• Cullen/Frost Bankers average price to free cash flow ratio for 2024 was 10.11, a 27.99% increase from 2023.
• Cullen/Frost Bankers average price to free cash flow ratio for 2023 was 14.04, a 9.43% decline from 2022.
• Cullen/Frost Bankers average price to free cash flow ratio for 2022 was 12.83, a 4.14% increase from 2021.

Price to free cash flow ratio can be defined as