Saturday 17 October 2026
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Erie Indemnity Company
ERIE Financial Insurance Brokers
Erie Indemnity Company’s revenue for fiscal 2025 (year ended December 2025) was $4.1 billion, up 7.17% from fiscal 2024. In the quarter to June 2026, revenue grew 2.80%, EPS grew 3.20% and free cash flow grew 10.2%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years, revenue growth for ten, operating cash flow growth for three; insiders bought in the last twelve months.
243.71
5.02
+2.10%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
24.76 | 28.14 | 21.54 | 24.41 | 38.98 | 30.10 | 38.14 | 35.01 | 32.01 | 23.87 |
Piotroski F-Score |
5 | 5 | 4 | 4 | 5 | 5 | 7 | 8 | 9 | 6 |
P/S ratio |
3.24 | 3.26 | 2.58 | 3.10 | 4.47 | 3.38 | 3.98 | 4.73 | 5.02 | 3.26 |
P/FCF ratio |
23.47 | 32.77 | 28.87 | 29.13 | 39.52 | 35.04 | 37.74 | 53.63 | 39.15 | 23.19 |
P/Operating CF |
52.34 | 71.78 | 68.98 | 60.54 | 104.93 | 64.14 | 88.18 | 104.25 | 98.43 | 77.18 |
P/B ratio |
6.33 | 6.43 | 6.32 | 6.77 | 9.55 | 6.63 | 7.80 | 9.31 | 9.58 | 5.80 |
Price to Tangible BV |
6.33 | 6.43 | 6.32 | 6.77 | 9.55 | 6.63 | 7.80 | 9.31 | 9.58 | 5.80 |
EV/Sales |
3.14 | 3.17 | 2.51 | 3.00 | 4.45 | 3.34 | 3.97 | 4.73 | 4.97 | 3.20 |
EV/EBITDA |
17.05 | 18.50 | 17.40 | 20.79 | 33.35 | 27.69 | 29.98 | 29.72 | 27.90 | 18.16 |
EV/Operating CF |
19.68 | 27.25 | 22.73 | 20.38 | 32.92 | 21.87 | 30.81 | 40.56 | 30.88 | 18.97 |
EV/FCF |
22.73 | 31.93 | 28.09 | 28.22 | 39.29 | 34.68 | 37.70 | 53.58 | 38.80 | 22.81 |
Quick Ratio |
2.00 | 2.07 | 2.04 | 2.02 | 1.58 | 1.61 | 1.43 | 1.45 | 1.68 | 1.73 |
Current Ratio |
2.00 | 2.07 | 2.04 | 2.02 | 1.58 | 1.61 | 1.43 | 1.45 | 1.68 | 1.73 |
Net Debt/EBITDA |
(0.52) | (0.45) | (0.47) | (0.62) | (0.18) | (0.24) | (0.33) | (0.25) | (0.40) | (0.44) |
Debt/Assets |
1.60% | 4.49% | 5.61% | 4.85% | 4.53% | 4.19% | 0.00% | 0.00% | 0.00% | 0.00% |
Debt/Equity |
0.03 | 0.09 | 0.10 | 0.09 | 0.08 | 0.07 | 0.00 | 0.00 | 0.00 | 0.00 |
Asset Turnover |
1.08 | 1.05 | 1.38 | 1.31 | 1.23 | 1.21 | 1.27 | 1.39 | 1.42 | 1.30 |
Operating CF/Net income |
1.21 | 1.00 | 0.91 | 1.15 | 1.17 | 1.35 | 1.23 | 0.85 | 1.02 | 1.23 |
Capex/Depreciation |
(1.12) | (1.32) | (3.76) | (3.29) | (1.62) | (3.03) | (1.29) | (1.73) | (1.95) | (1.51) |
Interest Coverage |
2,906.11 | 234.45 | 139.98 | 417.45 | 462.60 | 76.98 | 187.26 | — | — | — |
| 26.52% | 23.53% | 31.48% | 30.07% | 25.27% | 23.54% | 21.40% | 28.67% | 32.89% | 26.19% | |
| 14.23% | 12.26% | 16.74% | 16.70% | 14.19% | 13.67% | 13.32% | 18.94% | 22.40% | 17.92% | |
ROIC |
28.11% | 25.32% | 26.67% | 24.97% | 18.83% | 15.87% | 18.00% | 21.41% | 25.03% | 23.13% |
Return on Tangible Assets |
57.12% | 44.83% | 57.58% | 50.50% | 57.95% | 47.55% | 48.55% | 65.34% | 65.21% | 54.47% |
Average Days of Receivables |
93.45 | 102.10 | 70.18 | 69.12 | 71.18 | 66.39 | 67.46 | 69.82 | 68.00 | 66.01 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
(0.29%) | (0.16%) | (0.16%) | (0.06%) | 0.30% | (0.19%) | (0.05%) | 0.19% | 0.07% | (0.08%) |
Graham Net Nets |
(0.03) | (0.02) | (0.01) | (0.01) | (0.02) | (0.03) | (0.01) | 0.00 | 0.01 | 0.00 |
Graham Number |
42.41 | 42.08 | 54.18 | 61.27 | 60.38 | 64.69 | 67.25 | 88.04 | 111.66 | 115.58 |
Earnings Yield |
4.04% | 3.55% | 4.64% | 4.10% | 2.57% | 3.32% | 2.62% | 2.86% | 3.12% | 4.19% |
Free Cash Flow Yield |
4.26% | 3.05% | 3.46% | 3.43% | 2.53% | 2.85% | 2.65% | 1.86% | 2.55% | 4.31% |
Revenue per Share |
34.57 | 36.63 | 51.57 | 53.63 | 54.91 | 57.02 | 61.49 | 70.77 | 82.16 | 88.05 |
Operating CF per Share |
5.51 | 4.27 | 5.71 | 7.89 | 7.42 | 8.72 | 7.93 | 8.25 | 13.23 | 14.87 |
Capex per Share |
(0.55) | (0.63) | (1.09) | (2.19) | (1.20) | (3.22) | (1.45) | (2.01) | (2.70) | (2.50) |
Free Cash Flow per Share |
4.96 | 3.64 | 4.62 | 5.70 | 6.22 | 5.50 | 6.48 | 6.25 | 10.53 | 12.36 |
Cash per Share |
4.09 | 4.67 | 5.77 | 7.29 | 3.49 | 3.98 | 3.08 | 3.12 | 6.46 | 7.49 |
Shareholders Equity per Share |
17.69 | 18.56 | 21.08 | 24.53 | 25.72 | 29.06 | 31.36 | 36.00 | 43.02 | 49.43 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
17.69 | 18.56 | 21.08 | 24.53 | 25.72 | 29.06 | 31.36 | 36.00 | 43.02 | 49.43 |
Free Cash Flow |
229.13 | 168.20 | 213.30 | 263.27 | 287.08 | 253.99 | 299.21 | 288.56 | 486.40 | 570.97 |
Working Capital |
299.16 | 356.29 | 369.72 | 405.94 | 240.80 | 251.66 | 201.08 | 240.06 | 407.12 | 455.44 |
Capital Expenditures |
(25.21) | (28.93) | (50.28) | (101.26) | (55.51) | (148.80) | (66.94) | (92.65) | (124.84) | (115.69) |
Net Current Asset Value |
(134.17) | (119.57) | (80.20) | (77.15) | (273.20) | (236.75) | (124.02) | (39.74) | 104.10 | 9.36 |
EV/EBIT |
17.05 | 18.50 | 17.40 | 20.79 | 33.35 | 27.69 | 29.98 | 29.72 | 27.90 | 18.16 |
Capex to Sales |
0.02 | 0.02 | 0.02 | 0.04 | 0.02 | 0.06 | 0.02 | 0.03 | 0.03 | 0.03 |
Price to Operating Income |
17.61 | 18.99 | 17.88 | 21.46 | 33.55 | 27.98 | 30.01 | 29.74 | 28.15 | 18.46 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.33 | 0.26 | 0.10 | 0.14 | 0.13 | 0.13 | 0.13 | 0.12 | 0.12 | 0.13 |
Cash ROIC |
22.23% | 14.65% | 15.92% | 16.79% | 19.87% | 15.68% | 18.81% | 15.97% | 21.28% | 21.72% |
Accounts Receivable Turnover |
4.02 | 3.84 | 5.12 | 5.34 | 5.26 | 5.41 | 5.66 | 5.68 | 5.70 | 5.64 |
Accounts Payable Turnover |
4.47 | 4.44 | 5.95 | 5.65 | 5.42 | 5.63 | 5.63 | 5.52 | 5.53 | 5.47 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
83.67 | 86.63 | 63.20 | 68.51 | 68.58 | 64.47 | 69.02 | 70.29 | 70.03 | 68.21 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
396.90 | 441.01 | 465.63 | 463.57 | 481.87 | 486.88 | 502.03 | 575.14 | 666.20 | 721.32 |
Average Payables |
291.39 | 315.68 | 342.76 | 375.39 | 405.48 | 411.05 | 437.50 | 497.64 | 563.83 | 612.18 |
Average Assets |
1,478.13 | 1,607.41 | 1,722.09 | 1,897.28 | 2,066.68 | 2,179.59 | 2,240.76 | 2,355.71 | 2,680.29 | 3,122.05 |
Average Common Equity |
793.21 | 837.13 | 915.51 | 1,053.46 | 1,160.65 | 1,265.26 | 1,395.44 | 1,555.62 | 1,825.05 | 2,135.32 |
Columns are period end dates