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Commerce Bank Valuation Multiples
Discover revenue and EBITDA valuation multiples for Commerce Bank and similar public comparables like VakıfBank, Commercial Bank of Dubai, Federal Bank, Nedbank Group and more.
Commerce Bank Overview
About Commerce Bank
Commerce Bancshares Inc operates as the bank holding company for Commerce Bank. The bank is engaged in the general banking business, providing a broad range of retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals, businesses, and municipalities. The company has three reportable segments. The Commercial segment provides lending, leasing, deposit, payment, and cash management services to business and government customers. The Retail Banking segment offers consumer deposits, consumer lending, mortgage banking, and debit and credit card services through its branch network. The Wealth segment provides trust, estate planning, brokerage, and investment management services to individual and institutional clients.
Founded
1966
HQ
Employees
4.7K
Website
Sectors
Financials (LTM)
EV
$7B
Commerce Bank Financials
Commerce Bank reported last 12-month revenue of $2B.
In the same LTM period, Commerce Bank generated $569M in net income.
Revenue (LTM)
Commerce Bank P&L
In the most recent fiscal year, Commerce Bank reported revenue of $2B and net income of $566M.
Commerce Bank expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| EBIT Margin | 43% | XXX | 44% | XXX | XXX | XXX |
| Net Profit | $569M | XXX | $566M | XXX | XXX | XXX |
| Net Margin | 31% | XXX | 32% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Commerce Bank Stock Performance
Commerce Bank has current market cap of $8B, and enterprise value of $7B.
Market Cap Evolution
Commerce Bank's stock price is $51.19.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $7B | $8B | 0.8% | XXX | XXX | XXX | $3.86 |
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Start Free TrialCommerce Bank Valuation Multiples
Commerce Bank trades at 3.7x EV/Revenue multiple.
EV / Revenue (LTM)
Commerce Bank Financial Valuation Multiples
As of April 11, 2026, Commerce Bank has market cap of $8B and EV of $7B.
Equity research analysts estimate Commerce Bank's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Commerce Bank has a P/E ratio of 13.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $8B | XXX | $8B | XXX | XXX | XXX |
| EV (current) | $7B | XXX | $7B | XXX | XXX | XXX |
| EV/Revenue | 3.7x | XXX | 3.8x | XXX | XXX | XXX |
| EV/EBIT | 8.4x | XXX | 8.6x | XXX | XXX | XXX |
| P/E | 13.2x | XXX | 13.3x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 11.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Commerce Bank Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Commerce Bank Margins & Growth Rates
Commerce Bank's revenue in the last 12 month grew by 9%.
Commerce Bank's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.2M for the same period.
Commerce Bank Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 11% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 1% | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 36% | XXX | XXX | XXX |
| Opex to Revenue | 56% | XXX | 55% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Commerce Bank Public Comps
See public comps and valuation multiples for other Commercial Banking comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| VakıfBank | XXX | XXX | XXX | XXX | XXX | XXX |
| Commercial Bank of Dubai | XXX | XXX | XXX | XXX | XXX | XXX |
| Federal Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Nedbank Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Valley National Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Commerce Bank M&A Activity
Commerce Bank acquired XXX companies to date.
Last acquisition by Commerce Bank was on XXXXXXXX, XXXXX. Commerce Bank acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Commerce Bank
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialCommerce Bank Investment Activity
Commerce Bank invested in XXX companies to date.
Commerce Bank made its latest investment on XXXXXXXX, XXXXX. Commerce Bank invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Commerce Bank
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Commerce Bank
| When was Commerce Bank founded? | Commerce Bank was founded in 1966. |
| Where is Commerce Bank headquartered? | Commerce Bank is headquartered in United States. |
| How many employees does Commerce Bank have? | As of today, Commerce Bank has over 4K employees. |
| Who is the CEO of Commerce Bank? | Commerce Bank's CEO is Kevin G. Barth. |
| Is Commerce Bank publicly listed? | Yes, Commerce Bank is a public company listed on Nasdaq. |
| What is the stock symbol of Commerce Bank? | Commerce Bank trades under CBSH ticker. |
| When did Commerce Bank go public? | Commerce Bank went public in 1973. |
| Who are competitors of Commerce Bank? | Commerce Bank main competitors are VakıfBank, Commercial Bank of Dubai, Federal Bank, Nedbank Group. |
| What is the current market cap of Commerce Bank? | Commerce Bank's current market cap is $8B. |
| What is the current revenue of Commerce Bank? | Commerce Bank's last 12 months revenue is $2B. |
| What is the current revenue growth of Commerce Bank? | Commerce Bank revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of Commerce Bank? | Current revenue multiple of Commerce Bank is 3.7x. |
| Is Commerce Bank profitable? | Yes, Commerce Bank is net-income-positive (as of the last 12 months). |
| What is the current net income of Commerce Bank? | Commerce Bank's last 12 months net income is $569M. |
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