COMMONWEALTH BANK OF AUSTRALIA (CBA)
Share Price Analysis and Chart

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CBA

CBA - COMMONWEALTH BANK OF AUSTRALIA

FNArena Sector : Banks
Year End: June
GICS Industry Group : Banks
Debt/EBITDA: N/A
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Commonwealth Bank is Australia’s largest retail bank, providing retail, business and institutional banking, wealth and broking services including CommSec. It first listed in 1991.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$149.29

09 Oct
2026

1.170

OPEN

$149.30

0.79%

HIGH

$150.73

1,492,530

LOW

$148.67

TARGET
$124.938 -16.3% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AFG . ANZ . BEN . BOQ . HLI . MYS . NAB . RMC . SUN . WBC .
FNARENA'S MARKET CONSENSUS FORECASTS
CBA: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 649.9 669.2 xxx
DPS (cps) xxx 505.0 515.8 xxx
EPS Growth xxx 7.4% 3.0% xxx
DPS Growth xxx 4.1% 2.1% xxx
PE Ratio xxx N/A 22.6 xxx
Dividend Yield xxx N/A 3.4% xxx
Div Pay Ratio(%) xxx 77.7% 77.1% xxx

Dividend yield today if purchased 3 years ago: 5.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.34

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 19/08 - ex-div 270.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic 574.9625.5603.9567.4605.0649.9
DPS All 350.0385.0450.0465.0485.0505.0
Sales/Revenue 30,224.0 M29,621.0 M49,364.0 M65,606.0 M69,857.0 M70,473.0 M
Book Value Per Share 4,441.04,284.54,299.74,371.14,711.94,707.7
Net Operating Cash Flow 13,305.0 M21,660.0 M8,347.0 M8,914.0 M8,676.0 M-177.0 M
Net Profit Margin 29.26 %32.66 %20.64 %14.45 %14.51 %15.48 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed 11.73 %12.77 %14.07 %13.07 %13.34 %13.86 %
Return on Invested Capital 4.12 %4.68 %4.63 %4.10 %4.13 %4.15 %
Return on Assets 0.84 %0.84 %0.83 %0.76 %0.78 %0.78 %
Return on Equity 11.73 %12.77 %14.07 %13.07 %13.34 %13.86 %
Return on Total Capital 4.55 %5.22 %4.82 %4.23 %4.30 %4.14 %
Free Cash Flow ex dividends 8,938.0 M14,894.0 M547.0 M890.0 M249.0 M-9,245.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202120222023202420252026
Short-Term Debt 42,088 M50,973 M109,521 M89,686 M103,572 M118,994 M
Long Term Debt 125,141 M137,025 M158,034 M159,661 M179,152 M189,212 M
Total Debt 167,229 M187,998 M267,555 M249,347 M282,724 M308,206 M
Goodwill - Gross 5,317 M5,295 M5,295 M5,285 M5,289 M5,288 M
Cash & Equivalents - Generic 87,375 M119,355 M107,172 M47,321 M54,381 M48,453 M
Price To Book Value 2.252.112.332.913.923.50

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex 767.0 M977.0 M1,568.0 M1,322.0 M1,636.0 M2,040.0 M
Capex % of Sales 2.54 %3.30 %3.18 %2.02 %2.34 %2.89 %
Cost of Goods Sold ------
Selling, General & Admin. Exp & Other 4,565 M4,194 M4,081 M3,938 M4,290 M4,754 M
Research & Development ------
Investments - Total 161,923 M185,153 M187,123 M230,863 M258,178 M289,240 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

-1.0

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

13/08/2026

5

Sell

$120.00

-19.62%

Commonwealth Bank's FY26 cash NPAT of $10.98bn rose 7.1% and was slightly ahead of Ord Minnett's expectations, primarily due to a lower-than-forecast bad debt charge.

NIM of 2.05% was broadly in line and improved 2bps in 2H, although the broker expects greater pressure in FY27 from competition, funding costs and deposit mix, while mortgage applications have weakened since the Federal Budget.

Asset quality remains strong but has softened, with troublesome and non-performing loans and home loan arrears increasing, while CET1 declined to 12.0% but remains comfortably above regulatory requirements.

EPS forecasts slip by -1.6%, -0.6% and -0.4% for FY27, FY28 and FY29, respectively, mainly reflecting higher credit impairment charges.

While CommBank remains the broker's preferred Australian banking franchise on quality, its valuation is considered expensive and Sell is retained with an unchanged $120 target.

FORECAST
Ord Minnett forecasts a full year FY27 dividend of 525.00 cents and EPS of 673.00 cents.
Ord Minnett forecasts a full year FY28 dividend of 545.00 cents and EPS of 678.00 cents.

UBS

xx/xx/xxxx

5

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$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

05/10/2026

5

Sell

$90.00

-39.71%

Jarden maintains a Sell rating for CommBank with an unchanged $90.00 target price ahead of the impending annual general meeting on 14 October 2026.

Over the past nine years, the lender has experienced a re-rating from 1.9x to 3.7x price-to-book and 13x to 27x price-to-earnings, which Jarden attributes entirely to exogenous technical factors associated with passive flows and a new performance test rewarding index hugging.

The analyst believes the ongoing release of artificial intelligence agents presents an emerging threat to incumbent moats built on serving the retail deposit segment, challenging the traditional view of information technology as a virtue in the business narrative.

Jarden envisions a future scenario where financial service artificial intelligence agents autonomously scan for optimal products and seamlessly execute transactions on behalf of customers, potentially eliminating the need to open banking applications, contact call centres, or visit physical branches.

With statutory earnings per share growing at a compound annual growth rate of 1.6% over nine years, commentary highlights return on equity has shrunk to 13.9% from 16.1% alongside increased capital strain as common equity tier one ratios increased to 12.0% from 10.1%.

FORECAST
Jarden forecasts a full year FY27 dividend of 515.00 cents and EPS of 636.80 cents.
Jarden forecasts a full year FY28 dividend of 515.00 cents and EPS of 595.70 cents.
Access Extra Coverage Research History >

CBA STOCK CHART

FNArena News on CBA

1
September In Review: Higher Yields Bite Equities

Oct 05 2026 - Australia
2
Australian Broker Call *Extra* Edition – Oct 05, 2026

Oct 05 2026 - Daily Market Reports
3
Rudi’s View: The Index Is No Longer The Market

Sep 30 2026 - Rudi's View
4
Next Week At A Glance – 28 Sept – 2 Oct 2026

Sep 25 2026 - Weekly Reports
5
Rudi’s View: Ampol, BlueScope, Evolution, Infratil, Ramelius & More

Sep 24 2026 - Rudi's View

Latest Banks News

1
Downside Risk Building For Australian Banks

Sep 15 2026 - Australia
2
It Pays To Be Contrarian On CBA Shares

Sep 10 2026 - Technicals
3
ASIC Watch: AI Governance As Board Priority

Sep 07 2026 - Australia
4
Trading CommBank’s Next Rally

Sep 01 2026 - Technicals
5
Rudi’s View: TechOne, Banks & Wesfarmers

Jul 30 2026 - Rudi's View
6
ANZ Bank Shares Eyeing $40 Yet Again

Jul 28 2026 - Technicals
7
In Brief: AFG, Lifestyle Communities, Mastermyne

Jun 26 2026 - Weekly Reports
8
Australian Banks, Bad Debts And The Budget

May 20 2026 - Feature Stories
9
Australian Banks: Impact Of Oil Shocks And AI

Mar 25 2026 - Australia
10
February 2026 Results – The Wrap

Mar 13 2026 - Feature Stories