Erie Indemnity
ERIE
#883
Rank
$21.38 B
Marketcap
$408.90
Share price
0.18%
Change (1 day)
80.23%
Change (1 year)

P/E ratio for Erie Indemnity (ERIE)

P/E ratio as of March 2024 (TTM): 47.5

According to Erie Indemnity's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 47.4616. At the end of 2022 the company had a P/E ratio of 38.8.

P/E ratio history for Erie Indemnity from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202238.828.9%
202130.1-22.78%
202039.059.69%
201924.413.35%
201821.5-25.05%
201728.715.76%
201624.8-2.67%
201525.50.87%
201425.319.64%
201321.13.5%
201220.4-9.87%
201122.710.39%
201020.510.45%
200918.6-33.83%
200828.1105.11%
200713.7-18.53%
200616.816.25%
200514.5-2.65%
200414.98.28%
200313.71.37%
200213.5-39.89%
200122.5

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
31.7-33.18%๐Ÿ‡บ๐Ÿ‡ธ USA
13.4-71.71%๐Ÿ‡บ๐Ÿ‡ธ USA
6.53-86.24%๐Ÿ‡บ๐Ÿ‡ธ USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.