Are NAB shares more expensive than CBA shares?

The NAB share price is valued at 12 times FY23's estimated earnings. The CBA share price is valued at 17 times FY23's estimated earnings. On an earnings multiple basis, CBA shares appear to be substantially more expensive than NAB shares. Dividend returns aren't everything, but with banks they make up a large part of the return over time.

What is the CBA share price?

At the time of writing, the CBA share price is $97.46. Let’s take a look at the latest news of the bank’s verge towards digital currencies. CBA shareholders rejoice – the bank has purchased a minority stake in Gemini through the platform’s first capital raising.

Is CBA a bigger business than NAB?

CBA may be a much bigger business than NAB, but let's look at some of those different factors. One of the easiest metrics, and perhaps one of the most important, to compare businesses is looking at the multiple of earnings. The higher the metric, the more expensive the current share price.