Erie Indemnity (ERIE) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Erie Indemnity

NasdaqGS•Financial Services•Insurance Brokers

$269.67-4.26(-0.02%)After hours

Market Cap

$12.65B

P/E

22.0x

P/S

3.1x

P/B

5.0x

Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. It provides issuance and renewal services; sales related services, including agent compensation and sales and advertising support services; underwriting services that include underwriting and policy processing; and other services consist of customer services and administrative support services, as well as information technology services. The company was incorporated in 1925 and is based in Erie, Pennsylvania.

How this company scores

GoodMetricSide Score: 63/100

Strongest: Profitability (19/25); weakest: Growth (13/25).

Profitability19/25

Growth13/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality16/25

Strengths

Strong marginsHigh ROEInterest easily coveredConsistent free cash flow

No red flags in the last 8 quarters.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 22.0x5y range 19.0x – 44.6x

Currently below its 20-quarter median.

P/S · 3.1x5y range 2.7x – 6.8x

Currently near its 20-quarter median.

P/B · 5.0x5y range 4.4x – 12.8x

Currently below its 20-quarter median.

Price & Volume

Market Cap $12.65B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $4.12B
Q. Revenue: $1.07B
TTM EBITDA: $805.46M
TTM Op. Income: $736.01M
Q. Op. Income: $207.38M
TTM Net Income: $576.14M
Q. Net Income: $181.99M
EPS: $3.91
Shares Out.: $46.19M

$4.12B in TTM revenue grew 2.0% YoY, reaching $1.07B last quarter. TTM EBITDA of $805.46M and TTM operating income of $736.01M show growth is flowing through to the bottom line. TTM net income of $576.14M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 19.4%
Op. Margin: 19.4%
Net Margin: 17.0%

Op. margin of 19.4% is down 0.2% YoY — costs are rising relative to revenue. Net margin at 17.0% Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 22.0x
P/S Ratio: 3.1x
P/B Ratio: 5.0x

At 22.0x P/E, the stock trades within typical market levels. P/S of 3.1x and P/B of 5.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 2% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $3.66B
Cash: $362.69M
Long-Term Debt: N/A
Book Value: $2.55B
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $213.41M
TTM Free Cash Flow: $554.04M
FCF Margin: 13.4%
FCF / Net Income: 1.0

TTM FCF of $554.04M on $213.41M in operating cash flow. The FCF / Net Income ratio of 1.0x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.