What is Covenant Logistics Group Book Value per Share?
Covenant Logistics Group's book value per share for the quarter that ended in Mar. 2024 was $31.05.
During the past 12 months, Covenant Logistics Group's average Book Value Per Share Growth Rate was 9.00% 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.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.
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.
During the past 13 years, the highest P/B Ratio of Covenant Logistics Group was 4.07. The lowest was 0.34. And the median was 1.40.
Covenant Logistics Group Book Value per Share Historical Data
The historical data trend for Covenant Logistics Group's Book Value per Share 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.
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Covenant Logistics Group Book Value per Share Chart
Competitive Comparison of Covenant Logistics Group's Book Value per Share
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 Book Value per Share Calculation
Covenant Logistics Group's Book Value Per Share 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.
Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.
Covenant Logistics Group (NAS:CVLG) Book Value per Share Explanation
Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.
For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.
Covenant Logistics Group Book Value per Share Related Terms
Thank you for viewing the detailed overview of Covenant Logistics Group's Book Value per Share 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.
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