Stock Analysis on Net
Stock Analysis on Net

Cintas Corp. (NASDAQ:CTAS) 

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

Microsoft Excel

Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).

Historical Valuation Ratios (Summary)

Cintas Corp., historical price multiples (quarterly data)

Microsoft Excel
Nov 30, 2024 Aug 31, 2024 May 31, 2024 Feb 29, 2024 Nov 30, 2023 Aug 31, 2023 May 31, 2023 Feb 28, 2023 Nov 30, 2022 Aug 31, 2022 May 31, 2022 Feb 28, 2022 Nov 30, 2021 Aug 31, 2021 May 31, 2021 Feb 28, 2021 Nov 30, 2020 Aug 31, 2020 May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018
Price to earnings (P/E) 45.40 50.44 48.40 45.46 41.36 35.53 38.08 35.44 34.93 33.19 33.51 36.75 36.29 36.29 36.18 37.10 38.15 38.39 36.13 18.82 31.29 29.18 30.30 — — —
Price to operating profit (P/OP) 35.01 38.81 36.77 34.32 30.87 26.34 28.48 26.46 26.46 25.53 26.09 28.86 28.67 28.99 29.01 29.64 30.03 29.45 27.22 14.20 23.50 22.94 23.66 — — —
Price to sales (P/S) 7.82 8.47 7.93 7.26 6.44 5.46 5.82 5.34 5.36 5.13 5.27 5.83 5.62 5.70 5.65 5.31 5.30 5.06 4.47 2.48 4.06 3.85 3.89 — — —
Price to book value (P/BV) 18.11 20.55 17.62 16.14 14.82 12.04 13.29 12.64 13.09 12.91 12.52 13.49 11.73 12.52 10.90 9.60 10.22 9.85 9.78 5.42 9.33 8.83 8.93 6.79 6.03 6.26

Based on: 10-Q (reporting date: 2024-11-30), 10-Q (reporting date: 2024-08-31), 10-K (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31).

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Cintas Corp. P/E ratio increased from Q4 2024 to Q1 2025 but then decreased significantly from Q1 2025 to Q2 2025.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Cintas Corp. P/OP ratio increased from Q4 2024 to Q1 2025 but then decreased significantly from Q1 2025 to Q2 2025.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Cintas Corp. P/S ratio increased from Q4 2024 to Q1 2025 but then decreased significantly from Q1 2025 to Q2 2025.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Cintas Corp. P/BV ratio increased from Q4 2024 to Q1 2025 but then slightly decreased from Q1 2025 to Q2 2025 not reaching Q4 2024 level.

Price to Earnings (P/E)

Cintas Corp., historical P/E calculation (quarterly data)

Microsoft Excel
Nov 30, 2024 Aug 31, 2024 May 31, 2024 Feb 29, 2024 Nov 30, 2023 Aug 31, 2023 May 31, 2023 Feb 28, 2023 Nov 30, 2022 Aug 31, 2022 May 31, 2022 Feb 28, 2022 Nov 30, 2021 Aug 31, 2021 May 31, 2021 Feb 28, 2021 Nov 30, 2020 Aug 31, 2020 May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018
No. shares of common stock outstanding1 403,543,932 403,298,633 403,075,724 405,852,996 405,485,740 407,416,472 406,966,256 406,807,216 406,481,916 406,181,292 404,752,344 409,299,644 414,930,304 413,630,496 411,868,980 420,212,788 420,119,852 418,501,536 413,996,048 416,200,808 415,003,192 413,998,604 409,948,156 418,283,464 418,175,580 427,582,992
Selected Financial Data (US$)
Net income (in thousands) 448,495 452,033 414,315 397,579 374,613 385,085 346,201 325,827 324,293 351,689 294,461 315,448 294,669 331,179 267,722 258,384 284,857 300,005 144,585 234,520 246,120 250,812 226,119 203,334 243,013 212,515
Earnings per share (EPS)2 4.24 4.06 3.90 3.70 3.53 3.39 3.31 3.19 3.16 3.09 3.05 2.95 2.78 2.76 2.70 2.35 2.29 2.21 2.12 2.30 2.23 2.23 2.16 0.00 0.00 0.00
Share price1, 3 192.65 204.91 188.71 168.42 146.03 120.46 126.14 112.93 110.49 102.65 102.31 108.56 100.75 100.20 97.59 87.22 87.54 84.88 76.45 43.31 69.84 65.08 65.42 51.59 43.68 48.98
Valuation Ratio
P/E ratio4 45.40 50.44 48.40 45.46 41.36 35.53 38.08 35.44 34.93 33.19 33.51 36.75 36.29 36.29 36.18 37.10 38.15 38.39 36.13 18.82 31.29 29.18 30.30 — — —

Based on: 10-Q (reporting date: 2024-11-30), 10-Q (reporting date: 2024-08-31), 10-K (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31).

1 Data adjusted for splits and stock dividends.

2 Q2 2025 Calculation
EPS = (Net incomeQ2 2025 + Net incomeQ1 2025 + Net incomeQ4 2024 + Net incomeQ3 2024) ÷ No. shares of common stock outstanding
= (448,495,000 + 452,033,000 + 414,315,000 + 397,579,000) ÷ 403,543,932 = 4.24

3 Closing price as at the filing date of Cintas Corp. Quarterly or Annual Report.

4 Q2 2025 Calculation
P/E ratio = Share price ÷ EPS
= 192.65 ÷ 4.24 = 45.40

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Cintas Corp. P/E ratio increased from Q4 2024 to Q1 2025 but then decreased significantly from Q1 2025 to Q2 2025.

Price to Operating Profit (P/OP)

Cintas Corp., historical P/OP calculation (quarterly data)

Microsoft Excel
Nov 30, 2024 Aug 31, 2024 May 31, 2024 Feb 29, 2024 Nov 30, 2023 Aug 31, 2023 May 31, 2023 Feb 28, 2023 Nov 30, 2022 Aug 31, 2022 May 31, 2022 Feb 28, 2022 Nov 30, 2021 Aug 31, 2021 May 31, 2021 Feb 28, 2021 Nov 30, 2020 Aug 31, 2020 May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018
No. shares of common stock outstanding1 403,543,932 403,298,633 403,075,724 405,852,996 405,485,740 407,416,472 406,966,256 406,807,216 406,481,916 406,181,292 404,752,344 409,299,644 414,930,304 413,630,496 411,868,980 420,212,788 420,119,852 418,501,536 413,996,048 416,200,808 415,003,192 413,998,604 409,948,156 418,283,464 418,175,580 427,582,992
Selected Financial Data (US$)
Operating income (in thousands) 591,390 561,031 547,594 520,800 499,683 500,556 470,798 446,812 444,934 440,120 404,436 407,605 381,228 394,101 356,446 326,468 352,872 349,706 207,434 314,652 334,464 306,146 314,411 278,255 275,640 265,228
Operating profit per share2 5.50 5.28 5.13 4.91 4.73 4.57 4.43 4.27 4.18 4.02 3.92 3.76 3.51 3.46 3.36 2.94 2.92 2.88 2.81 3.05 2.97 2.84 2.77 0.00 0.00 0.00
Share price1, 3 192.65 204.91 188.71 168.42 146.03 120.46 126.14 112.93 110.49 102.65 102.31 108.56 100.75 100.20 97.59 87.22 87.54 84.88 76.45 43.31 69.84 65.08 65.42 51.59 43.68 48.98
Valuation Ratio
P/OP ratio4 35.01 38.81 36.77 34.32 30.87 26.34 28.48 26.46 26.46 25.53 26.09 28.86 28.67 28.99 29.01 29.64 30.03 29.45 27.22 14.20 23.50 22.94 23.66 — — —

Based on: 10-Q (reporting date: 2024-11-30), 10-Q (reporting date: 2024-08-31), 10-K (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31).

1 Data adjusted for splits and stock dividends.

2 Q2 2025 Calculation
Operating profit per share = (Operating incomeQ2 2025 + Operating incomeQ1 2025 + Operating incomeQ4 2024 + Operating incomeQ3 2024) ÷ No. shares of common stock outstanding
= (591,390,000 + 561,031,000 + 547,594,000 + 520,800,000) ÷ 403,543,932 = 5.50

3 Closing price as at the filing date of Cintas Corp. Quarterly or Annual Report.

4 Q2 2025 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 192.65 ÷ 5.50 = 35.01

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Cintas Corp. P/OP ratio increased from Q4 2024 to Q1 2025 but then decreased significantly from Q1 2025 to Q2 2025.

Price to Sales (P/S)

Cintas Corp., historical P/S calculation (quarterly data)

Microsoft Excel
Nov 30, 2024 Aug 31, 2024 May 31, 2024 Feb 29, 2024 Nov 30, 2023 Aug 31, 2023 May 31, 2023 Feb 28, 2023 Nov 30, 2022 Aug 31, 2022 May 31, 2022 Feb 28, 2022 Nov 30, 2021 Aug 31, 2021 May 31, 2021 Feb 28, 2021 Nov 30, 2020 Aug 31, 2020 May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018
No. shares of common stock outstanding1 403,543,932 403,298,633 403,075,724 405,852,996 405,485,740 407,416,472 406,966,256 406,807,216 406,481,916 406,181,292 404,752,344 409,299,644 414,930,304 413,630,496 411,868,980 420,212,788 420,119,852 418,501,536 413,996,048 416,200,808 415,003,192 413,998,604 409,948,156 418,283,464 418,175,580 427,582,992
Selected Financial Data (US$)
Revenue (in thousands) 2,561,783 2,501,587 2,470,935 2,406,173 2,377,177 2,342,330 2,284,471 2,189,986 2,174,858 2,166,454 2,074,686 1,960,542 1,922,281 1,896,950 1,835,661 1,777,056 1,757,048 1,746,575 1,619,584 1,810,648 1,843,749 1,811,139 1,793,730 1,682,330 1,718,268 1,697,975
Sales per share2 24.63 24.19 23.81 23.19 22.67 22.07 21.66 21.15 20.61 20.00 19.41 18.61 17.91 17.57 17.28 16.42 16.50 16.78 17.11 17.44 17.18 16.92 16.81 0.00 0.00 0.00
Share price1, 3 192.65 204.91 188.71 168.42 146.03 120.46 126.14 112.93 110.49 102.65 102.31 108.56 100.75 100.20 97.59 87.22 87.54 84.88 76.45 43.31 69.84 65.08 65.42 51.59 43.68 48.98
Valuation Ratio
P/S ratio4 7.82 8.47 7.93 7.26 6.44 5.46 5.82 5.34 5.36 5.13 5.27 5.83 5.62 5.70 5.65 5.31 5.30 5.06 4.47 2.48 4.06 3.85 3.89 — — —

Based on: 10-Q (reporting date: 2024-11-30), 10-Q (reporting date: 2024-08-31), 10-K (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31).

1 Data adjusted for splits and stock dividends.

2 Q2 2025 Calculation
Sales per share = (RevenueQ2 2025 + RevenueQ1 2025 + RevenueQ4 2024 + RevenueQ3 2024) ÷ No. shares of common stock outstanding
= (2,561,783,000 + 2,501,587,000 + 2,470,935,000 + 2,406,173,000) ÷ 403,543,932 = 24.63

3 Closing price as at the filing date of Cintas Corp. Quarterly or Annual Report.

4 Q2 2025 Calculation
P/S ratio = Share price ÷ Sales per share
= 192.65 ÷ 24.63 = 7.82

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Cintas Corp. P/S ratio increased from Q4 2024 to Q1 2025 but then decreased significantly from Q1 2025 to Q2 2025.

Price to Book Value (P/BV)

Cintas Corp., historical P/BV calculation (quarterly data)

Microsoft Excel
Nov 30, 2024 Aug 31, 2024 May 31, 2024 Feb 29, 2024 Nov 30, 2023 Aug 31, 2023 May 31, 2023 Feb 28, 2023 Nov 30, 2022 Aug 31, 2022 May 31, 2022 Feb 28, 2022 Nov 30, 2021 Aug 31, 2021 May 31, 2021 Feb 28, 2021 Nov 30, 2020 Aug 31, 2020 May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018
No. shares of common stock outstanding1 403,543,932 403,298,633 403,075,724 405,852,996 405,485,740 407,416,472 406,966,256 406,807,216 406,481,916 406,181,292 404,752,344 409,299,644 414,930,304 413,630,496 411,868,980 420,212,788 420,119,852 418,501,536 413,996,048 416,200,808 415,003,192 413,998,604 409,948,156 418,283,464 418,175,580 427,582,992
Selected Financial Data (US$)
Shareholders’ equity (in thousands) 4,293,106 4,021,423 4,316,372 4,234,083 3,994,481 4,077,635 3,863,986 3,633,256 3,430,538 3,229,626 3,308,196 3,293,900 3,563,127 3,309,203 3,687,847 3,816,510 3,597,960 3,604,804 3,235,202 3,324,309 3,104,970 3,050,706 3,002,721 3,179,492 3,027,244 3,345,968
Book value per share (BVPS)2 10.64 9.97 10.71 10.43 9.85 10.01 9.49 8.93 8.44 7.95 8.17 8.05 8.59 8.00 8.95 9.08 8.56 8.61 7.81 7.99 7.48 7.37 7.32 7.60 7.24 7.83
Share price1, 3 192.65 204.91 188.71 168.42 146.03 120.46 126.14 112.93 110.49 102.65 102.31 108.56 100.75 100.20 97.59 87.22 87.54 84.88 76.45 43.31 69.84 65.08 65.42 51.59 43.68 48.98
Valuation Ratio
P/BV ratio4 18.11 20.55 17.62 16.14 14.82 12.04 13.29 12.64 13.09 12.91 12.52 13.49 11.73 12.52 10.90 9.60 10.22 9.85 9.78 5.42 9.33 8.83 8.93 6.79 6.03 6.26

Based on: 10-Q (reporting date: 2024-11-30), 10-Q (reporting date: 2024-08-31), 10-K (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31).

1 Data adjusted for splits and stock dividends.

2 Q2 2025 Calculation
BVPS = Shareholders’ equity ÷ No. shares of common stock outstanding
= 4,293,106,000 ÷ 403,543,932 = 10.64

3 Closing price as at the filing date of Cintas Corp. Quarterly or Annual Report.

4 Q2 2025 Calculation
P/BV ratio = Share price ÷ BVPS
= 192.65 ÷ 10.64 = 18.11

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Cintas Corp. P/BV ratio increased from Q4 2024 to Q1 2025 but then slightly decreased from Q1 2025 to Q2 2025 not reaching Q4 2024 level.