The historical rank and industry rank for Covenant Logistics Group's PB Ratio or its related term are showing as below:
CVLG'
s PB Ratio Range Over the Past 10 Years
Min: 0.34 Med: 1.39 Max: 4.07
Current: 1.45
During the past 13 years, Covenant Logistics Group's highest PB Ratio was 4.07. The lowest was 0.34. And the median was 1.39.
CVLG's PB Ratio is ranked worse than 55.63% of 933
companies
in the Transportation industry
Industry Median: 1.31
vs CVLG: 1.45
During the past 12 months, Covenant Logistics Group's average Book Value Per Share Growth Rate was 11.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 22.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 11.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 14.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Covenant Logistics Group was 25.90% per year. The lowest was -20.90% per year. And the median was 5.00% per year.
* 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.
Competitive Comparison of Covenant Logistics Group's PB Ratio
For the Trucking subindustry, Covenant Logistics Group's PB Ratio, along with its competitors' market caps and PB Ratio 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 PB Ratio Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Covenant Logistics Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Covenant Logistics Group's PB Ratio falls into.
Covenant Logistics Group PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Covenant Logistics Group (NAS:CVLG) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Covenant Logistics Group PB Ratio Related Terms
Thank you for viewing the detailed overview of Covenant Logistics Group's PB Ratio 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.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
CVLG has been successfully added to your 