CBSH (Commerce Bancshares) Moat Score: 4/10 (As of Jun. 26, 2026)


CBSH Commerce Bancshares Inc CBSH
78 GF Score
Price $57.54
GF Value $58.18
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Commerce Bancshares Moat Score?

Commerce Bancshares CBSH +0.17% 78 Moat Score is 4 as of Jun. 26, 2026. 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 1,610 Banks companies, Commerce Bancshares ranks better than 86.15% on this metric.

Commerce Bancshares has the Moat Score of 4, which implies that the company might have Narrow Moat - Discernible but modest moat.

Commerce Bancshares has Narrow Moat: Commerce Bancshares Inc benefits from a strong regional presence and customer loyalty. However, it faces competition from larger national banks and lacks significant network effects or cost advantages, resulting in a modest moat.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Commerce Bancshares might have Narrow Moat - Discernible but modest moat.

Commerce Bancshares  (NAS:CBSH) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Commerce Bancshares Moat Score Related Terms

CBSH vs VLY, BOKF, PB: Moat Score Comparison

For the Banks - Regional subindustry, Commerce Bancshares's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs Banks Industry

For the Banks industry and Financial Services sector, Commerce Bancshares's Moat Score distribution charts can be found below:

* The bar in red indicates where Commerce Bancshares's Moat Score falls into.


CBSH
78GF Score
Commerce Bancshares Inc CBSH
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis
Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 4 mean?
Commerce Bancshares (CBSH) has a Moat Score of 4 as of Jun. 26, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Commerce Bancshares ranks #223 out of 1610 companies in the Banks industry, placing it in the top 13.9%.
Is Commerce Bancshares' Moat Score too high?
Commerce Bancshares' current Moat Score is 4. Based on the distribution chart, Commerce Bancshares ranks #223 out of 1610 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. 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' Moat Score compare to VLY and BOKF?
According to the Banks industry distribution chart, Commerce Bancshares ranks #223 out of 1610 companies for Moat Score. This places Commerce Bancshares in the top 14% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Banks company?
A good Moat Score depends on the Banks industry context. However, Moat Score 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Commerce Bancshares's current Moat Score is 4. 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 $57.54 — trading 1.1% below its estimated fair value. The current Moat Score is 4. 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 Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Commerce Bancshares (CBSH), the current Moat Score is 4 as of Jun. 26, 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 $57.54 is trading 1.1% below its estimated GF Value™ of $58.18. GuruFocus considers Commerce Bancshares to be Fairly Valued.

Key valuation signals for CBSH:

  • Moat Score: 4
  • GF Value™: $58.18 vs. price of $57.54 (1.1% below fair value)
  • GF Score™: 78/100 with 2 warning signs

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 Business Description

Address 1000 Walnut, Kansas City, MO, USA, 64106
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

Get the complete analysis for CBSH

Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$57.54
Price
$58.18
GF Value