Enterprise Value to EBITDA (EV/EBITDA)
Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
Old Dominion Freight Line Inc., EBITDA calculation
US$ in thousands
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
| Item | Description | The company |
|---|---|---|
| EBITDA | To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital. | Old Dominion Freight Line Inc. EBITDA increased from 2020 to 2021 and from 2021 to 2022. |
Enterprise Value to EBITDA Ratio, Current
Old Dominion Freight Line Inc., current EV/EBITDA calculation, comparison to benchmarks
| Selected Financial Data (US$ in thousands) | |
| Enterprise value (EV) | 44,348,423) |
| Earnings before interest, tax, depreciation and amortization (EBITDA) | 2,118,978) |
| Valuation Ratio | |
| EV/EBITDA | 20.93 |
| Benchmarks | |
| EV/EBITDA, Competitors1 | |
| FedEx Corp. | 6.89 |
| Uber Technologies Inc. | 30.38 |
| Union Pacific Corp. | 14.51 |
| United Airlines Holdings Inc. | 4.86 |
| United Parcel Service Inc. | 9.98 |
| EV/EBITDA, Sector | |
| Transportation | 15.23 |
| EV/EBITDA, Industry | |
| Industrials | 20.35 |
Based on: 10-K (reporting date: 2022-12-31).
1 Click competitor name to see calculations.
If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.
Enterprise Value to EBITDA Ratio, Historical
Old Dominion Freight Line Inc., historical EV/EBITDA calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Enterprise value (EV)1 | 37,494,435) | 31,829,677) | 24,779,831) | 16,081,385) | 12,064,500) | |
| Earnings before interest, tax, depreciation and amortization (EBITDA)2 | 2,118,978) | 1,650,049) | 1,165,413) | 1,078,007) | 1,046,059) | |
| Valuation Ratio | ||||||
| EV/EBITDA3 | 17.69 | 19.29 | 21.26 | 14.92 | 11.53 | |
| Benchmarks | ||||||
| EV/EBITDA, Competitors4 | ||||||
| FedEx Corp. | 7.33 | 8.22 | 10.09 | 12.96 | — | |
| Uber Technologies Inc. | — | 227.40 | — | — | — | |
| Union Pacific Corp. | 12.56 | 15.46 | 15.65 | — | — | |
| United Airlines Holdings Inc. | 6.23 | 21.49 | — | — | — | |
| United Parcel Service Inc. | 8.83 | 9.55 | 30.22 | — | — | |
| EV/EBITDA, Sector | ||||||
| Transportation | 13.09 | 12.72 | 50.43 | — | — | |
| EV/EBITDA, Industry | ||||||
| Industrials | 16.56 | 16.44 | 30.51 | — | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
3 2022 Calculation
EV/EBITDA = EV ÷ EBITDA
= 37,494,435 ÷ 2,118,978 = 17.69
4 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| EV/EBITDA | Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock. | Old Dominion Freight Line Inc. EV/EBITDA ratio decreased from 2020 to 2021 and from 2021 to 2022. |