CINTAS CORP (CTAS)

Men's & Boys' Furnishgs, Work Clothg, & Allied Garments

Latest Price

$204.63

TTM P/E

43.26

Normalized P/E

20.32

Div Yield

0.85%

Book Value

11.92

P/B Ratio

17.16

Valuation metrics

EPS: $4.40

Book value / share: $11.63

Formula: √(22.5 × EPS × BVPS)

Graham Number

$33.93

83% downside

Norm. op. income: $1.6B (median of 7yr)

Tax rate: 20%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$26.18

87% downside

Base FCF: $1.3B (median of recent 5yr)

Growth: 11%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$77.98

62% downside

EPS: $4.40

Target P/E: 20×

Formula: EPS × P/E

P/E Fair Value

$88.00

57% downside

60.7% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	26.97M	$4.56B	6.74%	-1.96M	2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC	22.08M	$3.73B	5.52%	--	2026-03-31
STATE STREET CORP	15.38M	$2.60B	3.84%	+68.9K	2026-03-31
VANGUARD PORTFOLIO MANAGEMENT LLC	13.30M	$2.25B	3.32%	--	2026-03-31
GEODE CAPITAL MANAGEMENT, LLC	9.52M	$1.61B	2.38%	+225.5K	2026-03-31
FMR LLC	6.93M	$1.17B	1.73%	-425.5K	2026-03-31
PRICE T ROWE ASSOCIATES INC /MD/	5.74M	$971.0M	1.44%	+3.06M	2026-03-31
Invesco Ltd.	4.59M	$777.0M	1.15%	+394.4K	2026-03-31
FORT WASHINGTON INVESTMENT ADVISORS INC /OH/	4.25M	$719.0M	1.06%	--	2026-03-31
MORGAN STANLEY	4.23M	$716.0M	1.06%	-158.9K	2026-03-31