US · USD
CBSH
Commerce Bancshares Inc
- Day's range
- $54.52 – $55.39
- Day's volume
- $36.1M
- 52-week range
- $47.02 – $60.05
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See how CBSH weighs in your net worth, what it has paid you and how far it is from your target allocation.
Create a free accountCBSH in numbers
- Market cap
- $7.9B
- P/E
- 13.46
- P/B
- 1.80
- Dividend yield (12m)
- 2.01%
The 12-month dividend yield of CBSH is 2.01%, above its 5-year average of 1.94%.
CBSH price history
CBSH risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | +8.89% | +32.76% | +4.50% |
| Volatility (annualized) | 15.19% | 21.69% | 22.55% |
| Largest drawdown | -7.21% | -24.40% | -40.36% |
| Positive months | 7/12 | 19/36 | 30/60 |
How much did investing in CBSH return?
$1,000.00 invested on 11/01/2021 would be worth $1,045.02 today.
- Value today in CBSH
- $1,045.02
- Return over the period
- +4.50%
- Return per year
- +0.90%
- In the S&P 500
- $1,712.05
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
CBSH fundamentals
Valuation
- P/E13.46
- P/B1.80
- EV/EBITDA—
- EV/EBIT—
- EV/Revenue—
- P/EBIT—
- P/S—
- P/OCF6.23
- P/FCF6.48
- Earnings yield—
- PEG ratio—
- Earnings per share$4.07
- Book value per share$30.38
Profitability
- ROE13.39%
- ROA1.65%
- ROIC—
- Payout27.04%
Growth
- Revenue CAGR (5 years)—
- Earnings CAGR (5 years)0.99%
- Revenue growth (year)—
- Earnings growth (year)—
- Revenue growth (quarter)—
- Earnings growth (quarter)—
What is CBSH's fair price?
Two classic value formulas, with today's numbers. The current price is $54.78.
- Graham's fair price
- $52.74
- 3.73% below the price
√(22.50 × $4.07 × $30.38)
Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.
- Bazin's ceiling price
- $17.90
- 67.32% below the price
$1.07 (5-year average) ÷ 6%
Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.
Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.
CBSH's indicators by year
Multiples at each year's closing price; margins and returns from that year's statements.
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| P/E | 14.26 | 16.64 | 14.54 | 16.57 | 14.94 | 20.69 | 17.22 | 13.73 |
| P/B | 2.13 | 2.65 | 2.36 | 3.28 | 2.31 | 2.16 | 2.31 | 2.03 |
| Dividend yield | 2.10% | 1.82% | 2.23% | 1.80% | 1.77% | 2.00% | 1.95% | 2.13% |
| Earnings per share | $3.86 | $3.93 | $3.67 | $3.91 | $4.38 | $3.02 | $3.76 | $3.91 |
| Book value per share | $25.81 | $24.72 | $22.67 | $19.75 | $28.38 | $29.02 | $27.97 | $26.43 |
| ROE | 14.94% | 15.90% | 16.20% | 19.81% | 15.44% | 10.42% | 13.44% | 14.79% |
CBSH's financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | — | — | — | — | — | — |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| EBITDA | — | — | — | — | — | — |
| EBIT | — | — | — | — | — | — |
| Financial result | — | — | — | — | — | — |
| Income before tax | $731.8M | $679.5M | $619.7M | $632.4M | $686.3M | $441.2M |
| Income tax | -$161.1M | -$145.1M | -$134.5M | -$132.4M | -$145.7M | -$87.3M |
| Net income | $566.3M | $526.3M | $477.1M | $488.4M | $530.8M | $354.1M |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
Does CBSH pay dividends?
Dividend yield per year
- 2.16%2017
- 2.13%2018
- 1.95%2019
- 2.00%2020
- 1.77%2021
- 1.80%2022
- 2.23%2023
- 1.82%2024
- 2.10%2025
- 1.51%2026
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 09/03/2026 | 09/22/2026 | $0.28 |
| Dividend | 06/04/2026 | 06/23/2026 | $0.28 |
| Dividend | 03/05/2026 | 03/24/2026 | $0.28 |
| Dividend | 12/01/2025 | 12/15/2025 | $0.28 |
| Dividend | 09/04/2025 | 09/23/2025 | $0.28 |
| Dividend | 06/05/2025 | 06/24/2025 | $0.28 |
| Dividend | 03/06/2025 | 03/25/2025 | $0.28 |
| Dividend | 12/02/2024 | 12/17/2024 | $0.27 |
| Dividend | 09/04/2024 | 09/23/2024 | $0.27 |
| Dividend | 06/04/2024 | 06/18/2024 | $0.27 |
| Dividend | 03/05/2024 | 03/25/2024 | $0.27 |
| Dividend | 11/30/2023 | 12/18/2023 | $0.27 |
See all 40 distributions
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 09/04/2023 | 09/25/2023 | $0.27 |
| Dividend | 06/01/2023 | 06/20/2023 | $0.27 |
| Dividend | 03/03/2023 | 03/27/2023 | $0.27 |
| Dividend | 11/30/2022 | 12/16/2022 | $0.27 |
| Dividend | 09/05/2022 | 09/22/2022 | $0.27 |
| Dividend | 06/03/2022 | 06/22/2022 | $0.27 |
| Dividend | 03/04/2022 | 03/23/2022 | $0.27 |
| Dividend | 11/30/2021 | 12/17/2021 | $0.26 |
| Dividend | 09/02/2021 | 09/23/2021 | $0.26 |
| Dividend | 06/02/2021 | 06/21/2021 | $0.26 |
| Dividend | 03/05/2021 | 03/24/2021 | $0.26 |
| Dividend | 11/30/2020 | 12/18/2020 | $0.27 |
| Dividend | 09/02/2020 | 09/21/2020 | $0.27 |
| Dividend | 06/03/2020 | 06/22/2020 | $0.27 |
| Dividend | 03/04/2020 | 03/23/2020 | $0.27 |
| Dividend | 11/29/2019 | 12/18/2019 | $0.26 |
| Dividend | 09/04/2019 | 09/23/2019 | $0.26 |
| Dividend | 06/05/2019 | 06/24/2019 | $0.26 |
| Dividend | 03/06/2019 | 03/25/2019 | $0.26 |
| Dividend | 11/28/2018 | 12/17/2018 | $0.24 |
| Dividend | 09/05/2018 | 09/24/2018 | $0.24 |
| Dividend | 06/06/2018 | 06/25/2018 | $0.24 |
| Dividend | 03/07/2018 | 03/26/2018 | $0.24 |
| Dividend | 11/28/2017 | 12/18/2017 | $0.23 |
| Dividend | 09/06/2017 | 09/25/2017 | $0.23 |
| Dividend | 06/06/2017 | 06/26/2017 | $0.23 |
| Dividend | 03/07/2017 | 03/27/2017 | $0.23 |
| Dividend | 11/29/2016 | 12/19/2016 | $0.23 |
About Commerce Bancshares
- Sector
- Finance, insurance and real estate
Questions about CBSH
How much is CBSH today?
CBSH is at $54.78 (-0.65% on the day), last traded on 10/06/2026.
How much did CBSH pay in dividends in 2025?
CBSH paid $1.10 per share in 2025, a dividend yield of 2.10%.
What are the P/E and P/B of CBSH?
CBSH trades at a P/E of 13.46 and a P/B of 1.80.
How much did CBSH return in 12 months?
CBSH returned 8.89% in 12 months, with annualized volatility of 15.19% and a largest drawdown of -7.21%.