Last 48 quarters of trend data · Financial Services · Banks - Diversified
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Canadian Imperial Bank of Commerce's quarterly P/E stands at 11.0x, up 42.7% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has compressed 45.0% YoY to 17.1x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 19.08 | 11.01 | 7.20 | 9.42 | 8.31 | 7.71 | 7.19 | 8.19 | 7.10 | 6.52 | 6.38 | 5.76 | 7.49 |
| — | +42.7% | +0.0% | +15.0% | +17.0% | +18.3% | +12.7% | +42.1% | -5.3% | +9.4% | -78.2% | -36.0% | +5.5% | |
| P/S Ratio | 2.44 | 1.24 | 1.00 | 1.25 | 1.10 | 0.99 | 0.92 | 0.92 | 0.74 | 0.70 | 0.67 | 0.54 | 0.71 |
| — | +26.3% | +8.0% | +36.3% | +48.1% | +40.4% | +37.5% | +69.7% | +4.1% | -3.6% | -15.8% | -45.6% | -49.6% | |
| P/B Ratio | 2.39 | 1.15 | 0.96 | 1.20 | 1.07 | 0.96 | 0.97 | 1.01 | 0.85 | 0.79 | 0.78 | 0.61 | 0.79 |
| — | +19.9% | -0.8% | +19.6% | +25.9% | +21.5% | +24.9% | +63.9% | +7.3% | +6.0% | -6.6% | -24.9% | -16.0% | |
| P/FCF | — | 0.92 | — | — | 3.00 | 22.21 | 1.34 | — | 1.02 | 3.40 | — | 0.69 | — |
| — | -95.8% | — | — | +195.0% | +554.2% | — | — | — | +118.4% | — | -43.2% | — | |
| EV / EBITDA | 37.27 | 17.15 | 14.87 | 30.29 | 31.69 | 31.15 | 28.68 | 29.86 | 28.03 | 29.35 | 28.09 | 28.89 | 33.22 |
| — | -45.0% | -48.2% | +1.5% | +13.0% | +6.1% | +2.1% | +3.4% | -15.6% | +12.2% | -30.4% | -13.2% | +13.6% | |
| EV / EBIT | 41.28 | 18.77 | 16.51 | 33.81 | 35.03 | 34.52 | 31.58 | 33.44 | 31.68 | 33.29 | 31.66 | 33.69 | 38.25 |
| — | -45.6% | -47.7% | +1.1% | +10.6% | +3.7% | -0.2% | -0.7% | -17.2% | +12.3% | -36.6% | -14.8% | +16.7% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Canadian Imperial Bank of Commerce's operating margin was 21.0% in Q2 2026, down 1.1 pp QoQ and up 3.8 pp YoY. The trailing four-quarter average of 19.7% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 14.1% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 43.0% | 48.3% | 49.0% | 44.8% | 43.7% | 42.4% | 41.3% | 38.2% | 37.0% | 36.0% | 35.8% | 35.1% | 35.9% |
| — | +14.1% | +18.7% | +17.4% | +18.1% | +17.8% | +15.3% | +8.6% | +2.9% | -9.4% | -17.5% | -26.1% | -45.1% | |
| Operating Margin | 17.6% | 21.0% | 22.1% | 18.0% | 17.8% | 17.3% | 17.5% | 14.9% | 14.8% | 13.7% | 13.8% | 12.3% | 12.7% |
| — | +21.9% | +26.5% | +21.1% | +20.5% | +25.5% | +26.5% | +20.5% | +16.3% | -14.9% | +53.3% | -12.9% | -51.9% | |
| Net Margin | 13.6% | 16.1% | 19.6% | 14.0% | 13.7% | 13.3% | 13.4% | 11.6% | 10.8% | 11.1% | 10.9% | 9.8% | 10.0% |
| — | +21.6% | +46.2% | +21.1% | +26.7% | +19.3% | +22.3% | +18.5% | +8.3% | -12.7% | +235.0% | -14.0% | -51.2% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.7% | 3.7% | 4.8% | 3.4% | 3.4% | 3.2% | 3.6% | 3.2% | 3.1% | 3.2% | 3.2% | 2.8% | 2.8% |
| — | +15.4% | +32.8% | +6.4% | +6.6% | +2.3% | +12.3% | +13.7% | +13.9% | -4.4% | +277.6% | +18.8% | -19.4% | |
| ROA | 0.8% | 0.2% | 0.3% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% |
| — | +16.5% | +35.2% | +7.9% | +8.2% | +4.4% | +15.6% | +18.1% | +16.6% | -2.5% | +287.3% | +20.2% | -18.3% | |
| ROIC | 2.1% | 1.0% | 0.8% | 0.5% | 0.5% | 0.5% | 0.5% | 0.5% | 0.5% | 0.5% | 0.5% | 0.4% | 0.4% |
| — | +106.9% | +47.3% | +1.2% | -5.7% | +0.6% | +11.0% | +15.2% | +22.3% | -9.0% | +68.8% | +23.3% | -17.3% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Canadian Imperial Bank of Commerce's Debt/EBITDA ratio is 51.8x, up from 45.8x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 36.7% YoY to 0.10x, tightening the short-term liquidity position.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 5.52 | 2.75 | 2.65 | 5.52 | 5.87 | 5.63 | 5.61 | 5.40 | 5.33 | 5.24 | 5.14 | 5.30 | 5.38 |
| — | -51.2% | -52.7% | +2.3% | +10.2% | +7.6% | +9.1% | +1.9% | -1.0% | +1.0% | +5.2% | +0.9% | -6.4% | |
| Debt / EBITDA | 29.37 | 51.76 | 45.78 | 114.19 | 122.83 | 121.23 | 110.91 | 118.19 | 111.76 | 119.58 | 114.14 | 129.60 | 132.82 |
| — | -57.3% | -58.7% | -3.4% | +9.9% | +1.4% | -2.8% | -8.8% | -15.9% | +7.8% | -32.2% | -14.4% | +13.8% | |
| Current Ratio | 0.13 | 0.10 | 0.07 | 0.13 | 0.17 | 0.16 | 0.16 | 0.14 | 0.16 | 0.16 | 0.16 | 0.19 | 0.15 |
| — | -36.7% | -54.5% | -4.9% | +3.0% | +2.2% | -0.2% | -27.8% | +11.6% | -2.7% | -0.7% | -11.2% | -8.4% | |
| Quick Ratio | 0.13 | 0.10 | 0.07 | 0.13 | 0.17 | 0.16 | 0.16 | 0.14 | 0.16 | 0.16 | 0.16 | 0.19 | 0.15 |
| — | -36.7% | -54.5% | -4.9% | +3.0% | +2.2% | -0.2% | -27.8% | +11.6% | -2.7% | -0.7% | -11.2% | -8.4% | |
| Interest Coverage | 0.33 | 0.44 | 0.46 | 0.35 | 0.34 | 0.32 | 0.32 | 0.25 | 0.25 | 0.23 | 0.23 | 0.20 | 0.22 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying CM stock.
Canadian Imperial Bank of Commerce's current P/E is 19.1x. The average P/E over the last 4 quarters is 9.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Canadian Imperial Bank of Commerce's current operating margin is 17.6%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Canadian Imperial Bank of Commerce's business trajectory between earnings reports.