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Cintas Corp (NAS:CTAS)
EV/EBIT
14.82 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Cintas Corp's enterprise value is $8,460 Mil. Cintas Corp's operating income for the trailing twelve months (TTM) ended in May. 2014 was $567 Mil. Therefore, Cintas Corp's EV/EBIT ratio for today is 14.82.

CTAS' s 10-Year EV/EBIT Range
Min: 6.4   Max: 20.5
Current: 14.82

6.4
20.5

During the past 13 years, the highest EV/EBIT Ratio of Cintas Corp was 20.50. The lowest was 6.40. And the median was 12.20.

CTAS's EV/EBITis ranked higher than
72% of the 1174 Companies
in the Global Apparel Stores industry.

( Industry Median: 16.01 vs. CTAS: 14.82 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Cintas Corp's enterprise value for the quarter that ended in May. 2014 was $8,254 Mil. Cintas Corp's Operating Income for the trailing twelve months (TTM) ended in May. 2014 was $567 Mil. Cintas Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in May. 2014 was 6.87%.


Definition

Cintas Corp's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=8459.846/567.01
=14.92

Cintas Corp's current Enterprise Value is $8,460 Mil.
Cintas Corp's Operating Income for the trailing twelve months (TTM) ended in May. 2014 was 140.07 (Aug. 2013 ) + 152.972 (Nov. 2013 ) + 150.162 (Feb. 2014 ) + 123.806 (May. 2014 ) = $567 Mil.

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


Explanation

This is a more accurate valuation of companies' operation because it consider the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt).

Cintas Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in May. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: May. 2014 )=Operating Income (TTM)/Enterprise Value (Q: May. 2014 )
=567.01/8253.8948
=6.87 %

Cintas Corp's Enterprise Value for the quarter that ended in May. 2014 was $8,254 Mil.
Cintas Corp's Operating Income for the trailing twelve months (TTM) ended in May. 2014 was 140.07 (Aug. 2013 ) + 152.972 (Nov. 2013 ) + 150.162 (Feb. 2014 ) + 123.806 (May. 2014 ) = $567 Mil.

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


Related Terms

Enterprise Value, Operating Income, Earnings Yield (Joel Greenblatt)


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

May05May06May07May08May09May10May11May12May13May14
ev2ebit 14.3814.0411.809.1610.0110.7311.9910.4011.5614.56

Cintas Corp Quarterly Data

Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14
ev2ebit 11.2510.4011.0711.0311.6811.5612.1713.1813.7814.56
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