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CM (Canadian Imperial Bank of Commerce) Cyclically Adjusted Price-to-FCF : 4.48 (As of Jul. 16, 2025)


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What is Canadian Imperial Bank of Commerce Cyclically Adjusted Price-to-FCF?

As of today (2025-07-16), Canadian Imperial Bank of Commerce's current share price is $72.59. Canadian Imperial Bank of Commerce's Cyclically Adjusted FCF per Share for the quarter that ended in Apr. 2025 was $16.20. Canadian Imperial Bank of Commerce's Cyclically Adjusted Price-to-FCF for today is 4.48.

The historical rank and industry rank for Canadian Imperial Bank of Commerce's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

CM' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.01   Med: 6.23   Max: 22.42
Current: 4.42

During the past years, Canadian Imperial Bank of Commerce's highest Cyclically Adjusted Price-to-FCF was 22.42. The lowest was 3.01. And the median was 6.23.

CM's Cyclically Adjusted Price-to-FCF is ranked better than
77.59% of 897 companies
in the Banks industry
Industry Median: 9.22 vs CM: 4.42

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Canadian Imperial Bank of Commerce's adjusted free cash flow per share data for the three months ended in Apr. 2025 was $0.507. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $16.20 for the trailing ten years ended in Apr. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Canadian Imperial Bank of Commerce Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Canadian Imperial Bank of Commerce's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Canadian Imperial Bank of Commerce Cyclically Adjusted Price-to-FCF Chart

Canadian Imperial Bank of Commerce Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.68 5.83 3.88 2.90 4.15

Canadian Imperial Bank of Commerce Quarterly Data
Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.53 3.63 4.15 4.22 3.89

Competitive Comparison of Canadian Imperial Bank of Commerce's Cyclically Adjusted Price-to-FCF

For the Banks - Diversified subindustry, Canadian Imperial Bank of Commerce's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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.


Canadian Imperial Bank of Commerce's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Canadian Imperial Bank of Commerce's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Canadian Imperial Bank of Commerce's Cyclically Adjusted Price-to-FCF falls into.


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Canadian Imperial Bank of Commerce Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Canadian Imperial Bank of Commerce's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=72.59/16.20
=4.48

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Canadian Imperial Bank of Commerce's Cyclically Adjusted FCF per Share for the quarter that ended in Apr. 2025 is calculated as:

For example, Canadian Imperial Bank of Commerce's adjusted Free Cash Flow per Share data for the three months ended in Apr. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Apr. 2025 (Change)*Current CPI (Apr. 2025)
=0.507/129.1809*129.1809
=0.507

Current CPI (Apr. 2025) = 129.1809.

Canadian Imperial Bank of Commerce Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201507 14.389 100.579 18.481
201510 3.679 100.500 4.729
201601 6.066 100.184 7.822
201604 -0.780 101.370 -0.994
201607 1.435 101.844 1.820
201610 2.383 102.002 3.018
201701 -3.966 102.318 -5.007
201704 2.568 103.029 3.220
201707 1.666 103.029 2.089
201710 1.747 103.424 2.182
201801 2.319 104.056 2.879
201804 5.789 105.320 7.101
201807 1.567 106.110 1.908
201810 -1.163 105.952 -1.418
201901 4.875 105.557 5.966
201904 3.563 107.453 4.283
201907 2.132 108.243 2.544
201910 4.982 107.927 5.963
202001 0.525 108.085 0.627
202004 35.169 107.216 42.374
202007 15.351 108.401 18.294
202010 -2.619 108.638 -3.114
202101 -1.135 109.192 -1.343
202104 -15.973 110.851 -18.614
202107 6.213 112.431 7.139
202110 7.147 113.695 8.120
202201 -1.028 114.801 -1.157
202204 5.798 118.357 6.328
202207 6.552 120.964 6.997
202210 6.829 121.517 7.260
202301 -0.086 121.596 -0.091
202304 5.004 123.571 5.231
202307 -5.545 124.914 -5.734
202310 9.317 125.310 9.605
202401 -3.204 125.072 -3.309
202404 2.514 126.890 2.559
202407 9.263 128.075 9.343
202410 -0.947 127.838 -0.957
202501 8.188 127.443 8.300
202504 0.507 129.181 0.507

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Canadian Imperial Bank of Commerce  (NYSE:CM) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Canadian Imperial Bank of Commerce Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Canadian Imperial Bank of Commerce's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Canadian Imperial Bank of Commerce Business Description

Address
81 Bay Street, CIBC Square, Toronto, ON, CAN, M5J 0E7
Canadian Imperial Bank of Commerce is Canada's fifth-largest bank with around CAD 1 trillion in assets. It operates four business segments: Canadian retail and business banking, Canadian commercial banking and wealth management, US commercial banking and wealth management, and capital markets. It serves approximately 14 million personal banking and business customers, primarily in Canada and the US.