Commerce BancsharesCBSH.OValuation Analysis

As of Oct 16, 2026, Commerce Bancshares (CBSH.O) trades at a P/E of 13.70x, P/B of 1.84x, P/S of 4.20x, and a dividend yield of 1.48%.
Longitudinal percentile comparison: P/E sits at the 14th percentile over the trailing 10Y window (vs. 29th percentile over 3Y); P/B sits at the 2nd percentile over the trailing 10Y window (vs. 5th percentile over 3Y); P/S sits at the 12th percentile over the trailing 10Y window (vs. 25th percentile over 3Y).
Cross-sectional valuation: its P/E ranks at the 45th percentile within its industry and the 34th percentile across the broader market.
Shareholder return highlight: Total Shareholder Yield is 4.08%, ranking at the 61st percentile over the trailing 20Y window.
Cross-checking P/E against P/B, the two percentiles sit within 11.3 points of each other — a consistent signal from both angles. The P/E percentile sits lower across the market than within its own industry — relatively cheaper next to the market as a whole. Of the 4.08% total shareholder yield, 1.48% is paid out as dividends and roughly 2.60% is implied to come from buybacks — both channels are meaningfully in play. Commerce Bancshares operates in the Finance, Insurance, And Real Estate sector. Data refreshes weekly and is for reference only, not investment advice.