CM EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
CM's ev/ebitda is lower than 83% of the last 10 years.
EV/EBITDA History
CM EV/EBITDA by year
Yearly range of CM’s ev/ebitda from 2016 to 2026. Over the full period it ranged from 13.6 to 37.7, averaging 28.9.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 18.4 | 29.5 | 34.7 | 18.6 |
| 2025 | 33.3 | 34.5 | 36.2 | 34.4 |
| 2024 | 31.7 | 33.4 | 35.0 | 33.8 |
| 2023 | 26.8 | 33.3 | 37.7 | 34.2 |
| 2022 | 25.1 | 28.7 | 31.6 | 26.7 |
| 2021 | 24.5 | 28.0 | 31.9 | 25.0 |
| 2020 | 29.2 | 32.5 | 36.1 | 31.5 |
| 2019 | 27.6 | 30.9 | 32.3 | 30.6 |
| 2018 | 15.8 | 20.2 | 32.6 | 27.6 |
| 2017 | 13.6 | 19.0 | 32.4 | 32.4 |
| 2016 | 15.2 | 24.4 | 31.8 | 31.4 |
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An acquisition-style valuation multiple: Enterprise Value (market cap + net debt) divided by operating earnings before accounting adjustments. Compares companies fairly regardless of their capital structure.
(Market Cap + Net Debt) / EBITDAUnlike P/E, this metric accounts for debt — two companies with identical operations but different leverage will show similar EV/EBITDA. Low vs history suggests the total business is modestly priced.
- EBITDA ignores capital expenditure. For asset-heavy businesses (airlines, mining, utilities), this understates the real cost — use EV/EBIT or EV/FCF instead.
- Large acquisitions temporarily spike net debt and can distort the ratio for 1–2 years during integration.
Is CM EV/EBITDA High or Low Right Now?
Canadian Imperial Bank of Commerce's EV/EBITDA is currently 18.6, which is historically cheap relative to its 10-year historical range. The 10-year median EV/EBITDA for CM is approximately 31.3. See all CM valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.