---
title: Cintas (CTAS) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/ctas
ticker: CTAS
as_of: 2026-10-17
sector: Industrials
industry: Specialty Business Services
---
# Cintas (CTAS)

Cintas (CTAS) closed at $213.69 on Oct 16, 2026, overvalued by 108% vs its model value of $102.53 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $213.69 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $102.53 |
| Price vs model | overvalued by 108% vs model |
| Range of that model | $68.80 – $206.46 |
| Market value | $84.9B |
| P/E (fiscal 2026) | 43.5 |
| Net margin (fiscal 2026) | 17.8% |
| Free cash flow (fiscal 2026) | $1.9B |
| Dividend yield (trailing twelve months) | 0.88% |
| Beta | 0.92 |
| Cost of capital (WACC) | 8.86% |
| Business classification | Mature & Stable (Low/slowing growth (~8% recent), Moderate margins (18% net margin), Highly cyclical earnings) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Near 52-week highs | #38 | −1.3% | https://sweetvaluelab.com/lists/near-52-week-highs |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 0.88% |
| Dividends per share, last 12 months | $1.87 |
| Dividends / free cash flow (fiscal 2026) | 37.3% |
| Raised | 4 years in a row |
| Growth over 5 years | 4.6% a year |
| Latest payment | $0.52, ex-date Aug 14, 2026, paid Sep 15, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Aug 12, 2021 | $1.49 |
| To Aug 12, 2022 | $1.00 |
| To Aug 14, 2023 | $1.20 |
| To Aug 15, 2024 | $1.40 |
| To Aug 15, 2025 | $1.62 |
| Trailing twelve months (to Aug 14, 2026) | $1.87 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $102.53 | $68.80 | $206.46 |
| DCF · Perpetuity growth · 10y | cross check | $112.81 | $77.40 | $220.08 |
| DCF · EBITDA exit · 5y | cross check | $78.70 | $46.36 | $117.00 |
| DCF · EBITDA exit · 10y | cross check | $92.36 | $59.90 | $136.24 |
| P/E · peers | cross check | $89.12 | $73.13 | $154.86 |
| P/E · own history | cross check | $219.06 | $199.49 | $255.52 |
| PEG | sanity check | $76.43 | $76.43 | $76.43 |
| EV/EBITDA · peers | cross check | $57.56 | $51.40 | $89.28 |
| EV/Revenue · peers | cross check | $18.19 | $10.15 | $30.84 |
| Earnings power value | cross check | $0.00 | $0.00 | $0.00 |
| Dividend discount | cross check | $42.02 | $28.79 | $69.30 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 1 open-market sale ($872,163.7); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Sep 15, 2026 | TYSOE RONALD W | Director | Grant / award | 101.52 | $20,197.4 |
| Sep 15, 2026 | Coletti Robert E. | Director | Grant / award | 29.71 | $5,910.8 |
| Sep 15, 2026 | CARNAHAN KAREN L | Director | Grant / award | 17.82 | $3,545.3 |
| Sep 15, 2026 | Barstad Melanie W. | Director | Grant / award | 12.37 | $2,461 |
| Aug 10, 2026 | Rozakis Jim | President & COO | Tax withholding | 4,041 | $819,151.1 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Oct 7, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/723254/000072325426000047/ctas-20260831.htm |
| Oct 6, 2026 | 8-K | 8.01 Other Events | https://www.sec.gov/Archives/edgar/data/723254/000095010326015293/dp254677_8k.htm |
| Sep 23, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/723254/000072325426000044/ctas-20260923.htm |
| Sep 15, 2026 | ARS | Annual report to shareholders | https://www.sec.gov/Archives/edgar/data/723254/000072325426000042/cintascorporation_arsprint.pdf |
| Sep 15, 2026 | DEFA14A | Additional proxy materials | https://www.sec.gov/Archives/edgar/data/723254/000072325426000041/fy26proxynotice.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Jensen | 2026-06-30 | 333,630 | $56.7M |
| Bridgewater | 2026-06-30 | 32,363 | $5.5M |
| Mairs & Power | 2026-06-30 | 27,262 | $4.6M |
| Dodge & Cox | 2026-06-30 | 1,800 | $306,144 |

4 tracked managers in all.

## About

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 a…

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Source: https://sweetvaluelab.com/stocks/ctas (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.