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Commerce BancsharesCBSH -0.08%68 EV-to-OCF is 4.47 as of Aug. 10, 2026, which is 59% below its 10-year median of 10.84. GuruFocus rates CBSH with a GF Score™ of 68/100 and a GF Value™ of $60.35 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,499 Banks companies, Commerce Bancshares ranks worse than 51.57% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Commerce Bancshares's Enterprise Value is $5,646 Mil.
Commerce Bancshares's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $1,262 Mil. Therefore, Commerce Bancshares's EV-to-OCF for today is 4.47.
The historical rank and industry rank for Commerce Bancshares's EV-to-OCF or its related term are showing as below:
CBSH'
s EV-to-OCF Range Over the Past 10 Years
Min: 2.91 Med: 10.84 Max: 20.29
Current: 4.47
During the past 13 years, the highest EV-to-OCF of Commerce Bancshares was 20.29. The lowest was 2.91. And the median was 10.84.
CBSH's EV-to-OCF is ranked worse than 51.57% of 1499
companies
in the Banks industry
Industry Median: 4.08
vs CBSH: 4.47
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Commerce Bancshares's PE Ratio (TTM) for today is calculated as:
Commerce Bancshares's share price for today is $59.08.
Commerce Bancshares's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $4.080.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Commerce Bancshares EV-to-OCF Related Terms
Commerce Bancshares EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Commerce Bancshares's EV-to-OCF 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.
For the Banks - Regional subindustry, Commerce Bancshares's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Banks Industry
For the Banks industry and Financial Services sector, Commerce Bancshares's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Commerce Bancshares's EV-to-OCF falls into.
Commerce Bancshares's current Enterprise Value is $5,646 Mil.
Commerce Bancshares's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,262 Mil.
* 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.
Commerce Bancshares (CBSH) has a EV-to-OCF of 4.47 as of Aug. 10, 2026. This is 59% below median its historical median of 10.84. Over the past decade, Commerce Bancshares' EV-to-OCF has ranged from 2.91 to 20.29. According to the industry distribution chart, Commerce Bancshares ranks #773 out of 1499 companies in the Banks industry, placing it in the top 51.6%.
Is Commerce Bancshares' EV-to-OCF too high?
Commerce Bancshares' current EV-to-OCF of 4.47 is 59% below median its 10-year median of 10.84. Over the past 10 years, this metric has ranged from a low of 2.91 to a high of 20.29. The Banks industry median EV-to-OCF is 4.08. Commerce Bancshares' value of 4.47 is 9.6% above this industry median. Based on the distribution chart, Commerce Bancshares ranks #773 out of 1499 companies in the Banks industry, which is below the industry midpoint. Overall, Commerce Bancshares has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Commerce Bancshares' EV-to-OCF compare to BOKF and PB?
According to the Banks industry distribution chart, Commerce Bancshares ranks #773 out of 1499 companies for EV-to-OCF. This places Commerce Bancshares in the lower half of its industry. The industry median EV-to-OCF is 4.08. Commerce Bancshares' value of 4.47 is 9.6% above this benchmark. Historically, Commerce Bancshares' own EV-to-OCF has ranged from 2.91 to 20.29 over the past decade. While the company's 10-year median is 10.84 vs. the industry median of 4.08, 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 EV-to-OCF for a Banks company?
The median EV-to-OCF among Banks companies is 4.08, based on 1,499 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Commerce Bancshares's current EV-to-OCF of 4.47 is 9.6% 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Banks industry, the median EV-to-OCF is 4.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Commerce Bancshares's current EV-to-OCF is 4.47, which is 59% below median its own 10-year median of 10.84. 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 $60.35, compared to a current price of $59.08 — trading 2.1% below its estimated fair value. The current EV-to-OCF is 4.47, which is 59% below median its 10-year median of 10.84 and 9.6% above the Banks industry median of 4.08. Commerce Bancshares' overall GF Score™ is 68/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Commerce Bancshares (CBSH), the current EV-to-OCF is 4.47 as of Aug. 10, 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 $59.08 is trading 2.1% below its estimated GF Value™ of $60.35.
GuruFocus considers Commerce Bancshares to be Fairly Valued.
Key valuation signals for CBSH:
EV-to-OCF: 4.47 (59% below median its 10-year median of 10.84)
GF Value™: $60.35 vs. price of $59.08 (2.1% below fair value)
Industry Position: 9.6% above the Banks median (#773 of 1499)
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.
68GF Score
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