CBSH Price / Book | COMMERCE BANCSHARES, INC.

COMMERCE BANCSHARES INC /MO/ Price/Book Ratio

The price-to-book (P/B) ratio compares what the stock market says a company is worth with what the company's own books say it is worth. It is market capitalization divided by shareholder equity, the book value left after subtracting liabilities from assets, and the table shows both amounts. A ratio of 1.0 means market value equals book value; a higher ratio means investors value the company above its net assets, often for brands, software or expected growth the books do not record. A negative ratio means equity is negative. Each point uses the filed share count and the last closing price on or before the equity's reporting date, never today's price.

COMMERCE BANCSHARES INC /MO/ price/book ratio for the quarter ending 2026-06-30 was 1.92, a 15.18% decline year-over-year.
COMMERCE BANCSHARES INC /MO/ price/book ratio for the quarter ending 2026-03-31 was 1.67, a 26.34% decline year-over-year.
COMMERCE BANCSHARES INC /MO/ price/book ratio for the quarter ending 2025-12-31 was 1.82, a 20.48% decline year-over-year.
COMMERCE BANCSHARES INC /MO/ price/book ratio for the quarter ending 2025-09-30 was 2.1, a 4.51% increase year-over-year.
COMMERCE BANCSHARES INC /MO/ price/book ratio for fiscal 2026 was 1.92.
COMMERCE BANCSHARES INC /MO/ price/book ratio for fiscal 2025 was 1.82, a 20.48% decline from fiscal 2024.
COMMERCE BANCSHARES INC /MO/ price/book ratio for fiscal 2024 was 2.28, a 12.41% increase from fiscal 2023.
COMMERCE BANCSHARES INC /MO/ price/book ratio for fiscal 2023 was 2.03, a 28.18% decline from fiscal 2022.

Available history: 2010-09-30 to 2026-06-30
Data captured: 2026-06-30

Historical Price/Book Ratio

Date	Price/Book Ratio	Market capitalization	Shareholder equity
2026-06-30	1.92	$8.42B	$4.38B
2026-03-31	1.67	$7.23B	$4.33B
2025-12-31	1.82	$6.93B	$3.81B
2025-09-30	2.1	$7.97B	$3.79B
2025-06-30	2.27	$8.29B	$3.66B
2025-03-31	2.27	$7.93B	$3.5B
2024-12-31	2.28	$7.61B	$3.33B
2024-09-30	2.01	$6.95B	$3.45B
2024-06-30	2.08	$6.55B	$3.16B
2024-03-31	2.11	$6.27B	$2.96B
2023-12-31	2.03	$6.02B	$2.96B
2023-09-30	1.99	$5.17B	$2.6B
2023-06-30	1.95	$5.25B	$2.69B
2023-03-31	2.35	$6.29B	$2.68B
2022-12-31	2.83	$7.02B	$2.48B
2022-09-30	2.89	$6.85B	$2.37B
2022-06-30	2.56	$6.85B	$2.68B
2022-03-31	2.52	$7.49B	$2.97B
2021-12-31	2	$6.9B	$3.45B
2021-09-30	1.92	$6.7B	$3.49B
2021-06-30	2.05	$7.18B	$3.49B
2021-03-31	2.22	$7.38B	$3.32B
2020-12-31	1.77	$6.03B	$3.4B
2020-09-30	1.49	$4.92B	$3.31B
2020-06-30	1.55	$5.2B	$3.36B
2020-03-31	1.36	$4.42B	$3.25B
2019-12-31	1.82	$5.71B	$3.14B
2019-09-30	1.68	$5.22B	$3.11B
2019-06-30	1.63	$5.17B	$3.17B
2019-03-31	1.66	$5.05B	$3.04B
2018-12-31	1.6	$4.69B	$2.94B
2018-09-30	1.87	$5.25B	$2.81B
2018-06-30	1.86	$5.15B	$2.77B
2018-03-31	1.76	$4.77B	$2.71B
2017-12-31	1.56	$4.23B	$2.72B
2017-09-30	1.62	$4.38B	$2.7B
2017-06-30	1.64	$4.31B	$2.63B
2017-03-31	1.66	$4.26B	$2.56B
2016-12-31	1.67	$4.17B	$2.5B
2016-09-30	1.39	$3.55B	$2.56B
2016-06-30	1.37	$3.45B	$2.53B
2016-03-31	1.33	$3.25B	$2.45B
2015-12-31	1.24	$2.95B	$2.37B
2015-09-30	1.27	$3.02B	$2.37B
2015-06-30	1.39	$3.21B	$2.32B
2015-03-31	1.21	$2.9B	$2.41B
2014-12-31	1.21	$2.83B	$2.33B
2014-09-30	1.21	$2.77B	$2.29B
2014-06-30	1.32	$3B	$2.26B
2014-03-31	1.32	$3.01B	$2.27B
2013-12-31	1.25	$2.78B	$2.21B
2013-09-30	1.17	$2.56B	$2.18B
2013-06-30	1.21	$2.55B	$2.11B
2013-03-31	1.1	$2.39B	$2.18B
2012-12-31	0.91	$1.97B	$2.17B
2012-09-30	0.94	$2.17B	$2.31B
2012-06-30	0.92	$2.06B	$2.23B
2012-03-31	1.01	$2.21B	$2.2B
2011-12-31	0.91	$1.98B	$2.17B
2011-09-30	0.87	$1.85B	$2.13B
2011-06-30	1.08	$2.3B	$2.13B
2011-03-31	1.04	$2.16B	$2.07B
2010-12-31	1	$2.02B	$2.02B
2010-09-30	0.94	$1.92B	$2.05B

Annual Price/Book Ratio

Date	Price/Book Ratio	Market capitalization	Shareholder equity
2026-06-30	1.92	$8.42B	$4.38B
2025-12-31	1.82	$6.93B	$3.81B
2024-12-31	2.28	$7.61B	$3.33B
2023-12-31	2.03	$6.02B	$2.96B
2022-12-31	2.83	$7.02B	$2.48B
2021-12-31	2	$6.9B	$3.45B
2020-12-31	1.77	$6.03B	$3.4B
2019-12-31	1.82	$5.71B	$3.14B
2018-12-31	1.6	$4.69B	$2.94B
2017-12-31	1.56	$4.23B	$2.72B
2016-12-31	1.67	$4.17B	$2.5B
2015-12-31	1.24	$2.95B	$2.37B
2014-12-31	1.21	$2.83B	$2.33B
2013-12-31	1.25	$2.78B	$2.21B
2012-12-31	0.91	$1.97B	$2.17B
2011-12-31	0.91	$1.98B	$2.17B
2010-12-31	1	$2.02B	$2.02B

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