CFR Price / Book | Cullen/Frost Bankers, Inc.

CULLEN/FROST BANKERS, INC. Price/Book Ratio

The price-to-book (P/B) ratio compares what the stock market says a company is worth with what the company's own books say it is worth. It is market capitalization divided by shareholder equity, the book value left after subtracting liabilities from assets, and the table shows both amounts. A ratio of 1.0 means market value equals book value; a higher ratio means investors value the company above its net assets, often for brands, software or expected growth the books do not record. A negative ratio means equity is negative. Each point uses the filed share count and the last closing price on or before the equity's reporting date, never today's price.

CULLEN/FROST BANKERS, INC. price/book ratio for the quarter ending 2026-06-30 was 2.1, a 6.76% increase year-over-year.
CULLEN/FROST BANKERS, INC. price/book ratio for the quarter ending 2026-03-31 was 1.91, a 2.16% decline year-over-year.
CULLEN/FROST BANKERS, INC. price/book ratio for the quarter ending 2025-12-31 was 1.77, a 19.87% decline year-over-year.
CULLEN/FROST BANKERS, INC. price/book ratio for the quarter ending 2025-09-30 was 1.83, a 5.56% increase year-over-year.
CULLEN/FROST BANKERS, INC. price/book ratio for fiscal 2026 was 2.1.
CULLEN/FROST BANKERS, INC. price/book ratio for fiscal 2025 was 1.77, a 19.87% decline from fiscal 2024.
CULLEN/FROST BANKERS, INC. price/book ratio for fiscal 2024 was 2.21, a 18.12% increase from fiscal 2023.
CULLEN/FROST BANKERS, INC. price/book ratio for fiscal 2023 was 1.87, a 31.77% decline from fiscal 2022.

Available history: 2010-09-30 to 2026-06-30
Data captured: 2026-06-30

Historical Price/Book Ratio

Date	Price/Book Ratio	Market capitalization	Shareholder equity
2026-06-30	2.1	$9.7B	$4.62B
2026-03-31	1.91	$8.66B	$4.53B
2025-12-31	1.77	$8.09B	$4.57B
2025-09-30	1.83	$8.15B	$4.46B
2025-06-30	1.97	$8.26B	$4.2B
2025-03-31	1.95	$8.04B	$4.11B
2024-12-31	2.21	$8.61B	$3.9B
2024-09-30	1.73	$7.16B	$4.14B
2024-06-30	1.78	$6.53B	$3.67B
2024-03-31	1.99	$7.23B	$3.64B
2023-12-31	1.87	$6.95B	$3.72B
2023-09-30	1.95	$5.85B	$3B
2023-06-30	2.04	$6.92B	$3.39B
2023-03-31	1.96	$6.78B	$3.47B
2022-12-31	2.74	$8.6B	$3.14B
2022-09-30	3.01	$8.48B	$2.81B
2022-06-30	2.23	$7.46B	$3.35B
2022-03-31	2.35	$8.86B	$3.78B
2021-12-31	1.81	$8.03B	$4.44B
2021-09-30	1.73	$7.55B	$4.37B
2021-06-30	1.63	$7.12B	$4.37B
2021-03-31	1.61	$6.87B	$4.27B
2020-12-31	1.28	$5.48B	$4.29B
2020-09-30	0.98	$4.01B	$4.09B
2020-06-30	1.17	$4.67B	$4.01B
2020-03-31	0.91	$3.5B	$3.83B
2019-12-31	1.56	$6.12B	$3.91B
2019-09-30	1.43	$5.55B	$3.88B
2019-06-30	1.58	$5.91B	$3.74B
2019-03-31	1.7	$6.11B	$3.59B
2018-12-31	1.67	$5.62B	$3.37B
2018-09-30	2.02	$6.67B	$3.31B
2018-06-30	2.09	$6.91B	$3.31B
2018-03-31	2.08	$6.75B	$3.24B
2017-12-31	1.81	$5.98B	$3.3B
2017-09-30	1.91	$6.1B	$3.19B
2017-06-30	1.86	$6.01B	$3.22B
2017-03-31	1.83	$5.67B	$3.1B
2016-12-31	1.85	$5.55B	$3B
2016-09-30	1.41	$4.47B	$3.16B
2016-06-30	1.26	$3.95B	$3.14B
2016-03-31	1.14	$3.42B	$2.99B
2015-12-31	1.29	$3.74B	$2.89B
2015-09-30	1.38	$4.02B	$2.9B
2015-06-30	1.73	$4.96B	$2.87B
2015-03-31	1.5	$4.36B	$2.91B
2014-12-31	1.56	$4.45B	$2.85B
2014-09-30	1.71	$4.82B	$2.82B
2014-06-30	1.75	$4.84B	$2.77B
2014-03-31	1.84	$4.71B	$2.57B
2013-12-31	1.79	$4.5B	$2.51B
2013-09-30	1.72	$4.26B	$2.48B
2013-06-30	1.65	$4.01B	$2.43B
2013-03-31	1.57	$3.85B	$2.44B
2012-12-31	1.38	$3.34B	$2.42B
2012-09-30	1.46	$3.53B	$2.42B
2012-06-30	1.49	$3.53B	$2.36B
2012-03-31	1.54	$3.57B	$2.32B
2011-12-31	1.42	$3.24B	$2.28B
2011-09-30	1.25	$2.81B	$2.25B
2011-06-30	1.6	$3.48B	$2.18B
2011-03-31	1.72	$3.61B	$2.1B
2010-12-31	1.81	$3.72B	$2.06B
2010-09-30	1.54	$3.27B	$2.12B

Annual Price/Book Ratio

Date	Price/Book Ratio	Market capitalization	Shareholder equity
2026-06-30	2.1	$9.7B	$4.62B
2025-12-31	1.77	$8.09B	$4.57B
2024-12-31	2.21	$8.61B	$3.9B
2023-12-31	1.87	$6.95B	$3.72B
2022-12-31	2.74	$8.6B	$3.14B
2021-12-31	1.81	$8.03B	$4.44B
2020-12-31	1.28	$5.48B	$4.29B
2019-12-31	1.56	$6.12B	$3.91B
2018-12-31	1.67	$5.62B	$3.37B
2017-12-31	1.81	$5.98B	$3.3B
2016-12-31	1.85	$5.55B	$3B
2015-12-31	1.29	$3.74B	$2.89B
2014-12-31	1.56	$4.45B	$2.85B
2013-12-31	1.79	$4.5B	$2.51B
2012-12-31	1.38	$3.34B	$2.42B
2011-12-31	1.42	$3.24B	$2.28B
2010-12-31	1.81	$3.72B	$2.06B

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