Valuation dashboard for Commerce Bancshares, Inc. (CBSH) with P/E 13.17, P/B 1.87, EV/EBITDA 9.81 and dividend yield 2.00%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Financial Services companies.
Commerce Bancshares, Inc. functions as the parent organization for Commerce Bank, delivering a comprehensive suite of financial products and services. These offerings span retail banking, mortgage services, corporate finance, investment solutions, trust administration, and asset management, catering to both individuals and businesses across the United States. Its operational structure is divided into three principal divisions: Consumer, Commercial, and Wealth Management.
Analysis Summary
Commerce Bancshares, Inc. reported revenue of $2.14B in the most recent fiscal year, growing at a 5-year CAGR of 9.0%. Net income reached $566.3M, with a 9.8% 5-year CAGR.
Trailing-twelve-month margins: gross margin 81.1%, operating margin 34.9%, net margin 27.0%.
At $55.06 (closing price, October 30, 2026), CBSH trades at a P/E of 13.17 and an ROE of 14.35%. Market capitalisation stands at $7.8B.
Balance sheet quality for CBSH: current ratio of 0.0. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Valuation Ratios
| P/E Ratio | 13.17 |
| Price / Book | 1.87 |
| EV / EBITDA | 9.81 |
| Dividend Yield | 2.00% |
Valuation Models
| DCF Fair Value | $51.89 |
| vs Current Price | -5.8% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| CBSH | Commerce Bancshares, Inc. | $7.8B | 13.17 | 1.87 | 14.4% |
| FCNCA | First Citizens BancShares, Inc. | $26.1B | 12.06 | 1.23 | 10.9% |
| WTFC | Wintrust Financial Corporation | $10.3B | 11.55 | 1.41 | 12.5% |
| UMBF | UMB Financial Corporation | $10.2B | 10.18 | 1.30 | 13.2% |
| BOKF | BOK Financial Corporation | $7.9B | 11.76 | 1.32 | 11.2% |
| BANF | BancFirst Corporation | $3.7B | 14.65 | 1.86 | 13.3% |
| FIBK | First Interstate BancSystem, Inc. | $3.6B | 11.73 | 1.13 | 9.5% |
| RF | Regions Financial Corporation | $24.3B | 11.20 | 1.36 | 12.3% |
Price
| Price | $55.06 (closing price, October 30, 2026) |
| Market Cap | $7.8B |
| Exchange | NASDAQ |
| Country | US |
Profitability
| Return on Equity | 14.35% |
| Return on Invested Capital | 7.94% |
| Return on Assets | 1.71% |
| Gross Margin | 81.12% |
| Operating Margin | 34.91% |
| Net Margin | 26.97% |
Related companies: FCNCA · WTFC · UMBF · BOKF · BANF · FIBK · RF · PB
Explore sector: Financial Services · Banks - Regional
More sections of CBSH: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events
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