Is CFR or CHCO more undervalued in 2026?

CirclFi compares Cullen/Frost Bankers, Inc. (CFR) and City Holding Company (CHCO) using 13 institutional-grade valuation models. CFR has a Quality of Company score of 8.2/10 while CHCO scores 9.4/10.

Which is a better buy — CFR or CHCO?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do CFR and CHCO valuations compare?

CFR at $136.26 and CHCO at $124.60 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

CFR vs CHCO Valuation Comparison 2026 — Intrinsic Value Analysis

CFR

Banks - Regional

Cullen/Frost Bankers, Inc.

Quality

8.2

out of 10

Value Trap

—

Price

$136.26

Last close

Models

11/13

Active

CHCO

Banks - Regional

City Holding Company

Quality

9.4

out of 10

Value Trap

SAFE

Price

$124.60

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	CFR Fair Value	CFR Upside	CHCO Fair Value	CHCO Upside
Bayesian DCF	Intrinsic	$116.57	-14.5%	$52.83	-57.6%
Earnings Power Value	Intrinsic	$253.99	+86.4%	$83.37	-33.1%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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CFR vs CHCO — Which Stock Is More Undervalued?

CHCO scores higher with a 9.4/10 quality rating vs CFR's 8.2/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Cullen/Frost Bankers, Inc. (CFR) and City Holding Company (CHCO) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

CFR currently trades at $136.26 with a QOC of 8.2/10, while CHCO trades at $124.60 with a QOC of 9.4/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).