Cullen/Frost BankersCFR -0.16%72 PS Ratio is 4.34 as of Jun. 30, 2026, which is 2% below its 10-year median of 4.41. GuruFocus rates CFR with a GF Score™ of 72/100 and a GF Value™ of $136.24 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,519 Banks companies, Cullen/Frost Bankers ranks worse than 76.96% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Cullen/Frost Bankers's share price is $154.52.
Cullen/Frost Bankers's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was $35.59. Hence, Cullen/Frost Bankers's PS Ratio for today is 4.34.
Warning Sign:
Cullen/Frost Bankers Inc stock PS Ratio (=4.35) is close to 3-year high of 4.51.
The historical rank and industry rank for Cullen/Frost Bankers's PS Ratio or its related term are showing as below:
CFR'
s PS Ratio Range Over the Past 10 Years
Min: 2.35 Med: 4.41 Max: 6.81
Current: 4.37
During the past 13 years, Cullen/Frost Bankers's highest PS Ratio was 6.81. The lowest was 2.35. And the median was 4.41.
CFR's PS Ratio is ranked worse than 76.96% of 1519
companies
in the Banks industry
Industry Median: 2.97
vs CFR: 4.37
During the past 12 months, the average Revenue per Share Growth Rate of Cullen/Frost Bankers was 8.80% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 9.90% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 10.50% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 7.60% per year.
During the past 13 years, Cullen/Frost Bankers's highest 3-Year average Revenue per Share Growth Rate was 14.50% per year. The lowest was 0.80% per year. And the median was 6.30% per year.
Back to Basics: PS Ratio
Cullen/Frost Bankers (NYSE:CFR) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Cullen/Frost Bankers PS Ratio Related Terms
Cullen/Frost Bankers PS Ratio Historical Data
* Premium members only.
The historical data trend for Cullen/Frost Bankers's PS Ratio 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 PS Ratio, along with its competitors' market caps and PS Ratio 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 PS Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Cullen/Frost Bankers's PS Ratio distribution charts can be found below:
* The bar in red indicates where Cullen/Frost Bankers's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Cullen/Frost Bankers's Share Price of today is $154.52. Cullen/Frost Bankers's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $35.59.
* 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.
It can also be calculated from the numbers for the whole company:
Cullen/Frost Bankers (CFR) has a PS Ratio of 4.34 as of Jun. 30, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Cullen/Frost Bankers and its competitors. This is near median its historical median of 4.41. Over the past decade, Cullen/Frost Bankers' PS Ratio has ranged from 2.35 to 6.81. According to the industry distribution chart, Cullen/Frost Bankers ranks #1169 out of 1519 companies in the Banks industry, placing it in the top 77%.
Is Cullen/Frost Bankers' PS Ratio too high?
Cullen/Frost Bankers' current PS Ratio of 4.34 is near median its 10-year median of 4.41. Over the past 10 years, this metric has ranged from a low of 2.35 to a high of 6.81. The Banks industry median PS Ratio is 2.97. Cullen/Frost Bankers' value of 4.34 is 46.1% above this industry median. Based on the distribution chart, Cullen/Frost Bankers ranks #1169 out of 1519 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Cullen/Frost Bankers has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cullen/Frost Bankers' PS Ratio compare to SSB and ONB?
According to the Banks industry distribution chart, Cullen/Frost Bankers ranks #1169 out of 1519 companies for PS Ratio. This places Cullen/Frost Bankers in the lower half of its industry. The industry median PS Ratio is 2.97. Cullen/Frost Bankers' value of 4.34 is 46.1% above this benchmark. Historically, Cullen/Frost Bankers' own PS Ratio has ranged from 2.35 to 6.81 over the past decade. While the company's 10-year median is 4.41 vs. the industry median of 2.97, 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 PS Ratio for a Banks company?
The median PS Ratio among Banks companies is 2.97, based on 1,519 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cullen/Frost Bankers's current PS Ratio of 4.34 is 46.1% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Cullen/Frost Bankers and its competitors. For the Banks industry, the median PS Ratio is 2.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cullen/Frost Bankers's current PS Ratio is 4.34, which is near median its own 10-year median of 4.41. 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 (CFR) is currently considered Modestly Overvalued. The stock's GF Value™ is $136.24, compared to a current price of $154.52 — trading 13.4% above its estimated fair value. The current PS Ratio is 4.34, which is near median its 10-year median of 4.41 and 46.1% above the Banks industry median of 2.97. Cullen/Frost Bankers' overall GF Score™ is 72/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Cullen/Frost Bankers (CFR), the current PS Ratio is 4.34 as of Jun. 30, 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 (CFR) Overvalued in 2026?
Based on GuruFocus' analysis, Cullen/Frost Bankers stock appears to be overvalued.
The current stock price of $154.52 is trading 13.4% above its estimated GF Value™ of $136.24.
GuruFocus considers Cullen/Frost Bankers to be Modestly Overvalued.
Key valuation signals for CFR:
PS Ratio: 4.34 (near median its 10-year median of 4.41)
GF Value™: $136.24 vs. price of $154.52 (13.4% above fair value)
Industry Position: 46.1% above the Banks median (#1169 of 1519)
No single metric tells the full story. See the CFR 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.
72GF Score
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