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Cintas Corp (NAS:CTAS)
Shiller P/E Ratio
39.41 (As of Today)

As of today, Cintas Corp's current share price is $108.38. Cintas Corp's E10 for the quarter that ended in Feb. 2016 was $2.75. Cintas Corp's Shiller P/E Ratio for today is 39.41.

CTAS' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 10.37   Max: 39.29
Current: 39.35

10.37
39.29

During the past 13 years, Cintas Corp's highest Shiller P/E Ratio was 39.29. The lowest was 10.37. And the median was 20.82.

CTAS's Shiller P/E Ratio is ranked lower than
68% of the 154 Companies
in the Global Business Services industry.

( Industry Median: 26.92 vs. CTAS: 39.35 )

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Cintas Corp's adjusted earnings per share data for the three months ended in Feb. 2016 was $1.050. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.75 for the trailing ten years ended in Feb. 2016.


Definition

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Cintas Corp's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=108.38/2.75
=39.41

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Cintas Corp's E10 for the fiscal year that ended in May15 is calculated as:

For example, Cintas Corp's adjusted earnings per share data for the three months ended in Feb. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Feb. 2016 (Change)*Current CPI (Feb. 2016)
=1.05/237.111*237.111
=1.050

Current CPI (Feb. 2016) = 237.111.

Cintas Corp Quarterly Data

201402201405201408201411201502201505201508201511201602201605
per share eps 0.6901.0300.9301.0000.8000.9000.8803.0601.0501.200
CPI 234.781237.900237.852236.151234.722237.805238.316237.336237.111240.236
Adj_EPS 0.6971.0270.9271.0040.8080.8970.8763.0571.0501.184
201108201111201202201205201208201211201302201305201308201311
per share eps 0.5200.5700.5800.6000.6000.6300.6000.6900.6300.700
CPI 226.545226.230227.663229.815230.379230.221232.166232.945233.877233.069
Adj_EPS 0.5440.5970.6040.6190.6180.6490.6130.7020.6390.712
200902200905200908200911201002201005201008201011201102201105
per share eps 0.4700.0300.3500.3700.3200.3600.4000.3800.4100.490
CPI 212.193213.856215.834216.330216.741218.178218.312218.803221.309225.964
Adj_EPS 0.5250.0330.3850.4060.3500.3910.4340.4120.4390.514
200608200611200702200705200708200711200802200805200808200811
per share eps 0.5300.5100.4800.5700.5100.5300.5300.5800.5100.470
CPI 203.900201.500203.499207.949207.917210.177211.693216.632219.086212.425
Adj_EPS 0.6160.6000.5590.6500.5820.5980.5940.6350.5520.525

Add all the adjusted EPS together and divide 10 will get our E10.


Explanation

Compared with the regular P/E ratio, which works poorly for cyclical businesses, the Shiller P/E smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller P/E should give similar results to regular P/E.

Compared with the P/S ratio, the Shiller P/E makes the comparison between different industries more meaningful.


Be Aware

The Shiller P/E assumes that over the long term, businesses and profitability revert to their means. If a company’s business model does not work in the future compared with the past, the Shiller P/E and P/S ratio will give false valuations.


Related Terms

P/E Ratio, P/B Ratio, P/S Ratio, Price-to-Free-Cash-Flow ratio, E10


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Cintas Corp Annual Data

May07May08May09May10May11May12May13May14May15May16
ShillerPE 24.0516.6113.0314.2117.4318.6921.9427.8136.030.00

Cintas Corp Quarterly Data

Feb14May14Aug14Nov14Feb15May15Aug15Nov15Feb16May16
ShillerPE 28.3927.8129.0831.8236.2036.0335.1034.5830.520.00
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