Expensive and softening.

Trading above fair value while the fundamentals weaken — little to like right now.

Current price
$187.01
Market cap ≈ $40B
Intrinsic value
$87
range $65 – $121
Margin of safety
-54%
above fair value
0 FY16 0 FY17 0 FY18 1 FY19 1 FY20 1 FY21 1 FY22 1 FY23 1 FY24 1 FY25

What the math is really telling you. Watch whether cash flow is compounding — that, more than any single year, is what a value read hangs on.

  • Warning:
    Overvalued
    Fair value ~$87 vs $187 — trading 54% above what the math supports.
  • Warning:
    Price assumes a big acceleration
    You'd need ~15%/yr free-cash-flow growth to justify today's price; it has done 1.4%/yr lately.
  • Warning:
    Revenue shrinking
    Down 5.5% last year — cheap may mean broken.
  • Good:
    Cash flow compounding
    Free cash flow up ~1.4%/yr — the engine is growing.
  • Good:
    Fortress balance sheet
    Net cash positive (+$0B) — little solvency risk.

Where this number comes from →

How this was built. Every figure is computed from Old Dominion Freight Line, Inc.'s SEC filings — no estimates, no AI. Two-stage DCF: 9% discount rate, 5% free-cash-flow growth for 10 years, 2.5% terminal. Free cash flow is operating cash flow less capital spending. Net cash is cash and marketable securities less borrowings, commercial paper and finance leases; operating leases are disclosed but never counted as debt. Fundamentals are from the FY25 annual report and change only when a new one is filed. Price of $187.01 taken 2026-09-08 (Google Finance, manual entry, 2026-09-08) — it is not live and does not move during the day.

TickerMath is an educational tool, not investment advice — it computes one model from SEC filings and can be wrong. How we compute this →