Abstract: This study sought to analyze the overall performance of private commercial banks in Ethiopia using CAMEL rating approach. In this study, the financial performance of six sampled private banks was measured using the audited financial reports of 10 years period (2007-2016). Novel feature of this study was the inclusion of more explanatory variables, which were not used by the average researchers i.e. fixed asset to total assets, net profit per employee, total deposit per no. branches, total loan per no. of branches, measurements.