Loading…
Australia's largest bank by market value, providing retail, business and institutional banking plus wealth and insurance products.
Australia's largest bank by market value, providing retail, business and institutional banking plus wealth and insurance products.
Earns mostly from the spread between deposits and loans, with home loans the core, and Australia and New Zealand the only markets of weight. After a 2018 inquiry into banking misconduct it sold most of its wealth and insurance operations to refocus on banking.
In one line: Australia's JPMorgan Chase (retail-heavy).
Moat: narrow (scale, distribution, brand). Largest branch/digital footprint and mortgage book among Australia's big-four banks.
Headquarters: Sydney, Australia · Founded: 1911 · Employees: 51,714
Size Commonwealth Bank of Australia (CBA.AX) is an Australia Financials company (Major Banks) with a market value of $194B, the 2nd largest of 316 Australia companies the cockpit tracks. Shares closed at A$167.51 on 6 Nov 2026.
Performance Over six months the shares gained 9.0%, against +13.2% for the median peer and +4.1% for the Australia market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 0.8% over the last twelve months (peer median +4.6%); the operating margin is 51.0% (peer median 35.9%).
Valuation It trades at 3.56× book value against a peer median of 1.60× (most expensive of 21).
Price implies The share price implies a return on equity of about 33.3%; Commonwealth Bank of Australia delivers 13.9%, so the price asks more than the business earns today.
Credit Commonwealth Bank of Australia has 37 bonds outstanding ($39.6B), rated A- by the agencies and trading like BBB+ at a weighted spread of 102 bp.
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | A$70.5B | A$70.5B | A$69.9B | A$65.6B | A$49.2B |
| Revenue growth | — | +1% | +6% | +33% | — |
| Net income | A$10.9B | A$10.9B | A$10.1B | A$9.49B | A$10.1B |
| Free cash flow | n/a | -A$961M | A$8.20B | A$8.51B | A$7.66B |
| Capital expenditure | n/a | A$2.04B | A$1.64B | A$1.32B | A$1.57B |
| Total debt | n/a | A$308B | A$283B | A$249B | A$268B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Commonwealth Bank of Australia CBA.AX | $194B | +9% | +1% | 14% | 3.56× | 33.3% |
| Westpac Banking WBC.AX | $87.6B | +4% | +2% | 9% | 1.78× | 16.4% |
| National Australia Bank NAB.AX | $86.2B | +9% | -8% | 10% | 2.02× | 20.2% |
| ANZ ANZ.AX | $84.2B | +17% | -5% | 8% | 1.71× | 14.4% |
| Macquarie MQG.AX | $63.5B | +5% | +5% | 13% | 2.53× | 26.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CBA.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +13.1% | +2.1% | highest of 21 |
| 6-month return | +9.0% | +13.2% | 9th lowest of 21 |
| Return on equity | 13.9% | 13.0% | 7th highest of 21 |
| Price / book | 3.56× | 1.60× | most expensive of 21 |
| Trailing P/E | 25.8× | 11.8× | most expensive of 20 |
| ROE the price implies | 33.3% | 15.8% | most demanding of 21 |
| ROE delivered | 13.9% | 13.1% | 6th highest of 20 |
| Bond spread | 102 bp | 76 bp | widest of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Commonwealth Bank of Australia CBA.AX | Australia | $194B | +9% | +1% | 14% | 3.56× | 33.3% | 13.9% |
| Citigroup C | United States | $200B | -5% | +5% | 9% | 1.03× | 10.9% | 9.1% |
| Toronto-Dominion Bank TD.TO | Canada | $208B | +18% | -11% | 13% | 2.48× | 15.3% | 12.8% |
| Banco Santander SAN.MC | Spain | $174B | +4% | +15% | 13% | 1.40× | 17.1% | 13.1% |
| Cm Bank 3968.HK | Hong Kong | $165B | +16% | +3% | 13% | 0.99× | 10.2% | 13.3% |
| China Merchants Bank 600036.SS | China | $164B | +12% | +9% | 14% | 0.94× | 5.4% | 13.6% |
| Mitsubishi Ufj Financial 8306.T | Japan | $230B | +14% | +11% | 13% | 1.60× | 11.2% | 12.6% |
| DBS D05.SI | Singapore | $155B | +19% | -5% | 16% | 2.83× | 21.4% | 16.3% |
| Wells Fargo WFC | United States | $252B | +11% | +6% | 13% | 1.59× | 13.3% | 12.9% |
| Sumitomo Mitsui Financial 8316.T | Japan | $145B | +35% | +11% | 11% | 1.42× | 10.0% | 11.2% |
| Banco Bilbao Vizcaya Argentaria BBVA.MC | Spain | $140B | +20% | +9% | 20% | 2.15× | 24.8% | 19.6% |
| Royal Bank of Canada RY.TO | Canada | $281B | +15% | +5% | 16% | 2.94× | 18.4% | 16.2% |
| UniCredit UCG.MI | Italy | $130B | +6% | +2% | 17% | 1.77× | 25.8% | 17.3% |
| HDFC Bank HDFCBANK.NS | India | $129B | -1% | +5% | 14% | 2.00× | 24.8% | 13.9% |
| HSBC HSBA.L | United Kingdom | $301B | -1% | -4% | 14% | 1.51× | 17.5% | 13.6% |
| Bank of China 601988.SS | China | $301B | +19% | -3% | 9% | 0.79× | 2.8% | n/a |
| Capital One COF | United States | $121B | +7% | +26% | 9% | 1.11× | 11.1% | 9.3% |
| Intesa Sanpaolo ISP.MI | Italy | $120B | +6% | -6% | 16% | 1.81× | 20.7% | 16.4% |
| Bank of Montreal BMO.TO | Canada | $120B | +16% | -2% | 11% | 2.14× | 16.4% | 10.6% |
| BNP Paribas BNP.PA | France | $114B | 0% | +8% | 11% | 0.84× | 10.4% | 10.9% |
| Bank of Nova Scotia BNS.TO | Canada | $114B | +21% | -3% | 12% | 1.99× | 16.3% | 11.6% |
Commonwealth Bank of Australia has 37 bonds outstanding with $39.6B face value. The agencies rate it A-; its bonds trade like BBB+. Weighted yield 5.68%, a spread of 102 bp over government bonds.