Old Dominion Freight Line, Inc. is a less-than-truckload (LTL) motor carriers. Co. provides regional, inter-regional and national LTL services through a single integrated, union-free organization. Its service offerings, which include expedited transportation, are provided through an expansive network of service centers located throughout the continental U.S.. It offers a range of value-added services including container drayage, truckload brokerage, and supply chain consulting. It operates approximately 257 service center locations, of which the Co. owns 233 and leases 24. Its service centers are responsible for the pickup and delivery of freight within their local service area. We show 62 historical shares outstanding datapoints in our ODFL shares outstanding history coverage, used to compute ODFL market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ODFL market cap history over the course of time is important for investors
interested in comparing ODFL's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of ODFL versus a peer is one thing; comparing
ODFL market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like ODFL can fluctuate over the course of history.
With this page we aim to empower investors researching ODFL by allowing them to research the ODFL market cap history. |
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Video: The Importance of Market Cap
