Old Dominion Freight Line, Inc.

NasdaqGS:ODFL Stock Report

Market Cap: US$40.1b

Old Dominion Freight Line Valuation

Is ODFL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ODFL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ODFL ($181.37) is trading above our estimate of fair value ($152.34)

Significantly Below Fair Value: ODFL is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ODFL?

Key metric: As ODFL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ODFL. This is calculated by dividing ODFL's market cap by their current earnings.
What is ODFL's PE Ratio?
PE Ratio31.1x
EarningsUS$1.25b
Market CapUS$40.08b

Price to Earnings Ratio vs Peers

How does ODFL's PE Ratio compare to its peers?

The above table shows the PE ratio for ODFL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.8x
XPO XPO
42.5x18.4%US$16.9b
JBHT J.B. Hunt Transport Services
30.2x16.2%US$16.9b
UHAL U-Haul Holding
28.9xn/aUS$12.3b
SAIA Saia
33.5x14.0%US$13.1b
ODFL Old Dominion Freight Line
31.1x8.6%US$40.1b

Price-To-Earnings vs Peers: ODFL is good value based on its Price-To-Earnings Ratio (31.1x) compared to the peer average (33.8x).

Price to Earnings Ratio vs Industry

How does ODFL's PE Ratio compare vs other companies in the US Transportation Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
ODFL 31.1xIndustry Avg. 27.2xNo. of Companies4PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ODFL is expensive based on its Price-To-Earnings Ratio (31.1x) compared to the US Transportation industry average (27.2x).

Price to Earnings Ratio vs Fair Ratio

What is ODFL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ODFL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio31.1x
Fair PE Ratio19.1x

Price-To-Earnings vs Fair Ratio: ODFL is expensive based on its Price-To-Earnings Ratio (31.1x) compared to the estimated Fair Price-To-Earnings Ratio (19.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ODFL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$181.37
US$203.91
+12.4%
12.1%US$241.00US$155.00n/a21
Dec ’25US$225.14
US$197.82
-12.1%
12.7%US$241.00US$155.00n/a21
Nov ’25US$200.98
US$190.34
-5.3%
9.1%US$218.00US$155.00n/a21
Oct ’25US$194.75
US$195.46
+0.4%
10.4%US$228.00US$155.00n/a21
Sep ’25US$192.80
US$196.80
+2.1%
10.0%US$228.00US$155.00n/a21
Aug ’25US$203.20
US$196.80
-3.2%
10.0%US$228.00US$155.00n/a21
Jul ’25US$178.70
US$195.94
+9.6%
10.0%US$235.00US$152.00n/a21
Jun ’25US$175.25
US$206.30
+17.7%
10.5%US$245.00US$152.00n/a19
May ’25US$182.49
US$207.03
+13.4%
10.7%US$245.00US$152.00n/a20
Apr ’25US$218.12
US$204.69
-6.2%
11.5%US$257.50US$147.00n/a18
Mar ’25US$222.14
US$202.72
-8.7%
12.0%US$257.50US$147.00n/a18
Feb ’25US$196.10
US$201.55
+2.8%
12.1%US$245.00US$141.00n/a19
Jan ’25US$202.67
US$197.87
-2.4%
10.1%US$223.50US$141.00n/a19
Dec ’24US$202.87
US$202.03
-0.4%
10.6%US$245.00US$141.00US$225.1420
Nov ’24US$195.33
US$203.05
+4.0%
11.6%US$245.00US$137.50US$200.9820
Oct ’24US$204.57
US$204.18
-0.2%
13.6%US$237.50US$137.50US$194.7520
Sep ’24US$217.94
US$202.52
-7.1%
13.7%US$237.50US$131.50US$192.8021
Aug ’24US$206.32
US$202.19
-2.0%
13.8%US$237.50US$131.50US$203.2021
Jul ’24US$184.88
US$162.32
-12.2%
11.5%US$195.50US$112.00US$178.7019
Jun ’24US$158.83
US$160.08
+0.8%
10.5%US$192.50US$111.50US$175.2519
May ’24US$158.87
US$162.97
+2.6%
10.2%US$192.50US$111.50US$182.4918
Apr ’24US$170.42
US$174.21
+2.2%
12.9%US$202.50US$108.50US$218.1217
Mar ’24US$169.31
US$176.36
+4.2%
13.7%US$212.50US$108.50US$222.1418
Feb ’24US$183.81
US$160.00
-13.0%
17.2%US$200.00US$100.50US$196.1017
Jan ’24US$141.89
US$139.97
-1.4%
9.8%US$162.50US$100.50US$202.6717
Dec ’23US$150.45
US$142.22
-5.5%
11.0%US$170.00US$100.50US$202.8718

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 23:07
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Old Dominion Freight Line, Inc. is covered by 41 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John EadeArgus Research Company
Garrett HollandBaird
Ishan MajumdarBaptista Research