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ERIE (Erie Indemnity Co) PS Ratio : 6.23 (As of Oct. 31, 2024)


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What is Erie Indemnity Co PS Ratio?

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:

ERIE' s PS Ratio Range Over the Past 10 Years
Min: 3.05   Med: 4.14   Max: 14.41
Current: 6.24

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's PS Ratio is ranked worse than
93.54% of 480 companies
in the Insurance industry
Industry Median: 1.07 vs ERIE: 6.24

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.

Back to Basics: PS Ratio


Erie Indemnity Co PS Ratio Historical Data

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.

* Premium members only.

Erie Indemnity Co PS Ratio Chart

Erie Indemnity Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 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 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 3.42 4.59 5.29 5.82 5.03

Competitive Comparison of Erie Indemnity Co's PS Ratio

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.


Erie Indemnity Co's PS Ratio Distribution in the Insurance Industry

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.



Erie Indemnity Co PS Ratio Calculation

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.


Erie Indemnity Co PS Ratio Related Terms

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Erie Indemnity Co Business Description

Traded in Other Exchanges
Address
100 Erie Insurance Place, Erie, PA, USA, 16530
Erie Indemnity Co mainly 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
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