Question 1

What is Commerce Bancshares's P/E ratio?

Accepted Answer

Commerce Bancshares (CBSH) P/E ratio is 13.4× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Commerce Bancshares?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Commerce Bancshares specifically, the relevant sector benchmark is the current sector median of 12.8×.

Question 5

Is Commerce Bancshares's P/E ratio high or low?

Accepted Answer

Commerce Bancshares's P/E ratio of 13.4× is below its own 5-year average of 14.9× and above the sector median of 12.8×. That places the current reading at the 24th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Commerce Bancshares's historical P/E ratio range?

Accepted Answer

In the available daily series, Commerce Bancshares (CBSH) P/E ratio has ranged from a low of 10.8× in 2023 to a high of 21.7× in 2020. The 5-year average is 14.9× and the 5-year median is 14.9×.

Question 7

What was Commerce Bancshares's P/E ratio in 2025?

Accepted Answer

Commerce Bancshares (CBSH) P/E ratio at the end of 2025 was 12.7×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Commerce Bancshares's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$7.20B	$566.25M	12.7×	-3.1×	Dec 31, 2025
2024	$8.32B	$526.33M	15.8×	+1.2×	Dec 31, 2024
2023	$6.95B	$477.06M	14.6×	-2.8×	Dec 31, 2023
2022	$8.45B	$488.40M	17.3×	+1.5×	Dec 31, 2022
2021	$8.40B	$530.76M	15.8×	-5.9×	Dec 31, 2021
2020	$7.69B	$354.06M	21.7×	+3.8×	Dec 31, 2020
2019	$7.56B	$421.23M	18.0×	+3.4×	Dec 31, 2019
2018	$6.31B	$433.54M	14.5×	-4.2×	Dec 31, 2018
2017	$5.98B	$319.38M	18.7×	-2.7×	Dec 31, 2017
2016	$5.89B	$275.39M	21.4×	+5.7×	Dec 31, 2016
2015	$4.15B	$263.73M	15.7×	-0.5×	Dec 31, 2015
2014	$4.24B	$261.75M	16.2×	-0.2×	Dec 31, 2014
2013	$4.29B	$260.96M	16.4×	+4.5×	Dec 31, 2013
2012	$3.21B	$269.33M	11.9×	+0.6×	Dec 31, 2012
2011	$2.91B	$256.34M	11.3×	-2.1×	Dec 31, 2011
2010	$2.97B	$221.71M	13.4×	-3.1×	Dec 31, 2010
2009	$2.79B	$168.94M	16.5×	+1.3×	Dec 31, 2009
2008	$2.87B	$188.66M	15.2×	+1.8×	Dec 31, 2008
2007	$2.78B	$206.66M	13.4×	+0.2×	Dec 31, 2007
2006	$2.91B	$219.84M	13.2×	-0.3×	Dec 31, 2006
2005	$3.02B	$223.25M	13.5×	+0.3×	Dec 31, 2005
2004	$2.92B	$220.34M	13.3×	-0.6×	Dec 31, 2004
2003	$2.86B	$206.52M	13.9×	+2.5×	Dec 31, 2003
2002	$2.26B	$198.90M	11.3×	-0.7×	Dec 31, 2002
2001	$2.19B	$181.97M	12.1×	—	Dec 31, 2001


Globe Life (GL-PD)	9.7×
UMB Financial (UMBF)	9.7×
T. Rowe Price (TROW)	9.6×
Everest Re Group (RE)	9.6×
Old Republic International (ORI)	9.5×
First Financial (THFF)	9.3×
Globe Life (GL)	9.3×
The Hartford (HIG)	9.3×
Assured Guaranty (AGO)	8.9×
Cincinnati Financial (CINF)	8.8×
Federal Agricultural Mortgage (AGM)	8.8×
Ally Financial (ALLY)	8.7×
Travelers Companies (TRV)	8.3×
PayPal (PYPL)	8.2×
Farmers & Merchants Bancorp (FMCB)	8.0×
Chesapeake Financial Shares (CPKF)	7.6×
PSB Holdings (PSBQ)	7.5×
Arch Capital Group (ACGL)	7.1×
AXIS Capital Holdings (AXS)	7.0×
Tompkins Financial (TMP)	6.7×
Everest Re Group (EG)	6.5×
Synchrony Financial (SYF)	6.5×
Mercury General (MCY)	5.8×
RenaissanceRe Holdings (RNR)	4.5×
Allstate (ALL)	4.4×

P/E Ratio for Commerce Bancshares (CBSH)

P/E Ratio daily chart for Commerce Bancshares (CBSH)

Historical P/E Ratio for Commerce Bancshares (CBSH) from 2001 to 2025

About P/E Ratio at Commerce Bancshares (CBSH)

Commerce Bancshares P/E Ratio by Year

Commerce Bancshares P/E Ratio 2025: 12.7×

Commerce Bancshares P/E Ratio 2024: 15.8×

Commerce Bancshares P/E Ratio 2023: 14.6×

Commerce Bancshares P/E Ratio 2022: 17.3×

Commerce Bancshares P/E Ratio 2021: 15.8×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Commerce Bancshares (CBSH) Key Financials

P/E Ratio daily chart for Commerce Bancshares (CBSH)

Historical P/E Ratio for Commerce Bancshares (CBSH) from 2001 to 2025

About P/E Ratio at Commerce Bancshares (CBSH)

Commerce Bancshares P/E Ratio by Year

Commerce Bancshares P/E Ratio 2025: 12.7×

Commerce Bancshares P/E Ratio 2024: 15.8×

Commerce Bancshares P/E Ratio 2023: 14.6×

Commerce Bancshares P/E Ratio 2022: 17.3×

Commerce Bancshares P/E Ratio 2021: 15.8×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is Commerce Bancshares's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for Commerce Bancshares?

+Is Commerce Bancshares's P/E ratio high or low?

+What is Commerce Bancshares's historical P/E ratio range?

+What was Commerce Bancshares's P/E ratio in 2025?

+Why does Commerce Bancshares's P/E ratio change over time?

Commerce Bancshares (CBSH) Key Financials