Canadian Imperial Bank of Commerce
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
10.4710.087.76N/A
Price/Sales ratio
1.281.261.331.33
Earnings per Share (EPS)
$6.98$7.25$9.41N/A

Historical Multiples (2015 – 2024)

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 TTM Median
Valuation Ratios
Price/Earnings ratio
11.119.299.969.559.7811.6710.538.989.4811.5011.969.78
Price/Sales ratio
2.902.752.942.842.702.373.392.562.223.201.932.37
Price/Book Value ratio
1.861.691.501.441.291.071.481.110.891.391.441.29
Price/Cash Flow ratio
2.043.8919.055.092.670.73-20.332.463.897.383.502.67
Price/Free Cash Flow ratio
2.063.9519.055.232.710.73-16.242.584.258.183.662.71
Price/Earnings Growth ratio
0.850.451.971.73-1.76-0.430.15-2.23-0.350.231.50-1.76
Dividend Yield
4.40%4.82%3.04%4.19%4.82%5.80%3.90%5.31%4.77%3.59%2.98%5.80%
Profitability Indicator Ratios
Gross Profit Margin
100%100%100%100%100%100%100%100%109.27%100%101.05%100%
Operating Profit Margin
56.86%60.38%66.00%79.82%34.89%26.18%41.60%80.35%44.85%N/A6.59%26.18%
Pretax Profit Margin
30.88%34.71%37.04%37.88%35.03%26.19%41.69%36.63%32.67%35.90%20.81%26.19%
Net Profit Margin
26.14%29.60%29.60%29.75%27.59%20.30%32.20%28.57%23.43%27.87%16.22%20.30%
Effective Tax Rate
15.00%14.32%19.76%21.20%20.83%22.45%22.54%21.69%27.72%21.95%22.04%20.83%
Return on Assets
0.77%0.85%0.83%0.88%0.78%0.49%0.76%0.65%0.51%0.68%0.68%0.68%
Return On Equity
16.74%18.21%15.14%15.07%13.27%9.20%14.08%12.39%9.42%12.11%12.60%12.60%
Return on Capital Employed
1.96%2.04%2.15%2.71%1.12%0.70%1.10%2.05%0.97%N/A0.27%0.70%
Liquidity Ratios
Current Ratio
1.071.061.071.051.050.45N/AN/AN/AN/AN/A0.45
Quick Ratio
0.120.122.222.312.164.303.463.60N/AN/AN/A4.30
Cash ratio
0.300.190.170.220.210.840.810.80N/AN/AN/A0.84
Days of Sales Outstanding
227.37229.48199.26214.59235.20175.73190.27331.34238.52216.33125.94175.73
Days of Inventory outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Operating Cycle
N/AN/AN/AN/AN/AN/AN/AN/A238.52N/A125.94N/A
Days of Payables Outstanding
N/AN/AN/AN/AN/AN/AN/AN/A-2.44KN/A-11.14KN/A
Cash Conversion Cycle
N/AN/AN/AN/AN/AN/AN/AN/A2.68KN/A11.26KN/A
Debt Ratios
Debt Ratio
0.140.260.240.240.220.180.190.110.190.200.200.20
Debt Equity Ratio
3.045.664.494.223.803.513.592.133.673.543.543.54
Long-term Debt to Capitalization
0.750.720.670.690.660.650.650.680.680.680.680.66
Total Debt to Capitalization
0.750.840.810.800.790.770.780.680.780.780.780.78
Interest Coverage Ratio
1.181.341.270.900.63N/AN/AN/AN/AN/A0.09N/A
Cash Flow to Debt Ratio
0.290.070.010.060.120.41-0.020.210.060.050.110.41
Company Equity Multiplier
21.6921.3518.2117.0816.9718.6918.3518.8018.4117.7417.7416.97
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
1.420.700.150.551.003.23-0.161.040.570.430.553.23
Free Cash Flow / Operating Cash Flow Ratio
0.980.9810.970.980.991.250.950.910.900.950.99
Cash Flow Coverage Ratio
0.290.070.010.060.120.41-0.020.210.060.050.110.41
Short Term Coverage Ratio
N/A0.140.030.140.260.92-0.04N/A0.150.130.290.26
Dividend Payout Ratio
49.02%44.84%30.32%40.04%47.21%67.83%41.20%47.78%45.26%41.41%41.41%67.83%