Common Stock Valuation Ratios (Price Multiples)
Quarterly Data
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).
Paying user area
Try for free
Cintas Corp. pages available for free this week:
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Cintas Corp. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Historical Valuation Ratios (Summary)
Cintas Corp., historical price multiples (quarterly data)
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).
- Price to Earnings (P/E) Ratio
- The Price to Earnings ratio exhibits significant fluctuations from August 2018 through November 2024. After data becomes available starting August 2019, the ratio initially decreases from 30.3 to 18.82 by May 2020, coinciding with a market downturn period. Subsequently, there is a notable increase peaking around 38.39 in November 2020 and maintaining a relatively high level through early 2022. The ratio slightly declines in mid-2022 but then resumes an upward trend, reaching a maximum of 50.44 in November 2024 before a slight drop to 45.4 in the same period. This pattern suggests variable investor sentiment and earnings performance over time, with periods of optimism reflected in elevated P/E ratios.
- Price to Operating Profit (P/OP) Ratio
- The Price to Operating Profit ratio follows a similar pattern to the P/E ratio, starting from August 2019 with a low point of 14.2 in May 2020. Post-May 2020, it shows a marked recovery, increasing steadily to levels around 30 and higher by late 2021. After a decline in late 2022, the ratio rises again to reach its peak at 38.81 in November 2024, before tapering off slightly. The fluctuations indicate variability in operating profitability relative to market valuation, with investor expectations possibly adjusting in response to changes in operating performance and broader market conditions.
- Price to Sales (P/S) Ratio
- The Price to Sales ratio evidences a pronounced upward trajectory starting from August 2019, increasing from 3.89 to a peak of 5.31 by November 2020. Beyond that point, the ratio steadily grows, reaching as high as 8.47 in November 2024 before retreating mildly to 7.82. The consistent rise reflects growing market valuation relative to sales, potentially driven by factors such as enhanced revenue growth prospects or changes in market sentiment favoring sales-based valuation measures.
- Price to Book Value (P/BV) Ratio
- The Price to Book Value ratio shows early volatility with data available since August 2018, starting at 6.26 and increasing to 8.93 by May 2019. A sharp drop to 5.42 in February 2020 is followed by a rapid and sustained increase, peaking significantly at 20.55 in November 2024. Fluctuations between 10 and 16 characterize the intervening periods, with the overall trend displaying strong growth. This escalation suggests heightened investor valuation relative to the company's book equity, possibly indicative of improved growth expectations, intangible asset recognition, or shifts in market risk perception.
Price to Earnings (P/E)
Cintas Corp., historical P/E calculation (quarterly data)
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
= ( + + + )
÷ =
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
= ÷ =
The share price exhibited notable volatility over the observed period, beginning near $49 in August 2018 and declining to a low point of approximately $43 by February 2020. Subsequently, a strong upward trend emerged, with the price reaching a peak around $188 by November 2024, despite some fluctuations in mid-2022 and a slight decline in late 2024. This pattern suggests significant market confidence and possibly improving underlying business fundamentals or positive investor sentiment over the longer term.
Earnings per share (EPS) data, available from February 2019 onward, show a generally consistent upward trajectory. Starting at $2.16, EPS gradually increased each quarter, reaching $4.24 by November 2024. This steady increase in earnings indicates sustained profitability growth and effective operational performance. The consistent EPS gains appear to support the rising share price observed in the latter periods.
The price-to-earnings (P/E) ratio displayed fluctuations throughout the timeline. Initial figures indicated P/E values around 30, with a significant dip to 18.82 in May 2020, coinciding with the share price's volatility and possibly the market's reaction to broader economic factors. Following this dip, the P/E ratio climbed again, reaching higher values above 45 by late 2024, which may reflect increased investor willingness to pay for earnings growth or expectations of continued future improvements. The rising P/E alongside increasing EPS suggests growing market optimism but also indicates the stock price may be appreciating at a faster rate than earnings growth alone.
Overall, the data reveal a company experiencing steady growth in earnings alongside a strongly appreciating share price. The P/E ratio's variability points to changing investor expectations, with recent higher valuations potentially signifying confidence in the company's ongoing prospects. However, the elevated P/E levels toward the end of the period warrant consideration regarding valuation sustainability.
- Share Price
- Initial decline from $49 to $43 by early 2020, followed by a strong uptrend to $188 by late 2024.
- Some mid-period fluctuations but overall growth trend dominates.
- Earnings per Share (EPS)
- Consistent quarterly growth from $2.16 in early 2019 to $4.24 by late 2024.
- Indicates sustained profitability improvements.
- Price-to-Earnings (P/E) Ratio
- Fluctuated between 18.82 and 50.44, with a low point in mid-2020 aligning with share price volatility.
- Increased P/E in later years suggests rising investor expectations despite steady EPS growth.
Price to Operating Profit (P/OP)
Cintas Corp., historical P/OP calculation (quarterly data)
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
= ( + + + )
÷ =
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
= ÷ =
The financial data reveals several noteworthy trends over the analyzed periods. The share price experienced fluctuations with a general upward trajectory from August 2018 through November 2024. Initial values hovered around the mid-40s to mid-60s US dollars until early 2020, followed by periods of significant growth, peaking past 180 US dollars in late 2023 and mid-2024. Temporary declines appeared around early 2020 and mid-2024, indicating some market volatility or external impacts during those intervals.
Operating profit per share (OPPS) showed a consistent upward trend from its first reported value in May 2019. Starting at approximately 2.77 US dollars, this metric rose steadily, reaching 5.5 US dollars by November 2024, nearly doubling over this timeframe. This gradual improvement suggests enhanced operational efficiency or revenue growth contributing to increased profitability on a per-share basis.
The Price to Operating Profit (P/OP) ratio presented a varied pattern. Initially, when available from May 2019, the ratio hovered in the low-to-mid 20s, then dropped sharply to 14.2 in May 2020, which could be linked to the operating profit sustaining while the share price adjusted. Subsequently, the ratio increased steadily, reaching peak values above 38 by mid-2024 before slightly retreating. This increasing P/OP ratio indicates rising investor expectations or premium valuation multiples relative to operating profits, which may reflect market optimism or favorable growth prospects priced into the stock.
- Share Price
- Displayed an overall growth trend with intermittent volatility, with a significant rally from early 2020 onward, peaking in late 2023 and 2024.
- Operating Profit Per Share
- Exhibited consistent growth, approximately doubling over the five-year span, reflecting increasingly efficient operations or revenue enhancement.
- Price to Operating Profit Ratio
- Varied significantly, starting in the low 20s, briefly dipping in mid-2020, then climbing to elevated levels beyond 30 in 2023-2024, suggesting heightened market valuation relative to underlying earnings.
Overall, the data indicate that despite some market fluctuations, the company has demonstrated strong operational performance improvements, as evidenced by the steady rise in operating profit per share. Meanwhile, the increasing P/OP ratio suggests a market environment that values the company's earnings at a progressively higher premium, possibly driven by growth expectations and market sentiment. However, the volatility in both share price and valuation multiples around early 2020 and mid-2024 warrants attention for potential external or company-specific challenges during those times.
Price to Sales (P/S)
Cintas Corp., historical P/S calculation (quarterly data)
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
= ( + + + )
÷ =
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
= ÷ =
The financial data indicates a fluctuating yet generally upward trajectory in the share price over the analyzed period. Initially, the share price experienced some volatility, including a notable decline around early 2020, followed by a significant recovery and subsequent growth that reached its peak towards late 2023 and early 2024. This reflects possible market responsiveness to broader economic conditions or company-specific developments during that time.
Sales per share exhibit a consistent incremental trend from May 2019 onwards, with values rising steadily from 16.81 US dollars to 24.63 US dollars by November 2024. This steady growth suggests an expanding revenue base or increased operational efficiency translating into higher earnings allocated per share.
The price-to-sales (P/S) ratio demonstrates some volatility corresponding with share price and sales per share variations. Early values indicate moderate multiples, which then sharply decline in May 2020, coinciding with the share price drop. Following this, the P/S ratio climbs steadily, reaching a peak around early 2024 before showing a slight dip in the latest period. Such trends imply changing investor sentiment, valuation adjustments, or shifts in revenue expectations relative to share price movements.
In summary, the data portrays a company that, despite experiencing some market-driven valuation fluctuations, has shown robust and consistent growth in sales per share, contributing to a generally positive outlook as reflected in the rising share price and accompanying valuation metrics over the long term.
Price to Book Value (P/BV)
Cintas Corp., historical P/BV calculation (quarterly data)
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
= ÷ =
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
= ÷ =
The financial data reveals distinct trends in the share price, book value per share (BVPS), and price-to-book value (P/BV) ratio over the period analyzed.
- Share Price
- The share price demonstrates a generally upward trajectory from August 2018 to November 2024, with some notable fluctuations. Initially, the price rose moderately from $48.98 to over $69 by November 2019 before experiencing a sharp decline to $43.31 in February 2020. This drop was followed by a strong rebound, reaching a peak of $188.71 by February 2024. Despite some volatility, including a slight dip noted in the last recorded period ($192.65 in November 2024), the overall trend reflects significant appreciation in market value, indicating growing investor confidence or positive market sentiment towards the company.
- Book Value Per Share (BVPS)
- BVPS shows a relatively stable but gradually increasing pattern over the period. Starting from $7.83 in August 2018, it fluctuated mildly around the $7.2 to $8.6 range until early 2021, after which it showed moderate growth, reaching up to $10.71 in November 2024. There are intermittent declines and slight recoveries, but the trend suggests incremental growth in the company's net asset value per share, reflecting consistent accumulation of equity or retained earnings.
- Price-to-Book Value (P/BV) Ratio
- The P/BV ratio exhibits significant volatility and an overall upward trend, indicating that the share price is increasing at a faster rate than the underlying book value. Starting at 6.26 in August 2018, it peaked at 9.33 by November 2019, then sharply declined to 5.42 in February 2020. This was followed by a steady rise, surpassing previous highs and reaching an exceptionally high ratio of 20.55 in August 2024. Although it slightly decreased to 18.11 by November 2024, the elevated ratio indicates that the market valuation is increasingly outpacing the book value, which may reflect strong growth expectations, intangible asset valuation, or market optimism that is not directly tied to tangible equity.
In summary, the data indicates substantial growth in market capitalization as evidenced by the rising share price and P/BV ratio, alongside a stable and moderate increase in book value per share. The significant fluctuations, especially the sharp price drop and BVPS dip around early 2020, likely correspond to external market conditions or company-specific challenges. The overall increasing P/BV ratio signals heightened market valuation relative to book equity, which should be examined in the context of earnings performance and broader market factors for a comprehensive evaluation.