P/E ratio for Covenant Logistics (CVLG)
P/E ratio as of April 2024 (TTM): 10.8
According to Covenant Logistics 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.7971. At the end of 2022 the company had a P/E ratio of 4.76.
P/E ratio history for Covenant Logistics from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 4.76 | -34.87% |
| 2021 | 7.30 | -222.75% |
| 2020 | -5.95 | -121.16% |
| 2019 | 28.1 | 238.18% |
| 2018 | 8.31 | -11.47% |
| 2017 | 9.39 | -56.31% |
| 2016 | 21.5 | 162.78% |
| 2015 | 8.18 | -66.22% |
| 2014 | 24.2 | 3.19% |
| 2013 | 23.5 | 78.16% |
| 2012 | 13.2 | -530.02% |
| 2011 | -3.06 | -107.28% |
| 2010 | 42.1 | -1859.45% |
| 2009 | -2.39 | 354.49% |
| 2008 | -0.5263 | -90.76% |
| 2007 | -5.69 | -95% |
| 2006 | -114 | -409.87% |
| 2005 | 36.8 | -57.59% |
| 2004 | 86.8 | 283.32% |
| 2003 | 22.6 | -31.96% |
| 2002 | 33.3 | -200.04% |
| 2001 | -33.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Werner Enterprises
WERN | 15.0 | 39.31% | 🇺🇸 USA |
 Marten Transport MRTN | 16.1 | 49.54% | 🇺🇸 USA |
 Heartland Express HTLD | 32.3 | 198.98% | 🇺🇸 USA |
 Knight-Swift
KNX | 20.7 | 92.00% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.