Old Dominion Freight Line (LTS:0A7P) Cyclically Adjusted PB Ratio: (As of Aug. 06, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LTS:0A7P Old Dominion Freight Line Inc LTS:0A7P
93 GF Score
Price $222.88
GF Value $193.86
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is Old Dominion Freight Line Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Old Dominion Freight Line  (LTS:0A7P) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Old Dominion Freight Line Cyclically Adjusted PB Ratio Related Terms


Old Dominion Freight Line Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Old Dominion Freight Line's Cyclically Adjusted PB Ratio 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.

Old Dominion Freight Line Cyclically Adjusted PB Ratio Chart

Old Dominion Freight Line Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.80 12.58 15.71 12.14 9.74

Old Dominion Freight Line Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.51 8.89 9.74 11.71 0.00

LTS:0A7P vs XPO, KNX, SAIA: Cyclically Adjusted PB Ratio Comparison

For the Trucking subindustry, Old Dominion Freight Line's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio 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 Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Old Dominion Freight Line's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Old Dominion Freight Line's Cyclically Adjusted PB Ratio falls into.


LTS:0A7P
93GF Score
Old Dominion Freight Line Inc LTS:0A7P
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Old Dominion Freight Line Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Old Dominion Freight Line's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Old Dominion Freight Line's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=21.866/333.9520*333.9520
=21.866

Current CPI (Jun. 2026) = 333.9520.

Old Dominion Freight Line Quarterly Data

Book Value per Share CPI Adj_Book
201609 7.239 241.428 10.013
201612 7.487 241.432 10.356
201703 7.718 243.801 10.572
201706 8.063 244.955 10.992
201709 8.445 246.819 11.426
201712 9.213 246.524 12.480
201803 9.555 249.554 12.786
201806 10.080 251.989 13.359
201809 10.653 252.439 14.093
201812 10.999 251.233 14.620
201903 11.391 254.202 14.965
201906 11.640 256.143 15.176
201909 12.141 256.759 15.791
201912 12.887 256.974 16.747
202003 12.765 258.115 16.515
202006 12.709 257.797 16.463
202009 13.512 260.280 17.337
202012 14.208 260.474 18.216
202103 13.762 264.877 17.351
202106 14.689 271.696 18.055
202109 14.868 274.310 18.101
202112 15.998 278.802 19.163
202203 15.398 287.504 17.886
202206 15.841 296.311 17.853
202209 16.034 296.808 18.041
202212 16.571 296.797 18.645
202303 17.056 301.836 18.871
202306 17.524 305.109 19.181
202309 18.608 307.789 20.190
202312 19.537 306.746 21.270
202403 20.228 312.332 21.628
202406 19.147 314.175 20.352
202409 19.532 315.301 20.687
202412 19.929 315.605 21.088
202503 19.985 319.799 20.869
202506 20.089 322.561 20.798
202509 20.357 324.800 20.931
202512 20.671 324.054 21.302
202603 21.138 330.213 21.377
202606 21.866 333.952 21.866

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Old Dominion Freight Line (LTS:0A7P) Overvalued in 2026?

Based on GuruFocus' analysis, Old Dominion Freight Line stock appears to be overvalued. The current stock price of $222.88 is trading 15% above its estimated GF Value™ of $193.86. GuruFocus considers Old Dominion Freight Line to be Modestly Overvalued.

Key valuation signals for LTS:0A7P:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $193.86 vs. price of $222.88 (15% above fair value)
  • GF Score™: 93/100 with 1 warning sign

No single metric tells the full story. See the LTS:0A7P stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Old Dominion Freight Line Business Description

Address 500 Old Dominion Way, Thomasville, NC, USA, 27360
Old Dominion Freight Line is the second-largest less-than-truckload carrier in the United States (following FedEx Freight), with roughly 260 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 are well above those of its peers. Strategic initiatives focus on increasing network density through market-share gains and on maintaining industry-leading service (including ultralow cargo claims) through steadfast infrastructure investment.
93GF Score

Get the complete analysis for LTS:0A7P

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$222.88
Price
$193.86
GF Value