As at Jul 25, 2024, the CVLG stock has a PE ratio of 16.75. This is based on the current EPS of $3.28 and the stock price of $54.95 per share. An increase of 60% has been seen in the P/E ratio compared to the average of 10.5 of the last 4 quarters.
The mean historical PE ratio of Covenant Logistics Group over the last ten years is 16.81. The current 16.75 PE ratio is comparable to the historical average. Over the past ten years, CVLG's PE ratio was at its highest in the Mar 2020 quarter at 86.7, with a price of $8.67 and an EPS of $0.1. The Sep 2022 quarter recorded the bottom point at 3.84, with a price of $28.7 and an EPS of $7.48.
Maximum annual increase: 239.37% in 2019
Maximum annual decrease: -64.87% in 2015
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 10.88 | 128.09% |
| 2022 | 4.77 | -34.84% |
| 2021 | 7.32 | N/A |
| 2020 | N/A | N/A |
| 2019 | 28.1 | 239.37% |
| 2018 | 8.28 | -12.66% |
| 2017 | 9.48 | -54.42% |
| 2016 | 20.8 | 155.53% |
| 2015 | 8.14 | -64.87% |
| 2014 | 23.17 | -1.24% |
The current PE ratio of CVLG is greater than its 3-year historical average, but it is below the 5 and 10-year averages.
Compared to its peer stock SNDR, CVLG's PE ratio stands lower.
| Stock name | PE ratio | Market cap |
|---|---|---|
| CVLG Covenant Logistics Group Inc | 17.11 | $735.91M |
| SNDR Schneider National Inc | 28.99 | $4.63B |
The price to earnings ratio for CVLG stock as of Jul 25, 2024, stands at 16.75.
The average PE ratio for CVLG stock over the past 3 years is 8.95.
The average PE ratio for CVLG stock over the past 5 years is 17.61.
In the last ten years, the Mar 2020 quarter recorded the highest quarterly PE ratio at 86.7.
CVLG's current price to earnings ratio is 0.4% below its 10-year historical average.
The PE ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Jul 25, 2024), Covenant Logistics Group's stock price is $54.95. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $3.28. Therefore, Covenant Logistics Group's P/E ratio for today is 16.75. PE RATIO(16.75) = STOCK PRICE($54.95) / TTM EPS($3.28)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.