Canadian Imperial Bank of Commerce (NYSE:CM) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Canadian Imperial Bank of Commerce Forward PE Ratio Related Terms
Canadian Imperial Bank of Commerce Forward PE Ratio Historical Data
* 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 Forward PE Ratio Chart
Canadian Imperial Bank of Commerce Annual Data
Trend
2016-10
2017-10
2018-10
2019-10
2020-10
2021-10
2022-10
2023-10
2024-10
2025-10
Forward PE Ratio
10.08
10.22
8.83
9.08
9.40
10.53
8.18
7.00
11.69
12.52
Canadian Imperial Bank of Commerce Quarterly Data
2016-01
2016-04
2016-07
2016-10
2017-01
2017-04
2017-07
2017-10
2018-01
2018-04
2018-07
2018-10
2019-01
2019-04
2019-07
2019-10
2020-01
2020-04
2020-07
2020-10
2021-01
2021-04
2021-07
2021-10
2022-01
2022-04
2022-07
2022-10
2023-01
2023-04
2023-07
2023-10
2024-01
2024-04
2024-07
2024-10
2025-01
2025-04
2025-07
2025-10
2026-01
2026-04
Forward PE Ratio
9.17
10.37
10.26
10.08
10.96
10.26
9.91
10.22
10.76
9.48
9.53
8.83
8.79
9.16
8.16
9.08
8.92
7.01
9.21
9.40
10.28
10.55
10.67
10.53
10.98
9.35
8.47
8.18
8.67
8.09
8.18
7.00
9.29
9.62
9.69
11.69
11.63
10.57
11.63
12.52
13.19
14.65
CM vs JPM, BAC, WFC: Forward PE Ratio Comparison
For the Banks - Diversified subindustry, Canadian Imperial Bank of Commerce's Forward PE Ratio, along with its competitors' market caps and Forward PE 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.
Canadian Imperial Bank of Commerce Forward PE Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Canadian Imperial Bank of Commerce's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Canadian Imperial Bank of Commerce's Forward PE Ratio falls into.
Canadian Imperial Bank of Commerce Forward PE Ratio Calculation
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Canadian Imperial Bank of Commerce (CM) has a Forward PE Ratio of 14.69 as of Jul. 06, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Canadian Imperial Bank of Commerce and its competitors. According to the industry distribution chart, Canadian Imperial Bank of Commerce ranks #681 out of 817 companies in the Banks industry, placing it in the top 83.4%.
Is Canadian Imperial Bank of Commerce's Forward PE Ratio too high?
Canadian Imperial Bank of Commerce's current Forward PE Ratio is 14.69. The Banks industry median Forward PE Ratio is 11.12. Canadian Imperial Bank of Commerce's value of 14.69 is 32.1% above this industry median. Based on the distribution chart, Canadian Imperial Bank of Commerce ranks #681 out of 817 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Canadian Imperial Bank of Commerce has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Canadian Imperial Bank of Commerce's Forward PE Ratio compare to JPM and BAC?
According to the Banks industry distribution chart, Canadian Imperial Bank of Commerce ranks #681 out of 817 companies for Forward PE Ratio. This places Canadian Imperial Bank of Commerce in the lower half of its industry. The industry median Forward PE Ratio is 11.12. Canadian Imperial Bank of Commerce's value of 14.69 is 32.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Banks company?
The median Forward PE Ratio among Banks companies is 11.12, based on 817 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Canadian Imperial Bank of Commerce's current Forward PE Ratio of 14.69 is 32.1% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Canadian Imperial Bank of Commerce and its competitors. For the Banks industry, the median Forward PE Ratio is 11.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canadian Imperial Bank of Commerce's current Forward PE Ratio is 14.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canadian Imperial Bank of Commerce stock overvalued right now?
Based on GuruFocus' analysis, Canadian Imperial Bank of Commerce (CM) is currently considered Significantly Overvalued. The stock's GF Value™ is $77.95, compared to a current price of $115.41 — trading 48.1% above its estimated fair value. The current Forward PE Ratio is 14.69 and 32.1% above the Banks industry median of 11.12. Canadian Imperial Bank of Commerce's overall GF Score™ is 71/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Canadian Imperial Bank of Commerce (CM), the current Forward PE Ratio is 14.69 as of Jul. 06, 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 Canadian Imperial Bank of Commerce (CM) Overvalued in 2026?
Based on GuruFocus' analysis, Canadian Imperial Bank of Commerce stock appears to be overvalued.
The current stock price of $115.41 is trading 48.1% above its estimated GF Value™ of $77.95.
GuruFocus considers Canadian Imperial Bank of Commerce to be Significantly Overvalued.
Key valuation signals for CM:
Forward PE Ratio: 14.69
GF Value™: $77.95 vs. price of $115.41 (48.1% above fair value)
Industry Position: 32.1% above the Banks median (#681 of 817)
No single metric tells the full story. See the CM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Canadian Imperial Bank of Commerce Business Description
Canadian Imperial Bank of Commerce is Canada's fifth-largest bank with over CAD 1.1 trillion in assets at the end of fiscal 2025. 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.
71GF Score
Get the complete analysis for CM
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