Covenant Logistics Group's quarterly market cap
increased
from Jun. 2023 ($567 Mil) to Sep. 2023 ($568 Mil) and
increased
from Sep. 2023 ($568 Mil) to Dec. 2023 ($602 Mil).
Covenant Logistics Group's annual market cap
increased
from Dec. 2021 ($443 Mil) to Dec. 2022 ($469 Mil) and
increased
from Dec. 2022 ($469 Mil) to Dec. 2023 ($602 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Covenant Logistics Group's Enterprise Value for Today is $880 Mil.
Covenant Logistics Group Market Cap 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.
Competitive Comparison of Covenant Logistics Group's Market Cap
For the Trucking subindustry, Covenant Logistics Group's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Covenant Logistics Group's Market Cap distribution charts can be found below:
* The bar in red indicates where Covenant Logistics Group's Market Cap falls into.
Covenant Logistics Group Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Covenant Logistics Group's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* 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 (NAS:CVLG) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Covenant Logistics Group Market Cap Related Terms
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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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