As of Jul 26, 2024, the Commerce Bancshares stock's P/E ratio is 18.28. This takes into account the latest EPS of $3.56 and stock price of $65.08. The PE ratio has increased by 32% from its last 4 quarters average of 13.8.
The PE ratio of Commerce Bancshares has averaged 18.5 over the last ten years. The current price-to-earnings ratio of 18.28 is in line with the historical average. Analyzing the last ten years, CBSH's PE ratio reached its highest point in the Jun 2020 quarter at 26.22, when the price was $56.64 and the EPS was $2.16. The lowest point was recorded in the Sep 2023 quarter, when it reached 12.73 with a price of $47.98 and an EPS of $3.77.
Maximum annual increase: 39.58% in 2016
Maximum annual decrease: -29.54% in 2021
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 14.67 | -20.7% |
| 2022 | 18.5 | 10.78% |
| 2021 | 16.7 | -29.54% |
| 2020 | 23.7 | 13.56% |
| 2019 | 20.87 | 27.49% |
| 2018 | 16.37 | -22.75% |
| 2017 | 21.19 | -8.27% |
| 2016 | 23.1 | 39.58% |
| 2015 | 16.55 | -0.06% |
| 2014 | 16.56 | 0.24% |
Currently, CBSH's PE ratio is above its 3 and 5-year averages, but it is under its 10-year average.
When compared to its peers MOFG and HWBK, 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 (18.28) than its peers average of 13.01.
| Stock name | PE ratio | Market cap |
|---|---|---|
| WTFC Wintrust Financial Corp | 11.23 | $6.8B |
| QCRH Qcr Holdings Inc | 11.24 | $1.28B |
| EFSC Enterprise Financial Services Corp | 11.56 | $2.02B |
| FCNCA First Citizens Bancshares Inc | 11.71 | $30.66B |
| NBHC National Bank Holdings Corp | 12.38 | $1.64B |
| GSBC Great Southern Bancorp Inc | 12.7 | $756.72M |
| UMBF Umb Financial Corp | 13.11 | $4.84B |
| CBSH Commerce Bancshares Inc | 18.28 | $8.43B |
| MOFG MidWestOne Financial Group Inc | 20.15 | $457.22M |
| HWBK Hawthorn Bancshares Inc | 71.67 | $150.54M |
The price to earnings ratio for CBSH stock as of Jul 26, 2024, stands at 18.28.
Over the last 3 years, the average PE ratio for CBSH stock is 16.0.
Over the last 5 years, the average PE ratio for CBSH stock is 18.2.
Over the last ten years, the quarterly PE ratio reached its highest level at 26.22 in the Jun 2020 quarter.
CBSH's price to earnings ratio is currently 1.2% below its 10-year historical average.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Jul 26, 2024), Commerce Bancshares's share price is $65.08. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $3.56. Therefore, Commerce Bancshares's price to earnings ratio for today is 18.28. PE RATIO(18.28) = STOCK PRICE($65.08) / TTM EPS($3.56)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.