Covenant Logistics Group, Stock Price To Sales

CVLG Stock

USD 23.53 0.26 1.12%

Fundamental analysis of Covenant Logistics allows traders to better anticipate movements in Covenant Logistics' stock price by examining its financial health and performance throughout various phases of its business cycle.

		Last Reported	Projected for Next Year
	Price To Sales Ratio	0.63	0.50

The current Price To Sales Ratio is estimated to decrease to 0.50.

Build AI portfolio with Covenant Stock

This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Covenant Logistics Group, Company Price To Sales Analysis

Covenant Logistics' Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.

P/S

MV Per Share

Revenue Per Share

More About Price To Sales | All Equity Analysis

Current Covenant Logistics Price To Sales

0.54 X

Most of Covenant Logistics' fundamental indicators, such as Price To Sales, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Covenant Logistics Group, is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Covenant Price To Sales Driver Correlations

Understanding the fundamental principles of building solid financial models for Covenant Logistics is extremely important. It helps to project a fair market value of Covenant Stock properly, considering its historical fundamentals such as Price To Sales. Since Covenant Logistics' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Covenant Logistics' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Covenant Logistics' interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Current Deferred Revenue	Good Will	Net Tangible Assets	Long Term Debt	Long Term Debt Total	Capital Surpluse	Long Term Investments	Short Long Term Debt	Treasury Stock	Property Plant Equipment	Net Invested Capital	Net Working Capital	Capital Stock	Deferred Long Term Liab	Accumulated Depreciation
Total Assets		0.8	0.55	0.78	0.7	0.81	0.92	0.91	0.28	0.64	0.79	0.62	0.71	0.48	0.05	-0.41	0.57	0.7	0.52	-0.69	-0.27	0.5	-0.42	0.28	-0.09	0.33
Total Stockholder Equity	0.8		0.15	0.95	0.89	0.71	0.58	0.74	0.24	0.86	0.66	0.73	0.59	0.32	-0.25	-0.67	0.75	0.79	0.39	-0.92	-0.63	0.44	-0.57	0.37	-0.52	0.5
Net Debt	0.55	0.15		0.12	-0.05	0.29	0.78	0.46	0.5	0.24	0.44	0.16	0.37	0.22	0.72	0.29	0.06	0.11	0.7	0.04	0.38	0.66	0.13	0.22	0.0	0.16
Retained Earnings	0.78	0.95	0.12		0.92	0.66	0.55	0.68	0.22	0.88	0.5	0.72	0.7	0.39	-0.23	-0.74	0.71	0.87	0.37	-0.93	-0.62	0.46	-0.63	0.21	-0.39	0.38
Accounts Payable	0.7	0.89	-0.05	0.92		0.63	0.48	0.61	0.23	0.79	0.53	0.84	0.63	0.12	-0.49	-0.88	0.77	0.86	0.18	-0.9	-0.79	0.23	-0.79	0.27	-0.45	0.43
Net Receivables	0.81	0.71	0.29	0.66	0.63		0.68	0.78	0.01	0.48	0.67	0.59	0.5	0.48	-0.2	-0.42	0.45	0.53	0.13	-0.64	-0.44	0.19	-0.39	0.11	-0.03	0.19
Total Liab	0.92	0.58	0.78	0.55	0.48	0.68		0.83	0.41	0.49	0.74	0.56	0.63	0.32	0.27	-0.2	0.41	0.52	0.58	-0.41	-0.05	0.55	-0.27	0.28	-0.05	0.28
Total Current Assets	0.91	0.74	0.46	0.68	0.61	0.78	0.83		0.25	0.43	0.68	0.56	0.45	0.56	-0.05	-0.25	0.43	0.53	0.38	-0.66	-0.16	0.36	-0.16	0.14	-0.03	0.19
Short Term Debt	0.28	0.24	0.5	0.22	0.23	0.01	0.41	0.25		0.34	0.27	0.44	0.32	-0.09	0.25	-0.11	0.35	0.3	0.51	-0.17	-0.06	0.49	-0.1	0.36	-0.39	0.38
Intangible Assets	0.64	0.86	0.24	0.88	0.79	0.48	0.49	0.43	0.34		0.55	0.7	0.78	0.12	0.02	-0.7	0.8	0.85	0.57	-0.76	-0.62	0.67	-0.66	0.49	-0.65	0.64
Common Stock	0.79	0.66	0.44	0.5	0.53	0.67	0.74	0.68	0.27	0.55		0.58	0.6	0.12	0.05	-0.37	0.7	0.6	0.53	-0.46	-0.36	0.46	-0.38	0.72	-0.36	0.7
Current Deferred Revenue	0.62	0.73	0.16	0.72	0.84	0.59	0.56	0.56	0.44	0.7	0.58		0.62	-0.06	-0.36	-0.79	0.76	0.77	0.22	-0.69	-0.76	0.3	-0.66	0.39	-0.57	0.55
Good Will	0.71	0.59	0.37	0.7	0.63	0.5	0.63	0.45	0.32	0.78	0.6	0.62		0.2	0.18	-0.63	0.77	0.9	0.62	-0.55	-0.46	0.68	-0.63	0.49	-0.26	0.58
Net Tangible Assets	0.48	0.32	0.22	0.39	0.12	0.48	0.32	0.56	-0.09	0.12	0.12	-0.06	0.2		0.12	0.11	-0.05	0.17	0.16	-0.45	0.2	0.17	0.16	-0.3	0.44	-0.28
Long Term Debt	0.05	-0.25	0.72	-0.23	-0.49	-0.2	0.27	-0.05	0.25	0.02	0.05	-0.36	0.18	0.12		0.6	-0.16	-0.16	0.7	0.41	0.66	0.69	0.44	0.2	0.08	0.09
Long Term Debt Total	-0.41	-0.67	0.29	-0.74	-0.88	-0.42	-0.2	-0.25	-0.11	-0.7	-0.37	-0.79	-0.63	0.11	0.6		-0.77	-0.83	0.01	0.74	0.93	-0.07	0.9	-0.3	0.48	-0.48
Capital Surpluse	0.57	0.75	0.06	0.71	0.77	0.45	0.41	0.43	0.35	0.8	0.7	0.76	0.77	-0.05	-0.16	-0.77		0.91	0.52	-0.69	-0.76	0.55	-0.65	0.77	-0.68	0.88
Long Term Investments	0.7	0.79	0.11	0.87	0.86	0.53	0.52	0.53	0.3	0.85	0.6	0.77	0.9	0.17	-0.16	-0.83	0.91		0.49	-0.8	-0.72	0.55	-0.75	0.5	-0.44	0.64
Short Long Term Debt	0.52	0.39	0.7	0.37	0.18	0.13	0.58	0.38	0.51	0.57	0.53	0.22	0.62	0.16	0.7	0.01	0.52	0.49		-0.23	0.09	0.96	-0.08	0.63	-0.37	0.6
Treasury Stock	-0.69	-0.92	0.04	-0.93	-0.9	-0.64	-0.41	-0.66	-0.17	-0.76	-0.46	-0.69	-0.55	-0.45	0.41	0.74	-0.69	-0.8	-0.23		0.67	-0.28	0.63	-0.2	0.37	-0.36
Property Plant Equipment	-0.27	-0.63	0.38	-0.62	-0.79	-0.44	-0.05	-0.16	-0.06	-0.62	-0.36	-0.76	-0.46	0.2	0.66	0.93	-0.76	-0.72	0.09	0.67		0.0	0.81	-0.38	0.59	-0.56
Net Invested Capital	0.5	0.44	0.66	0.46	0.23	0.19	0.55	0.36	0.49	0.67	0.46	0.3	0.68	0.17	0.69	-0.07	0.55	0.55	0.96	-0.28	0.0		-0.1	0.57	-0.44	0.59
Net Working Capital	-0.42	-0.57	0.13	-0.63	-0.79	-0.39	-0.27	-0.16	-0.1	-0.66	-0.38	-0.66	-0.63	0.16	0.44	0.9	-0.65	-0.75	-0.08	0.63	0.81	-0.1		-0.3	0.36	-0.41
Capital Stock	0.28	0.37	0.22	0.21	0.27	0.11	0.28	0.14	0.36	0.49	0.72	0.39	0.49	-0.3	0.2	-0.3	0.77	0.5	0.63	-0.2	-0.38	0.57	-0.3		-0.7	0.97
Deferred Long Term Liab	-0.09	-0.52	0.0	-0.39	-0.45	-0.03	-0.05	-0.03	-0.39	-0.65	-0.36	-0.57	-0.26	0.44	0.08	0.48	-0.68	-0.44	-0.37	0.37	0.59	-0.44	0.36	-0.7		-0.8
Accumulated Depreciation	0.33	0.5	0.16	0.38	0.43	0.19	0.28	0.19	0.38	0.64	0.7	0.55	0.58	-0.28	0.09	-0.48	0.88	0.64	0.6	-0.36	-0.56	0.59	-0.41	0.97	-0.8

Click cells to compare fundamentals

Covenant Price To Sales Historical Pattern

Today, most investors in Covenant Logistics Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Covenant Logistics' growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's price to sales growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Covenant Logistics price to sales as a starting point in their analysis.

Covenant Logistics Price To Sales

Timeline

The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.

Competition

Predict Covenant Logistics

Price To Sales Ratio Over Time

Covenant Price To Sales Ratio

Price To Sales Ratio

0.5

At this time, Covenant Logistics' Price To Sales Ratio is most likely to slightly decrease in the upcoming years.

Based on the latest financial disclosure, Covenant Logistics Group, has a Price To Sales of 0.5433 times. This is 98.04% lower than that of the Ground Transportation sector and 29.44% lower than that of the Industrials industry. The price to sales for all United States stocks is 95.24% higher than that of the company.

Covenant Price To Sales Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Covenant Logistics' direct or indirect competition against its Price To Sales to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Covenant Logistics could also be used in its relative valuation, which is a method of valuing Covenant Logistics by comparing valuation metrics of similar companies.

Covenant Logistics is currently under evaluation in price to sales category among its peers.

Covenant Logistics ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Covenant Logistics' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Covenant Logistics' managers, analysts, and investors.

Environmental

Governance

Social

Covenant Fundamentals

	Return On Equity	0.0895
	Return On Asset	0.038
	Profit Margin	0.03 %
	Operating Margin	0.04 %
	Current Valuation	884.89 M
	Shares Outstanding	21.86 M
	Shares Owned By Insiders	26.20 %
	Shares Owned By Institutions	66.75 %
	Number Of Shares Shorted	128.54 K
	Price To Earning	7.43 X
	Price To Book	1.39 X
	Price To Sales	0.54 X
	Revenue	1.13 B
	Gross Profit	265.18 M
	EBITDA	146 M
	Net Income	35.92 M
	Cash And Equivalents	4.46 M
	Cash Per Share	0.31 X
	Total Debt	296.89 M
	Debt To Equity	0.31 %
	Current Ratio	1.15 X
	Book Value Per Share	16.71 X
	Cash Flow From Operations	122.89 M
	Short Ratio	3.65 X
	Earnings Per Share	1.31 X
	Price To Earnings To Growth	1.24 X
	Target Price	33.0
	Number Of Employees	3.1 K
	Beta	1.42
	Market Capitalization	617.96 M
	Total Asset	997.57 M
	Retained Earnings	278.13 M
	Working Capital	32.57 M
	Annual Yield	0.01 %
	Net Asset	997.57 M
	Last Dividend Paid	0.11

About Covenant Logistics Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Covenant Logistics Group,'s financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Covenant Logistics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Covenant Logistics Group, based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Currently Active Assets on Macroaxis

USOI	Credit Suisse X Links
ULTY	Tidal Trust II
CONY	YieldMax N Option
BCAT	BlackRock Capital Allocation
PDI	Pimco Dynamic Income

When determining whether Covenant Logistics Group, is a strong investment it is important to analyze Covenant Logistics' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Covenant Logistics' future performance. For an informed investment choice regarding Covenant Stock, refer to the following important reports:

How To Invest In Covenant

Details

Is Covenant Stock a good investment?

Details

What is Covenant Logistics' Net Worth?

Details

Largest Cargo Ground Transportation Companies

View

Largest Transportation Companies

View

Check out Covenant Logistics Piotroski F Score and Covenant Logistics Altman Z Score analysis.

You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

Is Cargo Ground Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Covenant Logistics. If investors know Covenant will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Covenant Logistics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.18)

Dividend Share

0.11

Earnings Share

1.31

Revenue Per Share

43.187

Quarterly Revenue Growth

0.053

The market value of Covenant Logistics Group, is measured differently than its book value, which is the value of Covenant that is recorded on the company's balance sheet. Investors also form their own opinion of Covenant Logistics' value that differs from its market value or its book value, called intrinsic value, which is Covenant Logistics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Covenant Logistics' market value can be influenced by many factors that don't directly affect Covenant Logistics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Covenant Logistics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Covenant Logistics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Covenant Logistics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC

Covenant Logistics Group, Stock Price To Sales

Covenant Logistics Group, Company Price To Sales Analysis

P/S

MV Per Share

Revenue Per Share

Current Covenant Logistics Price To Sales

Covenant Price To Sales Driver Correlations

Covenant Price To Sales Historical Pattern

Covenant Price To Sales Ratio

Price To Sales Ratio

0.5

Covenant Price To Sales Peer Comparison

Covenant Logistics ESG Sustainability

Covenant Fundamentals

About Covenant Logistics Fundamental Analysis

Currently Active Assets on Macroaxis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY