Should Investors Hold Old Dominion Stock Despite Its Higher Valuation?

Key Takeaways ODFL supports shareholders through dividends and buybacks while maintaining a low debt profile. Pricing discipline adds strength, but weak freight demand weighs on the company. Driver shortages and economic uncertainty further pressure ODFL's performance.Old Dominion Freight Line, Inc. (ODFL) looks highly unattractive from a valuation standpoint. Considering the forward 12-month price-to-sales ratio (P/S-F12M), ODFL has a forward 12-month P/S-F12M of 5.62X compared with 2.05X for the industry. ...