![]() For more than 85 years, Old Dominion has been helping the world keep promises. In addition to its core LTL services, the Company offers a range of value-added services including container drayage, truckload brokerage, supply chain consulting and warehousing. Through strategic alliances, the Company also provides LTL services throughout North America. Our service offerings, which also include ground and air expedited transportation, are provided through a network of more than 238 service centers located throughout the continental United States. is a leading, less-than-truckload (“LTL”), union-free motor carrier providing regional, inter-regional and national LTL services through a single integrated organization. If you find data inaccuracies kindly let us know using the contact form so that we can act promptly.Old Dominion Freight Line, Inc. We have validated the data to the best of our knowledge. If you wish to do a historical analysis spanning the past several years, the historical market cap report of ODFL will help you. Recommended Report For Further Reading: Current analysis focussed on the recent net worth of ODFL. (This metric is a projection of the competitiveness of a company.) We hope the above report will help you do a similar competitive analysis for OLD DOMINION FREIGHT LINE. Investors and economists use the net worth metric to compare and evaluate organizations. ![]() (The GDP of Paraguay was $38.987 Billion.) Conclusion OLD DOMINION FREIGHT LINE net worth is closest to the GDP of Paraguay. Observation: Which country's GDP is closest to ODFL's Net Worth? OLD DOMINION FREIGHT LINE Net Worth ($28.949 Billion) Vs GDP (%) The final column displays the 2022 net worth of OLD DOMINION FREIGHT LINE as a percentage of the GDP of the countries. The second column contains the GDP values for the year 2021. The first column of the below table lists the country names. Higher the net worth of an organization, the greater will be the impact on GDP. Every organization and even individual has a role to play in improving and sustaining the GDP of the respective country. Note: GDP or Gross Domestic Produce is the most commonly used metric to assess the size of an economy. In short you will know how rich or big is OLD DOMINION FREIGHT LINE. Here we are going to compare the net worth of ODFL with the GDP of some of the biggest economies. The final column shows how the current week's value fared against the previous. The second column displays the net worth of OLD DOMINION FREIGHT LINE Corresponding to every week. The below table contains a sample of data used to build the above chart. The below chart uses the weekly market cap values of ODFL. Provided the number of outstanding shares does not change, higher share prices will drive up the market cap. Net worth usually oscillates on lines with the share price. Note: You know share price is a volatile metric. Now let us see a chart tracking the net worth for ODFL since the beginning of 2022 till. However, we will be using the "market value" method stated in the first paragraph of this section. The second approach to calculate net worth is to find the difference between total assets and total liabilities. share price of OLD DOMINION FREIGHT LINE for computation.) (The calculation for quarterly net worth is similar to that for monthly value with one exception. ODFL's net worth for the quarter Q1-2022 was $35.734 Billion. Product of above two values = $28.949 Billion. ![]() ![]() The average share price of ODFL during the week 39-2022 = $251.35. Number of outstanding shares of OLD DOMINION FREIGHT LINE = 115172776.00. The net worth of OLD DOMINION FREIGHT LINE for the Week 39-2022 was $28.949 Billion.īelow is a breakdown of the former calculation. Now let us see the most recent net worth value of OLD DOMINION FREIGHT LINE based on the time frame of analysis of this report. We will be using this approach throughout this report. Investors usually call this as market value or market cap. The most common way to calculate net worth for a certain period is to multiply the number of outstanding shares with the average share price for the same period. Both are different in approach and principle. Investors calculate net worth in two different ways leading to two different results. ![]()
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