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CorVel Corp (CRVL) stock analysis

CRVLNasdaqInsurance Agents, Brokers & ServiceFiscal year ends March 31
Financials through Q2 FY2027, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 12/307% below fair value
$85.69−0.81 (-0.94%)

Close on Nov 13, 2026Market cap $4.33BP/E 36.0Yield –

StockData Score

Prices as of Nov 13, 2026How the score works

Value2Growth3Performance6Health1Dividend0

Mixed12 of 30 checks passed

CorVel passes 12 of the 30 checks behind our score; 11 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
2/6
Growth
3/6
Past performance
6/6
Financial health
1/6
Dividend
0/6

What stands out

  • Trading below fair value

    The share price of $85.69 is below our fair value estimate of $91.68.

  • Return on equity over 15%

    Return on equity was 30.6% over the last twelve months and averaged 32.2% over five years.

  • Earnings grew over 5 years

    Net income grew 18.9% a year on average over the last five fiscal years.

  • Revenue growing 10%+ a year

    Revenue grew 10.1% a year over the last three fiscal years.

What to watch

  • Margin of safety under 20%

    The price is 6.5% below fair value, less than the 20% cushion we look for.

  • Earnings growth not accelerating

    Net income grew 15.4% over the last twelve months, against a 5-year average of 18.9% a year.

  • P/E above the industry

    CorVel's P/E of 36.0 is above the Insurance Agents, Brokers, and Service median of 30.4.

  • P/S above the industry

    CorVel's price-to-sales of 4.28 is above the Insurance Agents, Brokers, and Service median of 3.46.

Valuation2/6

  • P/E below its 5-year median

    CorVel's P/E of 36.0 is below its own 5-year median of 50.1.

  • P/E above the industry

    CorVel's P/E of 36.0 is above the Insurance Agents, Brokers, and Service median of 30.4.

  • P/S above the industry

    CorVel's price-to-sales of 4.28 is above the Insurance Agents, Brokers, and Service median of 3.46.

  • P/B above the industry

    CorVel's price-to-book of 10.06 is above the Insurance Agents, Brokers, and Service median of 4.97.

  • Trading below fair value

    The share price of $85.69 is below our fair value estimate of $91.68.

  • Margin of safety under 20%

    The price is 6.5% below fair value, less than the 20% cushion we look for.

Growth3/6

  • Revenue growing 10%+ a year

    Revenue grew 10.1% a year over the last three fiscal years.

  • EPS growing 10%+ a year

    Diluted EPS grew 19.3% a year over the last three fiscal years.

  • Earnings growth not accelerating

    Net income grew 15.4% over the last twelve months, against a 5-year average of 18.9% a year.

  • Growing slower than the industry

    Revenue grew 8.3% over the last twelve months; the Insurance Agents, Brokers, and Service median is 9.2%.

  • Company guidance

    No outlook found in earnings releases from the last twelve months.

  • Gross margin improving

    Gross margin was 25.5% over the last twelve months, against 24.2% a year earlier.

Past performance6/6

  • Return on equity over 15%

    Return on equity was 30.6% over the last twelve months and averaged 32.2% over five years.

  • Return on assets over 1%

    Return on assets was 18.3%; for a bank or insurer, 1% or more is considered good.

  • Return on equity above the industry

    CorVel's return on equity of 30.6% is above the Insurance Agents, Brokers, and Service median of 9.3%.

  • Earnings grew over 5 years

    Net income grew 18.9% a year on average over the last five fiscal years.

  • Net margin above its 5-year average

    Net margin was 12.0% over the last twelve months, against a 5-year average of 10.2%.

  • Net margin above the industry

    CorVel's net margin of 12.0% is above the Insurance Agents, Brokers, and Service median of 4.9%.

Financial health1/6

  • Debt level

    Needs debt and equity figures.

  • Debt trend

    Needs a balance sheet from five years ago with positive equity.

  • Debt coverage

    Needs operating cash flow.

  • Interest coverage

    Interest expense is not reported separately.

  • Short-term assets cover short-term debts

    Current assets are 2.02 times current liabilities.

  • Bankruptcy risk (Altman Z)

    The Altman model does not apply to insurers.

Dividend0/6

  • No dividend

    CorVel has not paid a dividend in the last twelve months.

  • Yield against Treasuries

    No dividend.

  • Yield against the market

    No dividend.

  • Dividend stability

    No dividend.

  • Earnings cover

    No dividend.

  • Cash-flow cover

    No dividend.

Scores of similar companies

Fair value

How we estimate it

Our estimate per share

$91.68

The share price is 7% below this estimate.

20%+ below
Near fair value
20%+ above
$85.69Price
MethodMultiple usedOwn 5Y medianIndustry medianValue per shareWeight
P/E40.3×50.1×30.4×$95.9350%
P/B10.3×15.5×5.0×$87.4350%
Fair value$91.68100%

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Own 5-year median 50.1
  • Insurance Agents, Brokers, and Service median 30.4

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Medium risk

Average value traded per day
$14.45M
Value traded per 1% price move
$11.32M

Downside

High risk

Typical loss in a bad month
31.2%
Volatility (annualized)
41%
Sharpe ratio, 1 year
0.15
Beta to the S&P 500 (5Y)
0.68

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2012 to 2026

Gross margin

24.3%+1.9 pts over 5 years

Net margin

11.5%+3.1 pts over 5 years

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