The Commonwealth Bank of Australia Ltd. (abbreviated CBA or CommBank) is an Australian financial services company based in Sydney. It is the largest bank in Australia and the 45th largest bank in the world in terms of assets under management.
P/E ratio for Commonwealth Bank (CBA.AX)
P/E ratio at the end of 2024: 21.8
According to Commonwealth Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 31.4604. At the end of 2024 the company had a P/E ratio of 21.8.
P/E ratio history for Commonwealth Bank from 2001 to 2024
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2024 | 21.8 | 31.46% |
| 2023 | 16.6 | 17.32% |
| 2022 | 14.1 | -6.4% |
| 2021 | 15.1 | 27.01% |
| 2020 | 11.9 | -24.12% |
| 2019 | 15.7 | 31.04% |
| 2018 | 11.9 | -2.67% |
| 2017 | 12.3 | 4.42% |
| 2016 | 11.8 | -8.52% |
| 2015 | 12.8 | 24.56% |
| 2014 | 10.3 | 2.9% |
| 2013 | 10.0 | 33.87% |
| 2012 | 7.49 | -5.02% |
| 2011 | 7.88 | -28.63% |
| 2010 | 11.0 | 15.93% |
| 2009 | 9.53 | 30.28% |
| 2008 | 7.31 | -40.41% |
| 2007 | 12.3 | -1.29% |
| 2006 | 12.4 | 18.11% |
| 2005 | 10.5 | -32.44% |
| 2004 | 15.6 | -15.51% |
| 2003 | 18.4 | 4.23% |
| 2002 | 17.7 | -22.3% |
| 2001 | 22.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 HSBC HSBC | 7.50 | -76.16% | 🇬🇧 UK |
 National Australia Bank NAB.AX | 16.2 | -48.46% | 🇦🇺 Australia |
 Westpac Banking WBC.AX | 11.3 | -64.15% | 🇦🇺 Australia |
 Citigroup C | 12.2 | -61.25% | 🇺🇸 USA |
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.