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Erie Indemnity Co (Erie Indemnity Co) EV-to-EBIT : 43.60 (As of Apr. 27, 2024)


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What is Erie Indemnity Co EV-to-EBIT?

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Erie Indemnity Co's Enterprise Value is $19,742 Mil. Erie Indemnity Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $453 Mil. Therefore, Erie Indemnity Co's EV-to-EBIT for today is 43.60.

The historical rank and industry rank for Erie Indemnity Co's EV-to-EBIT or its related term are showing as below:

ERIE' s EV-to-EBIT Range Over the Past 10 Years
Min: 17.54   Med: 27.75   Max: 81.06
Current: 43.6

During the past 13 years, the highest EV-to-EBIT of Erie Indemnity Co was 81.06. The lowest was 17.54. And the median was 27.75.

ERIE's EV-to-EBIT is ranked worse than
90.22% of 317 companies
in the Insurance industry
Industry Median: 7.85 vs ERIE: 43.60

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Erie Indemnity Co's Enterprise Value for the quarter that ended in Mar. 2024 was $23,321 Mil. Erie Indemnity Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $453 Mil. Erie Indemnity Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 1.94%.


Erie Indemnity Co EV-to-EBIT Historical Data

The historical data trend for Erie Indemnity Co's EV-to-EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Erie Indemnity Co EV-to-EBIT Chart

Erie Indemnity Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.23 34.60 26.24 34.02 30.93

Erie Indemnity Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EV-to-EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 29.99 24.27 30.28 30.93 -

Competitive Comparison of Erie Indemnity Co's EV-to-EBIT

For the Insurance Brokers subindustry, Erie Indemnity Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Erie Indemnity Co's EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Erie Indemnity Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Erie Indemnity Co's EV-to-EBIT falls into.



Erie Indemnity Co EV-to-EBIT Calculation

Erie Indemnity Co's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=19741.655/452.788
=43.60

Erie Indemnity Co's current Enterprise Value is $19,742 Mil.
Erie Indemnity Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $453 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Erie Indemnity Co  (NAS:ERIE) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Erie Indemnity Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Mar. 2024 ) =EBIT / Enterprise Value (Q: Mar. 2024 )
=452.788/23321.35171
=1.94 %

Erie Indemnity Co's Enterprise Value for the quarter that ended in Mar. 2024 was $23,321 Mil.
Erie Indemnity Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $453 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Erie Indemnity Co EV-to-EBIT Related Terms

Thank you for viewing the detailed overview of Erie Indemnity Co's EV-to-EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Erie Indemnity Co (Erie Indemnity Co) Business Description

Traded in Other Exchanges
Address
100 Erie Insurance Place, Erie, PA, USA, 16530
Erie Indemnity Co primarily performs services on behalf of the Erie Insurance Exchange relating to sales, underwriting, and issuance of policies. Erie Indemnity's results are tied to the performance of the Insurance Exchange, which principally provides automobile and homeowners insurance for individuals, along with multiperil, workers' compensation, and commercial automobile insurance for its commercial clients. Erie Indemnity's management fee is typically 25% of the Exchange's premiums, and this accounts for all of Erie Indemnity's revenue. The company operates exclusively in the United States.
Executives
Marc Cipriani officer: Senior Vice President 100 ERIE INSURANCE PLACE, ERIE PA 16530
Sean Dugan officer: Executive Vice President 100 ERIE INSURANCE PLACE, ERIE PA 16530
Parthasarathy Srinivasa officer: EVP, Chief Information Officer 100 ERIE INSURANCE PLACE, ERIE PA 16530
Jorie L Novacek officer: SVP, Controller 100 ERIE INSURANCE PLACE, ERIE PA 16530
Thomas B Hagen director 230 WEST 6TH STREET, ERIE PA 16507-1319
Eugene C Connell director 785 HUNTINGTON DRIVE, ERIE PA 16505
Elizabeth A Vorsheck director, 10 percent owner 6252 COMMERCIAL WAY PMB 140, BROOKSVILLE FL 34613
Brian W. Bolash officer: SVP,Secretary,General Counsel 100 ERIE INSURANCE PLACE, ERIE PA 16530
Borneman J Ralph Jr director NATIONAL PENN BANCSHARES INC, PHILADELPHIA & READING AVENUES, BOYERTOWN PA 19512
Hudson Brian Arden Sr. director 2407 PARK DRIVE, HARRISBURG PA 17110
Louis F Colaizzo officer: Senior Vice President 100 ERIE INSURANCE PLACE, ERIE PA 16530
Salvatore Correnti director 8518 SOUTHFIELDS CIRCLE, LUTHERVILLE MD 21093
Timothy G Necastro officer: President & CEO, Designate 100 ERIE INSURANCE PL, ERIE PA 16530
Luann Datesh director 333 OAK FOREST DRIVE, PITTSBURGH PA 15216
Robert C Wilburn director 110 WASHINGTON AVENUE #1711, MIAMI BEACH FL 33139