In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Old Dominion Freight Line's net current asset value per share for the quarter that ended in Mar. 2026 was MXN-28.67.
The historical rank and industry rank for Old Dominion Freight Line's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Old Dominion Freight Line was 3655.17. The lowest was 113.48. And the median was 415.83.
MEX:ODFL's Price-to-Net-Current-Asset-Value is not ranked *
in the Transportation industry.
Industry Median: 3.93 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Old Dominion Freight Line (MEX:ODFL) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
Old Dominion Freight Line Net Current Asset Value Related Terms
Old Dominion Freight Line Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Old Dominion Freight Line's Net Current Asset Value 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 Net Current Asset Value Chart
MEX:ODFL vs XPO, KNX, SAIA: Net Current Asset Value Comparison
For the Trucking subindustry, Old Dominion Freight Line's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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-Net-Current-Asset-Value vs Transportation Industry
For the Transportation industry and Industrials sector, Old Dominion Freight Line's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Old Dominion Freight Line's Price-to-Net-Current-Asset-Value falls into.
* 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.
What does a Net Current Asset Value of MXN-28.67 mean?
Old Dominion Freight Line (MEX:ODFL) has a Net Current Asset Value of MXN-28.67 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Old Dominion Freight Line and its competitors. Over the past decade, Old Dominion Freight Line's Net Current Asset Value has ranged from 113.48 to 3,655.17. According to the industry distribution chart, Old Dominion Freight Line ranks #999999 out of 358 companies in the Transportation industry.
Is Old Dominion Freight Line's Net Current Asset Value too high?
Old Dominion Freight Line's current Net Current Asset Value is MXN-28.67. Over the past 10 years, this metric has ranged from a low of 113.48 to a high of 3,655.17. Based on the distribution chart, Old Dominion Freight Line ranks #999999 out of 358 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Old Dominion Freight Line has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Old Dominion Freight Line's Net Current Asset Value compare to XPO and KNX?
According to the Transportation industry distribution chart, Old Dominion Freight Line ranks #999999 out of 358 companies for Net Current Asset Value. This places Old Dominion Freight Line in the lower half of its industry. The industry median Net Current Asset Value is 3.93. Historically, Old Dominion Freight Line's own Net Current Asset Value has ranged from 113.48 to 3,655.17 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Current Asset Value for a Transportation company?
The median Net Current Asset Value among Transportation companies is 3.93, based on 358 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Old Dominion Freight Line and its competitors. For the Transportation industry, the median Net Current Asset Value is 3.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Old Dominion Freight Line's current Net Current Asset Value is MXN-28.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Old Dominion Freight Line stock overvalued right now?
Based on GuruFocus' analysis, Old Dominion Freight Line (MEX:ODFL) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN3,187.51, compared to a current price of MXN3,949.95 — trading 23.9% above its estimated fair value. The current Net Current Asset Value is MXN-28.67. Old Dominion Freight Line's overall GF Score™ is 80/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For Old Dominion Freight Line (MEX:ODFL), the current Net Current Asset Value is MXN-28.67 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Old Dominion Freight Line (MEX:ODFL) Overvalued in 2026?
Based on GuruFocus' analysis, Old Dominion Freight Line stock appears to be overvalued.
The current stock price of MXN3,949.95 is trading 23.9% above its estimated GF Value™ of MXN3,187.51.
GuruFocus considers Old Dominion Freight Line to be Modestly Overvalued.
Key valuation signals for MEX:ODFL:
Net Current Asset Value: MXN-28.67
GF Value™: MXN3,187.51 vs. price of MXN3,949.95 (23.9% above fair value)
No single metric tells the full story. See the MEX:ODFL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
80GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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