Old Dominion Freight Line, Inc. (ODFL) stock analysis

P/E below its 5-year median

Old Dominion Freight Line's P/E of 30.7 is below its own 5-year median of 32.2.

P/E below the industry

Old Dominion Freight Line's P/E of 30.7 is below the Trucking and Courier Services, except Air median of 34.1.

EV/EBITDA below its 5-year median

Old Dominion Freight Line's EV/EBITDA of 18.3 is below its 5-year median of 20.0.

P/B above the industry

Old Dominion Freight Line's price-to-book of 7.57 is above the Trucking and Courier Services, except Air median of 1.83.

Trading above fair value

The share price of $170.50 is above our fair value estimate of $151.53.

Margin of safety under 20%

The price is 12.5% above fair value, so there is no margin of safety.

Revenue growing under 10% a year

Revenue grew -4.2% a year over the last three fiscal years, short of the 10% we look for.

EPS growing under 10% a year

Diluted EPS grew -7.4% a year over the last three fiscal years.

Earnings growth accelerating

Net income grew 9.9% over the last twelve months, against a 5-year average of 8.8% a year.

Growing slower than the industry

Revenue grew 3.8% over the last twelve months; the Trucking and Courier Services, except Air median is 7.6%.

Guidance raised

Old Dominion Freight Line raised its 2026 aggregate capital expenditures outlook on Jul 29, 2026.

Gross margin trend

This company does not report gross profit.

Return on equity over 15%

Return on equity was 26.0% over the last twelve months and averaged 30.1% over five years.

Return on capital over 10%

Return on invested capital was 27.2%, above the 10% that usually covers the cost of capital.

Return on equity above the industry

Old Dominion Freight Line's return on equity of 26.0% is above the Trucking and Courier Services, except Air median of 3.4%.

Earnings grew over 5 years

Net income grew 8.8% a year on average over the last five fiscal years.

Net margin below its 5-year average

Net margin was 20.1% over the last twelve months, against a 5-year average of 20.4%.

Net margin above the industry

Old Dominion Freight Line's net margin of 20.1% is above the Trucking and Courier Services, except Air median of 2.1%.

Low debt

Debt is 0.4% of shareholders' equity, under the 40% we consider low.

Debt falling against equity

Debt to equity fell from 3.0% five years ago to 0.4%.

Debt covered by cash flow

Operating cash flow over the last twelve months equals 7131% of total debt.

Interest coverage

Interest expense is not reported separately.

Short-term assets cover short-term debts

Current assets are 2.04 times current liabilities.

Low bankruptcy risk

The Altman Z-score is 20.37; above 3 is the safe zone and below 1.8 the distress zone.

Pays a dividend

Old Dominion Freight Line paid dividends worth 0.7% of the share price over the last twelve months.

Yield below Treasuries

The 0.7% yield is below the 4.4% on a 1-year Treasury.

Yield below the top quarter

The top quarter of US dividend payers yield 3.8% or more; Old Dominion Freight Line yields 0.7%.

Dividend not cut

The dividend per share has not fallen by more than 10% in any of the last 10 fiscal years.

Covered by earnings

Dividends take 20.6% of net income.

Covered by free cash flow

Dividends take 20.4% of free cash flow.