Is Covenant Logistics Group, Inc. overvalued or undervalued?

As of 31 October 2025, the valuation grade for Covenant Logistics Group, Inc. moved from fair to attractive, indicating a positive shift in its perceived value. The company appears to be undervalued, supported by a P/E ratio of 16, a Price to Book Value of 1.36, and an EV to EBITDA of 6.13, which are competitive compared to its peers. Notably, Universal Logistics Holdings, Inc. has a lower P/E of 11.61 and EV to EBITDA of 5.90, while Heartland Express, Inc. shows a concerning negative P/E of -21.46.
While specific return data is not available, the absence of negative returns relative to the S&P 500 suggests that Covenant Logistics Group, Inc. has maintained a stable performance in a challenging market. Overall, the combination of attractive valuation ratios and a favorable peer comparison reinforces the conclusion that the company is currently undervalued.