Western Alliance BancorpWAL +0.85%86 Return-on-Tangible-Asset is 0.78% as of Mar. 2026, which is 55% below its 10-year median of 1.72. GuruFocus rates WAL with a GF Score™ of 86/100 and a GF Value™ of $92.69 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,532 Banks companies, Western Alliance Bancorp ranks better than 56.79% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Western Alliance Bancorp's annualizedNet Income for the quarter that ended in Mar. 2026 was $728 Mil. Western Alliance Bancorp's average total tangible assets for the quarter that ended in Mar. 2026 was $93,661 Mil. Therefore, Western Alliance Bancorp's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.78%.
The historical rank and industry rank for Western Alliance Bancorp's Return-on-Tangible-Asset or its related term are showing as below:
WAL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.06 Med: 1.72 Max: 2.03
Current: 1.08
During the past 13 years, Western Alliance Bancorp's highest Return-on-Tangible-Asset was 2.03%. The lowest was 1.06%. And the median was 1.72%.
WAL's Return-on-Tangible-Asset is ranked better than 56.79% of 1532
companies
in the Banks industry
Industry Median: 0.99
vs WAL: 1.08
Western Alliance Bancorp (NYSE:WAL) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Western Alliance Bancorp Return-on-Tangible-Asset Related Terms
Western Alliance Bancorp Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Western Alliance Bancorp's Return-on-Tangible-Asset 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 Return-on-Tangible-Asset Chart
WAL vs COLB, BOKF, CBSH: Return-on-Tangible-Asset Comparison
For the Banks - Regional subindustry, Western Alliance Bancorp's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Banks Industry
For the Banks industry and Financial Services sector, Western Alliance Bancorp's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Western Alliance Bancorp's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 0.78% mean?
Western Alliance Bancorp (WAL) has a Return-on-Tangible-Asset of 0.78% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Western Alliance Bancorp and its competitors. This is 55% below median its historical median of 1.72. Over the past decade, Western Alliance Bancorp's Return-on-Tangible-Asset has ranged from 1.06 to 2.03. According to the industry distribution chart, Western Alliance Bancorp ranks #662 out of 1532 companies in the Banks industry, placing it in the top 43.2%.
Is Western Alliance Bancorp's Return-on-Tangible-Asset too high?
Western Alliance Bancorp's current Return-on-Tangible-Asset of 0.78% is 55% below median its 10-year median of 1.72. Over the past 10 years, this metric has ranged from a low of 1.06 to a high of 2.03. The Banks industry median Return-on-Tangible-Asset is 0.99. Western Alliance Bancorp's value of 0.78% is 21.2% below this industry median. Based on the distribution chart, Western Alliance Bancorp ranks #662 out of 1532 companies in the Banks industry, which is above the industry midpoint. Overall, Western Alliance Bancorp has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Western Alliance Bancorp's Return-on-Tangible-Asset compare to COLB and BOKF?
According to the Banks industry distribution chart, Western Alliance Bancorp ranks #662 out of 1532 companies for Return-on-Tangible-Asset. This puts Western Alliance Bancorp in the upper half of its industry. The industry median Return-on-Tangible-Asset is 0.99. Western Alliance Bancorp's value of 0.78% is 21.2% below this benchmark. Historically, Western Alliance Bancorp's own Return-on-Tangible-Asset has ranged from 1.06 to 2.03 over the past decade. While the company's 10-year median is 1.72 vs. the industry median of 0.99, Western Alliance Bancorp has consistently been below 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 Return-on-Tangible-Asset for a Banks company?
The median Return-on-Tangible-Asset among Banks companies is 0.99, based on 1,532 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Western Alliance Bancorp's current Return-on-Tangible-Asset of 0.78% is 21.2% below 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Western Alliance Bancorp and its competitors. For the Banks industry, the median Return-on-Tangible-Asset is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Alliance Bancorp's current Return-on-Tangible-Asset is 0.78%, which is 55% below median its own 10-year median of 1.72. 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?
Based on GuruFocus' analysis, Western Alliance Bancorp (WAL) is currently considered Modestly Undervalued. The stock's GF Value™ is $92.69, compared to a current price of $80.69 — trading 12.9% below its estimated fair value. The current Return-on-Tangible-Asset is 0.78%, which is 55% below median its 10-year median of 1.72 and 21.2% below the Banks industry median of 0.99. Western Alliance Bancorp's overall GF Score™ is 86/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Western Alliance Bancorp (WAL), the current Return-on-Tangible-Asset is 0.78% as of Mar. 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 (WAL) Overvalued in 2026?
Based on GuruFocus' analysis, Western Alliance Bancorp stock appears to be undervalued.
The current stock price of $80.69 is trading 12.9% below its estimated GF Value™ of $92.69.
GuruFocus considers Western Alliance Bancorp to be Modestly Undervalued.
Key valuation signals for WAL:
Return-on-Tangible-Asset: 0.78% (55% below median its 10-year median of 1.72)
GF Value™: $92.69 vs. price of $80.69 (12.9% below fair value)
Industry Position: 21.2% below the Banks median (#662 of 1532)
No single metric tells the full story. See the WAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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
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