Question 1

What is Cintas's P/FCF ratio?

Accepted Answer

Cintas (CTAS) P/FCF ratio is 43.3× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. 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 P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for Cintas?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For Cintas specifically, the relevant sector benchmark is the current sector median of 24.3×.

Question 5

Is Cintas's P/FCF ratio high or low?

Accepted Answer

Cintas's P/FCF ratio of 43.3× is above its own 5-year average of 40.4× and above the sector median of 24.3×. That places the current reading at the 55th 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 P/FCF ratio range?

Accepted Answer

In the available daily series, Cintas (CTAS) P/FCF ratio has ranged from a low of 7.6× in 2010 to a high of 65.0× in 2016. The 5-year average is 40.4× and the 5-year median is 40.9×.

Question 7

What was Cintas's P/FCF ratio in 2026?

Accepted Answer

Cintas (CTAS) P/FCF ratio at the end of 2026 was 36.8×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does Cintas's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). 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	$1.88B	36.8×	-15.2×	May 31, 2026
2025	$91.4B	$1.76B	52.0×	+10.8×	May 31, 2025
2024	$68.8B	$1.67B	41.2×	+3.3×	May 31, 2024
2023	$48.1B	$1.27B	37.9×	+6.5×	May 31, 2023
2022	$40.8B	$1.3B	31.4×	+1.0×	May 31, 2022
2021	$37.1B	$1.22B	30.5×	+6.0×	May 31, 2021
2020	$26B	$1.06B	24.5×	-4.9×	May 31, 2020
2019	$23.3B	$791M	29.4×	+1.3×	May 31, 2019
2018	$19.5B	$692M	28.1×	+1.1×	May 31, 2018
2017	$13.3B	$491M	27.0×	-25.8×	May 31, 2017
2016	$10.1B	$190M	52.8×	+25.8×	May 31, 2016
2015	$9.82B	$363M	27.1×	+11.0×	May 31, 2015
2014	$7.43B	$462M	16.1×	+0.4×	May 31, 2014
2013	$5.59B	$356M	15.7×	+0.6×	May 31, 2013
2012	$4.65B	$309M	15.0×	-12.2×	May 31, 2012
2011	$4.31B	$158M	27.2×	+18.7×	May 31, 2011
2010	$3.86B	$450M	8.6×	-1.3×	May 31, 2010
2009	$3.59B	$363M	9.9×	-2.9×	May 31, 2009
2008	$4.52B	$354M	12.8×	-9.8×	May 31, 2008
2007	$6.07B	$269M	22.6×	+0.4×	May 31, 2007
2006	$6.79B	$305M	22.2×	-2.7×	May 31, 2006
2005	$6.83B	$273M	25.0×	+5.2×	May 31, 2005
2004	$7.83B	$397M	19.7×	-9.7×	May 31, 2004
2003	$6.34B	$216M	29.4×	-3.2×	May 31, 2003
2002	$8.8B	$270M	32.6×	—	May 31, 2002


Thomson Reuters (TRI)	18.8×
PACCAR (PCAR)	18.6×
United Parcel Service (UPS)	18.5×
Gorman-Rupp (GRC)	18.5×
Alamo Group (ALG)	18.0×
Allegion (ALLE)	17.8×
Snap-on (SNA)	17.6×
United Airlines Holdings (UAL)	17.5×
Honeywell International (HON)	17.4×
Equifax (EFX)	17.0×
Norfolk Southern (NSC)	16.9×
FedEx (FDX)	15.9×
AGCO (AGCO)	15.4×
General Dynamics (GD)	15.3×
Carlisle Companies (CSL)	14.7×
Amentum Holdings (AMTM)	14.7×
Stanley Black & Decker (SWK)	14.4×
A. O. Smith (AOS)	14.2×
Huntington Ingalls Industries (HII)	14.1×
McGrath RentCorp (MGRC)	13.9×
Masco (MAS)	13.0×
Pool (POOL)	12.2×
Delta Air Lines (DAL)	10.1×
ABM Industries (ABM)	7.2×
Upwork (UPWK)	6.3×

P/FCF Ratio for Cintas (CTAS) 2002-2026

P/FCF Ratio daily chart for Cintas (CTAS)

Historical P/FCF Ratio for Cintas (CTAS) from 2002 to 2026

About P/FCF Ratio at Cintas (CTAS)

Cintas P/FCF Ratio by Year

Cintas P/FCF Ratio 2026: 36.8×

Cintas P/FCF Ratio 2025: 52.0×

Cintas P/FCF Ratio 2024: 41.2×

Cintas P/FCF Ratio 2023: 37.9×

Cintas P/FCF Ratio 2022: 31.4×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Cintas (CTAS) Key Financials