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Covenant Logistics Group (NYSE:CVLG) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Covenant Logistics Group Forward PE Ratio Related Terms
Covenant Logistics Group Forward PE Ratio Historical Data
* 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.
Covenant Logistics Group Forward PE Ratio Chart
Covenant Logistics Group Annual Data
Trend
2015-12
2016-12
2017-12
2018-12
2019-12
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
9.23
16.13
20.24
7.23
12.90
8.01
6.78
8.45
10.83
10.87
10.79
Covenant Logistics Group Quarterly Data
2015-12
2016-03
2016-06
2016-09
2016-12
2017-03
2017-06
2017-09
2017-12
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2019-09
2019-12
2020-03
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
2026-06
Forward PE Ratio
9.23
11.57
14.12
12.89
16.13
19.80
22.32
26.46
20.24
16.13
16.00
11.33
7.23
8.11
6.91
9.27
12.90
11.42
11.68
8.01
9.69
8.76
7.46
6.78
5.98
6.01
8.20
8.45
10.13
11.56
8.95
10.83
10.79
12.17
10.76
10.87
4.42
4.83
3.86
10.79
14.56
28.13
CVLG vs HTLD, MRTN, ULH: Forward PE Ratio Comparison
For the Trucking subindustry, Covenant Logistics Group's Forward PE Ratio, along with its competitors' market caps and Forward PE 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 Forward PE Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, Covenant Logistics Group's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Covenant Logistics Group's Forward PE Ratio falls into.
Covenant Logistics Group Forward PE Ratio Calculation
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Covenant Logistics Group (CVLG) has a Forward PE Ratio of 20.89 as of Aug. 01, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Covenant Logistics Group and its competitors. According to the industry distribution chart, Covenant Logistics Group ranks #369 out of 490 companies in the Transportation industry, placing it in the top 75.3%.
Is Covenant Logistics Group's Forward PE Ratio too high?
Covenant Logistics Group's current Forward PE Ratio is 20.89. The Transportation industry median Forward PE Ratio is 13.85. Covenant Logistics Group's value of 20.89 is 50.9% above this industry median. Based on the distribution chart, Covenant Logistics Group ranks #369 out of 490 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Covenant Logistics Group has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Covenant Logistics Group's Forward PE Ratio compare to HTLD and MRTN?
According to the Transportation industry distribution chart, Covenant Logistics Group ranks #369 out of 490 companies for Forward PE Ratio. This places Covenant Logistics Group in the lower half of its industry. The industry median Forward PE Ratio is 13.85. Covenant Logistics Group's value of 20.89 is 50.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Transportation company?
The median Forward PE Ratio among Transportation companies is 13.85, based on 490 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Covenant Logistics Group's current Forward PE Ratio of 20.89 is 50.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Covenant Logistics Group and its competitors. For the Transportation industry, the median Forward PE Ratio is 13.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Covenant Logistics Group's current Forward PE Ratio is 20.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Covenant Logistics Group stock overvalued right now?
Based on GuruFocus' analysis, Covenant Logistics Group (CVLG) is currently considered Modestly Overvalued. The stock's GF Value™ is $27.59, compared to a current price of $35.52 — trading 28.7% above its estimated fair value. The current Forward PE Ratio is 20.89 and 50.9% above the Transportation industry median of 13.85. Covenant Logistics Group's overall GF Score™ is 72/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Covenant Logistics Group (CVLG), the current Forward PE Ratio is 20.89 as of Aug. 01, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Covenant Logistics Group (CVLG) Overvalued in 2026?
Based on GuruFocus' analysis, Covenant Logistics Group stock appears to be overvalued.
The current stock price of $35.52 is trading 28.7% above its estimated GF Value™ of $27.59.
GuruFocus considers Covenant Logistics Group to be Modestly Overvalued.
Key valuation signals for CVLG:
Forward PE Ratio: 20.89
GF Value™: $27.59 vs. price of $35.52 (28.7% above fair value)
Industry Position: 50.9% above the Transportation median (#369 of 490)
No single metric tells the full story. See the CVLG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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. The 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. The Managed Freight segment includes brokerage services and TMS. The warehousing segment provides day-to-day warehouse management services to customers who have chosen to outsource this function.
72GF Score
Get the complete analysis for CVLG
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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