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

Commerce Bancshares, Inc.

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%

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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 Valuation Filings

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

Alert me on P/E ratio

As of 5 November 2026, Commerce Bancshares, Inc. (CBSH) trades at a P/E ratio of 13.3×. Over the past ten years it has ranged from 9.9× (November 2023) to 25.1× (March 2021); the current reading is higher than 16% of that period. That is above the Banks Regional industry median of 12.0× and above the Financial sector median of 12.2×.

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<iframe src="https://stockrow.com/embed/CBSH/pe-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Commerce Bancshares, Inc. P/E ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/CBSH/metrics/pe-ratio">Commerce Bancshares, Inc. (CBSH) P/E ratio — stockrow.com</a></p>

Period	P/E ratio	Change
FY2025	12.5×	(15.38%)
FY2024	14.8×	9.23%
FY2023	13.5×	(14.74%)
FY2022	15.8×	9.84%
FY2021	14.4×	(29.31%)
FY2020	20.4×	19.15%
FY2019	17.1×	26.95%
FY2018	13.5×	(22.93%)
FY2017	17.5×	(12.16%)
FY2016	19.9×	8.97%

Period	P/E ratio	Change
Sep 2026	13.2×	(5.67%)
Jun 2026	14.0×	18.51%
Mar 2026	11.8×	(5.55%)
Dec 2025	12.5×	(8.03%)
43 more quarters	Free account

Against its own ten years

Low 9.9× High 25.1×

Ten-year median 15.8×

Current reading's percentile 17

Company	P/E ratio
ZION Zions Bancorporation, N.A. compare	8.0×
WAL Western Alliance Bancorporation compare	8.4×
COLB Columbia Banking System, Inc. compare	10.6×
VLY Valley National Bancorp compare	11.0×
BOKF BOK Financial Corporation compare	11.8×
UBSI United Bankshares, Inc. compare	13.1×
PB Prosperity Bancshares, Inc. compare	13.1×
CBSH Commerce Bancshares, Inc.	13.3×
CBC Central Bancompany compare	20.6×
Banks Regional industry median	12.0×
Financial sector median	12.2×
Market median	17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on CBSH

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on CBSH

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