CBSH
Commerce Bancshares
PEG ratio, current and historical analysis
- Stocks
- Financial Services
- NASDAQ: CBSH
- PEG Ratio
Commerce Bancshares is trading with a PEG ratio of 2.26, based on Jun 22, 2026 data. Dividing the 13.53 PE ratio by the 6.0% earnings growth rate yields this valuation metric. Relative to the 1.31 average from the previous four quarters, the PEG ratio has soared by 73%.
CBSH PEG ratio history
Historically, Commerce Bancshares shows a PEG ratio averaging 1.88 across the past ten years. At 2.26, today's PE to growth ratio sits 20% above its historical average. The ten years high occurred in the Sep 2024 quarter at 10.29, reflecting maximum valuation relative to growth. The minimum was hit in the Jun 2021 quarter at 0.18, indicating optimal value relative to growth during that period.
Commerce Bancshares PEG ratio by year
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| 2025 | 1.36 | 12.96 | 9.5% |
| 2024 | 1.36 | 16.08 | 11.8% |
| 2023 | N/A | 14.68 | -0.9% |
| 2022 | N/A | 17.66 | -6.5% |
| 2021 | 0.28 | 15.89 | 56.1% |
| 2020 | N/A | 22.58 | -14.6% |
| 2019 | N/A | 18.99 | -1.1% |
| 2018 | 0.39 | 14.84 | 37.8% |
| 2017 | 1.21 | 19.28 | 16% |
| 2016 | 3.15 | 22.05 | 7% |
| 2015 | 5.01 | 16.53 | 3.3% |
| 2014 | 23.74 | 16.62 | 0.7% |
| 2013 | N/A | 16.45 | -1.3% |
| 2012 | 1.57 | 12.07 | 7.7% |
| 2011 | 0.78 | 13.46 | 17.2% |
Commerce Bancshares PEG ratio by quarter (TTM)
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| Mar 2026 | 2.02 | 12.09 | 6% |
| Dec 2025 | 1.36 | 12.96 | 9.5% |
| Sep 2025 | 1 | 14.26 | 14.3% |
| Jun 2025 | 0.84 | 14.99 | 17.9% |
| Mar 2025 | 0.85 | 15.43 | 18.2% |
| Dec 2024 | 1.36 | 16.08 | 11.8% |
| Sep 2024 | 10.29 | 15.44 | 1.5% |
| Jun 2024 | N/A | 15.1 | -2.9% |
| Mar 2024 | N/A | 14.85 | -3.3% |
| Dec 2023 | N/A | 14.68 | -0.9% |
| Sep 2023 | 1.61 | 12.05 | 7.5% |
| Jun 2023 | 1.43 | 12.19 | 8.5% |
| Mar 2023 | N/A | 15 | -3.4% |
| Dec 2022 | N/A | 17.66 | -6.5% |
| Sep 2022 | N/A | 17.01 | -12.3% |
CBSH average PEG ratio chart
When comparing to historical values, CBSH's PEG ratio is higher than its 5 and 10-year averages, though it is below the 3-year average.
PEG comparison
Commerce Bancshares's PEG of 2.26 is above the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 0.46, Commerce Bancshares's PEG is 391% higher.
CBSH EPS growth
CBSH Price vs fair value
CBSH PEG vs peers
Compared to its peers, CBSH has a PEG ratio under stock EFSC, while above WTFC's and UMBF's. At 2.26, Commerce Bancshares's PEG ratio stands higher than the peer group average of 0.58.
| Stock name | PEG ratio | Market cap |
|---|---|---|
| UMBF Umb Financial Corp | 0.29 | $10.6B |
| HWBK Hawthorn Bancshares Inc | 0.41 | $273.1M |
| QCRH Qcr Holdings Inc | 0.61 | $1.58B |
| WTFC Wintrust Financial Corp | 0.73 | $10.61B |
| GSBC Great Southern Bancorp Inc | 0.91 | $826.74M |
| CBSH Commerce Bancshares Inc | 2.29 | $8.16B |
| EFSC Enterprise Financial Services Corp | 3.47 | $2.37B |
| NBHC National Bank Holdings Corp | N/A | $1.97B |
| FCNCA First Citizens Bancshares Inc | N/A | $24.46B |
Frequently asked questions
What is Commerce Bancshares's PEG ratio?
CBSH's Jun 22, 2026 PEG ratio comes in at 2.26.
What is the 3-year average PEG ratio for Commerce Bancshares (CBSH)?
Historical data over a 3-year period places CBSH's average PEG ratio at 2.31.
What is the 5-year average PEG ratio for Commerce Bancshares (CBSH)?
Historical data over a 5-year period places CBSH's average PEG ratio at 1.7.
What is the highest PEG ratio for CBSH?
In the last ten years, CBSH's peak PEG ratio of 10.29 was recorded in the Sep 2024 quarter.
How does the current PEG ratio for CBSH compare to its historical average?
Compared to the 10-year average, CBSH's PEG ratio is 20% higher.
Why is Commerce Bancshares's PEG ratio so high?
Slow earnings growth combined with a high valuation pushes CBSH's PEG ratio to 2.26.
How is CBSH's PEG ratio calculated (Commerce Bancshares PEG ratio formula)?
The PEG ratio comes from taking PE and dividing by the rate at which earnings are growing (YoY TTM). As of Jun 22, 2026, Commerce Bancshares has a P/E ratio of 13.53. Earnings grew at 6.0% over the TTM period ending Mar 2026. Applying the formula, this produces a price to earnings growth ratio of 2.26. PEG RATIO(2.26) = PE RATIO(13.53) / EPS GROWTH(6.0%)
All PEG ratio stats are based on quarterly TTM periods, unless otherwise specified.