CM (Canadian Imperial Bank of Commerce) Shiller PE Ratio: (As of Sep. 21, 2026)

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CM Canadian Imperial Bank of Commerce CM
75 GF Score
Price $115.73
GF Value $83.76
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Canadian Imperial Bank of Commerce Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Canadian Imperial Bank of Commerce  (NYSE:CM) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Canadian Imperial Bank of Commerce Shiller PE Ratio Related Terms


Canadian Imperial Bank of Commerce Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Canadian Imperial Bank of Commerce's Shiller PE Ratio can be seen below:

* 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 Shiller PE Ratio Chart

Canadian Imperial Bank of Commerce Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.56 9.45 7.32 12.55 15.80

Canadian Imperial Bank of Commerce Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26 Jul26
Shiller PE Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.67 15.63 17.08 19.98 21.05

CM vs JPM, BAC, WFC: Shiller PE Ratio Comparison

For the Banks - Diversified subindustry, Canadian Imperial Bank of Commerce's Shiller PE Ratio, along with its competitors' market caps and Shiller 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 Shiller PE Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Canadian Imperial Bank of Commerce's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Canadian Imperial Bank of Commerce's Shiller PE Ratio falls into.


CM
75GF Score
Canadian Imperial Bank of Commerce CM
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Canadian Imperial Bank of Commerce Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Canadian Imperial Bank of Commerce's E10 for the quarter that ended in Jul. 2026 is calculated as:

For example, Canadian Imperial Bank of Commerce's adjusted earnings per share data for the three months ended in Jul. 2026 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jul. 2026 (Change)*Current CPI (Jul. 2026)
=1.7693/134.2375*134.2375
=1.769

Current CPI (Jul. 2026) = 134.2375.

Canadian Imperial Bank of Commerce Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201610 0.885 102.002 1.165
201701 1.313 102.318 1.723
201704 0.971 103.029 1.265
201707 0.984 103.029 1.282
201710 1.036 103.424 1.344
201801 1.166 104.056 1.504
201804 1.134 105.320 1.445
201807 1.154 106.110 1.460
201810 1.072 105.952 1.359
201901 0.977 105.557 1.242
201904 1.107 107.453 1.383
201907 1.151 108.243 1.428
201910 0.976 107.927 1.214
202001 1.000 108.085 1.242
202004 0.302 107.216 0.378
202007 0.934 108.401 1.157
202010 0.833 108.638 1.029
202101 1.378 109.192 1.694
202104 1.411 110.851 1.709
202107 1.528 112.431 1.824
202110 1.223 113.695 1.443
202201 1.590 114.801 1.859
202204 1.282 118.357 1.454
202207 1.385 120.964 1.537
202210 0.946 121.517 1.045
202301 0.288 121.596 0.317
202304 1.303 123.571 1.415
202307 1.106 124.914 1.188
202310 1.120 125.310 1.200
202401 1.308 125.072 1.403
202404 1.316 126.890 1.392
202407 1.330 128.075 1.394
202410 1.391 127.838 1.460
202501 1.542 127.443 1.625
202504 1.432 129.102 1.489
202507 1.562 130.290 1.609
202510 1.585 130.603 1.629
202601 2.312 130.366 2.380
202604 1.849 132.736 1.870
202607 1.769 134.238 1.769

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

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 $115.73 is trading 38.2% above its estimated GF Value™ of $83.76. GuruFocus considers Canadian Imperial Bank of Commerce to be Significantly Overvalued.

Key valuation signals for CM:

  • Shiller PE Ratio:
  • GF Value™: $83.76 vs. price of $115.73 (38.2% above fair value)
  • GF Score™: 75/100 with 7 warning signs

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

Address 81 Bay Street, CIBC Square, Toronto, ON, CAN, M5J 0E7
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.
75GF Score

Get the complete analysis for CM

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

$115.73
Price
$83.76
GF Value