ASB vs. CBSH: Which Stock Is the Better Value Option?

Core Viewpoint - Associated Banc-Corp (ASB) is currently positioned as a more attractive value investment compared to Commerce Bancshares (CBSH) based on various financial metrics and earnings outlook [1][3][7]. Valuation Metrics - ASB has a forward P/E ratio of 10.47, significantly lower than CBSH's forward P/E of 17.32, indicating ASB may be undervalued [5]. - The PEG ratio for ASB is 1.58, while CBSH's PEG ratio is 2.24, suggesting ASB has a better balance between its earnings growth expectations and its valuation [5]. - ASB's P/B ratio stands at 0.86, compared to CBSH's P/B of 2.60, further highlighting ASB's relative undervaluation [6]. Earnings Outlook - ASB is experiencing an improving earnings outlook, which is a key factor in its strong Zacks Rank of 1 (Strong Buy), while CBSH holds a Zacks Rank of 3 (Hold) [3][7].