Cintas Corp (CTAS) is overvalued and UL Solutions Inc (ULS) is overvalued.
Both trade above our estimate of their intrinsic value. ULS 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 8.6% (average of 3 methods) values the shares at $42.69; the price of $66.65 is 56% above that value, and 77% of that value comes from beyond year five.
Leak Score 59/100 on 3 of 12 signals
| Metric | CTAS | ULS |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $198.80 | $66.65 |
| Intrinsic value | $93.81 | $42.69 |
| Margin of safety | -112% | -56% |
| Leak Score | 67/100 (10/12) | 59/100 (3/12) |
| Market cap | $79.7B | $13.5B |
| Revenue growth, 5 years | 9.6% | 5.8% |
| Operating margin | 23.3% | 19.0% |
| Net margin | 17.7% | 16.0% |
| Return on equity | 40.6% | 37.5% |
| Debt to equity | 0.53 | 0.30 |
| P/E | 40.5x | 26.9x |
| Forward P/E | 32.4x | 25.7x |
| P/B | 15.5x | 8.4x |
| Dividend yield | 0.9% | 0.9% |