Commercial Bank of Ceylon Plc

COMB.N0000Undervalued

Banks & Finance · Major Banks

Commercial Bank of Ceylon PLC is Sri Lanka's largest private sector bank, and the only private sector bank the Central Bank of Sri Lanka designates a Higher Tier Domestic Systemically Important Bank.

COMB shares are up 5.8% over the past year and last closed at Rs 202.50 on Sep 30, 2026.

Voting
Rs 202.50
-0.37%
Price history
+5.75%

Monthly seasonality

Monthly total returns by year and calendar month
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026+13.4-2.3-7.4+3.1-1.3+0.8-3.7+1.2-0.5+0.0+0.0+0.0
2025+2.9+0.3-1.3-6.4+8.6+7.3+6.8+14.9-1.0+6.5+1.2-3.7
2024-8.8+3.4+9.3+18.9-8.3+0.0-9.7-5.9+17.1+16.0+4.2+17.7
2023+12.3+14.4+2.6-10.2+0.2+19.0+38.5-7.5+4.3-9.0+6.0+9.8
2022+4.7-1.1-25.3-12.7+2.9-4.3+2.8+3.5+2.0-8.2+0.0+0.2
2021+24.2-12.4-0.2-6.1+8.1+1.4-3.2+1.9-2.3+4.7-9.0-2.2
2020-3.2-6.5-28.5+0.0+0.0+28.2-4.8+7.6-1.1-6.4+5.6+2.4
2019-0.6-7.5-4.6-7.4-0.7+1.0+18.5-1.2-8.1-2.0+2.8-4.7
2018+2.4-0.1-1.5-1.0-3.3-6.1+2.4-0.8-9.6+6.2-1.7-2.8
2017-0.1-1.0-8.0+9.6-6.7+3.3-1.3-0.5+1.5+7.9-10.0+0.7
2016-9.6-1.7+0.6+3.9-1.9-5.1+7.4+6.5+3.6-0.1-2.7+3.6
2015-1.8+6.3-7.0+3.6-4.7-1.9+6.3+1.5-8.4-1.9-10.3+0.4
2014+5.5-9.4+7.0+3.6+2.0+8.2+3.1+2.1+5.3+6.4-4.3+7.8
2013+2.4+3.3+3.7+1.6+7.4-6.5+1.6-1.5+1.9+0.3-1.7+3.8
2012+0.0+0.0+0.0+5.0-1.0-5.0-0.9+6.2+11.5-9.6-4.7+3.0
Average+3.1-1.0-4.3+0.4+0.1+2.7+4.2+1.9+1.1+0.8-1.8+2.6
ASPI average+3.1-2.7-4.7+2.0+0.2+0.8+3.1+2.2+3.2-0.1+1.0+3.0
Median+2.4-1.0-1.4+2.4-0.8+0.8+2.4+1.5+1.5+0.1-1.7+1.6
% up57%36%36%57%43%53%60%60%53%50%36%71%
P/E
5.5
P/B
0.94
EPS
Rs 36.86
Div Yield
5.17%
Market Cap
Rs 333.3B
Beta
1.52
ROE
18.1%
Op Margin
43.7% (-19.2pp)

Fundamentals

LineFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Total income
Rs 191.2B
+78.6%
Rs 107.1B
-12.3%
Rs 122.1B
-10.7%
Rs 136.6B
+46.0%
Rs 93.6B
+22.0%
Rs 76.7B
+13.4%
Rs 67.7B
+4.4%
Rs 64.9B
+27.8%
Operating profit
Rs 110.5B
-5.9%
Rs 117.5B
+202.2%
Rs 38.9B
+58.7%
Rs 24.5B
-25.6%
Rs 33.0B
+13.5%
Rs 29.0B
-3.9%
Rs 30.2B
-6.0%
Rs 32.1B
+38.1%
Net profit
Rs 60.9B
+9.4%
Rs 55.7B
+154.3%
Rs 21.9B
-10.3%
Rs 24.4B
+0.5%
Rs 24.3B
+42.2%
Rs 17.1B
-1.9%
Rs 17.4B
-2.5%
Rs 17.9B
+7.4%
EPS
36.86
-4.1%
38.44
+139.2%
16.07
-16.4%
19.21
-4.7%
20.15
+28.3%
15.70
-6.6%
16.80
-4.3%
17.55
+1.6%

Compared with the same period a year earlier.

Per-share figures are as reported, not adjusted for splits.

Recent dividends

  • 2025 · first and finalRs 8.00
  • 2025Rs 2.50
  • 2024 · first and finalRs 7.50
  • 2024Rs 2.00
  • 2023 · first and finalRs 4.50
  • 2021 · first and finalRs 4.50
  • 2021Rs 6.50
  • 2020 · first and finalRs 4.50
Peer comparison6 peers in Banks & Finance
COMB.N0000 · this company
Rs 202.50
P/E
5.5
P/B
0.94
ROE
18.10%
Yield
5.17%
Rs 384.00
P/E
4.6
P/B
0.71
ROE
15.72%
Yield
5.20%
SAMP.N0000
Rs 140.00
P/E
5.0
P/B
0.84
ROE
16.81%
Yield
7.36%
Rs 303.75
P/E
5.3
P/B
0.96
ROE
19.87%
Yield
3.44%
DFCC.N0000
Rs 123.50
P/E
4.8
P/B
0.51
ROE
8.64%
Yield
5.96%
SEYB.N0000
Rs 94.60
P/E
4.9
P/B
0.69
ROE
14.47%
Yield
4.23%
P/E
3.9
P/B
0.55
ROE
12.90%
Yield
7.74%
Peer median · 6 companies
P/E 4.8P/B 0.70Yield 5.58%

About Commercial Bank of Ceylon Plc

Commercial Bank of Ceylon PLC is Sri Lanka's largest private sector bank, and the only private sector bank the Central Bank of Sri Lanka designates a Higher Tier Domestic Systemically Important Bank. It reports serving more than four million customers through a nationwide network of 272 branches alongside its digital channels. The bank works through four core business segments: Personal Banking, Corporate Banking, Treasury and International Operations. Sri Lanka is its primary market, and it also operates a network of 20 branches in Bangladesh, with subsidiaries in the Maldives and Myanmar and a representative office in the Dubai International Financial Centre. The bank was established in 1969 and its registered office is Commercial House, No. 21, Sir Razik Fareed Mawatha, Colombo 01. Its financial year ends on 31 December, which is unusual on this exchange, where most companies close on 31 March.

AI analysis

bullish

Evidence points bullish because June revenue grew 26.2% and the shares score 92 for value across the CSE. The catch is a sharp year-on-year operating-margin contraction.

Read the full report (Sep 29, 2026) →

News sentiment

Describes news flow, not a forecast
Last 30 days
More negative than usual for this company
its own lowits own high

Higher than 4% of its last 24 months · 21 of 26 in its sector

11 articles in 30 days: 3 positive, 6 negative, 2 neutral.

24 months positive negative 3-month net
Oct 24: 15 articles, net +0.37Nov 24: 19 articles, net +0.60Dec 24: 10 articles, net +0.24Jan 25: 11 articles, net +0.71Feb 25: 15 articles, net +0.31Mar 25: 15 articles, net +0.40Apr 25: 23 articles, net +0.16May 25: 19 articles, net +0.85Jun 25: 11 articles, net +0.33Jul 25: 16 articles, net +0.94Aug 25: 22 articles, net +0.73Sep 25: 11 articles, net -0.35Oct 25: 8 articles, net +0.33Nov 25: 14 articles, net +0.49Dec 25: 11 articles, net +0.44Jan 26: 17 articles, net +0.56Feb 26: 11 articles, net +0.80Mar 26: 23 articles, net +0.16Apr 26: 17 articles, net +0.38May 26: 15 articles, net +0.23Jun 26: 13 articles, net +0.11Jul 26: 16 articles, net +0.38Aug 26: 10 articles, net +0.60Sep 26: 11 articles, net -0.19Oct 24Feb 25Jun 25Oct 25Feb 26Jun 26
Recent news
View all news →
Daily FT·Sep 30, 2026·Market commentaryNegative
CSE continues slide, falls 0.6% to new six-month low

The Colombo ASPI fell 0.6% to 20,817.82, sliding to a six-month low as losers (163) outpaced winners (31) and turnover barely topped Rs.1bn. Top decliners and contributors to the drop included Dialog, Commercial Bank, Overseas Realty, Singer, Tokyo Cement and Ceylinco, while John Keells closed flat.

Daily FT·Sep 29, 2026·Market commentaryNegative
CSE falls to six-month low, turnover lowest this year

The Colombo bourse fell to a six-month low as the ASPI closed down 0.44% at 20,943.79 and turnover hit a year low of Rs. 596 million; foreign investors were net buyers of Rs. 7.9 million. Top negative contributors included CARS, DIAL, COMB, CINS and SEMB.

EconomyNext·Sep 28, 2026·Market commentaryPositive
Sri Lanka stocks trend up; ASPI passes 21,000

Colombo Stock Exchange opened higher as the ASPI rose 30.69 points to 21,068.04 (up 0.15%); market turnover was 57.56 million rupees. Vidullanka said project companies it holds equity in won bids to install 18.7 MW/93 MWh of BESS, with its estimated equity share about 600 million rupees.

Renewable Energy
Daily FT·Sep 28, 2026·Regulatory or legal
APB prepares members for APG Mutual Evaluation 2026

The Association of Professional Bankers ran a CPD event preparing Sri Lanka's banking sector for its APG mutual evaluation (on-site 26 Oct-6 Nov 2026) that will assess AML/CFT/PF technical compliance and effectiveness. Speakers urged a shift from documentation-led checks to outcome-focused, risk-based controls.

Daily FT·Sep 18, 2026·Market commentaryNegative
CSE slides to 23-week low

The ASPI fell 0.52% (109.98 pts) to 21,023.43, hitting a 23-week low as selling driven by concerns over rising interest rates and sustained crude above $100 pressured the market. Top drags included Melstacorp, Dialog, Hayleys, Ceylon Beverage and RIL while foreigners were net sellers of ~Rs.213m; turnover ~Rs.1.3bn.

Fuel & Energy PricesInterest Rates
Daily FT·Sep 17, 2026·Market commentaryNegative
CSE ends down 0.61% to six-week low

Colombo market slipped 0.61% to a six-week low as the ASPI closed at 21,133.41 amid rising oil prices and fears of an interest-rate hike; 172 counters fell, turnover was over Rs.1.6bn and foreign investors were net sellers of Rs.8m.

Fuel & Energy PricesInterest Rates
EconomyNext·Sep 15, 2026·Market commentaryNegative
Sri Lanka stocks down, ASPI drops 0.24-pct in Rs2.2bn turnover session

Colombo Stock Exchange closed lower, with the ASPI down 0.24% (51.79 pts) at 21,262.13 on Rs2.23 billion turnover. SMB Finance, Watawala, Sampath Bank and Lion Brewery were top positive contributors while Dialog, Melstacorp and Commercial Bank led declines; a mandatory offer for Industrial Asphalts fell through after the SEC refused a share transfer due to the company being on the CSE watchlist.

EconomyNext·Sep 11, 2026·Market commentaryNegative
Sri Lanka stocks reverse morning losses to close up

Colombo Stock Exchange closed higher with the ASPI up 0.12% (25.00 pts) at 21,382.74 and the S&P SL20 up 0.19% at 6,015.08, on turnover of 333 million rupees. Galle Face Capital Partners received in-principle CSE approval to list up to 4,060,218 new ordinary shares via a scrip dividend; its shares closed down 2.45% at 19.90 rupees.

EconomyNext·Sep 7, 2026·Market commentaryPositive
Sri Lanka stocks trend up on Monday

Sri Lanka's ASPI rose 0.17% to 21,657.17 in early trading while the S&P SL20 gained 0.54% to 6,091.65 on turnover of Rs 446 million. Several firms were placed or moved to the watchlist for non-submission of FY2026 annual reports (SHL, HELA, MEL, LGL, EXT, BFN, TESS, EMER); top gainers included DIAL, HNB, COMB, AEL, ACL and top losers HAYC, DOCK, BIL, CCS.

Banks & Finance sector: what is happening

Last 14 days to Sep 30, 2026

With policy held at 8.75% amid 8.0% inflation, and Treasury and secondary bond yields rising during the window, banks face continued pressure to reprice deposits and loans while government-securities portfolios remain sensitive to yield moves. The rupee weakened and foreign investors sold rupee bonds for a second week. From 1 November, TIN verification will be required for bank accounts and credit cards, adding onboarding compliance.

Auto-generated from 45 sector news articles over 14 days. Not investment advice.