# Commerce Bancshares Inc. (CBSH) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Financial Services / Banks. Price $58.37, market value $8.4 billion.

## Valuation
- **P/E (trailing): 14.3×** (5-yr avg 14.4×, 3-yr avg 14.1×). Commerce Bancshares Inc. trades at 14.3× trailing earnings, close to its own five-year average of 14.4×. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 12.8×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 1.35**. A PEG of 1.35 is in the range usually read as fairly priced for its growth.
- **Price / book: 1.9×**. The shares trade at 1.9× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 14.5%**. Free cash flow equals 14.5% of the market value. Above 5% is generally attractive.
- **Earnings yield: 7.0%**. The inverse of the P/E: 7.0% of the price is earned each year.

## Profitability
- **Return on equity: 14.9%**. 14.9% on shareholders' equity is solid.

## Growth
- **EPS growth (1 yr): 9.5%** (3-yr 4.9%/yr, 5-yr 8.9%/yr). Earnings per share rose 9.5%.
- **Free-cash-flow growth (3 yr): 6.2%/yr**. Free cash flow has compounded at 6.2% a year over three years, keeping pace with earnings: the growth is real cash.

## Dividends
- **Dividend yield: 1.88%** ($1.07 per share, trailing). Commerce Bancshares Inc. yields 1.88%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 27%** (13% of free cash flow). 27% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 12**. 12 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 4.1%/yr** (1-yr 7.0%). The dividend has grown 4.1% a year over five years.

## Analyst view
- **Analyst consensus: hold** (9 analysts). 9 analysts cover Commerce Bancshares Inc.; the consensus is hold, with an average price target of $65.33 (+12% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 1.4%** (YTD 12.7%, 3-mo 10.0%). The shares are up 1.4% over twelve months including dividends.
- **From 52-week high: -4.2%** (24.2% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 49**. An RSI of 49 is neutral.
- **Beta (1 yr): 0.34** (volatility 20%). Beta of 0.34 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CBSH · Page: https://foliofundamentals.com/stocks/cbsh

Not investment advice.