The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Canadian Imperial Bank of Commerce's share price is $113.76.
Canadian Imperial Bank of Commerce's Revenue per Share for the trailing twelve months (TTM) ended in Apr. 2026 was $24.15. Hence, Canadian Imperial Bank of Commerce's PS Ratio for today is 4.71.
Warning Sign:
Canadian Imperial Bank of Commerce stock PS Ratio (=4.84) is close to 10-year high of 4.84.
During the past 13 years, Canadian Imperial Bank of Commerce's highest 3-Year average Revenue per Share Growth Rate was 44.70% per year. The lowest was -34.10% per year. And the median was 4.60% per year.
Back to Basics: PS Ratio
Canadian Imperial Bank of Commerce (NYSE:CM) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Canadian Imperial Bank of Commerce PS Ratio Related Terms
Canadian Imperial Bank of Commerce PS 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.
For the Banks - Diversified subindustry, Canadian Imperial Bank of Commerce's PS Ratio, along with its competitors' market caps and PS 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 PS Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Canadian Imperial Bank of Commerce's PS Ratio distribution charts can be found below:
* The bar in red indicates where Canadian Imperial Bank of Commerce's PS Ratio falls into.
Canadian Imperial Bank of Commerce PS Ratio Calculation
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Canadian Imperial Bank of Commerce's Share Price of today is $113.76. 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 $24.15.
* 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.
It can also be calculated from the numbers for the whole company:
Canadian Imperial Bank of Commerce (CM) has a PS Ratio of 4.71 as of Jun. 28, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Canadian Imperial Bank of Commerce and its competitors. This is 65% above median its historical median of 2.85. Over the past decade, Canadian Imperial Bank of Commerce's PS Ratio has ranged from 1.74 to 4.84. According to the industry distribution chart, Canadian Imperial Bank of Commerce ranks #1266 out of 1515 companies in the Banks industry, placing it in the top 83.6%.
Is Canadian Imperial Bank of Commerce's PS Ratio too high?
Canadian Imperial Bank of Commerce's current PS Ratio of 4.71 is 65% above median its 10-year median of 2.85. Over the past 10 years, this metric has ranged from a low of 1.74 to a high of 4.84. The Banks industry median PS Ratio is 2.98. Canadian Imperial Bank of Commerce's value of 4.71 is 58.1% above this industry median. Based on the distribution chart, Canadian Imperial Bank of Commerce ranks #1266 out of 1515 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 PS Ratio compare to JPM and BAC?
According to the Banks industry distribution chart, Canadian Imperial Bank of Commerce ranks #1266 out of 1515 companies for PS Ratio. This places Canadian Imperial Bank of Commerce in the lower half of its industry. The industry median PS Ratio is 2.98. Canadian Imperial Bank of Commerce's value of 4.71 is 58.1% above this benchmark. Historically, Canadian Imperial Bank of Commerce's own PS Ratio has ranged from 1.74 to 4.84 over the past decade. While the company's 10-year median is 2.85 vs. the industry median of 2.98, 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 PS Ratio for a Banks company?
The median PS Ratio among Banks companies is 2.98, based on 1,515 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS 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 PS Ratio of 4.71 is 58.1% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Canadian Imperial Bank of Commerce and its competitors. For the Banks industry, the median PS Ratio is 2.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canadian Imperial Bank of Commerce's current PS Ratio is 4.71, which is 65% above median its own 10-year median of 2.85. 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 $75.58, compared to a current price of $113.76 — trading 50.5% above its estimated fair value. The current PS Ratio is 4.71, which is 65% above median its 10-year median of 2.85 and 58.1% above the Banks industry median of 2.98. 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 PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Canadian Imperial Bank of Commerce (CM), the current PS Ratio is 4.71 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 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 $113.76 is trading 50.5% above its estimated GF Value™ of $75.58.
GuruFocus considers Canadian Imperial Bank of Commerce to be Significantly Overvalued.
Key valuation signals for CM:
PS Ratio: 4.71 (65% above median its 10-year median of 2.85)
GF Value™: $75.58 vs. price of $113.76 (50.5% above fair value)
Industry Position: 58.1% above the Banks median (#1266 of 1515)
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
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