This valuation method assumes that the stock valuation will revert to its historical (10-Year) median in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
The historical rank and industry rank for Canadian Imperial Bank of Commerce's Median PS Value or its related term are showing as below:
TSX:CM'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.68 Med: 1.01 Max: 1.71
Current: 1.71
During the past 13 years, the highest Price to Median PS Value of Canadian Imperial Bank of Commerce was 1.71. The lowest was 0.68. And the median was 1.01.
TSX:CM's Price-to-Median-PS-Value is ranked worse than 85.71% of 1043
companies
in the Banks industry
Industry Median: 1.09
vs TSX:CM: 1.71
Canadian Imperial Bank of Commerce (TSX:CM) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
Canadian Imperial Bank of Commerce's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
163.15
/
95.16
=
1.71
* 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 Median PS Value Related Terms
Canadian Imperial Bank of Commerce Median PS Value 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 Median PS Value Chart
TSX:CM vs JPM, BAC, WFC: Median PS Value Comparison
For the Banks - Diversified subindustry, Canadian Imperial Bank of Commerce's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value 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 Price-to-Median-PS-Value vs Banks Industry
For the Banks industry and Financial Services sector, Canadian Imperial Bank of Commerce's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Canadian Imperial Bank of Commerce's Price-to-Median-PS-Value falls into.
10-Year Median PS Ratio is 2.8548.
Canadian Imperial Bank of Commerce's Revenue per Share for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$33.333.
* 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 (TSX:CM) has a Median PS Value of C$95.16 as of Jun. 24, 2026. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on Canadian Imperial Bank of Commerce and its competitors. This is 9322% above median its historical median of 1.01. Over the past decade, Canadian Imperial Bank of Commerce's Median PS Value has ranged from 0.68 to 1.71. According to the industry distribution chart, Canadian Imperial Bank of Commerce ranks #894 out of 1043 companies in the Banks industry, placing it in the top 85.7%.
Is Canadian Imperial Bank of Commerce's Median PS Value too high?
Canadian Imperial Bank of Commerce's current Median PS Value of C$95.16 is 9322% above median its 10-year median of 1.01. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 1.71. Based on the distribution chart, Canadian Imperial Bank of Commerce ranks #894 out of 1043 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 Median PS Value compare to JPM and BAC?
According to the Banks industry distribution chart, Canadian Imperial Bank of Commerce ranks #894 out of 1043 companies for Median PS Value. This places Canadian Imperial Bank of Commerce in the lower half of its industry. The industry median Median PS Value is 1.09. Historically, Canadian Imperial Bank of Commerce's own Median PS Value has ranged from 0.68 to 1.71 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Median PS Value for a Banks company?
The median Median PS Value among Banks companies is 1.09, based on 1,043 companies in the industry. Companies in the top quartile (top 25%) have a Median PS Value significantly above this median, while those in the bottom quartile fall well below. However, Median PS Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Median PS Value mean?
A high Median PS Value can signal that a stock is expensive relative to its fundamentals. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on Canadian Imperial Bank of Commerce and its competitors. For the Banks industry, the median Median PS Value is 1.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canadian Imperial Bank of Commerce's current Median PS Value is C$95.16, which is 9322% above median its own 10-year median of 1.01. 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 (TSX:CM) is currently considered Significantly Overvalued. The stock's GF Value™ is C$107.07, compared to a current price of C$163.15 — trading 52.4% above its estimated fair value. The current Median PS Value is C$95.16, which is 9322% above median its 10-year median of 1.01. 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 Median PS Value calculated?
Median PS Value is calculated from a company's financial statements. For Canadian Imperial Bank of Commerce (TSX:CM), the current Median PS Value is C$95.16 as of Jun. 24, 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 (TSX:CM) Overvalued in 2026?
Based on GuruFocus' analysis, Canadian Imperial Bank of Commerce stock appears to be overvalued.
The current stock price of C$163.15 is trading 52.4% above its estimated GF Value™ of C$107.07.
GuruFocus considers Canadian Imperial Bank of Commerce to be Significantly Overvalued.
Key valuation signals for TSX:CM:
Median PS Value: C$95.16 (9322% above median its 10-year median of 1.01)
GF Value™: C$107.07 vs. price of C$163.15 (52.4% above fair value)
No single metric tells the full story. See the TSX: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
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