• Cintas average price/book ratio for 2023 was 12.69, a 3% increase from 2022.
• Cintas average price/book ratio for 2022 was 12.32, a 16.78% increase from 2021.
• Cintas average price/book ratio for 2021 was 10.55, a 21.54% increase from 2020.

Price/book ratio can be defined as