P/E ratio for CIBC (CM)
P/E ratio as of April 2023 (TTM): 9.34
According to CIBC's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.34134. At the end of 2021 the company had a P/E ratio of 20.8.
P/E ratio history for CIBC from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 20.8 | -24.96% |
| 2020 | 27.8 | 183.19% |
| 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 | |
| 2012 | 10.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Royal Bank Of Canada RY | 11.6 | 24.60% | 🇨🇦 Canada |
 Wells Fargo WFC | 11.7 | 25.70% | 🇺🇸 USA |
 Citigroup C | 6.26 | -32.98% | 🇺🇸 USA |
 Bank of New York Mellon BK | 15.6 | 67.01% | 🇺🇸 USA |
 Toronto Dominion Bank TD | 11.5 | 23.42% | 🇨🇦 Canada |
 Scotiabank BNS | 9.08 | -2.82% | 🇨🇦 Canada |
 Bank of Montreal
BMO | 7.36 | -21.23% | 🇨🇦 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.