P/E ratio for CIBC (CM)
P/E ratio as of December 2023 (TTM): 11.4
According to CIBC's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.371. At the end of 2022 the company had a P/E ratio of 7.82.
P/E ratio history for CIBC from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 7.82 | -24.99% |
| 2021 | 10.4 | -24.91% |
| 2020 | 13.9 | 41.6% |
| 2019 | 9.80 | 19.91% |
| 2018 | 8.17 | -27.06% |
| 2017 | 11.2 | 11.46% |
| 2016 | 10.1 | 6.95% |
| 2015 | 9.40 | -22.36% |
| 2014 | 12.1 | 12.53% |
| 2013 | 10.8 | 5.33% |
| 2012 | 10.2 | -1.5% |
| 2011 | 10.4 | -24.27% |
| 2010 | 13.7 | -48.4% |
| 2009 | 26.5 | -501.09% |
| 2008 | -6.62 | -181.03% |
| 2007 | 8.17 | -35.21% |
| 2006 | 12.6 | -109.52% |
| 2005 | -132 | -1039.17% |
| 2004 | 14.1 | 8.89% |
| 2003 | 13.0 | -51.18% |
| 2002 | 26.5 | 136.85% |
| 2001 | 11.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Royal Bank Of Canada RY | 11.7 | 3.22% | 🇨🇦 Canada |
 Wells Fargo WFC | 9.55 | -16.03% | 🇺🇸 USA |
 Citigroup C | 6.71 | -41.03% | 🇺🇸 USA |
 Bank of New York Mellon BK | 11.2 | -1.18% | 🇺🇸 USA |
 Toronto Dominion Bank TD | 10.7 | -6.33% | 🇨🇦 Canada |
 Scotiabank BNS | 9.34 | -17.90% | 🇨🇦 Canada |
 Bank of Montreal
BMO | 11.0 | -3.10% | 🇨🇦 Canada |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.