CTAS (Cintas) Scaled Net Operating Assets: 0.74 (As of Feb. 2026)


CTAS Cintas Corp CTAS
95 GF Score
Price $171.51
GF Value $209.24
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Cintas Scaled Net Operating Assets?

Cintas CTAS +1.43% 95 Scaled Net Operating Assets is 0.74 as of Feb. 2026. 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.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Cintas's operating assets for the quarter that ended in Feb. 2026 was $10,051 Mil. Cintas's operating liabilities for the quarter that ended in Feb. 2026 was $2,527 Mil. Cintas's Total Assets for the quarter that ended in Nov. 2025 was $10,133 Mil. Therefore, Cintas's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.74.


Cintas Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Cintas's Scaled Net Operating Assets 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.

Cintas Scaled Net Operating Assets Chart

Cintas Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.77 0.75 0.79 0.78 0.77

Cintas Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
Scaled Net Operating Assets 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 0.75 0.74 0.74 0.76 0.74

CTAS vs CPRT, GPN, ULS: Scaled Net Operating Assets Comparison

For the Specialty Business Services subindustry, Cintas's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Business Services Industry

For the Business Services industry and Industrials sector, Cintas's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Cintas's Scaled Net Operating Assets falls into.


CTAS
95GF Score
Cintas Corp CTAS
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Cintas Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Cintas's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in May. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: May. 2025 )
=(Operating Assets (A: May. 2025 )-Operating Liabilities (A: May. 2025 ))/Total Assets (A: May. 2024 )
=(9561.268-2486.279)/9168.817
=0.77

where

Operating Assets(A: May. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=9825.241 - 263.973
=9561.268

Operating Liabilities(A: May. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5140.76 - 2603.737 - 50.744
=2486.279

Cintas's Scaled Net Operating Assets (SNOA) for the quarter that ended in Feb. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Feb. 2026 )
=(Operating Assets (Q: Feb. 2026 )-Operating Liabilities (Q: Feb. 2026 ))/Total Assets (Q: Nov. 2025 )
=(10050.517-2527.151)/10132.881
=0.74

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=10233.721 - 183.204
=10050.517

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5445.338 - 2634.567 - 283.62
=2527.151

* 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 Scaled Net Operating Assets of 0.74 mean?
Cintas (CTAS) has a Scaled Net Operating Assets of 0.74 as of Feb. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Cintas and its competitors.
Is Cintas' Scaled Net Operating Assets too high?
Cintas' current Scaled Net Operating Assets is 0.74. 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' Scaled Net Operating Assets compare to CPRT and GPN?
Cintas' Scaled Net Operating Assets of 0.74 can be compared against companies in the Business Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Business Services company?
A good Scaled Net Operating Assets depends on the Business Services industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Cintas and its competitors. Cintas's current Scaled Net Operating Assets is 0.74. 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 $171.51 — trading 18% below its estimated fair value. The current Scaled Net Operating Assets is 0.74. 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 Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Cintas (CTAS), the current Scaled Net Operating Assets is 0.74 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 $171.51 is trading 18% below its estimated GF Value™ of $209.24. GuruFocus considers Cintas to be Modestly Undervalued.

Key valuation signals for CTAS:

  • Scaled Net Operating Assets: 0.74
  • GF Value™: $209.24 vs. price of $171.51 (18% below fair value)
  • GF Score™: 95/100 with 1 warning sign

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 Business Description

Address 6800 Cintas Boulevard, P.O. Box 625737, Cincinnati, OH, USA, 45262-5737
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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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$171.51
Price
$209.24
GF Value