Commerce Bancshares CBSH
United StatesFinancial Services · Banks - RegionalUSD
65.78 USD (+22.0%)
9 analysts
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Commerce Bancshares, Inc. is a US regional bank offering commercial and consumer banking services, wealth management, and investment products, primarily in the Midwest of the country.
Key points
from its scores- ✓High-quality business9.3
- ✓Favourable backdrop7.5
- ✕Poor share-price trend3.8
- !Somewhat demanding valuation5.5
- !Balance sheet could be stronger5.7
AI analysis
bottom line, main risk, context and newsCommerce Bancshares is a quality bank with reasonable valuation and sustainable dividend, although its earnings growth is limited and momentum is weak.
Commerce Bancshares presents solid financial health (ROE 14.69%, ROA 1.75%) and a notable competitive moat (operating margin 45.12%), with a reasonable valuation (P/E 13.21) and a sustainable dividend (payout 26.63%). Earnings growth is moderate (1.20%), which limits short-term appeal, but the quality of the business and its position in a rising rate environment provide stability.
The main risk is regulatory pressure on the US banking sector, which may limit the ability to return capital to shareholders and increase compliance costs, although the entity has no specific open litigation.
Context and risks
Commerce Bancshares operates in a US banking sector under active regulatory oversight, with capital requirements and stress tests that condition its ability to reward shareholders. The country's governance risk reflects a demanding but stable and predictable regulatory environment, with no specific litigation or investigations on the entity.
Is Commerce Bancshares stock cheap or expensive?
at the analysis dateOn P/E and Price / book, it trades in line with the Financial Services median (within 15%).
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 13.2 | 13.7 | −4% |
| Price / book | 1.8 | 1.9 | −4% |
| Price / sales | 4.2 | 3.5 | +21% |
Sector: median of the 351 Financial Services companies analysed. In bold, the multiples used for the comparison.
Valuation score: 5.5 out of 10 (median for Financial Services: 5.2).
Average analyst target: 65.78 USD, +22.0% versus the price.
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Financial Services medianValuation
- P/E
- 13.2
- Forward P/E
- 11.7
- Price / book
- 1.8
- Price / sales
- 4.2
- PEG
- 2.06
- Market cap
- 7.7B USD
- Enterprise value
- 6.1B USD
Profitability
- ROE
- 14.7%
- ROA
- 1.7%
- ROIC (approx.)
- 12.2%
- Gross margin
- 0.0%
- Operating margin
- 45.1%
- Net margin
- 31.6%
Solvency
- Total debt
- 2.5B USD
- Net debt
- −1.7B USD
- Cash
- 4.2B USD
Growth
- Revenue growth
- +14.2%
- Earnings growth
- +1.2%
- EPS (TTM)
- 4.08 USD
- EPS (forward)
- 4.60 USD
Dividend
- Dividend yield
- 2.0%
- Payout
- 26.6%
Risk and market
- Beta
- 0.59
- Analyst consensus
- Hold (9)
- Target price
- 65.78 USD
- 52-week range
- 46.99 – 60.92
Recent news
All CBSH news →Compare it with its sector
All 351 in Financial Services →Frequently asked questions about Commerce Bancshares
Is Commerce Bancshares stock cheap or expensive?
On P/E and Price / book, it trades in line with the Financial Services median (within 15%). Valuation score: 5.5 out of 10 (median for Financial Services: 5.2). Average analyst target: 65.78 USD, +22.0% versus the price. This is not investment advice.
What score does Commerce Bancshares get on MeridIAn Screener?
It scores 6.5 out of 10, rank 511 of 2,130 (better than 72% of the companies analysed). Its strongest category is Quality / Moat (9.3) and its weakest, Momentum (3.8). Analysis of 08/10/2026.
What is Commerce Bancshares's P/E ratio?
Its P/E is 13.2: the share price equals 13.2 times earnings per share over the last 12 months. The Financial Services median is 13.7. Based on the earnings analysts expect, the forward P/E is 11.7.
How much is Commerce Bancshares worth on the stock market?
Its market capitalisation is 7.7B USD.
Does Commerce Bancshares pay a dividend?
Yes: its dividend yield is 2.04% and it pays out 27% of its earnings.
How has Commerce Bancshares stock performed over the last year?
It has risen 2.0% over the last year, excluding dividends. Over the last 52 weeks it has traded between 46.99 and 60.92 USD. Past performance does not guarantee future results.
What do analysts think of Commerce Bancshares?
9 analysts cover it; their average recommendation is “Hold” and their average target is 65.78 USD (+22.0% versus the price). It is an estimate, not market data.