What is Covenant Logistics Group Earnings Yield (Joel Greenblatt) %?
Covenant Logistics Group's Enterprise Value for the quarter that ended in Dec. 2023 was $893 Mil.
Covenant Logistics Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $65 Mil. Covenant Logistics Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 8.98%.
The historical rank and industry rank for Covenant Logistics Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
CVLG'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7.72 Med: 7.46 Max: 30.71
Current: 7.37
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Covenant Logistics Group was 30.71%. The lowest was -7.72%. And the median was 7.46%.
CVLG's Earnings Yield (Joel Greenblatt) % is ranked better than 52.75% of 1001
companies
in the Transportation industry
Industry Median: 6.97
vs CVLG: 7.37
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Covenant Logistics Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 15.96%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Covenant Logistics Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Covenant Logistics Group's Earnings Yield (Joel Greenblatt) % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
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Covenant Logistics Group Earnings Yield (Joel Greenblatt) % Chart
For the Trucking subindustry, Covenant Logistics Group's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Covenant Logistics Group's Earnings Yield (Joel Greenblatt) % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Covenant Logistics Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Covenant Logistics Group's Earnings Yield (Joel Greenblatt) % falls into.
Covenant Logistics Group Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Covenant Logistics Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Covenant Logistics Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $65 Mil.
Covenant Logistics Group (NAS:CVLG) Earnings Yield (Joel Greenblatt) % Explanation
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Covenant Logistics Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Covenant Logistics Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Covenant Logistics Group (Covenant Logistics Group) Business Description
Covenant Logistics Group Inc together with its wholly-owned subsidiaries offers truckload transportation and freight brokerage services to customers throughout the continental United States. The company's reportable segments include Expedited, Dedicated Services, Managed Freight and Warehousing. Expedited segment provides truckload services to customers with high service freight and delivery standards. Dedicated segment provides customers with committed truckload capacity over contracted periods with the goal of three to five years in length. Managed Freight segment includes brokerage services and TMS. Warehousing segment provides day-to-day warehouse management services to customers who have chosen to outsource this function. Majority of revenue is generated from expedited segment.
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