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The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Erie Indemnity Co's share price is $448.85. Erie Indemnity Co's Revenue per Share for the trailing twelve months (TTM) ended in Jun. 2024 was $72.03. Hence, Erie Indemnity Co's PS Ratio for today is 6.23.
The historical rank and industry rank for Erie Indemnity Co's PS Ratio or its related term are showing as below:
During the past 13 years, Erie Indemnity Co's highest PS Ratio was 14.41. The lowest was 3.05. And the median was 4.14.
Erie Indemnity Co's Revenue per Sharefor the three months ended in Jun. 2024 was $20.73. Its Revenue per Share for the trailing twelve months (TTM) ended in Jun. 2024 was $72.03.
During the past 12 months, the average Revenue per Share Growth Rate of Erie Indemnity Co was 17.20% per year. During the past 3 years, the average Revenue per Share Growth Rate was 12.90% per year. During the past 5 years, the average Revenue per Share Growth Rate was 7.90% per year. During the past 10 years, the average Revenue per Share Growth Rate was 11.40% per year.
During the past 13 years, Erie Indemnity Co's highest 3-Year average Revenue per Share Growth Rate was 63.60% per year. The lowest was -34.00% per year. And the median was 8.10% per year.
The historical data trend for Erie Indemnity Co's PS Ratio 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 | |||||||||||
PS Ratio | Get a 7-Day Free Trial | 3.45 | 5.58 | 3.77 | 4.56 | 5.29 |
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 | |
PS Ratio | Get a 7-Day Free Trial | 3.42 | 4.59 | 5.29 | 5.82 | 5.03 |
For the Insurance Brokers subindustry, Erie Indemnity Co's PS Ratio, along with its competitors' market caps and PS Ratio 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 PS Ratio distribution charts can be found below:
* The bar in red indicates where Erie Indemnity Co's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Erie Indemnity Co's PS Ratio for today is calculated as
PS Ratio | = | Share Price | / | Revenue per Share (TTM) |
= | 448.85 | / | 72.032 | |
= | 6.23 |
Erie Indemnity Co's Share Price of today is $448.85.
Erie Indemnity Co's Revenue per Share for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $72.03.
* 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:
PS Ratio | = | Market Cap | / | Revenue |
The Revenue here is for the trailing 12 months.
Erie Indemnity Co (NAS:ERIE) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
Similar to the PE Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PS Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.
Be Aware
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Thank you for viewing the detailed overview of Erie Indemnity Co's PS Ratio 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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