As of May 2, 2024, the Old Dominion Freight Line stock's price-to-earnings ratio is 32.35. This results from the current EPS of $5.67 and stock price of $183.4. The current PE ratio is nearly equal to the average from the previous four quarters.
The PE ratio of Old Dominion Freight Line has averaged 25.68 over the last ten years. The current P/E ratio of 32.35 is 26% higher than the historical average. In the past ten years, ODFL's PE ratio peaked in the Dec 2021 quarter at 40.09, when the stock price was $179.19 and the EPS was $4.47. The lowest point was in the Dec 2015 quarter, when it reached 16.55 with a price of $19.69 and an EPS of $1.19.
Maximum annual increase: 54.38% in 2023
Maximum annual decrease: -42.25% in 2022
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 35.74 | 54.38% |
| 2022 | 23.15 | -42.25% |
| 2021 | 40.09 | 17.5% |
| 2020 | 34.12 | 38.08% |
| 2019 | 24.71 | 48.23% |
| 2018 | 16.67 | -28.52% |
| 2017 | 23.32 | -2.95% |
| 2016 | 24.03 | 45.2% |
| 2015 | 16.55 | -34.14% |
| 2014 | 25.13 | 13.76% |
ODFL's current P/E ratio is above the 3, 5 and 10-year averages.
ODFL's PE ratio stands lower than its peer stocks KNX and HTLD, but it is higher than FDX's and JBHT's. Old Dominion Freight Line is presently trading at a higher PE ratio (32.35) than its peer group average of 26.65.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ARCB Arcbest Corp | 13.84 | $2.65B |
| FDX Fedex Corp | 14.97 | $64.48B |
| WERN Werner Enterprises Inc | 20.19 | $2.27B |
| JBHT Hunt J B Transport Services Inc | 25.88 | $16.98B |
| SAIA Saia Inc | 29.29 | $10.79B |
| ODFL Old Dominion Freight Line Inc | 32.35 | $39.92B |
| HTLD Heartland Express Inc | 55.74 | $837.14M |
| KNX Knight-Swift Transportation Holdings Inc | 69.22 | $7.61B |
The price to earnings ratio for ODFL stock as of May 2, 2024, stands at 32.35.
As an average over the last 3 years, ODFL stock has a PE ratio of 30.86.
As an average over the last 5 years, ODFL stock has a PE ratio of 30.04.
In the last ten years, the Dec 2021 quarter recorded the highest quarterly PE ratio at 40.09.
ODFL's price to earnings ratio is currently 26% above its 10-year historical average.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (May 2, 2024), Old Dominion Freight Line's stock price is $183.4. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $5.67. Therefore, Old Dominion Freight Line's PE ratio for today is 32.35. PE RATIO(32.35) = STOCK PRICE($183.4) / TTM EPS($5.67)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.