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%
Market cap
$11.1B
P/E
19.7×
Fwd P/E
18.0×
Dividend yield
2.40%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16
P/E ratio
23.87 32.01 35.01 38.14 30.10 38.98 24.41 21.54 28.14 24.76
Piotroski F-Score
6 9 8 7 5 5 4 4 5 5
P/S ratio
3.26 5.02 4.73 3.98 3.38 4.47 3.10 2.58 3.26 3.24
P/FCF ratio
23.19 39.15 53.63 37.74 35.04 39.52 29.13 28.87 32.77 23.47
P/Operating CF
77.18 98.43 104.25 88.18 64.14 104.93 60.54 68.98 71.78 52.34
P/B ratio
5.80 9.58 9.31 7.80 6.63 9.55 6.77 6.32 6.43 6.33
Price to Tangible BV
5.80 9.58 9.31 7.80 6.63 9.55 6.77 6.32 6.43 6.33
EV/Sales
3.20 4.97 4.73 3.97 3.34 4.45 3.00 2.51 3.17 3.14
EV/EBITDA
18.16 27.90 29.72 29.98 27.69 33.35 20.79 17.40 18.50 17.05
EV/Operating CF
18.97 30.88 40.56 30.81 21.87 32.92 20.38 22.73 27.25 19.68
EV/FCF
22.81 38.80 53.58 37.70 34.68 39.29 28.22 28.09 31.93 22.73
Quick Ratio
1.73 1.68 1.45 1.43 1.61 1.58 2.02 2.04 2.07 2.00
Current Ratio
1.73 1.68 1.45 1.43 1.61 1.58 2.02 2.04 2.07 2.00
Net Debt/EBITDA
(0.44) (0.40) (0.25) (0.33) (0.24) (0.18) (0.62) (0.47) (0.45) (0.52)
Debt/Assets
0.00% 0.00% 0.00% 0.00% 4.19% 4.53% 4.85% 5.61% 4.49% 1.60%
Debt/Equity
0.00 0.00 0.00 0.00 0.07 0.08 0.09 0.10 0.09 0.03
Asset Turnover
1.30 1.42 1.39 1.27 1.21 1.23 1.31 1.38 1.05 1.08
Operating CF/Net income
1.23 1.02 0.85 1.23 1.35 1.17 1.15 0.91 1.00 1.21
Capex/Depreciation
(1.51) (1.95) (1.73) (1.29) (3.03) (1.62) (3.29) (3.76) (1.32) (1.12)
Interest Coverage
— — — 187.26 76.98 462.60 417.45 139.98 234.45 2,906.11
ROE
26.19% 32.89% 28.67% 21.40% 23.54% 25.27% 30.07% 31.48% 23.53% 26.52%
ROA
17.92% 22.40% 18.94% 13.32% 13.67% 14.19% 16.70% 16.74% 12.26% 14.23%
ROIC
23.13% 25.03% 21.41% 18.00% 15.87% 18.83% 24.97% 26.67% 25.32% 28.11%
Return on Tangible Assets
54.47% 65.21% 65.34% 48.55% 47.55% 57.95% 50.50% 57.58% 44.83% 57.12%
Average Days of Receivables
66.01 68.00 69.82 67.46 66.39 71.18 69.12 70.18 102.10 93.45
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
(0.08%) 0.07% 0.19% (0.05%) (0.19%) 0.30% (0.06%) (0.16%) (0.16%) (0.29%)
Graham Net Nets
0.00 0.01 0.00 (0.01) (0.03) (0.02) (0.01) (0.01) (0.02) (0.03)
Graham Number
115.58 111.66 88.04 67.25 64.69 60.38 61.27 54.18 42.08 42.41
Earnings Yield
4.19% 3.12% 2.86% 2.62% 3.32% 2.57% 4.10% 4.64% 3.55% 4.04%
Free Cash Flow Yield
4.31% 2.55% 1.86% 2.65% 2.85% 2.53% 3.43% 3.46% 3.05% 4.26%
Revenue per Share
88.05 82.16 70.77 61.49 57.02 54.91 53.63 51.57 36.63 34.57
Operating CF per Share
14.87 13.23 8.25 7.93 8.72 7.42 7.89 5.71 4.27 5.51
Capex per Share
(2.50) (2.70) (2.01) (1.45) (3.22) (1.20) (2.19) (1.09) (0.63) (0.55)
Free Cash Flow per Share
12.36 10.53 6.25 6.48 5.50 6.22 5.70 4.62 3.64 4.96
Cash per Share
7.49 6.46 3.12 3.08 3.98 3.49 7.29 5.77 4.67 4.09
Shareholders Equity per Share
49.43 43.02 36.00 31.36 29.06 25.72 24.53 21.08 18.56 17.69
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
49.43 43.02 36.00 31.36 29.06 25.72 24.53 21.08 18.56 17.69
Free Cash Flow
570.97 486.40 288.56 299.21 253.99 287.08 263.27 213.30 168.20 229.13
Working Capital
455.44 407.12 240.06 201.08 251.66 240.80 405.94 369.72 356.29 299.16
Capital Expenditures
(115.69) (124.84) (92.65) (66.94) (148.80) (55.51) (101.26) (50.28) (28.93) (25.21)
Net Current Asset Value
9.36 104.10 (39.74) (124.02) (236.75) (273.20) (77.15) (80.20) (119.57) (134.17)
EV/EBIT
18.16 27.90 29.72 29.98 27.69 33.35 20.79 17.40 18.50 17.05
Capex to Sales
0.03 0.03 0.03 0.02 0.06 0.02 0.04 0.02 0.02 0.02
Price to Operating Income
18.46 28.15 29.74 30.01 27.98 33.55 21.46 17.88 18.99 17.61
Other line items
Depreciation/Fixed assets
0.13 0.12 0.12 0.13 0.13 0.13 0.14 0.10 0.26 0.33
Cash ROIC
21.72% 21.28% 15.97% 18.81% 15.68% 19.87% 16.79% 15.92% 14.65% 22.23%
Accounts Receivable Turnover
5.64 5.70 5.68 5.66 5.41 5.26 5.34 5.12 3.84 4.02
Accounts Payable Turnover
5.47 5.53 5.52 5.63 5.63 5.42 5.65 5.95 4.44 4.47
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
68.21 70.03 70.29 69.02 64.47 68.58 68.51 63.20 86.63 83.67
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
721.32 666.20 575.14 502.03 486.88 481.87 463.57 465.63 441.01 396.90
Average Payables
612.18 563.83 497.64 437.50 411.05 405.48 375.39 342.76 315.68 291.39
Average Assets
3,122.05 2,680.29 2,355.71 2,240.76 2,179.59 2,066.68 1,897.28 1,722.09 1,607.41 1,478.13
Average Common Equity
2,135.32 1,825.05 1,555.62 1,395.44 1,265.26 1,160.65 1,053.46 915.51 837.13 793.21

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