Cullen/Frost BankersCFR +1.10%72 Return-on-Tangible-Asset is 1.29% as of Mar. 2026, which is 13% above its 10-year median of 1.14. GuruFocus rates CFR with a GF Score™ of 72/100 and a GF Value™ of $136.84 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,527 Banks companies, Cullen/Frost Bankers ranks better than 68.5% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Cullen/Frost Bankers's annualizedNet Income for the quarter that ended in Mar. 2026 was $684 Mil. Cullen/Frost Bankers's average total tangible assets for the quarter that ended in Mar. 2026 was $52,883 Mil. Therefore, Cullen/Frost Bankers's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.29%.
The historical rank and industry rank for Cullen/Frost Bankers's Return-on-Tangible-Asset or its related term are showing as below:
CFR'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.88 Med: 1.14 Max: 1.45
Current: 1.28
During the past 13 years, Cullen/Frost Bankers's highest Return-on-Tangible-Asset was 1.45%. The lowest was 0.88%. And the median was 1.14%.
CFR's Return-on-Tangible-Asset is ranked better than 68.5% of 1527
companies
in the Banks industry
Industry Median: 0.99
vs CFR: 1.28
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Cullen/Frost Bankers Return-on-Tangible-Asset Related Terms
Cullen/Frost Bankers Return-on-Tangible-Asset Historical Data
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The historical data trend for Cullen/Frost Bankers's Return-on-Tangible-Asset 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.
CFR vs SSB, ONB, ZION: Return-on-Tangible-Asset Comparison
For the Banks - Regional subindustry, Cullen/Frost Bankers's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Banks Industry
For the Banks industry and Financial Services sector, Cullen/Frost Bankers's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Cullen/Frost Bankers's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 1.29% mean?
Cullen/Frost Bankers (CFR) has a Return-on-Tangible-Asset of 1.29% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Cullen/Frost Bankers and its competitors. This is 13% above median its historical median of 1.14. Over the past decade, Cullen/Frost Bankers' Return-on-Tangible-Asset has ranged from 0.88 to 1.45. According to the industry distribution chart, Cullen/Frost Bankers ranks #481 out of 1527 companies in the Banks industry, placing it in the top 31.5%.
Is Cullen/Frost Bankers' Return-on-Tangible-Asset too high?
Cullen/Frost Bankers' current Return-on-Tangible-Asset of 1.29% is 13% above median its 10-year median of 1.14. Over the past 10 years, this metric has ranged from a low of 0.88 to a high of 1.45. The Banks industry median Return-on-Tangible-Asset is 0.99. Cullen/Frost Bankers' value of 1.29% is 30.3% above this industry median. Based on the distribution chart, Cullen/Frost Bankers ranks #481 out of 1527 companies in the Banks industry, which is above the industry midpoint. 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' Return-on-Tangible-Asset compare to SSB and ONB?
According to the Banks industry distribution chart, Cullen/Frost Bankers ranks #481 out of 1527 companies for Return-on-Tangible-Asset. This puts Cullen/Frost Bankers in the upper half of its industry. The industry median Return-on-Tangible-Asset is 0.99. Cullen/Frost Bankers' value of 1.29% is 30.3% above this benchmark. Historically, Cullen/Frost Bankers' own Return-on-Tangible-Asset has ranged from 0.88 to 1.45 over the past decade. While the company's 10-year median is 1.14 vs. the industry median of 0.99, 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 Return-on-Tangible-Asset for a Banks company?
The median Return-on-Tangible-Asset among Banks companies is 0.99, based on 1,527 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cullen/Frost Bankers's current Return-on-Tangible-Asset of 1.29% is 30.3% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Cullen/Frost Bankers and its competitors. For the Banks industry, the median Return-on-Tangible-Asset is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cullen/Frost Bankers's current Return-on-Tangible-Asset is 1.29%, which is 13% above median its own 10-year median of 1.14. 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 $136.84, compared to a current price of $156.86 — trading 14.6% above its estimated fair value. The current Return-on-Tangible-Asset is 1.29%, which is 13% above median its 10-year median of 1.14 and 30.3% above the Banks industry median of 0.99. 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 Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Cullen/Frost Bankers (CFR), the current Return-on-Tangible-Asset is 1.29% 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 (CFR) Overvalued in 2026?
Based on GuruFocus' analysis, Cullen/Frost Bankers stock appears to be overvalued.
The current stock price of $156.86 is trading 14.6% above its estimated GF Value™ of $136.84.
GuruFocus considers Cullen/Frost Bankers to be Modestly Overvalued.
Key valuation signals for CFR:
Return-on-Tangible-Asset: 1.29% (13% above median its 10-year median of 1.14)
GF Value™: $136.84 vs. price of $156.86 (14.6% above fair value)
Industry Position: 30.3% above the Banks median (#481 of 1527)
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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