Commerce BancsharesCBSH +0.61%78 EV-to-FCF is 4.03 as of Jun. 28, 2026, which is 66% below its 10-year median of 12.00. GuruFocus rates CBSH with a GF Score™ of 78/100 and a GF Value™ of $58.18 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,196 Banks companies, Commerce Bancshares ranks better than 60.62% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Commerce Bancshares's Enterprise Value is $4,613 Mil.
Commerce Bancshares's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $1,145 Mil. Therefore, Commerce Bancshares's EV-to-FCF for today is 4.03.
The historical rank and industry rank for Commerce Bancshares's EV-to-FCF or its related term are showing as below:
CBSH'
s EV-to-FCF Range Over the Past 10 Years
Min: 3.03 Med: 12 Max: 25.98
Current: 4.03
During the past 13 years, the highest EV-to-FCF of Commerce Bancshares was 25.98. The lowest was 3.03. And the median was 12.00.
CBSH's EV-to-FCF is ranked better than 60.62% of 1196
companies
in the Banks industry
Industry Median: 6.555
vs CBSH: 4.03
EV-to-FCF 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-FCF 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 $57.78.
Commerce Bancshares's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $4.066.
* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Commerce Bancshares EV-to-FCF Related Terms
Commerce Bancshares EV-to-FCF Historical Data
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The historical data trend for Commerce Bancshares's EV-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.
For the Banks - Regional subindustry, Commerce Bancshares's EV-to-FCF, along with its competitors' market caps and EV-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.
Commerce Bancshares EV-to-FCF vs Banks Industry
For the Banks industry and Financial Services sector, Commerce Bancshares's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Commerce Bancshares's EV-to-FCF falls into.
Commerce Bancshares's current Enterprise Value is $4,613 Mil.
Commerce Bancshares's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,145 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-FCF of 4.03 as of Jun. 28, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Commerce Bancshares and its competitors. This is 66% below median its historical median of 12.00. Over the past decade, Commerce Bancshares' EV-to-FCF has ranged from 3.03 to 25.98. According to the industry distribution chart, Commerce Bancshares ranks #471 out of 1196 companies in the Banks industry, placing it in the top 39.4%.
Is Commerce Bancshares' EV-to-FCF too high?
Commerce Bancshares' current EV-to-FCF of 4.03 is 66% below median its 10-year median of 12.00. Over the past 10 years, this metric has ranged from a low of 3.03 to a high of 25.98. The Banks industry median EV-to-FCF is 6.56. Commerce Bancshares' value of 4.03 is 38.5% below this industry median. Based on the distribution chart, Commerce Bancshares ranks #471 out of 1196 companies in the Banks industry, which is above the industry midpoint. Overall, Commerce Bancshares has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Commerce Bancshares' EV-to-FCF compare to VLY and BOKF?
According to the Banks industry distribution chart, Commerce Bancshares ranks #471 out of 1196 companies for EV-to-FCF. This puts Commerce Bancshares in the upper half of its industry. The industry median EV-to-FCF is 6.56. Commerce Bancshares' value of 4.03 is 38.5% below this benchmark. Historically, Commerce Bancshares' own EV-to-FCF has ranged from 3.03 to 25.98 over the past decade. While the company's 10-year median is 12.00 vs. the industry median of 6.56, Commerce Bancshares has consistently been below 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-FCF for a Banks company?
The median EV-to-FCF among Banks companies is 6.56, based on 1,196 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Commerce Bancshares's current EV-to-FCF of 4.03 is 38.5% below 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Commerce Bancshares and its competitors. For the Banks industry, the median EV-to-FCF is 6.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Commerce Bancshares's current EV-to-FCF is 4.03, which is 66% below median its own 10-year median of 12.00. 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 $58.18, compared to a current price of $57.78 — trading 0.7% below its estimated fair value. The current EV-to-FCF is 4.03, which is 66% below median its 10-year median of 12.00 and 38.5% below the Banks industry median of 6.56. Commerce Bancshares' overall GF Score™ is 78/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Commerce Bancshares (CBSH), the current EV-to-FCF is 4.03 as of Jun. 28, 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 $57.78 is trading 0.7% below its estimated GF Value™ of $58.18.
GuruFocus considers Commerce Bancshares to be Fairly Valued.
Key valuation signals for CBSH:
EV-to-FCF: 4.03 (66% below median its 10-year median of 12.00)
GF Value™: $58.18 vs. price of $57.78 (0.7% below fair value)
Industry Position: 38.5% below the Banks median (#471 of 1196)
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.
78GF Score
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