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Commerce BancsharesCBSH -0.55%81 3-Year Book Growth Rate is 17.40% as of Jun. 2026, which is 112% above its 10-year median of 8.20. GuruFocus rates CBSH with a GF Score™ of 81/100 and a GF Value™ of $60.57 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,491 Banks companies, Commerce Bancshares ranks better than 84.84% on this metric.
During the past 12 months, Commerce Bancshares's average Book Value per Share Growth Rate was 16.80% per year.
During the past 3 years, the average Book Value per Share Growth Rate was 17.40% per year.
During the past 5 years, the average Book Value per Share Growth Rate was 3.40% per year.
During the past 10 years, the average Book Value per Share Growth Rate was 5.60% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.
During the past 13 years, the highest 3-Year average Book Value per Share Growth Rate of Commerce Bancshares was 17.40% per year. The lowest was -5.00% per year. And the median was 8.20% per year.
Commerce Bancshares (NAS:CBSH) 3-Year Book Growth Rate Explanation
Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.
Commerce Bancshares 3-Year Book Growth Rate Related Terms
CBSH vs BOKF, COLB, WAL: 3-Year Book Growth Rate Comparison
For the Banks - Regional subindustry, Commerce Bancshares's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Commerce Bancshares 3-Year Book Growth Rate vs Banks Industry
For the Banks industry and Financial Services sector, Commerce Bancshares's 3-Year Book Growth Rate distribution charts can be found below:
* The bar in red indicates where Commerce Bancshares's 3-Year Book Growth Rate falls into.
Commerce Bancshares 3-Year Book Growth Rate Calculation
This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.
What does a 3-Year Book Growth Rate of 17.40% mean?
Commerce Bancshares (CBSH) has a 3-Year Book Growth Rate of 17.40% as of Jun. 2026. 3-Year Book Growth Rate is the 3-year average growth rate of Book Value per Share. View historical data for Commerce Bancshares and its competitors. This is 112% above median its historical median of 8.20. According to the industry distribution chart, Commerce Bancshares ranks #226 out of 1491 companies in the Banks industry, placing it in the top 15.2%.
Is Commerce Bancshares' 3-Year Book Growth Rate too high?
Commerce Bancshares' current 3-Year Book Growth Rate of 17.40% is 112% above median its 10-year median of 8.20. The Banks industry median 3-Year Book Growth Rate is 8.80. Commerce Bancshares' value of 17.40% is 97.7% above this industry median. Based on the distribution chart, Commerce Bancshares ranks #226 out of 1491 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Commerce Bancshares has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Commerce Bancshares' 3-Year Book Growth Rate compare to BOKF and COLB?
According to the Banks industry distribution chart, Commerce Bancshares ranks #226 out of 1491 companies for 3-Year Book Growth Rate. This places Commerce Bancshares in the top 15% of its industry — outperforming the majority of peers. The industry median 3-Year Book Growth Rate is 8.80. Commerce Bancshares' value of 17.40% is 97.7% above this benchmark. While the company's 10-year median is 8.20 vs. the industry median of 8.80, Commerce Bancshares has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year Book Growth Rate for a Banks company?
The median 3-Year Book Growth Rate among Banks companies is 8.80, based on 1,491 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year Book Growth Rate significantly above this median, while those in the bottom quartile fall well below. However, 3-Year Book Growth Rate should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Commerce Bancshares's current 3-Year Book Growth Rate of 17.40% is 97.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year Book Growth Rate mean?
A high 3-Year Book Growth Rate can signal that a stock is expensive relative to its fundamentals. 3-Year Book Growth Rate is the 3-year average growth rate of Book Value per Share. View historical data for Commerce Bancshares and its competitors. For the Banks industry, the median 3-Year Book Growth Rate is 8.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Commerce Bancshares's current 3-Year Book Growth Rate is 17.40%, which is 112% above median its own 10-year median of 8.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Commerce Bancshares stock overvalued right now?
Based on GuruFocus' analysis, Commerce Bancshares (CBSH) is currently considered Fairly Valued. The stock's GF Value™ is $60.57, compared to a current price of $57.71 — trading 4.7% below its estimated fair value. The current 3-Year Book Growth Rate is 17.40%, which is 112% above median its 10-year median of 8.20 and 97.7% above the Banks industry median of 8.80. Commerce Bancshares' overall GF Score™ is 81/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year Book Growth Rate calculated?
3-Year Book Growth Rate is calculated from a company's financial statements. For Commerce Bancshares (CBSH), the current 3-Year Book Growth Rate is 17.40% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Commerce Bancshares (CBSH) Overvalued in 2026?
Based on GuruFocus' analysis, Commerce Bancshares stock appears to be undervalued.
The current stock price of $57.71 is trading 4.7% below its estimated GF Value™ of $60.57.
GuruFocus considers Commerce Bancshares to be Fairly Valued.
Key valuation signals for CBSH:
3-Year Book Growth Rate: 17.40% (112% above median its 10-year median of 8.20)
GF Value™: $60.57 vs. price of $57.71 (4.7% below fair value)
Industry Position: 97.7% above the Banks median (#226 of 1491)
No single metric tells the full story. See the CBSH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
81GF Score
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