CORVEL CORP (CRVL)

Insurance Agents, Brokers & Service

Latest Price

$72.18

TTM P/E

Normalized P/E

23.01

Div Yield

Book Value

8.05

P/B Ratio

8.97

Valuation metrics

EPS: $2.14

Book value / share: $7.74

Formula: √(22.5 × EPS × BVPS)

Graham Number

$19.31

73% downside

Norm. op. income: $85M (median of 7yr)

Tax rate: 22%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$17.61

76% downside

Base FCF: $70M (median of recent 5yr)

Growth: 25%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$106.90

+48% upside

EPS: $2.14

Target P/E: 23×

Formula: EPS × P/E

P/E Fair Value

$49.22

32% downside

54.3% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	5.14M	$321.0M	10.16%	+262.5K	2026-06-30
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC	4.55M	$284.0M	9.00%	-319.8K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	1.72M	$107.0M	3.40%	+28.5K	2026-06-30
RENAISSANCE TECHNOLOGIES LLC	1.53M	$95.0M	3.02%	-88.3K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	1.30M	$81.0M	2.57%	+1.3K	2026-06-30
STATE STREET CORP	1.29M	$80.0M	2.55%	+80.1K	2026-06-30
DIMENSIONAL FUND ADVISORS LP	1.14M	$71.0M	2.25%	-24.4K	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	1.01M	$63.0M	2.00%	+76.0K	2026-06-30
MORGAN STANLEY	655.7K	$40.0M	1.30%	-39.2K	2026-06-30
WELLS FARGO & COMPANY/MN	453.1K	$28.0M	0.90%	-8.8K	2026-06-30