Old Dominion Freight Line (FRA:ODF) 5-Year Share Buyback Ratio : 2.40% (As of Dec. 2024)

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What is Old Dominion Freight Line 5-Year Share Buyback Ratio?

Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.

5-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past five years. It is calculated as the annualized percentage change in shares outstanding from five years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Old Dominion Freight Line's current 5-Year Share Buyback Ratio was 2.40%.

FRA:ODF's 5-Year Share Buyback Ratio is ranked better than
95.21% of 585 companies
in the Transportation industry
Industry Median: -1.8 vs FRA:ODF: 2.40

Competitive Comparison of Old Dominion Freight Line's 5-Year Share Buyback Ratio

For the Trucking subindustry, Old Dominion Freight Line's 5-Year Share Buyback Ratio, along with its competitors' market caps and 5-Year Share Buyback Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Old Dominion Freight Line's 5-Year Share Buyback Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Old Dominion Freight Line's 5-Year Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where Old Dominion Freight Line's 5-Year Share Buyback Ratio falls into.

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Old Dominion Freight Line 5-Year Share Buyback Ratio Calculation

This is the annualized percentage change in shares outstanding from five years ago to the current year. The annualized percentage change is calculated with least-square regression based on the latest six years of annual data on Shares Outstanding (EOP).

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Old Dominion Freight Line (FRA:ODF) 5-Year Share Buyback Ratio Explanation

A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.

Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.

Old Dominion Freight Line 5-Year Share Buyback Ratio Related Terms

Thank you for viewing the detailed overview of Old Dominion Freight Line's 5-Year Share Buyback Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Old Dominion Freight Line Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Old Dominion Freight Line Inc (FRA:ODF) » Definitions » 5-Year Share Buyback Ratio

Comparable Companies

Traded in Other Exchanges

ODFL:USA ODFL:Mexico 0A7P:UK ODF:Germany O1DF34:Brazil

Address

500 Old Dominion Way, Thomasville, NC, USA, 27360

Website

https://www.odfl.com

Old Dominion Freight Line is the second-largest less-than-truckload carrier in the United States (following FedEx Freight), with more than 250 service centers and 11,000-plus tractors. It is one of the most disciplined and efficient providers in the trucking industry, and its profitability and capital returns are head and shoulders above its peers. Strategic initiatives revolve around boosting network density through market share gains and maintaining industry-leading service (including ultralow cargo claims) via steadfast infrastructure investment.

Old Dominion Freight Line Headlines

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