As at May 17, 2024, the CVLG stock has a PE ratio of 14.16. This is based on the current EPS of $3.28 and the stock price of $46.46 per share. An increase of 35% 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 17.04. The current 14.16 PE ratio is 17% below 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 stocks SNDR and PTSI, CVLG's PE ratio stands lower.
| Stock name | PE ratio | Market cap |
|---|---|---|
| CVLG Covenant Logistics Group Inc | 14.16 | $609.29M |
| SNDR Schneider National Inc | 24.31 | $3.88B |
| PTSI Pam Transportation Services Inc | 29.25 | $386.71M |
The price to earnings ratio for CVLG stock as of May 17, 2024, stands at 14.16.
The average PE ratio for CVLG stock over the past 3 years is 11.4.
The average PE ratio for CVLG stock over the past 5 years is 16.95.
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 17% 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 (May 17, 2024), Covenant Logistics Group's stock price is $46.46. 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 14.16. PE RATIO(14.16) = STOCK PRICE($46.46) / TTM EPS($3.28)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.