Commerzbank AG (BSE:CBKN) Cyclically Adjusted PS Ratio: 4.32 (As of Sep. 13, 2026) — 575% Above Median

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BSE:CBKN Commerzbank AG BSE:CBKN
77 GF Score
Price lei225.30
GF Value lei122.43
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Commerzbank AG Cyclically Adjusted PS Ratio?

Commerzbank AG BSE:CBKN +2.04% 77 Cyclically Adjusted PS Ratio is 4.32 as of Sep. 13, 2026, which is 575% above its 10-year median of 0.64. GuruFocus rates BSE:CBKN with a GF Score™ of 77/100 and a GF Value™ of lei122.43 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,301 Banks companies, Commerzbank AG ranks worse than 69.72% on this metric.

As of today (2026-09-13), Commerzbank AG's current share price is lei225.30. Commerzbank AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was lei52.11. Commerzbank AG's Cyclically Adjusted PS Ratio for today is 4.32.

The historical rank and industry rank for Commerzbank AG's Cyclically Adjusted PS Ratio or its related term are showing as below:

BSE:CBKN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.15   Med: 0.64   Max: 4.41
Current: 4.4

During the past years, Commerzbank AG's highest Cyclically Adjusted PS Ratio was 4.41. The lowest was 0.15. And the median was 0.64.

BSE:CBKN's Cyclically Adjusted PS Ratio is ranked worse than
69.72% of 1301 companies
in the Banks industry
Industry Median: 3.45 vs BSE:CBKN: 4.40

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Commerzbank AG's adjusted revenue per share data for the three months ended in Jun. 2026 was lei16.544. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is lei52.11 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Commerzbank AG  (BSE:CBKN) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Commerzbank AG Cyclically Adjusted PS Ratio Related Terms


Commerzbank AG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Commerzbank AG's Cyclically Adjusted PS Ratio 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.

Commerzbank AG Cyclically Adjusted PS Ratio Chart

Commerzbank AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.70 0.99 1.21 1.72 3.84

Commerzbank AG Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS Ratio 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 2.90 3.46 3.84 3.20 3.84

BSE:CBKN vs USB, PNC: Cyclically Adjusted PS Ratio Comparison

For the Banks - Regional subindustry, Commerzbank AG's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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.


Commerzbank AG Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Commerzbank AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Commerzbank AG's Cyclically Adjusted PS Ratio falls into.


BSE:CBKN
77GF Score
Commerzbank AG BSE:CBKN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Commerzbank AG Cyclically Adjusted PS Ratio Calculation

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

Commerzbank AG's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=225.30/52.11
=4.32

* 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.

Commerzbank AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Commerzbank AG's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=16.544/131.3638*131.3638
=16.544

Current CPI (Jun. 2026) = 131.3638.

Commerzbank AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 9.662 101.017 12.565
201612 7.455 101.217 9.675
201703 9.470 101.417 12.266
201706 8.356 102.117 10.749
201709 10.799 102.717 13.811
201712 7.868 102.617 10.072
201803 9.567 102.917 12.211
201806 9.283 104.017 11.724
201809 9.057 104.718 11.362
201812 8.275 104.217 10.430
201903 8.902 104.217 11.221
201906 8.697 105.718 10.807
201909 8.688 106.018 10.765
201912 9.340 105.818 11.595
202003 7.319 105.718 9.095
202006 9.698 106.618 11.949
202009 9.076 105.818 11.267
202012 10.622 105.518 13.224
202103 11.114 107.518 13.579
202106 9.756 108.486 11.813
202109 8.591 109.435 10.313
202112 11.517 110.384 13.706
202203 11.222 113.968 12.935
202206 9.607 115.760 10.902
202209 6.403 118.818 7.079
202212 12.474 119.345 13.730
202303 10.255 122.402 11.006
202306 13.008 123.140 13.877
202309 8.141 124.195 8.611
202312 15.013 123.773 15.934
202403 11.226 125.038 11.794
202406 13.830 125.882 14.432
202409 8.584 126.198 8.935
202412 17.134 127.041 17.717
202503 13.125 127.779 13.493
202506 16.029 128.412 16.397
202509 11.686 129.255 11.877
202512 18.901 129.361 19.194
202603 15.504 131.258 15.516
202606 16.544 131.364 16.544

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.

What does a Cyclically Adjusted PS Ratio of 4.32 mean?
Commerzbank AG (BSE:CBKN) has a Cyclically Adjusted PS Ratio of 4.32 as of Sep. 13, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Commerzbank AG and its competitors. This is 575% above median its historical median of 0.64. Over the past decade, Commerzbank AG's Cyclically Adjusted PS Ratio has ranged from 0.15 to 4.41. According to the industry distribution chart, Commerzbank AG ranks #907 out of 1301 companies in the Banks industry, placing it in the top 69.7%.
Is Commerzbank AG's Cyclically Adjusted PS Ratio too high?
Commerzbank AG's current Cyclically Adjusted PS Ratio of 4.32 is 575% above median its 10-year median of 0.64. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 4.41. The Banks industry median Cyclically Adjusted PS Ratio is 3.45. Commerzbank AG's value of 4.32 is 25.2% above this industry median. Based on the distribution chart, Commerzbank AG ranks #907 out of 1301 companies in the Banks industry, which is below the industry midpoint. Overall, Commerzbank AG has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Commerzbank AG's Cyclically Adjusted PS Ratio compare to USB and PNC?
According to the Banks industry distribution chart, Commerzbank AG ranks #907 out of 1301 companies for Cyclically Adjusted PS Ratio. This places Commerzbank AG in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.45. Commerzbank AG's value of 4.32 is 25.2% above this benchmark. Historically, Commerzbank AG's own Cyclically Adjusted PS Ratio has ranged from 0.15 to 4.41 over the past decade. While the company's 10-year median is 0.64 vs. the industry median of 3.45, Commerzbank AG 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 Cyclically Adjusted PS Ratio for a Banks company?
The median Cyclically Adjusted PS Ratio among Banks companies is 3.45, based on 1,301 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Commerzbank AG's current Cyclically Adjusted PS Ratio of 4.32 is 25.2% 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 Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Commerzbank AG and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Commerzbank AG's current Cyclically Adjusted PS Ratio is 4.32, which is 575% above median its own 10-year median of 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Commerzbank AG stock overvalued right now?
Based on GuruFocus' analysis, Commerzbank AG (BSE:CBKN) is currently considered Significantly Overvalued. The stock's GF Value™ is lei122.43, compared to a current price of lei225.30 — trading 84% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.32, which is 575% above median its 10-year median of 0.64 and 25.2% above the Banks industry median of 3.45. Commerzbank AG's overall GF Score™ is 77/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Commerzbank AG (BSE:CBKN), the current Cyclically Adjusted PS Ratio is 4.32 as of Sep. 13, 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 Commerzbank AG (BSE:CBKN) Overvalued in 2026?

Based on GuruFocus' analysis, Commerzbank AG stock appears to be overvalued. The current stock price of lei225.30 is trading 84% above its estimated GF Value™ of lei122.43. GuruFocus considers Commerzbank AG to be Significantly Overvalued.

Key valuation signals for BSE:CBKN:

  • Cyclically Adjusted PS Ratio: 4.32 (575% above median its 10-year median of 0.64)
  • GF Value™: lei122.43 vs. price of lei225.30 (84% above fair value)
  • GF Score™: 77/100 with 5 warning signs
  • Industry Position: 25.2% above the Banks median (#907 of 1301)

No single metric tells the full story. See the BSE:CBKN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Commerzbank AG Business Description

Address Kaiserplatz, Frankfurt, HE, DEU, 60261
Commerzbank operates primarily in Europe. Germany accounts for about 70% of the total income. The bank operates two business segments: private and small-business customers, as well as corporate clients. In its private and small-business segment, the group operates a branch network, a mobile bank focused on the Polish market, an online broker, and an asset manager for physical assets. Its corporate client business provides cash management and trade finance solutions to small and medium-size enterprises and large companies.
77GF Score

Get the complete analysis for BSE:CBKN

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

lei225.30
Price
lei122.43
GF Value