CTAS EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
CTAS's ev/ebitda is higher than 82% of the last 10 years.
EV/EBITDA History
CTAS EV/EBITDA by year
Yearly range of CTAS’s ev/ebitda from 2016 to 2026. Over the full period it ranged from 11.9 to 36.9, averaging 22.8.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 22.8 | 26.1 | 30.1 | 27.8 |
| 2025 | 25.9 | 30.0 | 33.6 | 26.6 |
| 2024 | 26.6 | 30.9 | 36.9 | 28.5 |
| 2023 | 22.0 | 24.0 | 27.9 | 27.7 |
| 2022 | 19.7 | 22.9 | 25.7 | 23.6 |
| 2021 | 22.3 | 24.8 | 27.6 | 26.8 |
| 2020 | 11.9 | 20.9 | 26.3 | 24.9 |
| 2019 | 14.9 | 18.2 | 20.3 | 19.7 |
| 2018 | 14.2 | 18.4 | 21.2 | 15.2 |
| 2017 | 13.6 | 15.6 | 17.3 | 16.7 |
| 2016 | 12.5 | 13.5 | 14.4 | 13.8 |
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An acquisition-style valuation multiple: Enterprise Value (market cap + net debt) divided by operating earnings before accounting adjustments. Compares companies fairly regardless of their capital structure.
(Market Cap + Net Debt) / EBITDAUnlike P/E, this metric accounts for debt — two companies with identical operations but different leverage will show similar EV/EBITDA. Low vs history suggests the total business is modestly priced.
- EBITDA ignores capital expenditure. For asset-heavy businesses (airlines, mining, utilities), this understates the real cost — use EV/EBIT or EV/FCF instead.
- Large acquisitions temporarily spike net debt and can distort the ratio for 1–2 years during integration.
Is CTAS EV/EBITDA High or Low Right Now?
Cintas Corporation's EV/EBITDA is currently 27.8, which is historically pricey relative to its 10-year historical range. The 10-year median EV/EBITDA for CTAS is approximately 23.3. See all CTAS valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.