P/E ratio for Old Dominion Freight Line (ODFL)
P/E ratio as of April 2024 (TTM): 16.3
According to Old Dominion Freight Line 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.2905. At the end of 2021 the company had a P/E ratio of 40.0.
P/E ratio history for Old Dominion Freight Line from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 40.0 | 17.35% |
| 2020 | 34.1 | 37.91% |
| 2019 | 24.7 | 48.27% |
| 2018 | 16.7 | -28.45% |
| 2017 | 23.3 | -3.21% |
| 2016 | 24.1 | 45.64% |
| 2015 | 16.5 | -33.93% |
| 2014 | 25.0 | 13.37% |
| 2013 | 22.1 | 26.53% |
| 2012 | 17.5 | 5.33% |
| 2011 | 16.6 | -29.7% |
| 2010 | 23.6 | -28.18% |
| 2009 | 32.8 | 112.86% |
| 2008 | 15.4 | 28.16% |
| 2007 | 12.0 | -2.49% |
| 2006 | 12.3 | -34.53% |
| 2005 | 18.9 | -13.05% |
| 2004 | 21.7 | 8.79% |
| 2003 | 19.9 | 50.18% |
| 2002 | 13.3 | 49.74% |
| 2001 | 8.86 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 J. B. Hunt
JBHT | 21.5 | 32.16% | 🇺🇸 USA |
 FedEx FDX | 16.1 | -0.99% | 🇺🇸 USA |
 Werner Enterprises
WERN | 14.9 | -8.72% | 🇺🇸 USA |
 Saia
SAIA | 34.8 | 113.64% | 🇺🇸 USA |
 Heartland Express HTLD | 32.8 | 101.42% | 🇺🇸 USA |
 ArcBest ARCB | 16.9 | 3.62% | 🇺🇸 USA |
 Knight-Swift
KNX | 19.9 | 22.05% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.