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Cullen/Frost Bankers Shiller PE Ratio

: 18.29 (As of Today)
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As of today (2019-10-15), Cullen/Frost Bankers's current share price is USD 89.60. Cullen/Frost Bankers's E10 for the quarter that ended in Jun. 2019 was USD 4.90. Cullen/Frost Bankers's Shiller P/E Ratio for today is 18.29.

NYSE:CFR' s Shiller PE Ratio Range Over the Past 10 Years
Min: 11.43   Max: 27.28
Current: 18.31

11.43
27.28

During the past years, Cullen/Frost Bankers's highest Shiller P/E Ratio was 27.28. The lowest was 11.43. And the median was 17.97.

NYSE:CFR's Shiller PE Ratio is ranked lower than
61% of the 703 Companies
in the Banks industry.

( Industry Median: 15.24 vs. NYSE:CFR: 18.31 )

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Cullen/Frost Bankers's adjusted earnings per share data for the three months ended in Jun. 2019 was USD 1.720. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is USD 4.90 for the trailing ten years ended in Jun. 2019.


Cullen/Frost Bankers Shiller PE Ratio Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Cullen/Frost Bankers Annual Data
Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.50 15.35 21.80 22.23 19.03

Cullen/Frost Bankers Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.24 22.75 19.03 20.41 19.11

Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.


Cullen/Frost Bankers Shiller PE Ratio Distribution

* The bar in red indicates where Cullen/Frost Bankers's Shiller PE Ratio falls into.



Cullen/Frost Bankers Shiller PE Ratio Calculation

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Cullen/Frost Bankers's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/ E10
=89.60/4.90
=18.29

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Cullen/Frost Bankers's E10 for the fiscal year that ended in Dec18 is calculated as:

For example, Cullen/Frost Bankers's adjusted earnings per share data for the three months ended in Jun. 2019 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2019 (Change)*Current CPI (Jun. 2019)
=1.72/256.143*256.143
=1.720

Current CPI (Jun. 2019) = 256.143.

Cullen/Frost Bankers Quarterly Data

per_share_eps CPI Adj_EPS
200909 0.750 215.969 0.890
200912 0.860 215.949 1.020
201003 0.790 217.631 0.930
201006 0.870 217.965 1.022
201009 0.900 218.439 1.055
201012 0.870 219.179 1.017
201103 0.850 223.467 0.974
201106 0.910 225.722 1.033
201109 0.890 226.889 1.005
201112 0.900 225.672 1.022
201203 0.990 229.392 1.105
201206 0.940 229.478 1.049
201209 0.950 231.407 1.052
201212 0.970 229.601 1.082
201303 0.910 232.773 1.001
201306 0.940 233.504 1.031
201309 0.960 234.149 1.050
201312 0.990 233.049 1.088
201403 0.960 236.293 1.041
201406 1.030 238.343 1.107
201409 1.180 238.031 1.270
201412 1.110 234.812 1.211
201503 1.100 236.119 1.193
201506 1.110 238.638 1.191
201509 1.170 237.945 1.259
201512 0.900 236.525 0.975
201603 1.070 238.132 1.151
201606 1.110 241.018 1.180
201609 1.240 241.428 1.316
201612 1.280 241.432 1.358
201703 1.280 243.801 1.345
201706 1.290 244.955 1.349
201709 1.410 246.819 1.463
201712 1.530 246.524 1.590
201803 1.610 249.554 1.653
201806 1.680 251.989 1.708
201809 1.780 252.439 1.806
201812 1.820 251.233 1.856
201903 1.790 254.202 1.804
201906 1.720 256.143 1.720

Add all the adjusted EPS together and divide 10 will get our .


  (:) Explanation

Compared with the regular P/E ratio, which works poorly for cyclical businesses, the Shiller P/E smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller P/E should give similar results to regular P/E.

Compared with the P/S ratio, the Shiller P/E makes the comparison between different industries more meaningful.


Be Aware

The Shiller P/E assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, the Shiller P/E and P/S ratio will give false valuations.


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