# Erie Indemnity Company (ERIE) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Financial Services / Insurance. Price $252.80, market value $13.2 billion.

## Valuation
- **P/E (trailing): 22.9×**. Erie Indemnity Company trades at 22.9× trailing earnings. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 18.0×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 3.2×**. Each dollar of revenue is priced at 3.2×.
- **Price / book: 5.4×**. The shares trade at 5.4× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: 4.2%**. Free cash flow equals 4.2% of the market value.
- **Earnings yield: 4.4%**. The inverse of the P/E: 4.4% of the price is earned each year.

## Profitability
- **Operating margin: 17.9%**. 17.9% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 13.8%**. 13.8% of each dollar of sales reaches the bottom line.
- **Return on equity: 24.5%**. 24.5% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 25.5%**. Return on all capital, debt included, is 25.5%: comfortably above what that capital costs.
- **Return on assets: 17.2%**. Each dollar of assets produces 17.2% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 7.2%** (3-yr 12.7%/yr, 5-yr 9.9%/yr). Revenue grew 7.2% over the last year, against 9.9% a year compounded over five years: growth is slowing.
- **Free-cash-flow growth (3 yr): 24.1%/yr**. Free cash flow has compounded at 24.1% a year over three years.

## Financial health
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 2.31%** ($5.75 per share, trailing). Erie Indemnity Company yields 2.31%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 45%** (48% of free cash flow). 45% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 4**. 4 straight years of increases.
- **Dividend growth (5 yr): -1.4%/yr** (1-yr 7.1%). The dividend has not grown over five years.

## Price and momentum
- **Total return (1 yr): -23.3%** (YTD -10.3%, 3-mo 11.9%). The shares are down 23.3% over twelve months including dividends.
- **From 52-week high: -26.0%** (23.5% above the low). Trading 26% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 49**. An RSI of 49 is neutral.
- **Beta (1 yr): -0.35** (volatility 37%). Beta of -0.35 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=ERIE · Page: https://foliofundamentals.com/stocks/erie

Not investment advice.