Old Dominion Freight Line is a less-than-truckload (LTL) motor carrier. Co. provides regional, inter-regional and national LTL services through a single integrated, union-free organization. Co.'s service offerings, which include expedited transportation, are provided through a network of service centers located throughout the continental U.S. Through alliances, Co. also provides LTL services throughout North America. In addition to its LTL services, Co. provides a range of services including container drayage, truckload brokerage and supply chain consulting. We show 58 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 Old Dominion Freight Line market cap history over the course of time is important for investors
interested in comparing Old Dominion Freight Line'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 Old Dominion Freight Line versus a peer is one thing; comparing
Old Dominion Freight Line 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 Old Dominion Freight Line can fluctuate over the course of history.
With this page we aim to empower investors researching Old Dominion Freight Line by allowing them to research the Old Dominion Freight Line market cap history. |
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Video: The Importance of Market Cap
