Question 1

What is Cintas's P/B ratio?

Accepted Answer

Cintas (CTAS) P/B ratio is 15.3× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. 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/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for Cintas?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Cintas specifically, the relevant sector benchmark is the current sector median of 5.0×.

Question 5

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

Accepted Answer

Cintas's P/B ratio of 15.3× is above its own 5-year average of 14.9× and above the sector median of 5.0×. 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/B ratio range?

Accepted Answer

In the available daily series, Cintas (CTAS) P/B ratio has ranged from a low of 1.3× in 2009 to a high of 23.1× in 2024. The 5-year average is 14.9× and the 5-year median is 13.9×.

Question 7

What was Cintas's P/B ratio in 2025?

Accepted Answer

Cintas (CTAS) P/B ratio at the end of 2025 was 19.5×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). 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.


2025	$91.37B	$4.68B	19.5×	+3.6×	May 31, 2025
2024	$68.84B	$4.32B	15.9×	+3.5×	May 31, 2024
2023	$48.06B	$3.86B	12.4×	+0.1×	May 31, 2023
2022	$40.78B	$3.31B	12.3×	+2.3×	May 31, 2022
2021	$37.12B	$3.69B	10.1×	+2.0×	May 31, 2021
2020	$26.04B	$3.24B	8.0×	+0.3×	May 31, 2020
2019	$23.30B	$3.00B	7.8×	+1.3×	May 31, 2019
2018	$19.48B	$3.02B	6.5×	+0.7×	May 31, 2018
2017	$13.26B	$2.30B	5.8×	+0.3×	May 31, 2017
2016	$10.06B	$1.84B	5.5×	+0.4×	May 31, 2016
2015	$9.82B	$1.93B	5.1×	+1.7×	May 31, 2015
2014	$7.43B	$2.19B	3.4×	+0.8×	May 31, 2014
2013	$5.59B	$2.20B	2.5×	+0.4×	May 31, 2013
2012	$4.65B	$2.14B	2.2×	+0.3×	May 31, 2012
2011	$4.31B	$2.30B	1.9×	+0.3×	May 31, 2011
2010	$3.86B	$2.53B	1.5×	+0.0×	May 31, 2010
2009	$3.59B	$2.37B	1.5×	-0.5×	May 31, 2009
2008	$4.52B	$2.25B	2.0×	-0.8×	May 31, 2008
2007	$6.07B	$2.17B	2.8×	-0.5×	May 31, 2007
2006	$6.79B	$2.09B	3.3×	+0.0×	May 31, 2006
2005	$6.83B	$2.10B	3.2×	-0.9×	May 31, 2005
2004	$7.83B	$1.89B	4.1×	+0.3×	May 31, 2004
2003	$6.34B	$1.65B	3.9×	-2.3×	May 31, 2003
2002	$8.80B	$1.42B	6.2×	—	May 31, 2002


PACCAR (PCAR)	3.1×
Franklin Electric Co. (FELE)	3.0×
Huntington Ingalls Industries (HII)	2.9×
Brady (BRC)	2.9×
Fortive (FTV)	2.9×
Southwest Airlines (LUV)	2.7×
Xylem (XYL)	2.6×
FedEx (FDX)	2.5×
Axon Enterprise (TASR)	2.4×
Builders FirstSource (BLDR)	2.3×
McGrath RentCorp (MGRC)	2.2×
Tennant (TNC)	2.2×
Delta Air Lines (DAL)	2.1×
AGCO (AGCO)	2.0×
Textron (TXT)	1.9×
Archer Aviation (ACHR)	1.9×
United Airlines Holdings (UAL)	1.9×
Alamo Group (ALG)	1.7×
Matthews International (MATW)	1.6×
MDU Resources Group (MDU)	1.5×
Amentum Holdings (AMTM)	1.4×
ABM Industries (ABM)	1.4×
Stanley Black & Decker (SWK)	1.2×
Alaska Air Group (ALK)	1.1×
Versant Media Group, Inc. Class A (VSNT)	0.7×

P/B Ratio for Cintas (CTAS)

P/B Ratio daily chart for Cintas (CTAS)

Historical P/B Ratio for Cintas (CTAS) from 2002 to 2025

About P/B Ratio at Cintas (CTAS)

Cintas P/B Ratio by Year

Cintas P/B Ratio 2025: 19.5×

Cintas P/B Ratio 2024: 15.9×

Cintas P/B Ratio 2023: 12.4×

Cintas P/B Ratio 2022: 12.3×

Cintas P/B Ratio 2021: 10.1×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Cintas (CTAS) Key Financials

P/B Ratio daily chart for Cintas (CTAS)

Historical P/B Ratio for Cintas (CTAS) from 2002 to 2025

About P/B Ratio at Cintas (CTAS)

Cintas P/B Ratio by Year

Cintas P/B Ratio 2025: 19.5×

Cintas P/B Ratio 2024: 15.9×

Cintas P/B Ratio 2023: 12.4×

Cintas P/B Ratio 2022: 12.3×

Cintas P/B Ratio 2021: 10.1×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Cintas's P/B ratio?

+How is the P/B ratio calculated?

+What is the P/B ratio?

+What is a good P/B ratio for Cintas?

+Is Cintas's P/B ratio high or low?

+What is Cintas's historical P/B ratio range?

+What was Cintas's P/B ratio in 2025?

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

Cintas (CTAS) Key Financials