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Commerce Bancshares price to book ratio CBSH

Market value divided by the book value of the company's net assets, since 2010.

Today, Oct 23, 2026
1.8×
10-year median
1.9×
Against its 10-year history
46th
percentile: 0 is its lowest day, 100 its highest
10-year range
1.2× to 3.1×
Peer median
1.3×

Commerce Bancshares' price to book ratio is 1.8× as of Oct 23, 2026.

That is below its ten-year median of 1.9×, close to the middle of its last ten years.

Over that time it ranged from 1.2× in Nov 2016 to 3.1× in Nov 2022.

The median for 10 regional banks of a similar size is 1.3×.

Price to book ratio over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far1.8×1.7×2.0×
20251.9×1.8×2.5×
20242.2×2.0×2.6×
20232.3×1.8×3.1×
20223.0×1.9×3.1×
20211.9×1.7×2.2×
20201.7×1.3×1.8×
20191.8×1.4×1.8×
20181.5×1.4×1.9×
20171.4×1.3×1.6×
20161.4×0.9×1.4×
20151.0×0.9×1.1×
20141.0×0.9×1.1×
20131.1×0.7×1.1×
20120.7×0.7×0.8×
20110.8×0.7×0.9×
20100.8×0.7×0.8×

Against its peers

Companies in Banks - Regional nearest Commerce Bancshares' size, closest first, today.

CompanyPrice to book ratio
CBSHCommerce Bancshares1.8×
WALWestern Alliance Bancorporation1.1×
PBProsperity Bancshares1.0×
COLBColumbia Banking System1.2×
UBSIUnited Bankshares1.2×
BPOPPopular1.6×
WTFCWintrust Financial1.4×
SSBSouthState Bank1.1×
GBCIGlacier Bancorp1.4×
HOMBHome Bancshares1.3×
HWCHancock Whitney1.3×
Peer median1.3×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Commerce Bancshares

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.