Stock fact sheet · data as of
CorVel Corporation (CRVL): fair value, margin of safety and Wheel Score
Financial Services · Insurance - Brokers · United States · Blend
Is CRVL undervalued?
CorVel Corporation (CRVL) closed at 80.29 on 16 Oct 2026, 25% above the GLS average fair value of 64.08. Only 3 of the 8 models that produced a number value the shares above the current price. The margin of safety is negative, so the stock fails the "below fair value" rule of the Sunday Scan; a premium of this size is common for companies whose growth the models are conservative about.
There is a wide gap between Graham Number (20.28) and GLS Growth (135.84). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files CRVL under Blend.
Nine valuation models for CRVL
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 33.65 | -58% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 20.28 | -75% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 103.24 | +29% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 43.15 | -46% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 135.84 | +69% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 63.26 | -21% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 88.03 | +10% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 25.22 | -69% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 4.23 | -95% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
CorVel Corporation scores 6 of 9 on the Piotroski F-score: a middling result that passes the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 8.3/10 puts CRVL among the more durable businesses we track: over ten years the metrics the score watches (revenue, EPS, book value, margins, cash flow, ROIC) have mostly moved the right way, year after year.
Returns on capital are high - ROIC 26.1%, ROE 28.0%, ROA 17.2% - with debt at 0.07 times equity and a free-cash-flow yield of 2.8%.
CorVel Corporation pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Patient Management Services 61%, Network Solutions Services 39% (quarter Q1 FY2027).
Institutional ownership scores 7/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded insider buy was on 30 Sep 2026.
| Piotroski F-score | 6 / 9 | ROIC | 26.1% |
|---|---|---|---|
| GLS Moat | 8.3 / 10 | ROE | 28.0% |
| Debt / equity | 0.07 | ROA | 17.2% |
| Free-cash-flow yield | 2.8% | Payout ratio | 0% |
| Institutions | 7 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 58: Fair
A Wheel Score of 58 puts CorVel Corporation in the Fair band - below the 70 the Sunday Scan requires. Value 2/25, Health 13/20, Moat 12/15, Premium 18/20 and Stability 12/20; the weakest part is Value (2/25).
Implied volatility is 33% on the near-the-money contracts 20-60 days out: some premium, but under the 35-60% range the Wheel Score pays full marks for (18 of 20 points). Chain open interest is thin - 33 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 204k shares a day on a market cap of $4.1B, with a beta of 1.05; the Stability part of the Wheel Score gives that 12 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 2 / 25 | -25% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 12 / 15 | moat 8.3/10 | |
| Premium | 18 / 20 | implied volatility 33% | |
| Stability | 12 / 20 | 204k shares/day, $4.1B cap, beta 1.05 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 3 Nov 2026 (before the open), 18 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Insurance - Brokers
The 12 companies below are the closest to CorVel Corporation by market cap within the Insurance - Brokers industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| RYAN Ryan Specialty Holdings, Inc. | 38.00 | 37.02 | -3% | 73Good | $4.6B |
| NP Neptune Insurance Holdings Inc. | 29.45 | 10.62 | -177% | 62Fair | $2.8B |
| BWIN The Baldwin Insurance Group, Inc. | 31.93 | 25.55 | -25% | 45Weak | $2.6B |
| LIFE Ethos Technologies Inc. | 38.76 | 15.70 | -147% | 23Weak | $2.5B |
| GSHD Goosehead Insurance, Inc | 45.60 | 65.62 | +31% | 73Good | $1.7B |
| BRO Brown & Brown, Inc. | 67.98 | 87.34 | +22% | 87Prime | $22.7B |
| WTW Willis Towers Watson Public Limited Company | 297.09 | 377.39 | +21% | 81Prime | $27.6B |
| WDH Waterdrop Inc. | 1.03 | 51.43 | +98% | 39No options | $373M |
| TWFG TWFG, Inc. Common Stock | 24.11 | 27.32 | +12% | 39No options | $311M |
| AON Aon plc | 286.80 | 403.95 | +29% | 89Prime | $60.8B |
| AJG Arthur J. Gallagher & Co. | 250.10 | 152.67 | -64% | 62Fair | $64.1B |
| MRSH Marsh & McLennan Companies, Inc. | 186.54 | 158.32 | -18% | 68Good | $89.0B |
⚖ Compare CRVL with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about CRVL
Is CRVL undervalued right now?
No: at 80.29 the stock trades 25% above the GLS average fair value of 64.08 (data as of 16 Oct 2026). The margin of safety is negative.
What is the Wheel Score of CRVL and what does it mean?
CRVL scores 58 out of 100 (Fair). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for CRVL?
64.08 per share as of 16 Oct 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does CorVel Corporation report earnings next?
The next earnings report is due on 3 Nov 2026 (before the open), 18 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does CRVL have listed options, and how liquid are they?
Yes. The nightly snapshot found 124 listed contracts with 33 open interest across all expiries and implied volatility of 33% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.