CBSH
Commerce Bancshares
PE ratio, current and historical analysis
- Stocks
- Financial Services
- NASDAQ: CBSH
- PE Ratio
As of Jun 16, 2026, the Commerce Bancshares stock's P/E ratio is 13.57. This takes into account the latest EPS of $4.07 and stock price of $55.25. The PE ratio at present is nearly equal to the average from the previous 4 quarters.
CBSH PE ratio history
The PE ratio of Commerce Bancshares has averaged 16.97 over the last ten years. The current price-to-earnings ratio of 13.57 is 20% less than the historical average. Analyzing the last ten years, CBSH's PE ratio reached its highest point in the Jun 2020 quarter at 22.64, when the price was $44.38 and the EPS was $1.96. The lowest point was recorded in the Sep 2023 quarter, when it reached 12.05 with a price of $41.45 and an EPS of $3.44.
Commerce Bancshares PE ratio by year
Maximum annual increase: 36.29% in 2013
Maximum annual decrease: -29.63% in 2021
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 12.96 | -19.4% | $52.34 | $4.04 |
| 2024 | 16.08 | 9.54% | $59.34 | $3.69 |
| 2023 | 14.68 | -16.87% | $48.44 | $3.3 |
| 2022 | 17.66 | 11.14% | $58.8 | $3.33 |
| 2021 | 15.89 | -29.63% | $56.55 | $3.56 |
| 2020 | 22.58 | 18.9% | $51.48 | $2.28 |
| 2019 | 18.99 | 27.96% | $50.7 | $2.67 |
| 2018 | 14.84 | -23.03% | $40.06 | $2.7 |
| 2017 | 19.28 | -12.56% | $37.8 | $1.96 |
| 2016 | 22.05 | 33.39% | $37.27 | $1.69 |
| 2015 | 16.53 | -0.54% | $26.12 | $1.58 |
| 2014 | 16.62 | 1.03% | $25.43 | $1.53 |
| 2013 | 16.45 | 36.29% | $25.01 | $1.52 |
| 2012 | 12.07 | -10.33% | $18.59 | $1.54 |
| 2011 | 13.46 | -14.05% | $19.25 | $1.43 |
Commerce Bancshares PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 12.09 | -6.71% | $49.2 | $4.07 |
| Dec 2025 | 12.96 | -9.12% | $52.34 | $4.04 |
| Sep 2025 | 14.26 | -4.87% | $56.91 | $3.99 |
| Jun 2025 | 14.99 | -2.85% | $59.21 | $3.95 |
| Mar 2025 | 15.43 | -4.04% | $59.27 | $3.84 |
| Dec 2024 | 16.08 | 4.15% | $59.34 | $3.69 |
| Sep 2024 | 15.44 | 2.25% | $53.88 | $3.49 |
| Jun 2024 | 15.1 | 1.68% | $50.59 | $3.35 |
| Mar 2024 | 14.85 | 1.16% | $48.25 | $3.25 |
| Dec 2023 | 14.68 | 21.83% | $48.44 | $3.3 |
| Sep 2023 | 12.05 | -1.15% | $41.45 | $3.44 |
| Jun 2023 | 12.19 | -18.73% | $42.07 | $3.45 |
| Mar 2023 | 15 | -15.06% | $50.41 | $3.36 |
| Dec 2022 | 17.66 | 3.82% | $58.8 | $3.33 |
| Sep 2022 | 17.01 | 0.18% | $54.43 | $3.2 |
CBSH Price vs fair value
CBSH average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
Currently, CBSH's PE ratio is under its 3, 5 and 10-year averages.
PE comparison
Commerce Bancshares's price to earnings (P/E) of 13.57 is higher than the Financial Services sector, the industry and its peers average. Looking at the Financial Services sector average of 12.74, Commerce Bancshares's price to earnings (P/E) is 7% higher.
CBSH PE vs peers
When compared to its peer NBHC, CBSH's PE ratio is lower, but it is higher than FCNCA's and WTFC's. Commerce Bancshares is currently trading at a higher PE ratio (13.57) than its peers average of 12.34.
| Stock name | PE ratio | Market cap |
|---|---|---|
| HWBK Hawthorn Bancshares Inc | 10.33 | $249.45M |
| GSBC Great Southern Bancorp Inc | 11.77 | $814.48M |
| EFSC Enterprise Financial Services Corp | 11.79 | $2.29B |
| UMBF Umb Financial Corp | 11.91 | $10.28B |
| QCRH Qcr Holdings Inc | 11.92 | $1.58B |
| FCNCA First Citizens Bancshares Inc | 12.07 | $24.27B |
| WTFC Wintrust Financial Corp | 12.99 | $10.6B |
| CBSH Commerce Bancshares Inc | 13.57 | $8.05B |
| NBHC National Bank Holdings Corp | 15.96 | $1.92B |
Frequently asked questions
What is Commerce Bancshares's PE ratio?
The price to earnings ratio for CBSH stock as of Jun 16, 2026, stands at 13.57.
What is the 3-year average PE ratio for Commerce Bancshares (CBSH)?
Over the last 3 years, the average PE ratio for CBSH stock is 14.18.
What is the 5-year average PE ratio for Commerce Bancshares (CBSH)?
Over the last 5 years, the average PE ratio for CBSH stock is 15.03.
What is the highest PE ratio for CBSH?
Over the last ten years, the quarterly PE ratio reached its highest level at 22.64 in the Jun 2020 quarter.
How does the current PE ratio for CBSH compare to its historical average?
CBSH's price to earnings ratio is currently 20% below its 10-year historical average.
How is CBSH's PE ratio calculated (Commerce Bancshares PE ratio formula)?
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Jun 16, 2026), Commerce Bancshares's share price is $55.25. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $4.07. Therefore, Commerce Bancshares's price to earnings ratio for today is 13.57. PE RATIO(13.57) = STOCK PRICE($55.25) / TTM EPS($4.07)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.