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Canadian Imperial Bank of Commerce CM.TO

CA · Toronto Stock Exchange · XTSE · stock · Financial Services · website

Canadian Imperial Bank of Commerce statistics & valuation

Market capC$155.6B
P / E18.5×
P / S5.4×
P / B2.4×
P / FCF12.2×
Dividend yield2.57%
Net margin29.1%
Return on equity13.1%
FCF margin43.9%
Net debtC$170.0B
Enterprise value USD$234.1B
Graham number -31.7%C$116.39

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (C$116.39); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
28.60% 21.50% 27.90% 29.10% 2022202320242025
Gross margin (%)
2022202320242025
Operating margin (%)
2022202320242025
Return on equity (%)
12.40% 9.40% 12.10% 13.10% 2022202320242025
Shares outstanding
912.8M 912.8M 912.8M 912.8M 2022202320242025
Net debt (C$)
C$114.13B C$131.33B C$152.46B C$170.03B 2022202320242025
Share buybacks (C$)
C$934.0M C$0 C$1.40B C$3.08B 2022202320242025
Return on assets (%)
0.70% 0.50% 0.70% 0.80% 2022202320242025
Free cash flow margin (%)
99.30% 47.80% 39.20% 43.90% 2022202320242025
Debt / equity (×)
3.74× 3.67× 3.55× 3.52× 2022202320242025
EPS (C$)
C$6.68 C$5.17 C$7.28 C$8.57 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Canadian Imperial Bank of Commerce trades at about 19.9× earnings — above its 10-year norm (10-year range 9.7×–14.1×, median 12.5×).

9.7× 19.9×

Shaded band = 10-year range (9.7×–14.1×); dot = today's 19.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Net margin29.1%27.9%21.5%28.6%
FCF margin43.9%39.2%47.8%99.3%
Return on assets0.8%0.7%0.5%0.7%
Return on equity13.1%12.1%9.4%12.4%
Debt / equity2.20×2.13×2.21×2.14×

Computed from company filings · CA · as of 2025-10-31. Figures in CAD. Facts plus Stocktoria's own computed scores — not investment advice.