Cullen/Frost BankersXTER:CFZ +0.76%20 Pretax Margin % is 35.21% as of Mar. 2026, which is 0% above its 10-year median of 35.11. GuruFocus rates XTER:CFZ with a GF Score™ of 20/100 and a GF Value™ of €119.85 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,527 Banks companies, Cullen/Frost Bankers ranks better than 50.56% on this metric.
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Cullen/Frost Bankers Pretax Margin % Related Terms
Cullen/Frost Bankers Pretax Margin % Historical Data
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The historical data trend for Cullen/Frost Bankers's Pretax Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Banks - Regional subindustry, Cullen/Frost Bankers's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:
* 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. Note that "N/A" values will not show up in the chart.
Cullen/Frost Bankers Pretax Margin % vs Banks Industry
For the Banks industry and Financial Services sector, Cullen/Frost Bankers's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Cullen/Frost Bankers's Pretax Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Cullen/Frost Bankers (XTER:CFZ) has a Pretax Margin % of 35.21% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Cullen/Frost Bankers and its competitors. This is near median its historical median of 35.11. Over the past decade, Cullen/Frost Bankers' Pretax Margin % has ranged from 24.37 to 39.43. According to the industry distribution chart, Cullen/Frost Bankers ranks #755 out of 1527 companies in the Banks industry, placing it in the top 49.4%.
Is Cullen/Frost Bankers' Pretax Margin % too high?
Cullen/Frost Bankers' current Pretax Margin % of 35.21% is near median its 10-year median of 35.11. Over the past 10 years, this metric has ranged from a low of 24.37 to a high of 39.43. The Banks industry median Pretax Margin % is 34.88. Cullen/Frost Bankers' value of 35.21% is 0.9% above this industry median. Based on the distribution chart, Cullen/Frost Bankers ranks #755 out of 1527 companies in the Banks industry, which is above the industry midpoint. Overall, Cullen/Frost Bankers has a GF Score™ of 20/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cullen/Frost Bankers' Pretax Margin % compare to ?
According to the Banks industry distribution chart, Cullen/Frost Bankers ranks #755 out of 1527 companies for Pretax Margin %. This puts Cullen/Frost Bankers in the upper half of its industry. The industry median Pretax Margin % is 34.88. Cullen/Frost Bankers' value of 35.21% is 0.9% above this benchmark. Historically, Cullen/Frost Bankers' own Pretax Margin % has ranged from 24.37 to 39.43 over the past decade. While the company's 10-year median is 35.11 vs. the industry median of 34.88, Cullen/Frost Bankers has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for a Banks company?
The median Pretax Margin % among Banks companies is 34.88, based on 1,527 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cullen/Frost Bankers's current Pretax Margin % of 35.21% is 0.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Cullen/Frost Bankers and its competitors. For the Banks industry, the median Pretax Margin % is 34.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cullen/Frost Bankers's current Pretax Margin % is 35.21%, which is near median its own 10-year median of 35.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cullen/Frost Bankers stock overvalued right now?
Based on GuruFocus' analysis, Cullen/Frost Bankers (XTER:CFZ) is currently considered Modestly Overvalued. The stock's GF Value™ is €119.85, compared to a current price of €133.00 — trading 11% above its estimated fair value. The current Pretax Margin % is 35.21%, which is near median its 10-year median of 35.11 and 0.9% above the Banks industry median of 34.88. Cullen/Frost Bankers' overall GF Score™ is 20/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Cullen/Frost Bankers (XTER:CFZ), the current Pretax Margin % is 35.21% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Cullen/Frost Bankers (XTER:CFZ) Overvalued in 2026?
Based on GuruFocus' analysis, Cullen/Frost Bankers stock appears to be overvalued.
The current stock price of €133.00 is trading 11% above its estimated GF Value™ of €119.85.
GuruFocus considers Cullen/Frost Bankers to be Modestly Overvalued.
Key valuation signals for XTER:CFZ:
Pretax Margin %: 35.21% (near median its 10-year median of 35.11)
GF Value™: €119.85 vs. price of €133.00 (11% above fair value)
Industry Position: 0.9% above the Banks median (#755 of 1527)
No single metric tells the full story. See the XTER:CFZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cullen/Frost is a regional US bank with around $52 billion in assets (as of March 2026), and it focuses exclusively on the Texas market. The bank has deep expertise in this market. It has implemented a relationship-based banking approach that has garnered a strong market share in San Antonio. Cullen/Frost is also expanding into Houston, Dallas, and Austin market regions through targeted branch openings rather than acquisitions. The bank's sweet spot is small to medium-sized Texas-based commercial clients.
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