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Cintas Corporation (CTAS) Fair Value & Analysis

Industrials · US · Market cap $82.5B

CC Cintas Corporation logo Cintas Corporation CTAS · US
Price$200.70
Fair Value$95.19
Upside-52.6%
Quality78/100
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Healthy Growth
Solidly profitable · 17.8% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/15)
Wide moat 86/100
Evidence: High Range $55.52 – $120.64 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from $95.30 to $95.19 (−0.1%) since Jul 17, 2026. Share price +8.9% over the past month.

A strong business, but screening 53% overvalued on our models.

What matters now

  • A high-quality business (quality 78/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case ($120.64). The favourable scenario is already priced in.
  • A fairly wide model range ($55.52 to $120.64) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$225.52 $81.73 Fair Value $95.19 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range $81.73 – $225.52 · fair‑value band $55.52 – $120.64 · the $200.70 price screens above the $95.19 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Cintas Corporation (CTAS) currently trades at $200.70, while our model-based Fair Value estimate is $95.19, implying the stock looks roughly 52.6% overvalued today. The Quality Score stands at 78/100 (high quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Cintas Corporation generated revenue of $11.0B at a net margin of 17.6%. Revenue grew 8.9% year over year. It earns a return on equity of 41.3%. Net debt stands at $2.4B. Fundamentals as of Aug 13, 2026

Our scenario range runs from $55.52 (bear case) to $120.64 (bull case); at $200.70, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 11% below its 52-week high and 25% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -22% fair-value upside, at -53%, CTAS screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF $51.43 $87.64 $145.75 80
Residual Income $36.89 $52.84 $539.60 76
Rev-Margin DCF $36.41 $61.01 $90.95 74
All 26 models by family
DCF Models
FCF DCF $51.05 $88.39 $148.75 38
Owner Earnings $58.14 $100.18 $168.12 31
5Y Revenue Exit $36.41 $60.93 $92.59 39
5Y EBITDA Exit $59.21 $105.44 $161.16 41
5Y P/E Exit $60.84 $108.62 $160.78 38
10Y Revenue Exit $39.90 $64.13 $97.83 36
10Y EBITDA Exit $55.82 $95.76 $152.31 37
10Y P/E Exit $56.88 $98.02 $152.01 35
Earnings-Based
Graham-Dodd $33.99 $128.24 $173.53 54
Lynch FV $31.03 $44.33 $57.63 50
PEG = 1.0 $31.03 $44.33 $57.63 46
EPV $44.67 $53.01 $60.30 59
Dividend Discount
Gordon GGM $16.10 $33.47 $53.09 70
DDM Multi-Stage $16.10 $28.22 $35.13 61
Multiples
P/E Multiple $78.72 $104.96 $131.20 63
P/S Multiple $42.23 $56.30 $70.38 58
P/B Multiple $43.35 $57.80 $72.25 55
EV/EBIT $77.72 $105.40 $133.09 53
EV/EBITDA $70.67 $96.01 $121.34 54
EV/Revenue $30.13 $45.34 $60.54 43
Asset-Based
NCAV (Graham) $6.42 $8.61 $12.85 50
Growth DCF
Growth DCF $51.43 $87.64 $145.75 80
Rev-Margin DCF $36.41 $61.01 $90.95 74
Economic Profit
Residual Income $36.89 $52.84 $539.60 76
ROIC Compounder $49.46 $65.03 $83.62 72
Growth Earnings
Growth-Adj P/E $56.95 $81.35 $105.76 68

Widest divergence: DCF Models ($95.76) versus Asset-Based ($8.61). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) $11.3B
Revenue growth (YoY) +8.9%
Net margin 17.8%
Return on equity 40.7%
Free cash flow $1.9B FY2026
P/E ratio 40.9
More key figures
Operating margin 23.7%
EPS (TTM) $4.91
EPS growth (YoY) +15.6%
Net debt $2.4B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 78/100

Of which business quality 74 · Market factors (momentum, volatility) 53

Profitability 91
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 70
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 43
Distance to the 52-week high (market factor)
Net Issuance 90
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments.

Full company description

Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms. In addition, the company offers first aid and safety services, and fire protection products and services. It provides its products and services through its distribution network and local delivery routes, or local representatives to small service and manufacturing companies, as well as major corporations. The company was founded in 1968 and is based in Cincinnati, Ohio. Cintas Corporation was formerly a subsidiary of Cintas Corporation.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Cintas Corporation reported revenue of $11.3B in FY2026 versus $7.9B in FY2022, a compound +9.4%/yr. Reported net income was $2.0B in FY2026, compounding +12.8%/yr from FY2022.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
$11.3B
Latest YoY
+8.9%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.5%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.6%
Avg. growth/yr (40Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.9%
Revenue +9.4%/yr
FY22 $7.9B
FY23 $8.8B
FY24 $9.6B
FY25 $10.3B
FY26 $11.3B
Net income +12.8%/yr
FY22 $1.2B
FY23 $1.3B
FY24 $1.6B
FY25 $1.8B
FY26 $2.0B
Character of growth · EPS growth decomposed (2015-2026) +11.7 % p.a.
Revenue per share +6.1 pp

of which total revenue +8.7 pp · buybacks/dilution −2.6 pp

EBIT margin +4.4 pp
Tax rate +1.7 pp
Residual (interest, one-offs) −0.6 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

CTAS screens 53% overvalued. Compare with RELX PLC →

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Cite: Fair Value Calculator (2026). "Cintas Corporation Fair Value". https://www.fairvalue-calculator.com/stock/CTAS

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Specialty Business Services · 250 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 78 · Top 25%
Fair Value upside −53% · Bottom 25%
Return on equity (TTM) 41% · Top 25%
Return on assets 16% · Top 25%
Net margin (TTM) 18% · Top 25%
Operating margin (TTM) 24% · Top 25%
Revenue growth 9% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.47× · Higher than median

Valuation Multiples vs Specialty Business Services median · lower = cheaper

P/E (TTM) 40.9× · Pricier than 75% of peers
P/B 16.06× · Pricier than 75% of peers
P/S (TTM) 7.33× · Pricier than 75% of peers
P/FCF 43.9× · Pricier than 75% of peers
EV/EBITDA 27.0× · Pricier than 75% of peers
PEG 3.06× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 28
FUTURE 45 · sector 25
PAST 100 · sector 33
HEALTH 76 · sector 90
DIVIDEND 0 · sector 53

VALUE 0: the price sits above our fair-value range.

Insider activity: 46/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Business Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
RELX PLC RELX $34.55 $32.24 -7%
Thomson Reuters Corporation TRI C$142.85 C$70.40 -51%
Copart, Inc CPRT $28.99 $28.59 -1%
Global Payments Inc GPN $88.53 $68.98 -22%
RB Global, Inc RBA C$120.52 C$49.14 -59%
Brambles Limited BXB A$19.89 A$12.28 -38%
UL Solutions Inc ULS $76.68 $33.62 -56%
Aramark ARMK $60.35 $13.18 -78%
Rentokil Initial plc RTO $24.56 $19.63 -20%
ISS A/S ISS kr 288.20 kr 251.13 -13%

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Frequently asked questions

Is Cintas Corporation (CTAS) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of $95.19 versus a price of $200.70, about −53% (overvalued).
What is the fair value of CTAS?
Our model-based fair value for Cintas Corporation is $95.19 (as of Aug 13, 2026), built from audited fundamentals. The current price is $200.70.
What is the quality score of CTAS?
Cintas Corporation has a Quality Score of 78/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Cintas Corporation (CTAS)?
Cintas Corporation reported trailing-twelve-month revenue of about $11.0B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of CTAS?
The net profit margin of Cintas Corporation is about 17.6%, meaning it keeps roughly 17.6% of revenue as net income. Based on the latest reported figures.
Does Cintas Corporation pay a dividend?
Cintas Corporation currently shows a dividend yield of about 1.00% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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