CintasCTAS +1.66%95 ROC (Joel Greenblatt) % is 68.80% as of Feb. 2026, which is 45% above its 10-year median of 47.56. GuruFocus rates CTAS with a GF Score™ of 95/100 and a GF Value™ of $209.24 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,081 Business Services companies, Cintas ranks better than 74.84% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Cintas's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 68.80%.
The historical rank and industry rank for Cintas's ROC (Joel Greenblatt) % or its related term are showing as below:
CTAS'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 37.92 Med: 47.56 Max: 70.74
Current: 69.26
During the past 13 years, Cintas's highest ROC (Joel Greenblatt) % was 70.74%. The lowest was 37.92%. And the median was 47.56%.
CTAS's ROC (Joel Greenblatt) % is ranked better than 74.84% of 1081
companies
in the Business Services industry
Industry Median: 20.97
vs CTAS: 69.26
Cintas's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 10.80% per year.
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
The historical data trend for Cintas's ROC (Joel Greenblatt) % 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.
CTAS vs CPRT, ULS, GPN: ROC (Joel Greenblatt) % Comparison
For the Specialty Business Services subindustry, Cintas's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % vs Business Services Industry
For the Business Services industry and Industrials sector, Cintas's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Cintas's ROC (Joel Greenblatt) % falls into.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Feb. 2026) EBIT data.
* 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.
What does a ROC (Joel Greenblatt) % of 68.80% mean?
Cintas (CTAS) has a ROC (Joel Greenblatt) % of 68.80% as of Feb. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Cintas and its competitors. This is 45% above median its historical median of 47.56. Over the past decade, Cintas' ROC (Joel Greenblatt) % has ranged from 37.92 to 70.74. According to the industry distribution chart, Cintas ranks #272 out of 1081 companies in the Business Services industry, placing it in the top 25.2%.
Is Cintas' ROC (Joel Greenblatt) % too high?
Cintas' current ROC (Joel Greenblatt) % of 68.80% is 45% above median its 10-year median of 47.56. Over the past 10 years, this metric has ranged from a low of 37.92 to a high of 70.74. The Business Services industry median ROC (Joel Greenblatt) % is 20.97. Cintas' value of 68.80% is 228.1% above this industry median. Based on the distribution chart, Cintas ranks #272 out of 1081 companies in the Business Services industry, which is above the industry midpoint. Overall, Cintas has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cintas' ROC (Joel Greenblatt) % compare to CPRT and ULS?
According to the Business Services industry distribution chart, Cintas ranks #272 out of 1081 companies for ROC (Joel Greenblatt) %. This puts Cintas in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 20.97. Cintas' value of 68.80% is 228.1% above this benchmark. Historically, Cintas' own ROC (Joel Greenblatt) % has ranged from 37.92 to 70.74 over the past decade. While the company's 10-year median is 47.56 vs. the industry median of 20.97, Cintas has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC (Joel Greenblatt) % for a Business Services company?
The median ROC (Joel Greenblatt) % among Business Services companies is 20.97, based on 1,081 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cintas's current ROC (Joel Greenblatt) % of 68.80% is 228.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Cintas and its competitors. For the Business Services industry, the median ROC (Joel Greenblatt) % is 20.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cintas's current ROC (Joel Greenblatt) % is 68.80%, which is 45% above median its own 10-year median of 47.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cintas stock overvalued right now?
Based on GuruFocus' analysis, Cintas (CTAS) is currently considered Modestly Undervalued. The stock's GF Value™ is $209.24, compared to a current price of $171.90 — trading 17.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 68.80%, which is 45% above median its 10-year median of 47.56 and 228.1% above the Business Services industry median of 20.97. Cintas' overall GF Score™ is 95/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Cintas (CTAS), the current ROC (Joel Greenblatt) % is 68.80% as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Cintas (CTAS) Overvalued in 2026?
Based on GuruFocus' analysis, Cintas stock appears to be undervalued.
The current stock price of $171.90 is trading 17.8% below its estimated GF Value™ of $209.24.
GuruFocus considers Cintas to be Modestly Undervalued.
Key valuation signals for CTAS:
ROC (Joel Greenblatt) %: 68.80% (45% above median its 10-year median of 47.56)
GF Value™: $209.24 vs. price of $171.90 (17.8% below fair value)
Industry Position: 228.1% above the Business Services median (#272 of 1081)
No single metric tells the full story. See the CTAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cintas has roots dating back to 1929, when the Farmer family cleaned and resold dirty rags to manufacturing plants in Ohio. The firm has expanded its business organically and through acquisitions, and today Cintas acts as a one-stop outsourcing partner for businesses. Cintas will design, manufacture, collect, and clean every employee uniform for a small weekly sum, taking on the upfront capital expense itself. At the same stop, Cintas can also replace soiled or depleted mats, mops, trash liners, towels, first aid supplies, fire extinguishers, and cleaning products. Businesses value an outsourcing partner like Cintas as it simplifies operations and leaves noncore tasks with high regulatory standards in the hands of professionals.
95GF Score
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