Question 1

What is Cintas's EV/EBITDA ratio?

Accepted Answer

Cintas (CTAS) EV/EBITDA ratio is 28.0× as of July 22, 2026. The ratio is calculated by dividing enterprise value by trailing twelve-month EBITDA, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the EV/EBITDA ratio calculated?

Accepted Answer

EV/EBITDA = Enterprise Value ÷ Trailing Twelve-Month (TTM) EBITDA, where Enterprise Value = Market Capitalisation + Total Debt − Cash & Short-Term Investments. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the EV/EBITDA ratio?

Accepted Answer

The EV/EBITDA ratio (the enterprise multiple) compares enterprise value (EV) to trailing twelve-month (TTM) EBITDA. EV is calculated as market capitalisation + total debt − cash & short-term investments. Because EV/EBITDA is capital-structure-neutral and ignores non-cash depreciation and amortisation, it is the standard multiple used in M&A and for cross-company or cross-border comparisons. Note: this calculation uses a simplified EV (minority interest and preferred equity excluded due to data availability), consistent with most public financial-data providers.

Question 4

What is a good EV/EBITDA ratio for Cintas?

Accepted Answer

Mature, cash-generative businesses commonly trade in the 8–12× EV/EBITDA range; higher-growth, asset-light companies often trade at 15–25×+. EV/EBITDA is most useful for comparing companies with different capital structures (debt levels) or tax regimes. For Cintas specifically, the relevant sector benchmark is the current sector median of 15.9×.

Question 5

Is Cintas's EV/EBITDA ratio high or low?

Accepted Answer

Cintas's EV/EBITDA ratio of 28.0× is above its own 5-year average of 26.2× and above the sector median of 15.9×. That places the current reading at the 65th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Cintas's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Cintas (CTAS) EV/EBITDA ratio has ranged from a low of 5.3× in 2009 to a high of 36.9× in 2024. The 5-year average is 26.2× and the 5-year median is 25.1×.

Question 7

What was Cintas's EV/EBITDA ratio in 2026?

Accepted Answer

Cintas (CTAS) EV/EBITDA ratio at the end of 2026 was 23.9×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month EBITDA figure available at that date.

Question 8

Why does Cintas's EV/EBITDA ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (enterprise value, which tracks share price plus net debt) and the denominator (EBITDA). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2026	$69.2B	$2.99B	23.9×	-8.5×	May 31, 2026
2025	$91.4B	$2.89B	32.5×	+4.3×	May 31, 2025
2024	$68.8B	$2.52B	28.2×	+5.3×	May 31, 2024
2023	$48.1B	$2.21B	22.9×	+0.9×	May 31, 2023
2022	$40.8B	$1.99B	22.0×	-0.2×	May 31, 2022
2021	$37.1B	$1.77B	22.2×	+3.6×	May 31, 2021
2020	$26B	$1.54B	18.6×	+1.9×	May 31, 2020
2019	$23.3B	$1.56B	16.7×	-1.1×	May 31, 2019
2018	$19.5B	$1.23B	17.8×	+2.3×	May 31, 2018
2017	$13.3B	$1.05B	15.5×	+3.7×	May 31, 2017
2016	$10.1B	$948M	11.8×	-0.5×	May 31, 2016
2015	$9.82B	$874M	12.2×	+2.7×	May 31, 2015
2014	$7.43B	$863M	9.5×	-2.0×	May 31, 2014
2013	$5.59B	$566M	11.6×	+1.2×	May 31, 2013
2012	$4.65B	$542M	10.3×	-1.1×	May 31, 2012
2011	$4.31B	$442M	11.5×	+1.1×	May 31, 2011
2010	$3.86B	$393M	10.4×	+3.7×	May 31, 2010
2009	$3.59B	$614M	6.7×	-0.1×	May 31, 2009
2008	$4.52B	$769M	6.9×	-2.2×	May 31, 2008
2007	$6.07B	$753M	9.0×	-1.4×	May 31, 2007
2006	$6.79B	$707M	10.4×	-0.5×	May 31, 2006
2005	$6.83B	$643M	10.9×	-2.5×	May 31, 2005
2004	$7.83B	$602M	13.4×	+1.3×	May 31, 2004
2003	$6.34B	$567M	12.1×	-6.9×	May 31, 2003
2002	$8.8B	$497M	19.0×	—	May 31, 2002


Republic Services (RSG)	13.2×
Honeywell International (HON)	13.2×
Stanley Black & Decker (SWK)	13.2×
Copart (CPRT)	13.0×
Carlisle Companies (CSL)	12.8×
Equifax (EFX)	12.7×
Snap-on (SNA)	12.4×
Northrop Grumman (NOC)	12.2×
A. O. Smith (AOS)	12.1×
Brady (BRC)	12.1×
Canadian National Railway (CNI)	12.0×
Textron (TXT)	10.7×
Masco (MAS)	10.6×
Amentum Holdings (AMTM)	10.5×
FedEx (FDX)	10.5×
Andersons (ANDE)	10.2×
ABM Industries (ABM)	10.0×
McGrath RentCorp (MGRC)	9.3×
United Parcel Service (UPS)	9.1×
Delta Air Lines (DAL)	9.1×
Alamo Group (ALG)	8.4×
AGCO (AGCO)	7.7×
United Airlines Holdings (UAL)	7.3×
Matthews International (MATW)	7.0×
Upwork (UPWK)	6.9×

EV/EBITDA for Cintas (CTAS) 2002-2026

EV/EBITDA daily chart for Cintas (CTAS)

Historical EV/EBITDA for Cintas (CTAS) from 2002 to 2026

About EV/EBITDA at Cintas (CTAS)

Cintas EV/EBITDA by Year

Cintas EV/EBITDA 2026: 23.9×

Cintas EV/EBITDA 2025: 32.5×

Cintas EV/EBITDA 2024: 28.2×

Cintas EV/EBITDA 2023: 22.9×

Cintas EV/EBITDA 2022: 22.0×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Cintas (CTAS) Key Financials