Covenant Logistics Group (FRA:CV5) ROCE %: 4.86% (As of Mar. 2026)


FRA:CV5 Covenant Logistics Group Inc FRA:CV5
68 GF Score
Price €37.80
GF Value €23.91
! 10 Warning Signs
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What is Covenant Logistics Group ROCE %?

Covenant Logistics Group FRA:CV5 +1.07% 68 ROCE % is 4.86% as of Mar. 2026. GuruFocus rates FRA:CV5 with a GF Score™ of 68/100 and a GF Value™ of €23.91. The stock has 10 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Covenant Logistics Group's annualized ROCE % for the quarter that ended in Mar. 2026 was 4.86%.

Covenant Logistics Group  (FRA:CV5) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Covenant Logistics Group ROCE % Related Terms

Covenant Logistics Group ROCE % Historical Data

* Premium members only.

The historical data trend for Covenant Logistics Group's ROCE % 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.

Covenant Logistics Group ROCE % Chart

Covenant Logistics Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.17 26.10 11.11 7.58 2.02

Covenant Logistics Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.50 7.45 5.49 -10.13 4.86
FRA:CV5
68GF Score
Covenant Logistics Group Inc FRA:CV5
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Covenant Logistics Group ROCE % Calculation

Covenant Logistics Group's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=15.07/( ( (952.677 - 173.12) + (892.898 - 179.321) )/ 2 )
=15.07/( (779.557+713.577)/ 2 )
=15.07/746.567
=2.02 %

Covenant Logistics Group's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=34.492/( ( (892.898 - 179.321) + (879.556 - 174.881) )/ 2 )
=34.492/( ( 713.577 + 704.675 )/ 2 )
=34.492/709.126
=4.86 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 4.86% mean?
Covenant Logistics Group (FRA:CV5) has a ROCE % of 4.86% as of Mar. 2026.
Is Covenant Logistics Group's ROCE % too high?
Covenant Logistics Group's current ROCE % is 4.86%. The Transportation industry median ROCE % is 7.73. Covenant Logistics Group's value of 4.86% is 37.1% below this industry median. 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 ROCE % compare to HTLD and MRTN?
Covenant Logistics Group's ROCE % of 4.86% can be compared against companies in the Transportation industry. The industry median ROCE % is 7.73. Covenant Logistics Group's value of 4.86% is 37.1% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Transportation company?
The median ROCE % among Transportation companies is 7.73, based on 997 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Covenant Logistics Group's current ROCE % of 4.86% is 37.1% below 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Transportation industry, the median ROCE % is 7.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Covenant Logistics Group's current ROCE % is 4.86%. 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 ROCE % of 4.86%. The stock's GF Value™ is €23.91, compared to a current price of €37.80 — trading 58.1% above its estimated fair value. The current ROCE % is 4.86% and 37.1% below the Transportation industry median of 7.73. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Covenant Logistics Group (FRA:CV5), the current ROCE % is 4.86% as of Mar. 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 €37.80 is trading 58.1% above its estimated GF Value™ of €23.91.

Key valuation signals for FRA:CV5:

  • ROCE %: 4.86%
  • GF Value™: €23.91 vs. price of €37.80 (58.1% above fair value)
  • GF Score™: 68/100 with 10 warning signs
  • Industry Position: 37.1% below the Transportation median

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 Business Description

Other Exchanges CVLG:USA
Address 400 Birmingham Highway, Chattanooga, TN, USA, 37419
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

Get the complete analysis for FRA:CV5

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€37.80
Price
€23.91
GF Value