Erie Indemnity Company (ERIE) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Insurance - Brokers
EV/EBITDA
↓
12.14
↓-54% vs avg
5yr avg: 26.11
30Y Low2.5·High35.8
P/FCF
↓
17.53
↓-57% vs avg
5yr avg: 41.14
30Y Low5.0·High61.1
P/B Ratio
↓
5.00
↓-41% vs avg
5yr avg: 8.54
30Y Low0.4·High10.9
ROE
↑
26.2%
-1% vs avg
5yr avg: 26.5%
30Y Low2%·High33%
Debt/EBITDA
↓
N/A
—
5yr avg: 0.19
30Y Low0.0·High0.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ERIE Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Erie Indemnity Company trades at 20.4x earnings, 43% below its 5-year average of 35.9x, sitting at the 33rd percentile of its historical range. Compared to the Financial Services sector median P/E of 13.1x, the stock trades at a premium of 55%. On a free-cash-flow basis, the stock trades at 17.5x P/FCF, 57% below the 5-year average of 41.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $10.0B | $15.1B | $21.7B | $17.6B | $11.5B | $8.9B | $12.9B | $9.7B | $7.0B | $7.1B | $6.6B |
| Enterprise Value | $9.7B | $14.8B | $21.5B | $17.5B | $11.5B | $8.8B | $12.9B | $9.5B | $6.9B | $7.0B | $6.4B |
| P/E Ratio → | 20.41 | 26.99 | 35.91 | 39.26 | 43.56 | 33.86 | 43.78 | 27.39 | 27.04 | 32.40 | 28.04 |
| P/S Ratio | 2.46 | 3.71 | 5.72 | 5.40 | 4.04 | 3.38 | 5.10 | 3.91 | 2.95 | 4.21 | 4.12 |
| P/B Ratio | 5.00 | 6.61 | 10.93 | 10.61 | 7.93 | 6.63 | 10.89 | 8.56 | 7.21 | 8.30 | 8.06 |
| P/FCF | 17.53 | 26.45 | 44.65 | 61.14 | 38.43 | 35.04 | 45.08 | 36.95 | 33.89 | 42.33 | 28.73 |
| P/OCF | 14.58 | 21.99 | 35.53 | 46.28 | 31.38 | 22.09 | 37.78 | 26.60 | 26.65 | 36.12 | 25.88 |
P/E links to full P/E history page with 30-year chart
ERIE EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Erie Indemnity Company's enterprise value stands at 12.1x EBITDA, 54% below its 5-year average of 26.1x. The Financial Services sector median is 11.5x, placing the stock at a 6% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.63 | 5.65 | 5.35 | 4.04 | 3.34 | 5.08 | 3.83 | 2.88 | 4.13 | 4.02 |
| EV / EBITDA | 12.14 | 18.53 | 29.27 | 30.83 | 27.15 | 24.79 | 35.83 | 25.34 | 19.17 | 22.88 | 20.80 |
| EV / EBIT | 13.43 | 20.77 | 30.22 | 31.66 | 30.00 | 28.05 | 38.26 | 26.41 | 19.92 | 24.05 | 22.05 |
| EV / FCF | — | 25.85 | 44.10 | 60.65 | 38.36 | 34.68 | 44.86 | 36.12 | 33.09 | 41.49 | 28.01 |
ERIE Profitability
Margins and return-on-capital ratios measuring operating efficiency
Erie Indemnity Company earns an operating margin of 17.7%, below the Financial Services sector average of 21.6%. Operating margins have expanded from 15.9% to 17.7% over the past 3 years, signaling improving operational efficiency. ROE of 26.2% indicates solid capital efficiency, compared to the sector median of 9.4%. ROIC of 29.5% represents excellent returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 15.8% | 15.8% | 17.8% | 15.9% | 13.2% | 12.1% | 13.3% | 14.4% | 14.5% | 17.2% | 18.4% |
| Operating Margin | 17.7% | 17.7% | 17.8% | 15.9% | 13.2% | 12.1% | 13.3% | 14.4% | 14.5% | 17.2% | 18.4% |
| Net Profit Margin | 13.8% | 13.8% | 15.8% | 13.6% | 10.5% | 11.3% | 11.6% | 12.8% | 12.1% | 11.6% | 13.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 26.2% | 26.2% | 32.9% | 28.7% | 21.4% | 23.5% | 25.3% | 30.1% | 31.5% | 23.5% | 26.5% |
| ROA | 17.9% | 17.9% | 22.4% | 18.9% | 13.3% | 13.7% | 14.2% | 16.7% | 16.7% | 12.3% | 14.2% |
| ROIC | 29.5% | 29.5% | 31.3% | 26.5% | 21.0% | 20.1% | 24.9% | 31.1% | 33.9% | 31.8% | 35.5% |
| ROCE | 32.0% | 32.0% | 35.1% | 31.6% | 23.9% | 20.5% | 23.2% | 26.1% | 25.1% | 20.8% | 25.4% |
ERIE Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $346M exceeds total debt of $0, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 0.00 | — | 0.08 | 0.07 | 0.08 | 0.11 | 0.10 | 0.09 | 0.03 |
| Debt / EBITDA | — | — | 0.01 | — | 0.29 | 0.26 | 0.27 | 0.32 | 0.28 | 0.24 | 0.08 |
| Net Debt / Equity | — | -0.15 | -0.13 | -0.09 | -0.01 | -0.07 | -0.06 | -0.19 | -0.17 | -0.16 | -0.20 |
| Net Debt / EBITDA | -0.43 | -0.43 | -0.36 | -0.25 | -0.05 | -0.25 | -0.18 | -0.58 | -0.47 | -0.46 | -0.53 |
| Debt / FCF | — | -0.61 | -0.55 | -0.50 | -0.07 | -0.35 | -0.23 | -0.83 | -0.80 | -0.84 | -0.72 |
| Interest Coverage | — | — | — | — | 190.27 | 76.00 | 460.36 | 419.40 | 139.98 | 234.45 | 2882.23 |
Net cash position: cash ($346M) exceeds total debt ($0)
ERIE Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.27x means Erie Indemnity Company can comfortably meet its short-term obligations, though there is limited excess liquidity.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.27 | 1.27 | 1.43 | 1.31 | 1.10 | 1.21 | — | 1.52 | 2.48 | 3.35 | 3.26 |
| Quick Ratio | 1.27 | 1.27 | 1.43 | 1.31 | 1.11 | 1.21 | — | 1.52 | 2.48 | 3.35 | 3.32 |
| Cash Ratio | 0.40 | 0.40 | 0.40 | 0.32 | 0.23 | 0.35 | 0.29 | 0.63 | 1.42 | 1.26 | 1.22 |
| Asset Turnover | — | 1.21 | 1.31 | 1.32 | 1.27 | 1.17 | 1.20 | 1.23 | 1.34 | 1.02 | 1.03 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
ERIE Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Erie Indemnity Company returns 2.2% to shareholders annually primarily through dividends. A payout ratio of 45.5% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 4.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.2% | 1.7% | 1.1% | 1.3% | 1.8% | 2.2% | 2.1% | 1.7% | 2.2% | 2.0% | 2.1% |
| Payout Ratio | 45.5% | 45.5% | 39.6% | 49.7% | 69.3% | 64.7% | 93.0% | 52.9% | 54.3% | 74.0% | 64.6% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.9% | 3.7% | 2.8% | 2.5% | 2.3% | 3.0% | 2.3% | 3.7% | 3.7% | 3.1% | 3.6% |
| FCF Yield | 5.7% | 3.8% | 2.2% | 1.6% | 2.6% | 2.9% | 2.2% | 2.7% | 3.0% | 2.4% | 3.5% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.2% | 1.7% | 1.1% | 1.3% | 1.8% | 2.2% | 2.1% | 1.7% | 2.2% | 2.0% | 2.1% |
| Shares Outstanding | — | $53M | $53M | $53M | $46M | $46M | $53M | $58M | $53M | $58M | $59M |
Peer Comparison
Compare ERIE with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ERIEYou | $10B | 20.4 | 12.1 | 17.5 | 15.8% | 17.7% | 26.2% | 29.5% | — |
 PGR | $115B | 13.6 | 11.0 | 7.7 | 27.7% | 14.2% | 37.0% | 27.0% | 0.6 |
 ALL | $55B | 5.6 | 4.5 | 5.6 | 33.2% | 19.8% | 39.6% | 29.8% | 0.5 |
 TRV | $65B | 10.9 | 8.6 | — | 44.3% | 16.0% | 20.7% | 15.3% | 1.1 |
 HIG | $36B | 10.0 | 7.9 | 6.3 | 46.1% | 16.8% | 21.7% | 16.3% | 0.8 |
 CNA | $12B | 9.3 | 8.5 | 4.9 | 30.7% | 11.0% | 11.5% | 8.9% | 1.8 |
 CINF | $25B | 10.7 | 7.8 | 8.2 | 50.1% | 23.6% | 16.0% | 15.3% | 0.3 |
 KMPR | $2B | 12.8 | 11.1 | 3.1 | 29.7% | 3.3% | 5.3% | 3.1% | 4.3 |
 SIGI | $5B | 11.3 | 9.6 | 4.1 | 40.9% | 11.0% | 13.9% | 10.9% | 1.4 |
 ACGL | $34B | 8.1 | 6.8 | 5.5 | 37.2% | 25.0% | 19.5% | 15.4% | 0.5 |
 WRB | $25B | 14.9 | 11.0 | 7.2 | 19.8% | 15.9% | 19.6% | 18.2% | 1.2 |
| Financial Services Median | — | 13.1 | 11.5 | 10.6 | 63.6% | 21.6% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonERIE — Frequently Asked Questions
Quick answers to the most common questions about buying ERIE stock.
What is Erie Indemnity Company's P/E ratio?
Erie Indemnity Company's current P/E ratio is 20.4x. The historical average is 25.0x. This places it at the 33th percentile of its historical range.
What is Erie Indemnity Company's EV/EBITDA?
Erie Indemnity Company's current EV/EBITDA is 12.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.3x.
What is Erie Indemnity Company's ROE?
Erie Indemnity Company's return on equity (ROE) is 26.2%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 17.9%.
Is ERIE stock overvalued?
Based on historical data, Erie Indemnity Company is trading at a P/E of 20.4x. This is at the 33th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Erie Indemnity Company's dividend yield?
Erie Indemnity Company's current dividend yield is 2.23% with a payout ratio of 45.5%.
What are Erie Indemnity Company's profit margins?
Erie Indemnity Company has 15.8% gross margin and 17.7% operating margin. Operating margin between 10-20% is typical for established companies.