Covenant Logistics (CVLG) - P/B ratio

P/B ratio as of November 2024 : 1.61

According to Covenant Logistics 's latest financial reports the company has a price-to-book ratio of 0.596548.
The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper.

Covenant Logistics - P/B ratio (from 2001 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	1.48	19.45%
2022-12-31	1.24	-2.1%
2021-12-31	1.26	44.72%
2020-12-31	0.8731	27.73%
2019-12-31	0.6835	-33.49%
2018-12-31	1.03	-42.27%
2017-12-31	1.78	19.6%
2016-12-31	1.49	-12.11%
2015-12-31	1.69	-41.59%
2014-12-31	2.90	137.72%
2013-12-31	1.22	41.48%
2012-12-31	0.8621	71.67%
2011-12-31	0.5022	-64.07%
2010-12-31	1.40	121.51%
2009-12-31	0.6310	166.84%
2008-12-31	0.2365	-56.78%
2007-12-31	0.5472	-35.26%
2006-12-31	0.8452	-17.95%
2005-12-31	1.03	-34.02%
2004-12-31	1.56	7.53%
2003-12-31	1.45	-6.49%
2002-12-31	1.55

P/B ratio for similar companies or competitors

Company	P/B ratio	P/B ratio differencediff.	Country
Marten Transport MRTN	1.69	5.17%	🇺🇸 USA
Knight-Swift KNX	1.22	-24.29%	🇺🇸 USA
Heartland Express HTLD	1.02	-36.33%	🇺🇸 USA
Werner Enterprises WERN	1.54	-3.85%	🇺🇸 USA

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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