The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.
Good Sign:
Altman Z-score of 24.64 is strong.
Old Dominion Freight Line has a Altman Z-Score of 24.05, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.
The zones of discrimination were as such:
When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.
The historical rank and industry rank for Old Dominion Freight Line's Altman Z-Score or its related term are showing as below:
MEX:ODFL'
s Altman Z-Score Range Over the Past 10 Years
Min: 5.87 Med: 16.9 Max: 26.1
Current: 24.64
During the past 13 years, Old Dominion Freight Line's highest Altman Z-Score was 26.10. The lowest was 5.87. And the median was 16.90.
Old Dominion Freight Line (MEX:ODFL) Altman Z-Score Explanation
X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.
X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.
X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.
X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.
X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.
* 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.
MEX:ODFL vs XPO, KNX, SAIA: Altman Z-Score Comparison
For the Trucking subindustry, Old Dominion Freight Line's Altman Z-Score, along with its competitors' market caps and Altman Z-Score 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 Altman Z-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Old Dominion Freight Line's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Old Dominion Freight Line's Altman Z-Score falls into.
Old Dominion Freight Line Altman Z-Score Calculation
Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
* 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. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.
Old Dominion Freight Line (MEX:ODFL) has a Altman Z-Score of 24.05 as of Jun. 30, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Old Dominion Freight Line and its competitors. This is 42% above median its historical median of 16.90. Over the past decade, Old Dominion Freight Line's Altman Z-Score has ranged from 5.87 to 26.10. According to the industry distribution chart, Old Dominion Freight Line ranks #10 out of 992 companies in the Transportation industry, placing it in the top 1%.
Is Old Dominion Freight Line's Altman Z-Score too high?
Old Dominion Freight Line's current Altman Z-Score of 24.05 is 42% above median its 10-year median of 16.90. Over the past 10 years, this metric has ranged from a low of 5.87 to a high of 26.10. The Transportation industry median Altman Z-Score is 2.27. Old Dominion Freight Line's value of 24.05 is 959.5% above this industry median. Based on the distribution chart, Old Dominion Freight Line ranks #10 out of 992 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Old Dominion Freight Line has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Old Dominion Freight Line's Altman Z-Score compare to XPO and KNX?
According to the Transportation industry distribution chart, Old Dominion Freight Line ranks #10 out of 992 companies for Altman Z-Score. This places Old Dominion Freight Line in the top 1% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.27. Old Dominion Freight Line's value of 24.05 is 959.5% above this benchmark. Historically, Old Dominion Freight Line's own Altman Z-Score has ranged from 5.87 to 26.10 over the past decade. While the company's 10-year median is 16.90 vs. the industry median of 2.27, Old Dominion Freight Line has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Altman Z-Score for a Transportation company?
The median Altman Z-Score among Transportation companies is 2.27, based on 992 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Old Dominion Freight Line's current Altman Z-Score of 24.05 is 959.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Altman Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Old Dominion Freight Line and its competitors. For the Transportation industry, the median Altman Z-Score is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Old Dominion Freight Line's current Altman Z-Score is 24.05, which is 42% above median its own 10-year median of 16.90. 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 MXN3,202.92, compared to a current price of MXN3,818.50 — trading 19.2% above its estimated fair value. The current Altman Z-Score is 24.05, which is 42% above median its 10-year median of 16.90 and 959.5% above the Transportation industry median of 2.27. Old Dominion Freight Line's overall GF Score™ is 81/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Old Dominion Freight Line (MEX:ODFL), the current Altman Z-Score is 24.05 as of Jun. 30, 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 MXN3,818.50 is trading 19.2% above its estimated GF Value™ of MXN3,202.92.
GuruFocus considers Old Dominion Freight Line to be Modestly Overvalued.
Key valuation signals for MEX:ODFL:
Altman Z-Score: 24.05 (42% above median its 10-year median of 16.90)
GF Value™: MXN3,202.92 vs. price of MXN3,818.50 (19.2% above fair value)
Industry Position: 959.5% above the Transportation median (#10 of 992)
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.
81GF Score
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