Old Dominion Valuation

ODFL Stock  USD 193.21  7.70  4.15%   
At this time, the company appears to be undervalued. Old Dominion Freight holds a recent Real Value of $204.71 per share. The prevailing price of the company is $193.21. Our model determines the value of Old Dominion Freight from analyzing the company fundamentals such as Return On Equity of 0.24, shares outstanding of 209.1 M, and Operating Margin of 0.23 % as well as examining its technical indicators and probability of bankruptcy. Key fundamental drivers impacting Old Dominion's valuation include:
Price Book
9.3712
Enterprise Value
40.3 B
Enterprise Value Ebitda
29.612
Price Sales
7.3879
Forward PE
38.3142
Undervalued
Today
193.21
Please note that Old Dominion's price fluctuation is very steady at this time. Calculation of the real value of Old Dominion Freight is based on 3 months time horizon. Increasing Old Dominion's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
The fair value of the Old stock is determined by what a typical buyer is willing to pay for full or partial control of Old Dominion Freight. Since Old Dominion is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Old Stock. However, Old Dominion's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
Historical Market  193.21 Real  204.71 Target  195.83 Hype  196.24
The intrinsic value of Old Dominion's stock can be calculated using various methods such as discounted cash flow or dividend analysis. That value may differ from its market price, which is determined by factors such as investor sentiment, market trends, headlines, and other external factors that may influence Old Dominion's stock price.
173.89
Downside
204.71
Real Value
207.42
Upside
Estimating the potential upside or downside of Old Dominion Freight helps investors to forecast how Old stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Old Dominion more accurately as focusing exclusively on Old Dominion's fundamentals will not take into account other important factors:
Earnings
Estimates
LowProjectedHigh
1.001.061.14
Details
Hype
Prediction
LowEstimatedHigh
173.89196.24198.95
Details
25 Analysts
Consensus
LowTarget PriceHigh
178.21195.83217.37
Details
Traditionally, analysts and sophisticated investors use multiple methods for valuing a cash-flow-generating entity or its stock. For example, some money managers use Old Dominion's intrinsic value based on its ongoing forecasts of Old Dominion's financial statements. In contrast, other private, professional wealth advisors use a multiplier approach by looking to relative value analysis against Old Dominion's closest peers.

Old Dominion Cash

78.09 Million

Old Revenue by Product

Old Dominion Total Value Analysis

Old Dominion Freight is now forecasted to have valuation of 40.32 B with market capitalization of 40.61 B, debt of 39.99 M, and cash on hands of 375.56 M. Please note that valuation may be misleading and is a subject to auditing or accounting errors. We encourage investors to vigilantly validate all of the Old Dominion fundamentals before making equity appraisal based on enterprise value of the company
  Takeover PriceMarket CapDebt ObligationsCash
40.32 B
40.61 B
39.99 M
375.56 M

Old Dominion Investor Information

About 82.0% of the company shares are owned by institutional investors. The company last dividend was issued on the 4th of March 2026. Old Dominion Freight had 2:1 split on the 28th of March 2024. Based on the analysis of Old Dominion's profitability, liquidity, and operating efficiency, Old Dominion Freight is doing better financially today then in previous quarter. It has a moderate risk of reporting better financial numbers in March.
Current ValueLast YearChange From Last Year 10 Year Trend
Operating Profit Margin0.260.2476
Sufficiently Up
Slightly volatile
Total Cash From Operating ActivitiesB1.9 B
Sufficiently Up
Slightly volatile
Operating Income1.4 B1.4 B
Sufficiently Up
Slightly volatile

Old Dominion Asset Utilization

The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Old Dominion has an asset utilization ratio of 100.48 percent. This suggests that the Company is making $1.0 for each dollar of assets. An increasing asset utilization means that Old Dominion Freight is more efficient with each dollar of assets it utilizes for everyday operations.
 
Oil Shock
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
 
Interest Hikes

Old Dominion Profitability Analysis

Considering Old Dominion's profitability and operating efficiency indicators, Old Dominion Freight is performing exceptionally good at this time. It has a great risk to showcase excellent profitability results in March. Profitability indicators assess Old Dominion's ability to earn profits and add value for shareholders.
 
Net Income  
First Reported
1990-03-31
Previous Quarter
270.9 M
Current Value
229.5 M
Quarterly Volatility
102.5 M
 
Oil Shock
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
 
Interest Hikes
Gross Profit is expected to rise to about 1.9 B this year. Pretax Profit Margin is expected to rise to 0.26 this year
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.610.3215
Way Up
Pretty Stable
Net Profit Margin0.20.1863
Notably Up
Slightly volatile
Operating Profit Margin0.260.2476
Sufficiently Up
Slightly volatile
Pretax Profit Margin0.260.2477
Sufficiently Up
Slightly volatile
Return On Assets0.20.1871
Notably Up
Slightly volatile
Return On Equity0.130.2375
Way Down
Slightly volatile
For Old Dominion profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Old Dominion Freight to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Old Dominion utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Old Dominion's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Old Dominion over time as well as its relative position and ranking within its peers.

Old Dominion Earnings per Share Projection vs Actual

The next projected EPS of Old Dominion is estimated to be 1.06 with future projections ranging from a low of 1.0 to a high of 1.14. Old Dominion's most recent 12-month trailing earnings per share (EPS TTM) is at 4.85. Please be aware that the consensus of earnings estimates for Old Dominion Freight is based on EPS before non-recurring items and includes expenses related to employee stock options.
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
 
Interest Hikes
Old Dominion is projected to generate 1.06 in earnings per share on the 31st of March 2026. Old Dominion earnings estimates show analyst consensus about projected Old Dominion EPS (Earning Per Share). It derives the highest and the lowest estimates based on Old Dominion's historical volatility. Many public companies, such as Old Dominion, manage the perception of their earnings on a regular basis to make sure that analyst estimates are accurate. Future earnings calculations are also an essential input when attempting to value a firm.

Old Dominion Earnings Estimation Breakdown

The calculation of Old Dominion's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Old Dominion is estimated to be 1.06 with the future projection ranging from a low of 1.0 to a high of 1.14. Please be aware that this consensus of annual earnings estimates for Old Dominion Freight is based on EPS before non-recurring items and includes expenses related to employee stock options.
Last Reported EPS
1.09
1.00
Lowest
Expected EPS
1.06
1.14
Highest

Old Dominion Earnings Projection Consensus

Suppose the current estimates of Old Dominion's value are higher than the current market price of the Old Dominion stock. In this case, investors may conclude that Old Dominion is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Old Dominion's stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyLast Reported EPSEstimated EPS for 31st of March 2026Current EPS (TTM)
2696.46%
1.09
1.06
4.85

Old Dominion Ownership Allocation

Old Dominion owns a total of 209.1 Million outstanding shares. The majority of Old Dominion Freight outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Old Dominion Freight to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Old Dominion. Please pay attention to any change in the institutional holdings of Old Dominion Freight as this could imply that something significant has changed or is about to change at the company. On November 14, 2025, Representative Ro Khanna of US Congress acquired under $15k worth of Old Dominion Freight's common stock.

Old Dominion Profitability Analysis

The company reported the previous year's revenue of 5.5 B. Net Income was 1.19 B with profit before overhead, payroll, taxes, and interest of 2.14 B.

Old Dominion Past Distributions to stockholders

About Old Dominion Valuation

We use absolute and relative valuation methodologies to arrive at the intrinsic value of Old Dominion Freight. In general, an absolute valuation paradigm, as applied to this company, attempts to find the value of Old Dominion Freight based exclusively on its fundamental and basic technical indicators. By analyzing Old Dominion's financials, quarterly and monthly indicators, and their related drivers, we attempt to find the most accurate representation of Old Dominion's intrinsic value. As compared to an absolute model, our relative valuation model uses a comparative analysis of Old Dominion. We calculate exposure to Old Dominion's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of Old Dominion's related companies.
Last ReportedProjected for Next Year
Gross Profit1.8 B1.9 B
Pretax Profit Margin 0.25  0.26 
Operating Profit Margin 0.25  0.26 
Net Profit Margin 0.19  0.20 
Gross Profit Margin 0.32  0.61 

Old Dominion Quarterly Retained Earnings

4.01 Billion

Old Dominion's stock price is the clearest measure of market expectations about its performance. Without stock valuation, investors cannot independently discern whether Old Dominion's value is low or high relative to the company's performance and growth projections. Determining the market value of Old Dominion can be done in different ways, such as multiplying its stock price by its outstanding shares.
A single share of Old Dominion represents a small ownership stake in the entity. As a stockholder of Old, your percentage of company ownership is determined by dividing the number of shares you own by the total number of shares outstanding and then multiplying that amount by 100. Owning stock in a company generally confers both corporate voting rights and income from any dividends paid to the stock owner.

Old Dominion Dividends Analysis For Valuation

At this time, Old Dominion's Dividend Yield is quite stable compared to the past year. Dividend Payout Ratio is expected to rise to 0.29 this year, although the value of Dividends Paid is projected to rise to (191.2 M). . At this time, Old Dominion's Retained Earnings are quite stable compared to the past year. Price Earnings Ratio is expected to rise to 37.65 this year, although the value of Retained Earnings Total Equity will most likely fall to about 2.1 B.
Last ReportedProjected for Next Year
Dividends Paid-201.3 M-191.2 M
Dividend Yield 0.01  0.01 
Dividend Payout Ratio 0.23  0.29 
Dividend Paid And Capex Coverage Ratio 1.50  0.90 
There are various types of dividends Old Dominion can pay to its shareholders, and the actual value of the dividend is determined on a per-share basis. It is to be paid equally to all of Old shareholders on a specific date, known as the payable date. The cash dividend is the most common type of dividend payment - it is the payment of actual cash from Old Dominion Freight directly to its shareholders. There are other types of dividends that companies can issue, such as stock dividends or asset dividends. When Old pays a dividend, it has no impact on its enterprise value. It does, however, lowers the Equity Value of Old Dominion by the value of the dividends paid out.

Old Dominion Growth Indicators

Investing in growth stocks can be very risky. If the company such as Old Dominion does not do well, investors take a loss on the stock when it is time to sell. Also, because growth stocks typically do not pay dividends, the only opportunity an investor has to make money on their investment is when they eventually sell their shares.
Common Stock Shares Outstanding209.9 M
Quarterly Earnings Growth Y O Y-0.112
Forward Price Earnings38.3142

Old Dominion Current Valuation Indicators

Old Dominion's valuation analysis is a process of estimating the intrinsic value of all assets and outstanding equities. There are different methodologies and models we use to develop the final Old Dominion's valuation. The techniques such as discounted cash flow and fundamental indicators such as book value per share or market capitalization are well known and widely used across most financial advisers and money managers.
Valuations are an essential part of business, for companies themselves, but also for investors. For companies, such as Old Dominion, valuations can help measure their progress and success and can help them track their performance in the market compared to others. In addition, investors can use Old Dominion's valuations to help determine the worth of potential investments. They can do this by using data and information made public by a company. Regardless of who the valuation is for, it essentially describes Old Dominion's worth.
When determining whether Old Dominion Freight is a strong investment it is important to analyze Old Dominion's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Old Dominion's future performance. For an informed investment choice regarding Old Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Old Dominion Freight. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Is Cargo Ground Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Old Dominion. Anticipated expansion of Old directly elevates investor willingness to pay premium valuations. The financial industry is built on trying to define current growth potential and future valuation accurately. Comprehensive Old Dominion assessment requires weighing all these inputs, though not all factors influence outcomes equally.
Quarterly Earnings Growth
(0.11)
Dividend Share
1.12
Earnings Share
4.85
Revenue Per Share
26.107
Quarterly Revenue Growth
(0.06)
Investors evaluate Old Dominion Freight using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Old Dominion's intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. External factors like market trends, sector rotation, and investor psychology can cause Old Dominion's market price to deviate significantly from intrinsic value.
It's important to distinguish between Old Dominion's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Old Dominion should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, Old Dominion's market price signifies the transaction level at which participants voluntarily complete trades.