• Cullen/Frost Bankers average price to free cash flow ratio for 2024 was 10.38, a 28.22% increase from 2023.
• Cullen/Frost Bankers average price to free cash flow ratio for 2023 was 14.46, a 9.05% decline from 2022.
• Cullen/Frost Bankers average price to free cash flow ratio for 2022 was 13.26, a 4.08% increase from 2021.

Price to free cash flow ratio can be defined as