Westamerica Bancorporation (WABC) Key Metrics
WABC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.42B
- Enterprise value
- $1.23B
- P/E (TTM)
- 13.6 10-yr median 18.2
- Forward P/E
- 21.1
- PEG ratio
- 4.62
- Price / sales
- 5.6 10-yr median 7.2
- Price / book
- 1.3 10-yr median 2.2
- EV / EBITDA
- —
- Dividend yield
- 3.13% $1.92 a year
- Beta
- 0.56
WABC key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsWABC valuation Price multiples at each fiscal year-end price.
WABC returns How much profit the business earns on the capital it uses.
WABC per-share figures Results divided by the shares outstanding at year-end.
WABC financial health Debt, liquidity and how easily interest is covered.
WABC efficiency & capital use Working capital cycle and where the cash goes.
WABC valuation history
WABC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
WABC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
WABC cash returned to shareholders
WABC price vs earnings per share
WABC key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.19B | $1.40B | $1.51B | $1.59B | $1.55B | $1.49B | $1.83B | $1.49B | $1.57B | $1.62B |
| Enterprise value | −$768.7M | −$401.8M | −$2.61B | −$2.96B | −$4.06B | −$3.07B | −$1.54B | −$1.48B | −$1.08B | −$619.0M |
| P/E ratio | 10.2 | 10.1 | 9.3 | 13.0 | 17.9 | 18.5 | 22.8 | 20.8 | 31.4 | 27.5 |
| Price / sales | 4.4 | 4.5 | 4.6 | 5.9 | 7.2 | 7.2 | 8.9 | 7.5 | 8.1 | 8.9 |
| Price / book | 1.3 | 1.6 | 1.9 | 2.6 | 1.9 | 1.8 | 2.5 | 2.4 | 2.7 | 2.9 |
| Price / free cash flow | 9.9 | 10.0 | 9.6 | 14.1 | 17.7 | 14.1 | 23.9 | 15.9 | 20.2 | 21.3 |
| Price / operating cash flow | 9.8 | 9.9 | 9.5 | 14.0 | 17.5 | 13.8 | 22.7 | 15.4 | 19.5 | 20.8 |
| EV / sales | -2.8 | -1.3 | -8.0 | -11.1 | -18.7 | -14.8 | -7.5 | -7.4 | -5.5 | -3.4 |
| Earnings yield | 9.8% | 9.9% | 10.7% | 7.7% | 5.6% | 5.4% | 4.4% | 4.8% | 3.2% | 3.6% |
| Free cash flow yield | 10.1% | 10.0% | 10.4% | 7.1% | 5.6% | 7.1% | 4.2% | 6.3% | 5.0% | 4.7% |
| Dividend yield | 3.9% | 3.4% | 3.1% | 2.8% | 2.9% | 3.0% | 2.4% | 2.9% | 2.6% | 2.5% |
| Shareholder yield (dividends + buybacks) | 12.7% | 3.4% | 4.0% | 2.9% | 2.9% | 4.1% | 2.4% | 2.9% | 2.6% | 2.8% |
| Share price at fiscal year-end | $47.83 | $52.46 | $56.41 | $59.01 | $57.73 | $55.29 | $67.77 | $55.68 | $59.55 | $62.93 |
| Per share | ||||||||||
| Revenue per share | $10.94 | $11.66 | $12.26 | $9.92 | $8.07 | $7.71 | $7.63 | $7.47 | $7.36 | $7.11 |
| Earnings per share | $4.68 | $5.20 | $6.06 | $4.54 | $3.22 | $2.98 | $2.98 | $2.67 | $1.89 | $2.29 |
| Operating cash flow per share | $4.91 | $5.31 | $5.92 | $4.23 | $3.30 | $4.00 | $2.99 | $3.61 | $3.06 | $3.02 |
| Free cash flow per share | $4.81 | $5.24 | $5.88 | $4.20 | $3.25 | $3.91 | $2.84 | $3.49 | $2.95 | $2.95 |
| Cash per share | $85.18 | $72.70 | $156.90 | $171.92 | $214.77 | $173.76 | $127.83 | $114.93 | $104.72 | $91.64 |
| Book value per share | $37.57 | $33.35 | $28.94 | $22.38 | $30.78 | $31.34 | $27.08 | $23.01 | $22.34 | $21.86 |
| Tangible book value per share | $32.67 | $28.79 | $24.37 | $17.83 | $26.22 | $26.78 | $22.53 | $18.39 | $17.59 | $16.85 |
| Dividends per share | $1.89 | $1.76 | $1.72 | $1.68 | $1.65 | $1.64 | $1.63 | $1.59 | $1.56 | $1.55 |
| Capex per share | $0.09 | $0.07 | $0.04 | $0.03 | $0.05 | $0.08 | $0.15 | $0.12 | $0.10 | $0.07 |
| Debt per share | $6.42 | $5.18 | $2.88 | $2.73 | $6.11 | $4.50 | $2.92 | $3.83 | $4.43 | $4.60 |
| Shares outstanding | 24.8M | 26.7M | 26.7M | 26.9M | 26.9M | 27.0M | 27.0M | 26.8M | 26.4M | 25.7M |
| Change in shares outstanding | −6.9% | −0.1% | −0.7% | +0.1% | −0.3% | −0.2% | +0.9% | +1.3% | +2.9% | +0.4% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 12.7% | 16.7% | 23.5% | 17.1% | 10.3% | 10.2% | 11.9% | 11.9% | 8.7% | 10.8% |
| Return on assets (ROA) | 1.9% | 2.2% | 2.4% | 1.7% | 1.2% | 1.3% | 1.4% | 1.3% | 0.9% | 1.1% |
| Return on tangible assets | 2.0% | 2.3% | 2.6% | 1.8% | 1.2% | 1.2% | 1.5% | 1.3% | 0.9% | 1.1% |
| Free cash flow margin | 44.0% | 44.9% | 47.9% | 42.3% | 40.3% | 50.8% | 37.2% | 46.8% | 40.2% | 41.5% |
| Income quality (OCF / net income) | 1.05 | 1.02 | 0.98 | 0.93 | 1.03 | 1.34 | 1.00 | 1.35 | 1.61 | 1.32 |
| Financial health | ||||||||||
| Total debt | $159.5M | $138.3M | $77.0M | $73.5M | $164.2M | $121.4M | $79.0M | $102.5M | $116.9M | $118.2M |
| Cash & short-term investments | $2.12B | $1.94B | $4.19B | $4.63B | $5.77B | $4.68B | $3.45B | $3.07B | $2.77B | $2.35B |
| Net debt | −$1.96B | −$1.80B | −$4.11B | −$4.55B | −$5.61B | −$4.56B | −$3.37B | −$2.97B | −$2.65B | −$2.23B |
| Debt / equity | 0.17 | 0.16 | 0.10 | 0.12 | 0.20 | 0.14 | 0.11 | 0.17 | 0.20 | 0.21 |
| Debt / assets | 0.03 | 0.02 | 0.01 | 0.01 | 0.02 | 0.02 | 0.01 | 0.02 | 0.02 | 0.02 |
| Net debt / EBITDA | −11.94 | −9.03 | −17.63 | −24.99 | −41.95 | −35.25 | −26.81 | −25.76 | −23.40 | −22.37 |
| Current ratio | 0.43 | 0.39 | 0.77 | 0.75 | 0.89 | 0.82 | 0.71 | 0.62 | 0.57 | 0.49 |
| Quick ratio | 0.43 | 0.39 | 0.81 | 1.49 | 1.77 | 1.63 | 1.43 | 1.25 | 1.13 | 0.99 |
| Interest coverage | 11.4 | 10.9 | 57.0 | 86.0 | 59.9 | 58.6 | 55.7 | 46.5 | 45.9 | 37.8 |
| Working capital | −$2.82B | −$3.14B | −$1.28B | −$1.60B | −$749.0M | −$1.07B | −$1.39B | −$1.86B | −$2.15B | −$2.44B |
| Invested capital | −$1.02B | −$911.8M | −$3.34B | −$3.95B | −$4.78B | −$3.72B | −$2.64B | −$2.36B | −$2.06B | −$1.67B |
| Tangible asset value | $811.8M | $768.2M | $650.9M | $479.9M | $704.6M | $722.0M | $608.4M | $492.0M | $464.7M | $432.8M |
| Net current asset value | −$2.87B | −$3.20B | −$1.34B | −$1.66B | −$822.7M | −$1.18B | −$1.40B | −$1.85B | −$2.13B | −$2.43B |
| Graham number | $62.86 | $62.44 | $62.80 | $47.79 | $47.22 | $45.86 | $42.59 | $37.21 | $30.85 | $33.58 |
| Graham net-net per share | −$115.99 | −$120.39 | −$55.53 | −$149.47 | −$139.17 | −$131.77 | −$116.82 | −$127.41 | −$133.78 | −$141.09 |
| Capital allocation | ||||||||||
| Dividends paid | $46.9M | $47.0M | $46.0M | $45.2M | $44.3M | $44.3M | $43.9M | $42.6M | $41.3M | $39.9M |
| Share buybacks (net) | $103.8M | $210,000 | $13.7M | $218,000 | $232,000 | $16.5M | $488,000 | $524,000 | $314,000 | $5.4M |
| Dividend payout ratio | 40.4% | 33.9% | 28.4% | 37.0% | 51.2% | 55.1% | 54.7% | 59.6% | 82.6% | 67.8% |
| Dividends + buybacks / free cash flow | 126.0% | 33.7% | 38.0% | 40.2% | 51.0% | 57.6% | 57.9% | 46.2% | 53.3% | 59.8% |
| Capex / revenue | 0.8% | 0.6% | 0.4% | 0.3% | 0.6% | 1.1% | 1.9% | 1.6% | 1.4% | 1.0% |
| Capex / operating cash flow | 1.8% | 1.2% | 0.7% | 0.7% | 1.5% | 2.0% | 4.9% | 3.2% | 3.4% | 2.3% |
| Capex / depreciation | 0.31 | 0.17 | 0.10 | 0.05 | 0.08 | 0.10 | 0.19 | 0.13 | 0.10 | 0.09 |
| Stock-based compensation / revenue | 0.4% | 0.5% | 0.4% | 0.5% | 0.7% | 0.9% | 0.8% | 1.0% | 0.9% | 0.8% |
| SG&A / revenue | 26.0% | 31.9% | 14.6% | 17.3% | 22.1% | 24.4% | 24.8% | 26.5% | 26.5% | 28.2% |
| Efficiency | ||||||||||
| Days sales outstanding | 54.9 | 58.2 | 60.2 | 60.9 | 57.7 | 54.3 | 48.4 | 45.1 | 42.3 | 41.7 |
| Days of inventory on hand | — | — | -327,995.1 | -994,127.1 | -982,414.1 | -244,323.1 | -636,222.5 | -548,977.0 | — | 398,209.3 |
| Days payables outstanding | — | — | — | 1,198,266.2 | 1,129,720.3 | 312,926.1 | 935,647.0 | 903,133.0 | — | -1,556,536.4 |
| Cash conversion cycle (days) | — | — | — | -2,192,332.3 | -2,112,076.7 | -557,195.0 | -1,571,821.0 | -1,452,064.8 | — | 1,954,787.4 |
| Receivables turnover | 6.65 | 6.28 | 6.06 | 5.99 | 6.33 | 6.73 | 7.54 | 8.09 | 8.63 | 8.76 |
| Payables turnover | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −0.00 |
| Asset turnover | 0.05 | 0.05 | 0.05 | 0.04 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.03 |
| Average receivables | $40.9M | $49.6M | $54.1M | $44.5M | $34.3M | $30.9M | $27.3M | $24.7M | $22.5M | $20.8M |
| Average payables | — | — | — | $6.32B | $6.05B | $5.25B | $4.84B | $4.85B | $4.77B | $4.62B |
| Average inventory | — | — | −$2.46B | −$5.24B | −$5.26B | −$4.10B | −$3.29B | −$2.95B | −$2.58B | −$1.18B |
| Intangibles / total assets | 2.0% | 2.0% | 1.9% | 1.8% | 1.6% | 1.8% | 2.2% | 2.2% | 2.3% | 2.4% |
Computed from WABC's annual financial statements (latest annual report filed February 27, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
WABC valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Westamerica Bancorporation traded at 10.2 times earnings, against a 10-year median of 18.2. Based on the latest twelve months, the trailing P/E is 13.6 and the forward P/E is 21.1. Westamerica Bancorporation earned a return on equity of 12.7% in fiscal 2025. It ended the year with $159.5 million of debt and $2.1 billion in cash and short-term investments, a net cash position of $2.0 billion. It returned $150.7 million to shareholders: $46.9 million in dividends and $103.8 million in share buybacks, 126% of free cash flow. The share count fell 3.2% from 25.7M to 24.8M over 9 years.
See the WABC income statement, the WABC chart for price history, or the WABC stock overview for the latest quote and news.
WABC key metrics FAQ
What is Westamerica Bancorporation's P/E ratio?
Westamerica Bancorporation's trailing P/E ratio is 13.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 21.1. At the end of fiscal 2025 it was 10.2, compared with a 10-year median of 18.2.
What is Westamerica Bancorporation's return on equity?
Westamerica Bancorporation's return on equity (ROE) was 12.7% in fiscal 2025: net income of $116.2 million on average shareholders' equity of $911.7 million.
How much debt does Westamerica Bancorporation have?
Westamerica Bancorporation had total debt of $159.5 million at the end of fiscal 2025, a debt-to-equity ratio of 0.17 and more cash than debt.
What is Westamerica Bancorporation's dividend yield?
Westamerica Bancorporation's forward dividend yield is 3.13%. Westamerica Bancorporation paid $46.9 million in dividends in fiscal 2025 ($1.89 per share), a payout ratio of 40.4%.
Does Westamerica Bancorporation buy back its shares?
Yes. Westamerica Bancorporation spent $103.8 million on net share repurchases in fiscal 2025 Shares outstanding changed −6.9% over the year, to 24.8M..
What is Westamerica Bancorporation's free cash flow yield?
Westamerica Bancorporation generated $119.6 million of free cash flow in fiscal 2025, a free cash flow yield of 10.1% on its market value at year-end ($1.2 billion).
What is Westamerica Bancorporation's current ratio?
Westamerica Bancorporation's current ratio was 0.43 at the end of fiscal 2025: current assets were 0.43 times current liabilities.