CFR
Cullen Frost Bankers
PE ratio, current and historical analysis
- Stocks
- Financial Services
- NYSE: CFR
- PE Ratio
As at Aug 1, 2026, the CFR stock has a PE ratio of 15.72. This is based on the current EPS of $10.58 and the stock price of $166.34 per share. An increase of 17% has been recorded in the PE ratio compared to the average of 13.4 of the last four quarters.
CFR PE ratio history
The mean historical PE ratio of Cullen Frost Bankers over the last ten years is 14.89. The current 15.72 P/E ratio is 6% higher than the historical average. In the past ten years, CFR's PE ratio peaked in the Mar 2022 quarter at 21.23, with a price of $138.41 and an EPS of $6.52. The Sep 2023 quarter marked the lowest point at 8.7, with a price of $91.21 and an EPS of $10.48.
Cullen Frost Bankers PE ratio by year
Maximum annual increase: 38.94% in 2013
Maximum annual decrease: -25.85% in 2018
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 12.77 | -15.54% | $126.63 | $9.92 |
| 2024 | 15.12 | 26.95% | $134.25 | $8.88 |
| 2023 | 11.91 | -21.23% | $108.49 | $9.11 |
| 2022 | 15.12 | -18.58% | $133.7 | $8.84 |
| 2021 | 18.57 | 8.79% | $126.07 | $6.79 |
| 2020 | 17.07 | 20.3% | $87.23 | $5.11 |
| 2019 | 14.19 | 12.44% | $97.78 | $6.89 |
| 2018 | 12.62 | -25.85% | $87.94 | $6.97 |
| 2017 | 17.02 | -8.74% | $94.65 | $5.56 |
| 2016 | 18.65 | 33.98% | $88.23 | $4.73 |
| 2015 | 13.92 | -14.86% | $60 | $4.31 |
| 2014 | 16.35 | -16.07% | $70.64 | $4.32 |
| 2013 | 19.48 | 38.94% | $74.43 | $3.82 |
| 2012 | 14.02 | -5.91% | $54.27 | $3.87 |
| 2011 | 14.9 | -16.15% | $52.91 | $3.55 |
Cullen Frost Bankers PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Jun 2026 | 14.6 | 9.36% | $154.52 | $10.58 |
| Mar 2026 | 13.35 | 4.54% | $137.08 | $10.27 |
| Dec 2025 | 12.77 | -2.07% | $126.63 | $9.92 |
| Sep 2025 | 13.04 | -5.78% | $126.77 | $9.72 |
| Jun 2025 | 13.84 | 0.73% | $128.54 | $9.29 |
| Mar 2025 | 13.74 | -9.13% | $125.2 | $9.11 |
| Dec 2024 | 15.12 | 8.93% | $134.25 | $8.88 |
| Sep 2024 | 13.88 | 12.03% | $111.86 | $8.06 |
| Jun 2024 | 12.39 | -6.91% | $101.63 | $8.2 |
| Mar 2024 | 13.31 | 11.75% | $112.57 | $8.46 |
| Dec 2023 | 11.91 | 36.9% | $108.49 | $9.11 |
| Sep 2023 | 8.7 | -13.43% | $91.21 | $10.48 |
| Jun 2023 | 10.05 | -4.1% | $107.53 | $10.7 |
| Mar 2023 | 10.48 | -30.69% | $105.34 | $10.05 |
| Dec 2022 | 15.12 | -14.58% | $133.7 | $8.84 |
CFR Price vs fair value
CFR average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
CFR's current P/E ratio is above the 3, 5 and 10-year averages.
PE comparison
Cullen Frost Bankers's P/E of 15.72 is above the Financial Services sector, the industry and its peers average. In comparison with its Financial Services sector average of 13.56, Cullen Frost Bankers's P/E is 16% higher.
CFR PE vs peers
In comparison to its peer FFIN, CFR's PE ratio is lower, but it is higher than BOKF's and PB's. Cullen Frost Bankers's PE ratio is trading above the peer group average of 13.95.
| Stock name | PE ratio | Market cap |
|---|---|---|
| IBOC International Bancshares Corp | 11.33 | $4.73B |
| SBSI Southside Bancshares Inc | 12.79 | $972.49M |
| TCBI Texas Capital Bancshares Inc | 12.88 | $4.36B |
| PB Prosperity Bancshares Inc | 13.6 | $7.57B |
| BOKF BOK Financial Corp | 14.41 | $8.66B |
| CFR Cullen Frost Bankers Inc | 15.8 | $10.39B |
| FFIN First Financial Bankshares Inc | 19.13 | $5.07B |
Frequently asked questions
What is Cullen Frost Bankers's PE ratio?
The price to earnings ratio for CFR stock is 15.72 as of Aug 1, 2026.
What is the 3-year average PE ratio for Cullen Frost Bankers (CFR)?
The average PE ratio for CFR stock over the past 3 years is 13.05.
What is the 5-year average PE ratio for Cullen Frost Bankers (CFR)?
The average PE ratio for CFR stock over the past 5 years is 14.27.
What is the highest PE ratio for CFR?
The highest quarterly PE ratio in the last ten years has been 21.23 and it was in the Mar 2022 quarter.
How does the current PE ratio for CFR compare to its historical average?
CFR's current price to earnings ratio is 6% above its 10-year historical average.
How is CFR's PE ratio calculated (Cullen Frost Bankers PE ratio formula)?
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Aug 1, 2026), Cullen Frost Bankers's stock price is $166.34. The earnings per share for the trailing twelve months (TTM) ending Jun 2026 is $10.58. Therefore, Cullen Frost Bankers's PE ratio for today is 15.72. PE RATIO(15.72) = STOCK PRICE($166.34) / TTM EPS($10.58)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.