P/E ratio for Erie Indemnity (ERIE)
P/E ratio as of December 2023 (TTM): 34.4
According to Erie Indemnity's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 34.3767. 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 |
|---|---|---|
| 2022 | 38.8 | 28.9% |
| 2021 | 30.1 | -22.78% |
| 2020 | 39.0 | 59.69% |
| 2019 | 24.4 | 13.35% |
| 2018 | 21.5 | -25.05% |
| 2017 | 28.7 | 15.76% |
| 2016 | 24.8 | -2.67% |
| 2015 | 25.5 | 0.87% |
| 2014 | 25.3 | 19.64% |
| 2013 | 21.1 | 3.5% |
| 2012 | 20.4 | -9.87% |
| 2011 | 22.7 | 10.39% |
| 2010 | 20.5 | 10.45% |
| 2009 | 18.6 | -33.83% |
| 2008 | 28.1 | 105.11% |
| 2007 | 13.7 | -18.53% |
| 2006 | 16.8 | 16.25% |
| 2005 | 14.5 | -2.65% |
| 2004 | 14.9 | 8.28% |
| 2003 | 13.7 | 1.37% |
| 2002 | 13.5 | -39.89% |
| 2001 | 22.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 State Auto Financial STFC | 31.7 | -7.75% | 🇺🇸 USA |
 American Financial Group
AFG | 11.2 | -67.34% | 🇺🇸 USA |
 Genworth Financial
GNW | 6.01 | -82.52% | 🇺🇸 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.