Last 46 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 9.4x, up 15.0% year-over-year — indicating the stock has re-rated higher or earnings have softened.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 17.62 | 9.42 | 8.31 | 7.71 | 7.19 | 8.19 | 7.10 | 6.52 | 6.38 | 5.76 | 7.49 | 5.96 | 29.24 |
| — | +15.0% | +17.0% | +18.3% | +12.7% | +42.1% | -5.3% | +9.4% | -78.2% | -36.0% | +5.5% | -30.2% | +274.6% | |
| P/S Ratio | 2.26 | 1.25 | 1.10 | 0.99 | 0.92 | 0.92 | 0.74 | 0.70 | 0.67 | 0.54 | 0.71 | 0.73 | 0.80 |
| — | +36.3% | +48.1% | +40.4% | +37.5% | +69.7% | +4.1% | -3.6% | -15.8% | -45.6% | -49.6% | -62.1% | -64.7% | |
| P/B Ratio | 2.21 | 1.20 | 1.07 | 0.96 | 0.97 | 1.01 | 0.85 | 0.79 | 0.78 | 0.61 | 0.79 | 0.74 | 0.83 |
| — | +19.6% | +25.9% | +21.5% | +24.9% | +63.9% | +7.3% | +6.0% | -6.6% | -24.9% | -16.0% | -28.8% | -30.9% | |
| P/FCF | — | — | 3.00 | 22.21 | 1.34 | — | 1.02 | 3.40 | — | 0.69 | — | 1.55 | — |
| — | — | +195.0% | +554.2% | — | — | — | +118.4% | — | -43.2% | — | -17.7% | — | |
| EV / EBITDA | 36.31 | 30.29 | 31.69 | 31.15 | 28.68 | 29.86 | 28.03 | 29.35 | 28.09 | 28.89 | 33.22 | 26.17 | 40.36 |
| — | +1.5% | +13.0% | +6.1% | +2.1% | +3.4% | -15.6% | +12.2% | -30.4% | -13.2% | +13.6% | -10.3% | +63.0% | |
| EV / EBIT | 40.22 | 33.81 | 35.03 | 34.52 | 31.58 | 33.44 | 31.68 | 33.29 | 31.66 | 33.69 | 38.25 | 29.64 | 49.90 |
| — | +1.1% | +10.6% | +3.7% | -0.2% | -0.7% | -17.2% | +12.3% | -36.6% | -14.8% | +16.7% | -10.2% | +82.3% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Canadian Imperial Bank of Commerce's operating margin was 18.0% in Q4 2025, up 0.2 pp QoQ and up 3.1 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. Gross margin expanded 17.4% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 43.0% | 44.8% | 43.7% | 42.4% | 41.3% | 38.2% | 37.0% | 36.0% | 35.8% | 35.1% | 35.9% | 39.7% | 43.4% |
| — | +17.4% | +18.1% | +17.8% | +15.3% | +8.6% | +2.9% | -9.4% | -17.5% | -26.1% | -45.1% | -49.7% | -49.5% | |
| Operating Margin | 17.6% | 18.0% | 17.8% | 17.3% | 17.5% | 14.9% | 14.8% | 13.7% | 13.8% | 12.3% | 12.7% | 16.2% | 9.0% |
| — | +21.1% | +20.5% | +25.5% | +26.5% | +20.5% | +16.3% | -14.9% | +53.3% | -12.9% | -51.9% | -46.3% | -76.3% | |
| Net Margin | 13.6% | 14.0% | 13.7% | 13.3% | 13.4% | 11.6% | 10.8% | 11.1% | 10.9% | 9.8% | 10.0% | 12.7% | 3.3% |
| — | +21.1% | +26.7% | +19.3% | +22.3% | +18.5% | +8.3% | -12.7% | +235.0% | -14.0% | -51.2% | -45.3% | -89.0% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.7% | 3.4% | 3.4% | 3.2% | 3.6% | 3.2% | 3.1% | 3.2% | 3.2% | 2.8% | 2.8% | 3.3% | 0.8% |
| — | +6.4% | +6.6% | +2.3% | +12.3% | +13.7% | +13.9% | -4.4% | +277.6% | +18.8% | -19.4% | +3.8% | -78.9% | |
| ROA | 0.8% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.0% |
| — | +7.9% | +8.2% | +4.4% | +15.6% | +18.1% | +16.6% | -2.5% | +287.3% | +20.2% | -18.3% | +4.5% | -79.3% | |
| ROIC | 2.1% | 0.5% | 0.5% | 0.5% | 0.5% | 0.5% | 0.5% | 0.5% | 0.5% | 0.4% | 0.4% | 0.5% | 0.3% |
| — | +1.2% | -5.7% | +0.6% | +11.0% | +15.2% | +22.3% | -9.0% | +68.8% | +23.3% | -17.3% | +6.5% | -53.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Canadian Imperial Bank of Commerce's Debt/EBITDA ratio is 114.2x, down from 122.8x last quarter — elevated, raising questions about debt serviceability.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 5.52 | 5.52 | 5.87 | 5.63 | 5.61 | 5.40 | 5.33 | 5.24 | 5.14 | 5.30 | 5.38 | 5.19 | 4.89 |
| — | +2.3% | +10.2% | +7.6% | +9.1% | +1.9% | -1.0% | +1.0% | +5.2% | +0.9% | -6.4% | -3.1% | -7.2% | |
| Debt / EBITDA | 29.37 | 114.19 | 122.83 | 121.23 | 110.91 | 118.19 | 111.76 | 119.58 | 114.14 | 129.60 | 132.82 | 110.91 | 168.39 |
| — | -3.4% | +9.9% | +1.4% | -2.8% | -8.8% | -15.9% | +7.8% | -32.2% | -14.4% | +13.8% | -4.3% | +79.2% | |
| Current Ratio | 0.13 | 0.13 | 0.17 | 0.16 | 0.16 | 0.14 | 0.16 | 0.16 | 0.16 | 0.19 | 0.15 | 0.16 | 0.16 |
| — | -4.9% | +3.0% | +2.2% | -0.2% | -27.8% | +11.6% | -2.7% | -0.7% | -11.2% | -8.4% | +0.9% | +8.1% | |
| Quick Ratio | 0.13 | 0.13 | 0.17 | 0.16 | 0.16 | 0.14 | 0.16 | 0.16 | 0.16 | 0.19 | 0.15 | 0.16 | 0.16 |
| — | -4.9% | +3.0% | +2.2% | -0.2% | -27.8% | +11.6% | -2.7% | -0.7% | -11.2% | -8.4% | +0.9% | +8.1% | |
| Interest Coverage | 0.33 | 0.35 | 0.34 | 0.32 | 0.32 | 0.25 | 0.25 | 0.23 | 0.23 | 0.20 | 0.22 | 0.28 | 0.17 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 46 years · Updated daily
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Canadian Imperial Bank of Commerce's current P/E is 17.6x. The average P/E over the last 4 quarters is 8.2x. 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.