Old Dominion Freight Line's quarterly market cap
increased
from Jun. 2023 ($40,428 Mil) to Sep. 2023 ($44,669 Mil) but then
declined
from Sep. 2023 ($44,669 Mil) to Dec. 2023 ($44,167 Mil).
Old Dominion Freight Line's annual market cap
declined
from Dec. 2021 ($41,218 Mil) to Dec. 2022 ($31,279 Mil) but then
increased
from Dec. 2022 ($31,279 Mil) to Dec. 2023 ($44,167 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Old Dominion Freight Line's Enterprise Value for Today is $42,328 Mil.
Old Dominion Freight Line Market Cap Historical Data
* 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.
Competitive Comparison of Old Dominion Freight Line's Market Cap
For the Trucking subindustry, Old Dominion Freight Line's Market Cap, along with its competitors' market caps and Market Cap 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's Market Cap Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Old Dominion Freight Line's Market Cap distribution charts can be found below:
* The bar in red indicates where Old Dominion Freight Line's Market Cap falls into.
Old Dominion Freight Line Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
* 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 (NAS:ODFL) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Old Dominion Freight Line Market Cap Related Terms
Thank you for viewing the detailed overview of Old Dominion Freight Line's Market Cap 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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