Cintas Corp (CTAS) is overvalued and Thomson-Reuters Corp (TRI) is overvalued.
Both trade above our estimate of their intrinsic value. TRI is the closer of the two: -56%, against -112% for CTAS.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 9.6% (average of 3 methods) values the shares at $93.81; the price of $198.80 is 112% above that value, and 74% of that value comes from beyond year five.
Leak Score 67/100 on 10 of 12 signals
Discounting its cash flows at 8.9% (average of 3 methods) values the shares at $61.26; the price of $95.66 is 56% above that value, and 76% of that value comes from beyond year five.
Leak Score 59/100 on 3 of 12 signals
| Metric | CTAS | TRI |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $198.80 | $95.66 |
| Intrinsic value | $93.81 | $61.26 |
| Margin of safety | -112% | -56% |
| Leak Score | 67/100 (10/12) | 59/100 (3/12) |
| Market cap | $79.7B | $41.4B |
| Revenue growth, 5 years | 9.6% | 4.5% |
| Operating margin | 23.3% | 26.9% |
| Net margin | 17.7% | 21.2% |
| Return on equity | 40.6% | 14.2% |
| Debt to equity | 0.53 | 0.29 |
| P/E | 40.5x | 25.6x |
| Forward P/E | 32.4x | 18.9x |
| P/B | 15.5x | 3.8x |
| Dividend yield | 0.9% | 2.7% |