Cintas Corporation (CTAS) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Cintas Corporation stock $189, price $226, that is 16.6% below the price, quality 78 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range $83.49 – $229.03 · fair‑value band $114.78 – $243.14 · the $226.41 price screens above the $188.90 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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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.
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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.
Stock analysis
Cintas Corporation (CTAS) currently trades at $226.41, while our model-based Fair Value estimate is $188.90, 17% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $99.27 per share, and 0 of the 26 models we run sit above the $226.41 price.
Bear case: the Dividend Discount group reads lowest at $28.30, and 26 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: $114.78 (bear) to $243.14 (bull), the price of $226.41 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 78/100 (high quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
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.
Key figures
Market cap $92.0B Large · P/E ratio 44.7 · P/S ratio 7.96 · EPS (TTM) $5.07 · Dividend yield 0.8% · Net margin 17.8% · Return on equity 41.4% · Return on assets (EBIT) 22.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 87 out of 100 (medium confidence).
What moves the price
The share trades about 1% below its 52-week high and 39% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −15% fair-value upside, at −17%, CTAS screens richer than that median.
Fair Value models
Bear$114.78Fair Value $188.90Bull$243.14
Price $226.41 · Downside -16.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 5 months old). Earnings retained since then ($1.39 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 2 officers or directors sold shares worth $2.7M and none bought.
SaleRonald W TysoeDirector2× since Apr 20, 2026: 9,029 shares, avg. $189.03$1.7MJul 22, 2026
SaleMelanie W. BarstadDirector9,142 shares at $202.94$1.9MJul 16, 2026
Plus 15 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+8.9%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+8.5%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+9.6%
Start year 2021 (pandemic). Over 10 years: +8.7% a year
Revenue growth 40 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+11.9%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+14.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.8%
Dividend (yield on the price)0.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.13.8% vs 12.1%, steady
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.20% → 23%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+24.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+6.9%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +22.0% a year for the price and +4.4% for the forecasts.
AI conclusion: Cintas draws strength from predictable cash flows via recurring contracts and record margins, yet its main weakness is regulatory resistance limiting further consolidation.
Main risk: AI-driven manufacturing automation could shrink the number of blue-collar workers at customer sites in manufacturing and related sectors, proportionally cutting demand for uniform rental and facility services.
Bull case: Cintas could leverage its route density and data capabilities to accelerate outsourcing wins from in-house operations while using AI tools internally to optimise routes and plants, offsetting any workforce-related demand pressure.
Bear case: If automation sharply reduces customer headcounts and the UniFirst deal faces prolonged regulatory delays or conditions, integration efforts could divert resources while organic growth slows, pressuring margins in the core uniform segment.
Cintas builds predictable cash flows from recurring contracts that supply uniforms and facility services to businesses. Strong organic growth and record margins underpin the raised guidance, but the proposed UniFirst combination now faces clear regulatory resistance that could curb further consolidation. Will the core service model sustain performance if external expansion opportunities narrow?
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Specialty Business Services · 230 stocks
Beats the industry median on 6/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score78 · Top 25%
Fair Value upside−16.6% · Below median
Profitability
Return on equity (12 months)41.4% · Top 25%
Return on assets19.0% · Top 25%
Net margin (12 months)17.8% · Top 25%
Operating margin (12 months)24.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)10.9% · Above median
Dividend yield (12 months)0.8% · Bottom 25%
Balance sheet
Debt / equity0.28× · Above median
Valuation Multiplesvs Specialty Business Services median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Cintas Corporation Fair Value". https://www.fairvalue-calculator.com/stock/CTAS
Frequently asked questions
Is Cintas Corporation (CTAS) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of $188.90 versus a price of $226.41, about 17% lower (overvalued).
What is the fair value of CTAS?
Our model-based fair value for Cintas Corporation is $188.90 (as of Nov 5, 2026), built from audited fundamentals. The current price: $226.41.
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 price target for Cintas Corporation (CTAS)?
Our model-based price target is the fair value of $188.90 (as of Nov 5, 2026) from 26 valuation models. Cautious scenario $114.78, optimistic scenario $243.14. It is a calculation from audited fundamentals, not an analyst target.
What is the Cintas Corporation stock forecast for 2026?
Our models put fair value at $188.90, about 17% lower versus a price of $226.41 (overvalued). Cautious scenario $114.78, optimistic scenario $243.14. The calculation is refreshed regularly with new filings.
What is the revenue of Cintas Corporation (CTAS)?
Cintas Corporation reported trailing-twelve-month revenue of about $11.6B (latest available figure, as of Nov 5, 2026).
Does Cintas Corporation pay a dividend?
Cintas Corporation currently shows a dividend yield of 0.83% relative to its recent price (as of Nov 5, 2026).
What growth is priced into Cintas Corporation (CTAS)?
For today's price to be fair in a discounted-cash-flow model, Cintas Corporation would have to grow free cash flow by +24.9 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.6 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of CTAS use?
Our models discount Cintas Corporation at 9.0 %: a base by market capitalisation (large), damped by beta 0.92, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Cintas Corporation that is +24.9 % per year a year over ten years, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has Cintas Corporation (CTAS) delivered so far?
Over the past 5 years revenue at Cintas Corporation grew +9.6 % a year. The price currently implies +24.9 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Cintas Corporation (CTAS) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Cintas Corporation (+24.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Cintas Corporation (CTAS)?
The free-cash-flow yield on the price is 2.05 %: that much free cash flow Cintas Corporation produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Cintas Corporation (CTAS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Cintas Corporation it is $188.90 per share (as of Nov 5, 2026), against a price of $226.41. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Cintas Corporation stock overvalued or undervalued in 2026?
As of Nov 5, 2026, CTAS trades above its calculated fair value: price $226.41, fair value $188.90, a gap of about −17% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CTAS?
No. The price is what the market pays today ($226.41); the fair value is what the company's own numbers justify ($188.90). For Cintas Corporation the two are $37.51 per share apart. That gap is exactly why we show both numbers side by side.
How much is Cintas Corporation worth?
The market values Cintas Corporation at about $92.0B (market capitalisation, as of Nov 5, 2026). Per share that is $226.41; our models calculate a fair value of $188.90 per share.
What do the bullish and bearish scenarios say about CTAS?
Our models span a range for Cintas Corporation: cautious scenario $114.78, base $188.90, optimistic $243.14 per share (as of Nov 5, 2026, price $226.41). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CTAS?
Cintas Corporation trades at a price-to-earnings ratio of 44.7 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $188.90 is built from several models across several years. Other multiples: PEG 3.1, P/B 17.9, P/S 8.0, EV/EBITDA 30.0.
What is the PEG ratio of CTAS?
The PEG ratio of Cintas Corporation is 3.14 (P/E divided by earnings growth, as of Nov 5, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Cintas Corporation (CTAS)?
Balance-sheet figures for Cintas Corporation (as of Nov 5, 2026): return on equity 41.4%, debt of 0.28 per unit of equity. They feed the Quality Score of 78/100, which measures business quality independently of the share price.
How far is CTAS from its 52-week high?
Cintas Corporation trades at $226.41, about 1% below its 52-week high of $229.03 and 39% above the low of $162.68 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of $188.90 is for.
Which stocks are comparable to Cintas Corporation?
From the same area (Industrials) we also value Thomson Reuters Corporation, Copart, Inc, Global Payments Inc, Wolters Kluwer N.V, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Cintas Corporation stock attractive at the current price?
The data as of Nov 5, 2026: price $226.41, calculated fair value $188.90 (−17%), Quality Score 78/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CTAS calculated?
We run Cintas Corporation through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $188.90, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. Cintas Corporation itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Cintas Corporation (CTAS)?
The closing price on Nov 5, 2026 was $226.41. Our model-based fair value is $188.90, about 17% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Cintas Corporation right 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. A fairly wide model range ($114.78 to $243.14) leaves room in how you read the outcome.
Where does the earnings growth of Cintas Corporation (CTAS) come from?
Earnings per share at Cintas Corporation grew +11.7 % a year from 2015 to 2026. Broken into its drivers: revenue per share +6.1 %, EBIT margin +4.4 %, tax rate +1.7 %, residual (interest, one-offs) −0.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Cintas Corporation
How large is the market capitalisation of Cintas Corporation (CTAS)?
The market capitalisation of Cintas Corporation is $92.0B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Cintas Corporation (CTAS)?
The price-to-sales ratio of Cintas Corporation is 7.96 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Cintas Corporation (CTAS)?
Earnings per share at Cintas Corporation are $5.07 (price ÷ EPS = P/E 44.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Cintas Corporation (CTAS)?
The dividend yield of Cintas Corporation is 0.8% (payout 36.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Cintas Corporation (CTAS)?
The net margin of Cintas Corporation is 17.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Cintas Corporation (CTAS)?
The return on equity (ROE) of Cintas Corporation is 41.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Cintas Corporation (CTAS)?
On an EBIT basis the return on assets of Cintas Corporation is 22.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Cintas Corporation (CTAS)?
The operating margin of Cintas Corporation is 24.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Cintas Corporation (CTAS)?
Revenue at Cintas Corporation is growing +10.9% versus a year earlier (3y avg +8.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Cintas Corporation (CTAS)?
Earnings per share at Cintas Corporation are growing +13.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Cintas Corporation (CTAS) carry?
The net debt of Cintas Corporation is $2.4B (fiscal year 2026, ≈ 1.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 5, 2026