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Friday 6 November 2026 Export CBSH’s income statement to Excel — free account

Commerce Bancshares, Inc.

CBSH Financial Banks Regional

Commerce Bancshares, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.1 billion, up 2.23% from fiscal 2024.

Revenue
+8.97%
EPS
+1.89%
Free cash flow
+68.3%
Total debt
+74.4%

Quarter to September 2026, against a year earlier

55.23 0.93 −1.66%
Market cap
$7.8B
P/E
13.3×
Fwd P/E
13.0×
Dividend yield
1.97%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Valuation Filings

Commerce Bancshares, Inc. (CBSH) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Commerce Bancshares, Inc. (CBSH) trades at a P/B ratio of 1.9×. Over the past ten years it has ranged from 1.6× (April 2020) to 3.4× (November 2022); the current reading is higher than 10% of that period. That is above the Banks Regional industry median of 1.2× and above the Financial sector median of 1.3×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 1.9× (24.30%)
FY2024 2.5× 5.81%
FY2023 2.4× (26.87%)
FY2022 3.3× 47.77%
FY2021 2.2× 7.85%
FY2020 2.0× (12.93%)
FY2019 2.3× 15.45%
FY2018 2.0× (2.53%)
FY2017 2.1× (6.41%)
FY2016 2.2× 7.60%

Quarterly newest first

Period P/B ratio Change
Sep 2026 1.9× (1.95%)
Jun 2026 1.9× 14.65%
Mar 2026 1.7× (12.93%)
Dec 2025 1.9× (4.11%)
43 more quarters

Against its own ten years

Low 1.6× High 3.4×
Ten-year median 2.2×
Current reading's percentile 11

P/B ratio against peers

Company P/B ratio
VLY Valley National Bancorp compare 1.0×
PB Prosperity Bancshares, Inc. compare 1.0×
WAL Western Alliance Bancorporation compare 1.1×
COLB Columbia Banking System, Inc. compare 1.2×
UBSI United Bankshares, Inc. compare 1.2×
ZION Zions Bancorporation, N.A. compare 1.2×
BOKF BOK Financial Corporation compare 1.3×
CBSH Commerce Bancshares, Inc. 1.9×
CBC Central Bancompany compare 2.3×
Banks Regional industry median 1.2×
Financial sector median 1.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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