Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St’s investing ideas for FREE.
Canadian Imperial Bank of Commerce (TSX:CM) shares have been moving in a relatively tight range recently, with a 1 day return of about 0.3% and a past week return near 1.1%.
Over the past month the stock’s return sits close to 0.3%, while the past 3 months show a gain around 9.4%, alongside a roughly 0.6% year to date move and a 44.9% 1 year total return.
See our latest analysis for Canadian Imperial Bank of Commerce.
The share price, now at around CA$127.04, has been relatively steady over the past month, with a small 30 day share price gain alongside a 90 day share price return of 9.4% and a 1 year total shareholder return of 44.9%. Taken together, these figures indicate that recent momentum has developed over a longer horizon.
If this kind of steady compounding interests you, it could be a good moment to broaden your watchlist and check out fast growing stocks with high insider ownership for other ideas with strong insider alignment.
With Canadian Imperial Bank of Commerce trading near CA$127.04 and an estimated intrinsic discount of about 32%, the key question is simple: is this a genuine value opportunity, or is the market already pricing in future growth?
The most followed narrative currently pegs Canadian Imperial Bank of Commerce’s fair value at about CA$125.38, slightly below the last close of CA$127.04, and builds its case using a detailed long term earnings and revenue path.
Rapid population growth and immigration in Canada are building a larger long-term customer base, supporting sustained demand for retail banking, mortgages, and wealth management, which can drive higher revenue growth for CIBC.
Curious how steady revenue growth, slightly slimmer margins and a future earnings multiple come together at that fair value? The narrative leans on a detailed forecast path, including assumptions for earnings, profit margins and share count, to justify where the price could settle.
Result: Fair Value of CA$125.38 (OVERVALUED)
Have a read of the narrative in full and understand what’s behind the forecasts.
However, it is worth keeping in mind that heavier exposure to Canadian mortgages and rising regulatory costs could still pressure margins and challenge this fair value narrative.
Find out about the key risks to this Canadian Imperial Bank of Commerce narrative.
Those narrative driven fair value models suggest Canadian Imperial Bank of Commerce is slightly overvalued around CA$127.04. Yet on plain P/E, the picture is different. CIBC trades on 14.6x earnings, which is cheaper than its peer average of 15.4x and very close to its 14.7x fair ratio.
That mix, a discount to peers but almost in line with the fair ratio, hints that most of the easy catch up to peers may already be in the price. The question for you is whether earnings or sentiment are more likely to shift that ratio from here.
See what the numbers say about this price — find out in our valuation breakdown.
TSX:CM P/E Ratio as at Jan 2026
If you see the numbers differently or simply prefer to test your own assumptions, you can build a complete view in just a few minutes by starting with Do it your way.
A good starting point is our analysis highlighting 4 key rewards investors are optimistic about regarding Canadian Imperial Bank of Commerce.
If you are serious about building a stronger portfolio, do not stop at one bank. Put the screener to work and compare ideas side by side.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include CM.TO.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com