Covenant Logistics Group Inc stock PB Ratio (=2.84) is close to 10-year high of 2.84.
The historical rank and industry rank for Covenant Logistics Group's PB Ratio or its related term are showing as below:
FRA:CV5'
s PB Ratio Range Over the Past 10 Years
Min: 0.34 Med: 1.37 Max: 2.84
Current: 2.84
During the past 13 years, Covenant Logistics Group's highest PB Ratio was 2.84. The lowest was 0.34. And the median was 1.37.
FRA:CV5's PB Ratio is ranked worse than 81.83% of 963
companies
in the Transportation industry
Industry Median: 1.25
vs FRA:CV5: 2.84
During the past 12 months, Covenant Logistics Group's average Book Value Per Share Growth Rate was -2.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 5.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 14.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 11.40% 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.
Back to Basics: PB Ratio
Covenant Logistics Group (FRA:CV5) 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.
* 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.
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 PB Ratio vs 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.
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 (FRA:CV5) has a PB Ratio of 2.86 as of Jul. 11, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Covenant Logistics Group and its competitors. This is 109% above median its historical median of 1.37. Over the past decade, Covenant Logistics Group's PB Ratio has ranged from 0.34 to 2.84. According to the industry distribution chart, Covenant Logistics Group ranks #788 out of 963 companies in the Transportation industry, placing it in the top 81.8%.
Is Covenant Logistics Group's PB Ratio too high?
Covenant Logistics Group's current PB Ratio of 2.86 is 109% above median its 10-year median of 1.37. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 2.84. The Transportation industry median PB Ratio is 1.25. Covenant Logistics Group's value of 2.86 is 128.8% above this industry median. Based on the distribution chart, Covenant Logistics Group ranks #788 out of 963 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Covenant Logistics Group has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Covenant Logistics Group's PB Ratio compare to HTLD and MRTN?
According to the Transportation industry distribution chart, Covenant Logistics Group ranks #788 out of 963 companies for PB Ratio. This places Covenant Logistics Group in the lower half of its industry. The industry median PB Ratio is 1.25. Covenant Logistics Group's value of 2.86 is 128.8% above this benchmark. Historically, Covenant Logistics Group's own PB Ratio has ranged from 0.34 to 2.84 over the past decade. While the company's 10-year median is 1.37 vs. the industry median of 1.25, Covenant Logistics Group has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a Transportation company?
The median PB Ratio among Transportation companies is 1.25, based on 963 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Covenant Logistics Group's current PB Ratio of 2.86 is 128.8% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Covenant Logistics Group and its competitors. For the Transportation industry, the median PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Covenant Logistics Group's current PB Ratio is 2.86, which is 109% above median its own 10-year median of 1.37. 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?
Covenant Logistics Group (FRA:CV5) has a current PB Ratio of 2.86. The stock's GF Value™ is €23.71, compared to a current price of €40.20 — trading 69.5% above its estimated fair value. The current PB Ratio is 2.86, which is 109% above median its 10-year median of 1.37 and 128.8% above the Transportation industry median of 1.25. Covenant Logistics Group's overall GF Score™ is 68/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Covenant Logistics Group (FRA:CV5), the current PB Ratio is 2.86 as of Jul. 11, 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 (FRA:CV5) Overvalued in 2026?
Based on GuruFocus' analysis, Covenant Logistics Group stock appears to be overvalued.
The current stock price of €40.20 is trading 69.5% above its estimated GF Value™ of €23.71.
Key valuation signals for FRA:CV5:
PB Ratio: 2.86 (109% above median its 10-year median of 1.37)
GF Value™: €23.71 vs. price of €40.20 (69.5% above fair value)
Industry Position: 128.8% above the Transportation median (#788 of 963)
No single metric tells the full story. See the FRA:CV5 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.
68GF Score
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