Cullen/Frost Bankers Inc. (CFR) Valuation
Historical valuation analysis based on 500 data points (2024-09-24 to 2026-09-22)
Cullen/Frost is a regional US bank with around $54 billion in assets (as of June 2026), and it focuses exclusively on the Texas market. The bank has deep expertise in this market. It has implemente...
Cullen/Frost Bankers Inc. (CFR) currently trades at a P/E ratio of 19.97 (historical range: 12.96–21.75, median: 16.99), placing it at the 89th percentile — expensive relative to its history, P/S ratio of 106.71 (range: 70.51–116.23, 89th percentile — expensive relative to its history).
Cullen/Frost Bankers Inc. trades well above its own historical valuation range across most metrics.
Historical Valuation Metrics
| Metric | Current | Min | Median | Max | Percentile | Assessment |
|---|---|---|---|---|---|---|
| P/E Ratio | 19.97 | 12.96 | 16.99 | 21.75 | 89th | expensive relative to its history |
| P/S Ratio | 106.71 | 70.51 | 91.02 | 116.23 | 89th | expensive relative to its history |
| FCF Yield | 0.05 | 0.00 | 0.05 | 0.09 | 48th | near its historical average |
Cullen/Frost Bankers Inc. (CFR) Valuation & P/E History
Cullen/Frost Bankers Inc. (CFR) is a US-listed stock operating in the Financial Services sector, specifically the National Commercial Banks industry currently trading at $156.15 with a market capitalization of $9.7 billion. This page provides historical valuation analysis for CFR based on 500 data points covering 2024-09-24 to 2026-09-22. The P/E ratio of 19.97 is above the historical median of 16.99, placing CFR at the 89th percentile of its valuation range. The P/S ratio of 106.71 compares to a median of 91.02.
CFR Valuation Metrics & Historical Range
The valuation table above shows Cullen/Frost Bankers Inc.'s current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether CFR is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests CFR is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for Cullen/Frost Bankers Inc..
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is CFR Overvalued or Undervalued?
Cullen/Frost Bankers Inc. trades well above its own historical valuation range across most metrics. The overall valuation percentile of 89 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive CFR is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full CFR analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.CFR trades on NYSE. This page is for informational purposes only and is not financial advice.