CorVel Corporation (CRVL) Fair Value & Analysis
Financial Services · US · Market cap $3.2B
CorVel Corporation
CRVL · US
Fair value as of: Aug 13, 2026
From 4 valuation models · updated yesterday
Fair value updated Aug 13, 2026, revised from $47.59 to $39.55 (−16.9%) since Jul 12, 2026. Share price +3.8% over the past month.
A solid business, but screening 39% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case ($49.44). The favourable scenario is already priced in.
- Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range $38.46 – $128.46 · fair‑value band $29.66 – $49.44 · the $64.42 price screens above the $39.55 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
CorVel Corporation (CRVL) currently trades at $64.42, while our model-based Fair Value estimate is $39.55, implying the stock looks roughly 38.6% overvalued today. The Quality Score stands at 68/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, CorVel Corporation generated revenue of $959M at a net margin of 11.5%. Revenue grew 7.4% year over year. It earns a return on equity of 30.8%. The balance sheet holds a net cash position of $212M. Fundamentals as of Aug 13, 2026
Our scenario range runs from $29.66 (bear case) to $49.44 (bull case); at $64.42, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 42% below its 52-week high and 44% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -41% fair-value upside, at -39%, CRVL screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 4 models by family
Widest divergence: Multiples ($34.78) versus Asset-Based ($5.18). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 68 · Market factors (momentum, volatility) 42
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
CorVel Corporation provides workers' compensation, general and auto liability, and hospital bill auditing and payment integrity solutions. It applies technology, including artificial intelligence, machine learning, and natural language processing to enhance the managing of episodes of care and the related health care costs.
Full company description
CorVel Corporation provides workers' compensation, general and auto liability, and hospital bill auditing and payment integrity solutions. It applies technology, including artificial intelligence, machine learning, and natural language processing to enhance the managing of episodes of care and the related health care costs. The company also offers network solutions services, including automated medical fee auditing; preferred provider management and reimbursement; retrospective utilization, facility claim, and professional review; pharmacy, directed care, clearinghouse, independent medical examination, and inpatient medical bill review services, as well as Medicare solutions. In addition, it provides a range of patient management services, such as claims management customers, case management, 24/7 nurse triage, utilization management, vocational rehabilitation, and life care planning, as well as processing of claims for self-insured payors with respect to property and casualty insurance. The company offers solutions to employers, third party administrators, insurance companies, and government agencies to assist them in managing the medical costs and monitoring the quality of care associated with healthcare claims. CorVel Corporation was incorporated in 1987 and is based in Fort Worth, Texas.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
CorVel Corporation reported revenue of $959M in FY2026 versus $646M in FY2022, a compound +10.4%/yr. Reported net income was $110M in FY2026, compounding +13.5%/yr from FY2022.
of which total revenue +6.4 pp · buybacks/dilution −10.6 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
CRVL screens 39% overvalued. Compare with Marsh & McLennan Companies, Inc →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- CorVel Corp (CRVL) (Q1 2027) Earnings Call Highlights: Revenue Surges 11% to $260M, EPS Up 22% ...
- CorVel Q1 Earnings Call Highlights
- CorVel Announces Revenues and Earnings
- CorVel Corporation to Host Live Earnings Release Webcast
Peer Group
Insurance Brokers · 37 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Insurance Brokers median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 46/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Insurance Brokers stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Marsh & McLennan Companies, Inc MRSH | $188.86 | $112.25 | -41% |
| Aon plc AON | $352.36 | $224.91 | -36% |
| Arthur J. Gallagher & Co AJG | $255.46 | $75.58 | -70% |
| Willis Towers Watson Public Limited WTW | $340.29 | $220.92 | -35% |
| Brown & Brown, Inc BRO | $71.06 | $40.43 | -43% |
| Erie Indemnity Company ERIE | $256.64 | $113.32 | -56% |
| PB Fintech Limited POLICYBZR | ₹1,739 | ₹204.86 | -88% |
| Neptune Insurance Holdings NP | $30.77 | $3.52 | -89% |
| Steadfast Group SDF | A$5.27 | A$3.92 | -26% |
| Accelerant Holdings ARX | $13.61 | $18.06 | +33% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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