# Cullen/Frost Bankers Inc. (CFR) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Financial Services / Banks. Price $162.62, market value $10.1 billion.

## Valuation
- **P/E (trailing): 15.4×** (5-yr avg 13.6×, 3-yr avg 12.7×). Cullen/Frost Bankers Inc. trades at 15.4× trailing earnings, close to its own five-year average of 13.6×. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 13.9×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 1.17**. A PEG of 1.17 is in the range usually read as fairly priced for its growth.
- **Price / sales: 77.7×**. Each dollar of revenue is priced at 77.7×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 2.3×**. The shares trade at 2.3× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 5.4%** (5-yr avg 6.7%). Free cash flow equals 5.4% of the market value, in line with its five-year average of 6.7%. Above 5% is generally attractive.
- **Earnings yield: 6.5%**. The inverse of the P/E: 6.5% of the price is earned each year.

## Profitability
- **Return on equity: 14.2%**. 14.2% on shareholders' equity is solid.
- **Return on assets: 1.3%**. Each dollar of assets produces 1.3% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 14.4%** (3-yr 9.8%/yr, 5-yr 8.5%/yr). Revenue grew 14.4% over the last year, against 8.5% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 11.8%** (3-yr 4.0%/yr, 5-yr 14.2%/yr). Earnings per share rose 11.8%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): -41.0%/yr**. Free cash flow has compounded at -41.0% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 2.53%** ($4.03 per share, trailing). Cullen/Frost Bankers Inc. yields 2.53%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 39%** (48% of free cash flow). 39% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 24**. 24 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 6.7%/yr** (1-yr 5.6%). The dividend has grown 6.7% a year over five years.

## Analyst view
- **Analyst consensus: hold** (14 analysts). 14 analysts cover Cullen/Frost Bankers Inc.; the consensus is hold, with an average price target of $170.21 (+5% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 27.7%** (YTD 30.3%, 3-mo 16.0%). The shares are up 27.7% over twelve months including dividends.
- **From 52-week high: -4.8%** (36.7% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 49**. An RSI of 49 is neutral.
- **Beta (1 yr): 0.41** (volatility 21%). Beta of 0.41 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CFR · Page: https://foliofundamentals.com/stocks/cfr

Not investment advice.