Stock AnalizCommerce Bancshares Inc. CBSH
Major Banks · data as of November 13, 2026
Commerce Bancshares Inc. (CBSH) is a financial company listed in the US with a market value of about $7.9B. In the twelve months to September 30, 2026 it had revenue of $1.9B and net income of $597M, a net margin of 31.1%.
Its overall Stock Analiz score is 2.2 out of 5 (weak). The strongest part is shareholder returns (4/5); the weakest is future growth (1/5).
Key numbers: a P/E of 13.4, a price to free cash flow of 6.2, 5-year revenue growth of 6% a year. A discounted cash flow model with moderate assumptions puts its intrinsic value about 36% below the current price.
Score: 2.2 / 5
Checks passed
- P/E below 25
- P/FCF below 20
- Profit margin improving
- Profitable 5 years in a row
- More cash than debt, or low debt to equity
- Positive free cash flow
- Debt below 3 years of free cash flow
- Pays a dividend
Checks not passed
- P/E below the industry median
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year EPS growth above 10% a year
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.9B | $1.8B | $1.7B | $1.6B | $1.5B | $1.4B | $1.3B | $1.3B | $1.3B | $1.2B | $1.1B |
| Net income | $597M | $566M | $526M | $477M | $488M | $531M | $354M | $421M | $434M | $319M | $275M |
| Free cash flow | $1.3B | $592M | $532M | $401M | $494M | $541M | $591M | $470M | $519M | $396M | $430M |
| EPS (diluted) | $4.15 | $4.04 | $3.69 | $3.30 | $3.50 | $3.91 | $2.64 | $3.25 | $3.43 | $2.62 | $2.37 |
| Net margin | 31.1% | 32.1% | 31.8% | 30.4% | 32.8% | 38.0% | 26.5% | 31.3% | 32.7% | 26.7% | 24.4% |
| ROIC | — | — | — | — | — | — | — | — | — | — | — |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 9 analysts is $64.06, 15% above the current price; targets range from $60.00 to $77.00; the consensus rating is “Hold”; expected EPS is $4.27 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Commerce Bancshares’s P/E ratio?
About 13.4, based on the last twelve months of diluted earnings per share (forward P/E about 12.6).
Is Commerce Bancshares stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 36% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Commerce Bancshares pay a dividend?
Yes. The dividend yield is about 1.97%, and it has paid dividends for 10 years in our data.
Is Commerce Bancshares a good stock to buy?
We do not give buy or sell advice. Commerce Bancshares scores 2.2 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.