Erie Indemnity
ERIE
#1110
Rank
$14.23 B
Marketcap
$272.23
Share price
-2.80%
Change (1 day)
48.49%
Change (1 year)

P/E ratio for Erie Indemnity (ERIE)

P/E ratio as of December 2022 (TTM): 44.2

According to Erie Indemnity's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 44.2233. At the end of 2021 the company had a P/E ratio of 30.1.

P/E ratio history for Erie Indemnity from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202130.1-22.78%
202039.059.69%
201924.413.35%
201821.5-25.05%
201728.7
201525.50.87%
201425.3

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
31.7-28.29%๐Ÿ‡บ๐Ÿ‡ธ USA
12.0-72.92%๐Ÿ‡บ๐Ÿ‡ธ USA
4.29-90.30%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.