Canadian Imperial Bank of Commerce (CM) P/E Ratio History
Historical price-to-earnings valuation from 1998 to 2025
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CM Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Canadian Imperial Bank of Commerce (CM) trades at a price-to-earnings ratio of 17.8x, with a stock price of $112.22 and trailing twelve-month earnings per share of $9.01.
The current P/E is 117% above its 5-year average of 8.2x. Over the past five years, CM's P/E has ranged from a low of 6.8x to a high of 9.7x, placing the current valuation at the 100th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.4x, CM trades at a 33% premium to its sector peers. The sector includes 774 companies with P/E ratios ranging from 0.0x to 195.8x.
The PEG ratio of 1.12 (P/E divided by 18% EPS growth) suggests a fair valuation relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, CM trades at a notable discount to the S&P 500 median P/E of 25.2x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our CM DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
CM P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $182B | 12.8 | 1.03Best | +145% | |
| $254B | 17.5 | 1.40 | +25% | |
| $110B | 18.4 | 2.12 | +20% | |
| $97B | 18.7 | 13.10 | -3% | |
| $67B | 17.7 | - | +8% | |
| $87B | 12.2Lowest | 1.43 | +22% | |
| $90B | 16.2 | 4.23 | +7% | |
| $67B | 15.1 | - | +408%Best | |
| $28B | 21.7 | - | -3% | |
| $34B | 16.2 | - | -2% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
CM Historical P/E Data (1998–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q4 | Fri Oct 31 2025 00:00:00 GM | $82.87 | $8.58 | 9.7x | -3% |
| FY2025 Q3 | $71.44 | $8.29 | 8.6x | -13% | |
| FY2025 Q2 | Wed Apr 30 2025 00:00:00 GM | $62.95 | $7.96 | 7.9x | -20% |
| FY2025 Q1 | Fri Jan 31 2025 00:00:00 GM | $63.02 | $7.71 | 8.2x | -18% |
| FY2024 Q4 | $62.56 | $7.29 | 8.6x | -14% | |
| FY2024 Q3 | Wed Jul 31 2024 00:00:00 GM | $51.69 | $6.91 | 7.5x | -25% |
| FY2024 Q2 | $46.69 | $6.56 | 7.1x | -28% | |
| FY2024 Q1 | Wed Jan 31 2024 00:00:00 GM | $45.18 | $6.53 | 6.9x | -30% |
| FY2023 Q4 | $35.27 | $5.15 | 6.8x | -31% | |
| FY2023 Q3 | Mon Jul 31 2023 00:00:00 GM | $44.07 | $4.88 | 9.0x | -9% |
| FY2023 Q2 | Sun Apr 30 2023 00:00:00 GM | $41.95 | $5.19 | 8.1x | -19% |
| FY2023 Q1 | $45.62 | $5.05 | 9.0x | -9% |
Average P/E for displayed period: 9.9x
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Start ComparisonCM — Frequently Asked Questions
Quick answers to the most common questions about buying CM stock.
Is CM stock overvalued or undervalued?
CM trades at 17.8x P/E, above its 5-year average of 8.2x. The 100th percentile ranking indicates a premium to historical valuation.
How does CM's valuation compare to peers?
Canadian Imperial Bank of Commerce P/E of 17.8x compares to sector median of 13.4x. The premium reflects expected growth above peers.
What is CM's PEG ratio?
CM PEG ratio is 1.12. Between 1-2 suggests valuation aligns with growth. Historical P/E data spans 1998-2025.