CM (Canadian Imperial Bank of Commerce) Scaled Net Operating Assets: 0.12 (As of Apr. 2026)


CM Canadian Imperial Bank of Commerce CM
71 GF Score
Price $114.06
GF Value $78.31
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Canadian Imperial Bank of Commerce Scaled Net Operating Assets?

Canadian Imperial Bank of Commerce CM -0.27% 71 Scaled Net Operating Assets is 0.12 as of Apr. 2026. GuruFocus rates CM with a GF Score™ of 71/100 and a GF Value™ of $78.31 (Significantly Overvalued). The stock has 8 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Canadian Imperial Bank of Commerce's operating assets for the quarter that ended in Apr. 2026 was $733,067 Mil. Canadian Imperial Bank of Commerce's operating liabilities for the quarter that ended in Apr. 2026 was $638,470 Mil. Canadian Imperial Bank of Commerce's Total Assets for the quarter that ended in Jan. 2026 was $822,436 Mil. Therefore, Canadian Imperial Bank of Commerce's scaled net operating assets (SNOA) for the quarter that ended in Apr. 2026 was 0.12.

CM
71GF Score
Canadian Imperial Bank of Commerce CM
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Canadian Imperial Bank of Commerce Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Canadian Imperial Bank of Commerce's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Oct. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Oct. 2025 )
=(Operating Assets (A: Oct. 2025 )-Operating Liabilities (A: Oct. 2025 ))/Total Assets (A: Oct. 2024 )
=(758643.122-591038.747)/757421.676
=0.22

where

Operating Assets(A: Oct. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=798497.283 - 39854.161
=758643.122

Operating Liabilities(A: Oct. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=752448.527 - 100711.324 - 60698.456
=591038.747

Canadian Imperial Bank of Commerce's Scaled Net Operating Assets (SNOA) for the quarter that ended in Apr. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Apr. 2026 )
=(Operating Assets (Q: Apr. 2026 )-Operating Liabilities (Q: Apr. 2026 ))/Total Assets (Q: Jan. 2026 )
=(733067.472-638470.263)/822436.279
=0.12

where

Operating Assets(Q: Apr. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=843798.168 - 110730.696
=733067.472

Operating Liabilities(Q: Apr. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=795836.12 - 101472.299 - 55893.558
=638470.263

* 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.

What does a Scaled Net Operating Assets of 0.12 mean?
Canadian Imperial Bank of Commerce (CM) has a Scaled Net Operating Assets of 0.12 as of Apr. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Canadian Imperial Bank of Commerce and its competitors.
Is Canadian Imperial Bank of Commerce's Scaled Net Operating Assets too high?
Canadian Imperial Bank of Commerce's current Scaled Net Operating Assets is 0.12. 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 Scaled Net Operating Assets compare to JPM and BAC?
Canadian Imperial Bank of Commerce's Scaled Net Operating Assets of 0.12 can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Banks company?
A good Scaled Net Operating Assets depends on the Banks industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Canadian Imperial Bank of Commerce and its competitors. Canadian Imperial Bank of Commerce's current Scaled Net Operating Assets is 0.12. 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 $78.31, compared to a current price of $114.06 — trading 45.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.12. 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 Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Canadian Imperial Bank of Commerce (CM), the current Scaled Net Operating Assets is 0.12 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.

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 $114.06 is trading 45.7% above its estimated GF Value™ of $78.31. GuruFocus considers Canadian Imperial Bank of Commerce to be Significantly Overvalued.

Key valuation signals for CM:

  • Scaled Net Operating Assets: 0.12
  • GF Value™: $78.31 vs. price of $114.06 (45.7% above fair value)
  • GF Score™: 71/100 with 8 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.
71GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$114.06
Price
$78.31
GF Value