GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Cintas Corp (FRA:CIT) » Definitions » Cyclically Adjusted PS Ratio

Cintas (FRA:CIT) Cyclically Adjusted PS Ratio : 9.53 (As of May. 21, 2024)


View and export this data going back to . Start your Free Trial

What is Cintas Cyclically Adjusted PS Ratio?

As of today (2024-05-21), Cintas's current share price is €640.20. Cintas's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 was €67.16. Cintas's Cyclically Adjusted PS Ratio for today is 9.53.

The historical rank and industry rank for Cintas's Cyclically Adjusted PS Ratio or its related term are showing as below:

FRA:CIT' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.7   Med: 4.77   Max: 9.64
Current: 9.61

During the past years, Cintas's highest Cyclically Adjusted PS Ratio was 9.64. The lowest was 1.70. And the median was 4.77.

FRA:CIT's Cyclically Adjusted PS Ratio is ranked worse than
95.38% of 692 companies
in the Business Services industry
Industry Median: 0.88 vs FRA:CIT: 9.61

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Cintas's adjusted revenue per share data for the three months ended in Feb. 2024 was €21.616. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €67.16 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cintas Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Cintas's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cintas Cyclically Adjusted PS Ratio Chart

Cintas Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.13 5.26 6.66 6.50 6.95

Cintas Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.63 6.95 7.24 7.82 8.66

Competitive Comparison of Cintas's Cyclically Adjusted PS Ratio

For the Specialty Business Services subindustry, Cintas's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cintas's Cyclically Adjusted PS Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Cintas's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Cintas's Cyclically Adjusted PS Ratio falls into.



Cintas Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Cintas's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=640.20/67.16
=9.53

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Cintas's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 is calculated as:

For example, Cintas's adjusted Revenue per Share data for the three months ended in Feb. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=21.616/130.9299*130.9299
=21.616

Current CPI (Feb. 2024) = 130.9299.

Cintas Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201405 5.161 100.373 6.732
201408 7.012 100.352 9.149
201411 7.593 99.635 9.978
201502 8.288 99.032 10.958
201505 8.021 100.333 10.467
201508 9.593 100.548 12.492
201511 10.318 100.135 13.491
201602 10.021 100.040 13.115
201605 9.510 101.355 12.285
201608 10.548 101.617 13.591
201611 10.946 101.829 14.074
201702 10.926 102.779 13.919
201705 12.751 103.256 16.169
201708 12.576 103.587 15.896
201711 12.463 104.072 15.679
201802 11.683 105.052 14.561
201805 12.670 106.148 15.628
201808 13.289 106.383 16.355
201811 13.762 106.338 16.945
201902 13.703 106.649 16.823
201905 14.681 108.048 17.790
201908 15.205 108.245 18.392
201911 15.546 108.519 18.757
202002 15.433 109.139 18.514
202005 13.983 108.175 16.924
202008 13.776 109.662 16.448
202011 13.766 109.793 16.416
202102 13.608 110.968 16.056
202105 14.022 113.576 16.164
202108 15.219 115.421 17.264
202111 15.868 117.269 17.716
202202 16.350 119.703 17.883
202205 18.799 123.323 19.959
202208 20.692 124.958 21.681
202211 20.643 125.607 21.518
202302 19.778 126.928 20.402
202305 20.322 128.314 20.736
202308 20.738 129.538 20.961
202311 21.270 129.548 21.497
202402 21.616 130.930 21.616

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Cintas  (FRA:CIT) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Cintas Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Cintas's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Cintas (FRA:CIT) Business Description

Industry
Traded in Other Exchanges
Address
6800 Cintas Boulevard, P.O. Box 625737, Cincinnati, OH, USA, 45262-5737
Cintas is positioned as a one-stop shop that rents/sells uniforms and ancillary products and services, such as mops, first aid kits, and fire inspections. In its core uniform and facility services unit (a majority of sales), Cintas provides uniform rental programs for items including office attire, custom-tailored apparel, flame-resistant clothing, lab coats, and other profession-specific clothing. Facilities products generally include the rental and sale of entrance mats, mops, shop towels, hand sanitizers, and restroom supplies. Cintas' remaining businesses include first aid and safety services, fire protection services, and uniform direct sales.

Cintas (FRA:CIT) Headlines

From GuruFocus

Top 5 1st Quarter Trades of Michael Price

By GuruFocus Research GuruFocus Editor 05-16-2022

CIT Launches One Million Meals Campaign to Fight Hunger

By PRNewswire PRNewswire 11-01-2021

CIT Announces Third Quarter Financial Results

By PRNewswire PRNewswire 10-26-2021

First Citizens Completes Merger With CIT Group

By PRNewswire PRNewswire 01-04-2022

First Citizens, CIT Extend Merger Agreement

By PRNewswire PRNewswire 09-30-2021

CIT Declares Dividends

By PRNewswire PRNewswire 10-18-2021

TradeLink Capital LLC Buys 4, Sells 1 in 1st Quarter

By GuruFocus Research GuruFocus Editor 05-31-2022