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As of today (2024-10-31), Erie Indemnity Co's share price is $448.85. Erie Indemnity Co's Tangible Book per Share of Jun. 2024 for the quarter that ended in Jun. 2024 was $34.97. Hence, Erie Indemnity Co's Price to Tangible Book Ratio of today is 12.83.
The historical rank and industry rank for Erie Indemnity Co's Price-to-Tangible-Book or its related term are showing as below:
During the past 13 years, Erie Indemnity Co's highest Price to Tangible Book Ratio was 12.92. The lowest was 5.14. And the median was 7.47.
A closely related ratio is called PB Ratio. As of today, Erie Indemnity Co's share price is $448.85. Erie Indemnity Co's Book Value per Sharefor the quarter that ended in Jun. 2024 was $34.97. Hence, Erie Indemnity Co's P/B Ratio of today is 12.83.
The historical data trend for Erie Indemnity Co's Price-to-Tangible-Book 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.
Erie Indemnity Co Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Price-to-Tangible-Book | Get a 7-Day Free Trial | 7.66 | 10.81 | 7.50 | 8.98 | 10.53 |
Erie Indemnity Co Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Price-to-Tangible-Book | Get a 7-Day Free Trial | 7.11 | 9.53 | 10.53 | 12.16 | 10.36 |
For the Insurance Brokers subindustry, Erie Indemnity Co's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.
For the Insurance industry and Financial Services sector, Erie Indemnity Co's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Erie Indemnity Co's Price-to-Tangible-Book falls into.
Erie Indemnity Co's price-to-tangible-book ratio for today is calculated as:
Price to Tangible Book | = | Share Price | / | Tangible Book per Share (Q: Jun. 2024 ) |
= | 448.85 | / | 34.974 | |
= | 12.83 |
* 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.
It can also be calculated from the numbers for the whole company:
Price to Tangible Book | = | Market Cap | / | Tangible Equity | ||||
= | Market Cap | / | (Total Stockholders Equity | - | Preferred Stock | - | Intangible Assets) |
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Thank you for viewing the detailed overview of Erie Indemnity Co's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Charles Scott Hartz | director | TWO BALA PLAZA, SUITE 300, BALA CYNWYD PA 19004-1573 |
Borneman J Ralph Jr | director | NATIONAL PENN BANCSHARES INC, PHILADELPHIA & READING AVENUES, BOYERTOWN PA 19512 |
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 |
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 |
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