Canadian Imperial Bank of CommerceMEX:CMN 71 Pretax Margin % is 40.20% as of Apr. 2026, which is 11% above its 10-year median of 36.27. GuruFocus rates MEX:CMN with a GF Score™ of 71/100. The stock has 8 warning signs investors should review. Among 1,526 Banks companies, Canadian Imperial Bank of Commerce ranks better than 61.4% on this metric.
The historical rank and industry rank for Canadian Imperial Bank of Commerce's Pretax Margin % or its related term are showing as below:
MEX:CMN'
s Pretax Margin % Range Over the Past 10 Years
Min: 26.2 Med: 36.27 Max: 41.69
Current: 39.32
MEX:CMN's Pretax Margin % is ranked better than 61.4% of 1526
companies
in the Banks industry
Industry Median: 34.885
vs MEX:CMN: 39.32
Canadian Imperial Bank of Commerce (MEX:CMN) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Canadian Imperial Bank of Commerce Pretax Margin % Related Terms
Canadian Imperial Bank of Commerce Pretax Margin % 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 Pretax Margin % Chart
MEX:CMN vs JPM, BAC, WFC: Pretax Margin % Comparison
For the Banks - Diversified subindustry, Canadian Imperial Bank of Commerce's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % vs Banks Industry
For the Banks industry and Financial Services sector, Canadian Imperial Bank of Commerce's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Canadian Imperial Bank of Commerce's Pretax Margin % falls into.
* 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 (MEX:CMN) has a Pretax Margin % of 40.20% as of Apr. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Canadian Imperial Bank of Commerce and its competitors. This is 11% above median its historical median of 36.27. Over the past decade, Canadian Imperial Bank of Commerce's Pretax Margin % has ranged from 26.20 to 41.69. According to the industry distribution chart, Canadian Imperial Bank of Commerce ranks #589 out of 1526 companies in the Banks industry, placing it in the top 38.6%.
Is Canadian Imperial Bank of Commerce's Pretax Margin % too high?
Canadian Imperial Bank of Commerce's current Pretax Margin % of 40.20% is 11% above median its 10-year median of 36.27. Over the past 10 years, this metric has ranged from a low of 26.20 to a high of 41.69. The Banks industry median Pretax Margin % is 34.89. Canadian Imperial Bank of Commerce's value of 40.20% is 15.2% above this industry median. Based on the distribution chart, Canadian Imperial Bank of Commerce ranks #589 out of 1526 companies in the Banks industry, which is above the industry midpoint. Overall, Canadian Imperial Bank of Commerce has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Canadian Imperial Bank of Commerce's Pretax Margin % compare to JPM and BAC?
According to the Banks industry distribution chart, Canadian Imperial Bank of Commerce ranks #589 out of 1526 companies for Pretax Margin %. This puts Canadian Imperial Bank of Commerce in the upper half of its industry. The industry median Pretax Margin % is 34.89. Canadian Imperial Bank of Commerce's value of 40.20% is 15.2% above this benchmark. Historically, Canadian Imperial Bank of Commerce's own Pretax Margin % has ranged from 26.20 to 41.69 over the past decade. While the company's 10-year median is 36.27 vs. the industry median of 34.89, Canadian Imperial Bank of Commerce 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 Pretax Margin % for a Banks company?
The median Pretax Margin % among Banks companies is 34.89, based on 1,526 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Canadian Imperial Bank of Commerce's current Pretax Margin % of 40.20% is 15.2% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Canadian Imperial Bank of Commerce and its competitors. For the Banks industry, the median Pretax Margin % is 34.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canadian Imperial Bank of Commerce's current Pretax Margin % is 40.20%, which is 11% above median its own 10-year median of 36.27. 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?
Canadian Imperial Bank of Commerce (MEX:CMN) has a current Pretax Margin % of 40.20%. The current Pretax Margin % is 40.20%, which is 11% above median its 10-year median of 36.27 and 15.2% above the Banks industry median of 34.89. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Canadian Imperial Bank of Commerce (MEX:CMN), the current Pretax Margin % is 40.20% as of Apr. 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.
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.
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