Cintas Corp. exceeded Q3 earnings forecasts but may be overvalued with stock at 48x earnings.

Cintas Corporation reported strong third-quarter earnings, surpassing analysts' expectations with earnings of $1.13 per share and revenue of $2.61 billion, both up significantly year-over-year. The company raised its full-year earnings guidance to between $4.36 and $4.40 per share. Despite the impressive performance, the stock price has risen to 48 times the current annual earnings, making it potentially overvalued.