Logo image of ERIE

ERIE INDEMNITY COMPANY-CL A (ERIE) Stock Fundamental Analysis

NASDAQ:ERIE - US29530P1021 - Common Stock

351.47 USD
+1.38 (+0.39%)
Last: 8/27/2025, 3:40:40 PM
Fundamental Rating

7

We assign a fundamental rating of 7 out of 10 to ERIE. ERIE was compared to 143 industry peers in the Insurance industry. ERIE gets an excellent profitability rating and is at the same time showing great financial health properties. ERIE is quite expensive at the moment. It does show a decent growth rate. This makes ERIE very considerable for quality investing!


Dividend Valuation Growth Profitability Health

9

1. Profitability

1.1 Basic Checks

ERIE had positive earnings in the past year.
ERIE had a positive operating cash flow in the past year.
In the past 5 years ERIE has always been profitable.
Each year in the past 5 years ERIE had a positive operating cash flow.
ERIE Yearly Net Income VS EBIT VS OCF VS FCFERIE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

1.2 Ratios

The Return On Assets of ERIE (19.98%) is better than 100.00% of its industry peers.
Looking at the Return On Equity, with a value of 28.61%, ERIE belongs to the top of the industry, outperforming 95.80% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 24.43%, ERIE belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for ERIE is significantly above the industry average of 4.11%.
The last Return On Invested Capital (24.43%) for ERIE is above the 3 year average (22.70%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 19.98%
ROE 28.61%
ROIC 24.43%
ROA(3y)17.39%
ROA(5y)15.86%
ROE(3y)25.89%
ROE(5y)24.91%
ROIC(3y)22.7%
ROIC(5y)20.35%
ERIE Yearly ROA, ROE, ROICERIE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

1.3 Margins

ERIE's Profit Margin of 15.73% is amongst the best of the industry. ERIE outperforms 84.62% of its industry peers.
In the last couple of years the Profit Margin of ERIE has grown nicely.
With a decent Operating Margin value of 17.57%, ERIE is doing good in the industry, outperforming 75.52% of the companies in the same industry.
In the last couple of years the Operating Margin of ERIE has grown nicely.
ERIE has a Gross Margin of 17.57%. This is amongst the best in the industry. ERIE outperforms 87.41% of its industry peers.
In the last couple of years the Gross Margin of ERIE has grown nicely.
Industry RankSector Rank
OM 17.57%
PM (TTM) 15.73%
GM 17.57%
OM growth 3Y13.86%
OM growth 5Y4.33%
PM growth 3Y11.83%
PM growth 5Y4.34%
GM growth 3Y13.86%
GM growth 5Y4.33%
ERIE Yearly Profit, Operating, Gross MarginsERIE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

8

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), ERIE is creating value.
Compared to 1 year ago, ERIE has about the same amount of shares outstanding.
Compared to 5 years ago, ERIE has more shares outstanding
There is no outstanding debt for ERIE. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
ERIE Yearly Shares OutstandingERIE Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M
ERIE Yearly Total Debt VS Total AssetsERIE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

2.2 Solvency

ERIE has an Altman-Z score of 15.30. This indicates that ERIE is financially healthy and has little risk of bankruptcy at the moment.
ERIE has a Altman-Z score of 15.30. This is amongst the best in the industry. ERIE outperforms 99.30% of its industry peers.
ERIE has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 15.3
ROIC/WACC2.74
WACC8.92%
ERIE Yearly LT Debt VS Equity VS FCFERIE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.3 Liquidity

A Current Ratio of 1.47 indicates that ERIE should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.47, ERIE belongs to the top of the industry, outperforming 87.41% of the companies in the same industry.
ERIE has a Quick Ratio of 1.47. This is a normal value and indicates that ERIE is financially healthy and should not expect problems in meeting its short term obligations.
With an excellent Quick ratio value of 1.47, ERIE belongs to the best of the industry, outperforming 87.41% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.47
Quick Ratio 1.47
ERIE Yearly Current Assets VS Current LiabilitesERIE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

6

3. Growth

3.1 Past

ERIE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 17.95%, which is quite good.
ERIE shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 13.63% yearly.
ERIE shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 12.00%.
ERIE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.91% yearly.
EPS 1Y (TTM)17.95%
EPS 3Y26.36%
EPS 5Y13.63%
EPS Q2Q%6.71%
Revenue 1Y (TTM)12%
Revenue growth 3Y12.95%
Revenue growth 5Y8.91%
Sales Q2Q%7.03%

3.2 Future

The Earnings Per Share is expected to grow by 6.51% on average over the next years.
The Revenue is expected to grow by 8.44% on average over the next years. This is quite good.
EPS Next Y10.44%
EPS Next 2Y10.51%
EPS Next 3Y6.51%
EPS Next 5YN/A
Revenue Next Year8.76%
Revenue Next 2Y8.44%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
ERIE Yearly Revenue VS EstimatesERIE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1B 2B 3B 4B
ERIE Yearly EPS VS EstimatesERIE Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 5 10

1

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 29.39, ERIE can be considered very expensive at the moment.
ERIE's Price/Earnings ratio is a bit more expensive when compared to the industry. ERIE is more expensive than 77.62% of the companies in the same industry.
ERIE's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.08.
The Price/Forward Earnings ratio is 25.07, which means the current valuation is very expensive for ERIE.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ERIE indicates a slightly more expensive valuation: ERIE is more expensive than 76.22% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of ERIE to the average of the S&P500 Index (22.67), we can say ERIE is valued inline with the index average.
Industry RankSector Rank
PE 29.39
Fwd PE 25.07
ERIE Price Earnings VS Forward Price EarningsERIE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Compared to the rest of the industry, the Price/Free Cash Flow ratio of ERIE indicates a slightly more expensive valuation: ERIE is more expensive than 69.23% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 32.58
EV/EBITDA N/A
ERIE Per share dataERIE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ERIE does not grow enough to justify the current Price/Earnings ratio.
ERIE has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)2.81
PEG (5Y)2.16
EPS Next 2Y10.51%
EPS Next 3Y6.51%

5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 1.52%, ERIE has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.52, ERIE has a dividend in line with its industry peers.
Compared to the average S&P500 Dividend Yield of 2.34, ERIE is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.52%

5.2 History

The dividend of ERIE is nicely growing with an annual growth rate of 7.09%!
ERIE has been paying a dividend for at least 10 years, so it has a reliable track record.
ERIE has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)7.09%
Div Incr Years3
Div Non Decr Years3
ERIE Yearly Dividends per shareERIE Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 2 3 4 5

5.3 Sustainability

39.35% of the earnings are spent on dividend by ERIE. This is a low number and sustainable payout ratio.
The dividend of ERIE is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP39.35%
EPS Next 2Y10.51%
EPS Next 3Y6.51%
ERIE Yearly Income VS Free CF VS DividendERIE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M
ERIE Dividend Payout.ERIE Dividend Payout, showing the Payout Ratio.ERIE Dividend Payout.PayoutRetained Earnings

ERIE INDEMNITY COMPANY-CL A

NASDAQ:ERIE (8/27/2025, 3:40:40 PM)

351.47

+1.38 (+0.39%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)08-07 2025-08-07/amc
Earnings (Next)10-29 2025-10-29/amc
Inst Owners44.04%
Inst Owner Change19.41%
Ins Owners9.21%
Ins Owner Change0%
Market Cap18.38B
Analysts82.5
Price TargetN/A
Short Float %6.96%
Short Ratio11.74
Dividend
Industry RankSector Rank
Dividend Yield 1.52%
Yearly Dividend4.54
Dividend Growth(5Y)7.09%
DP39.35%
Div Incr Years3
Div Non Decr Years3
Ex-Date10-06 2025-10-06 (1.365)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-10.91%
Min EPS beat(2)-16.06%
Max EPS beat(2)-5.77%
EPS beat(4)1
Avg EPS beat(4)-4.78%
Min EPS beat(4)-16.06%
Max EPS beat(4)3.37%
EPS beat(8)5
Avg EPS beat(8)3.04%
EPS beat(12)7
Avg EPS beat(12)2.94%
EPS beat(16)8
Avg EPS beat(16)0.8%
Revenue beat(2)0
Avg Revenue beat(2)-4.04%
Min Revenue beat(2)-6.43%
Max Revenue beat(2)-1.65%
Revenue beat(4)0
Avg Revenue beat(4)-2.67%
Min Revenue beat(4)-6.43%
Max Revenue beat(4)-0.51%
Revenue beat(8)4
Avg Revenue beat(8)0.23%
Revenue beat(12)8
Avg Revenue beat(12)0.97%
Revenue beat(16)10
Avg Revenue beat(16)0.68%
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)1.35%
EPS NQ rev (3m)-10.92%
EPS NY rev (1m)-0.64%
EPS NY rev (3m)-0.64%
Revenue NQ rev (1m)-2.81%
Revenue NQ rev (3m)-2.81%
Revenue NY rev (1m)-0.66%
Revenue NY rev (3m)-0.66%
Valuation
Industry RankSector Rank
PE 29.39
Fwd PE 25.07
P/S 4.63
P/FCF 32.58
P/OCF 26.7
P/B 8.41
P/tB 8.41
EV/EBITDA N/A
EPS(TTM)11.96
EY3.4%
EPS(NY)14.02
Fwd EY3.99%
FCF(TTM)10.79
FCFY3.07%
OCF(TTM)13.16
OCFY3.75%
SpS75.99
BVpS41.78
TBVpS41.78
PEG (NY)2.81
PEG (5Y)2.16
Profitability
Industry RankSector Rank
ROA 19.98%
ROE 28.61%
ROCE 30.8%
ROIC 24.43%
ROICexc 29.53%
ROICexgc 29.53%
OM 17.57%
PM (TTM) 15.73%
GM 17.57%
FCFM 14.2%
ROA(3y)17.39%
ROA(5y)15.86%
ROE(3y)25.89%
ROE(5y)24.91%
ROIC(3y)22.7%
ROIC(5y)20.35%
ROICexc(3y)26.07%
ROICexc(5y)23.37%
ROICexgc(3y)26.07%
ROICexgc(5y)23.37%
ROCE(3y)28.61%
ROCE(5y)25.66%
ROICexcg growth 3Y18.69%
ROICexcg growth 5Y2.5%
ROICexc growth 3Y18.69%
ROICexc growth 5Y2.5%
OM growth 3Y13.86%
OM growth 5Y4.33%
PM growth 3Y11.83%
PM growth 5Y4.34%
GM growth 3Y13.86%
GM growth 5Y4.33%
F-Score7
Asset Turnover1.27
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 3.13%
Interest Coverage 250
Cash Conversion N/A
Profit Quality 90.25%
Current Ratio 1.47
Quick Ratio 1.47
Altman-Z 15.3
F-Score7
WACC8.92%
ROIC/WACC2.74
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)2.83%
Cap/Sales(5y)3.27%
Profit Quality(3y)81.95%
Profit Quality(5y)85.8%
High Growth Momentum
Growth
EPS 1Y (TTM)17.95%
EPS 3Y26.36%
EPS 5Y13.63%
EPS Q2Q%6.71%
EPS Next Y10.44%
EPS Next 2Y10.51%
EPS Next 3Y6.51%
EPS Next 5YN/A
Revenue 1Y (TTM)12%
Revenue growth 3Y12.95%
Revenue growth 5Y8.91%
Sales Q2Q%7.03%
Revenue Next Year8.76%
Revenue Next 2Y8.44%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y15.44%
EBIT growth 3Y28.6%
EBIT growth 5Y13.62%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y58.57%
FCF growth 3Y24.18%
FCF growth 5Y13.13%
OCF growth 1Y56.47%
OCF growth 3Y14.91%
OCF growth 5Y10.89%