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Cintas Corporation — Intrinsic Value & Fair Price

CTAS
NASDAQIndustrialsSpecialty Business ServicesCIK 0000723254cintas.comAbout CTAS
Last close · Oct 16, 2026213.69+0.63 (+0.30%)
Market cap$84.9B
Model value · DCF · Perpetuity growth · 5y
102.53
Cintas closed at $213.69 — overvalued by 108% vs model.
68.80the model's range206.46

DCF · Perpetuity growth · 5y leads for mature & stable — positive operating income and three years of positive free cash flow. From a five-year discounted cash flow.

Other models
18.19 – 219.06
Wall St. target
230.00 7% below
Above model, 1y
20 of 20 days

Price and model value

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What the marks mean
Daily close

Dividends

Quarterly · as of Oct 16, 2026
Yield, trailing 12 months
0.88%
Past 2 years
low 0.62%high 1.07%
Dividends per share, a year at a time
$1.49Aug ’21$1.00Aug ’22$1.20Aug ’23$1.40Aug ’24$1.62Aug ’25$1.87TTM
Dividends / free cash flow, FY2026
37.3%
Raised
4 years in a row
Growth, 5 yrs
4.6% a year
Last change
+15.6% · Aug 2026
Every payment, with ex-dates · latest $0.52, paid Sep 15, 2026

Research on CTAS

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How it is valued

Valued asMature & Stable
Low/slowing growth (~8% recent)Moderate margins (18% net margin)Highly cyclical earnings
What growth the price implies: the reverse DCF

Key figures

FY2026
P/E
43.5×
EV / EBITDA
27.8×
FCF yield
2.2%
Dividend yield, TTM
0.88%
Beta
0.92
Cost of capital (WACC)
8.86%
Full financials

Analyst actions

third-party, quoted
09-29Argus Research · target240.00
09-24Robert W. Baird · target222.00
07-16B of A Securities · “Buy” from “Neutral”upgrade
07-16UBS · target230.00
Ratings, targets and estimates

Comparable companies

by business, not by industry label
3 more companies list CTAS as a comparable

The weekly

One email a week across every stock we cover: 13F filings, insider trades, earnings and new research. It covers the whole market, not just CTAS. No account.

About Cintas

Cintas Corporation specializes in supplying professional uniforms and a range of essential business services primarily across the United States, Canada, and Latin America. The company's operations are divided into three main divisions: Uniform Rental and Facility Services, First Aid and Safety Services, and an 'All Other' segment. Within its Uniform Rental and Facility Services division, Cintas offers rental and maintenance for various workwear, including flame-resistant apparel, alongside floor mats, mops, and industrial towels. This segment also manages restroom sanitation solutions, providing both cleaning services and supplies, and directly sells new uniforms. Additionally, its First Aid and Safety Services segment delivers comprehensive first aid programs, safety solutions, and fire suppression products and services. Cintas reaches its diverse clientele, ranging from small service and manufacturing businesses to large corporate entities, through an extensive distribution network, dedicated local delivery routes, and direct representatives. Established in 1968, Cintas Corporation maintains its headquarters in Cincinnati, Ohio.

CEO
Todd Schneider
Headquarters
Cincinnati, OH
Employees
48,100
IPO
1983-08-19
Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.