXN934.71 vs. price of MXN780.30 (16.5% below fair value)
  • GF Score™: 86/100 with 2 warning signs

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


Western Alliance Bancorp Business Description

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 MEX:WAL

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

MXN780.30
Price
MXN934.71
GF Value