As of today (2024-04-24), Old Dominion Freight Line's share price is $219.28. Old Dominion Freight Line's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $19.54. Hence, Old Dominion Freight Line's Price to Tangible Book Ratio of today is 11.22.
The historical rank and industry rank for Old Dominion Freight Line's Price-to-Tangible-Book or its related term are showing as below:
ODFL'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.99 Med: 4.86 Max: 11.27
Current: 11.22
During the past 13 years, Old Dominion Freight Line's highest Price to Tangible Book Ratio was 11.27. The lowest was 2.99. And the median was 4.86.
ODFL's Price-to-Tangible-Book is ranked worse than 95.45% of 880
companies
in the Transportation industry
Industry Median: 1.38
vs ODFL: 11.22
A closely related ratio is called PB Ratio. As of today, Old Dominion Freight Line's share price is $219.28. Old Dominion Freight Line's Book Value per Sharefor the quarter that ended in Dec. 2023 was $19.54. Hence, Old Dominion Freight Line's P/B Ratio of today is 11.22.
Old Dominion Freight Line Price-to-Tangible-Book Historical Data
The historical data trend for Old Dominion Freight Line's Price-to-Tangible-Book can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Trucking subindustry, Old Dominion Freight Line's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Old Dominion Freight Line Price-to-Tangible-Book Distribution
For the Transportation industry and Industrials sector, Old Dominion Freight Line's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Old Dominion Freight Line's Price-to-Tangible-Book falls into.
Old Dominion Freight Line Price-to-Tangible-Book Calculation
Old Dominion Freight Line's price-to-tangible-book ratio for today is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Old Dominion Freight Line Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Old Dominion Freight Line's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Old Dominion Freight Line (Old Dominion Freight Line) Business Description
Old Dominion Freight Line is the second-largest less than truckload carrier in the United States, with more than 250 service centers and 11,000-plus tractors. It is one of the most disciplined and efficient providers in the trucking industry, and its profitability and capital returns stand head and shoulders above its peers. Strategic initiatives revolve around increasing network density through market share gains and maintaining industry-leading service via steadfast infrastructure investment.
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