RevenueNet IncomeP/EP/SEBITDividendStocksMarket capitalizationDebtLiabilitiesEquityAAQSEmployeesROEROAROCE
Erie Indemnity - Stock

Erie Indemnity P/S 2024

Erie Indemnity P/S

5.63

Ticker

ERIE

ISIN

US29530P1021

WKN

919562

As of Jun 26, 2024, Erie Indemnity's P/S ratio stood at 5.63, a 47% change from the 3.83 P/S ratio recorded in the previous year.

The Erie Indemnity P/S history

Erie Indemnity Aktienanalyse

What does Erie Indemnity do?

The Erie Indemnity Company is an American insurance company based in Erie, Pennsylvania. Founded in 1925 by H.O. Hirt and O.G. Crawford, the company employs over 5,000 employees and is one of the largest providers of auto insurance in the United States. Erie Indemnity is an insurance organization where policyholders themselves are the owners of the company. The company focuses on providing the best advice and building long-term customer relationships. They offer a variety of insurance products, such as auto, home, and life insurance, and prioritize individualized consultation and tailored coverage. Erie Indemnity is proud of its high customer satisfaction ratings and regularly earns top rankings in independent studies. In addition to traditional insurance products, the company also provides innovative services, such as free accident claims processing and exclusive driver safety training. Employee training and development are also key priorities, ensuring staff are up to date on industry advancements and legislation to provide optimal service. Erie Indemnity has expanded its business to new markets, offering insurance for small and medium-sized businesses and dabbling in cybersecurity. In summary, Erie Indemnity is a successful and innovative insurance company that prioritizes customer orientation and personalized consultation. The company will continue to pursue its path and meet the challenges of the industry in the future. Erie Indemnity ist eines der beliebtesten Unternehmen auf Eulerpool.com.

P/S Details

Decoding Erie Indemnity's P/S Ratio

Erie Indemnity's Price to Sales (P/S) Ratio is a crucial financial metric that measures the company's market valuation relative to its total sales revenue. It's calculated by dividing the company's market capitalization by its total sales over a specific period. A lower P/S ratio can indicate that the company is undervalued, while a higher ratio may suggest overvaluation.

Year-to-Year Comparison

Comparing Erie Indemnity's P/S ratio yearly provides insights into how the market perceives the company’s value relative to its sales. An increasing ratio over time can indicate growing investor confidence, while a decreasing trend might reflect concerns about the company’s revenue generation capabilities or market conditions.

Impact on Investments

The P/S ratio is instrumental for investors evaluating Erie Indemnity's stock. It offers insights into the company’s efficiency in generating sales and its market valuation. Investors use this ratio to compare similar companies within the same industry, aiding in selecting stocks that offer the best value for investment.

Interpreting P/S Ratio Fluctuations

Variations in Erie Indemnity’s P/S ratio can result from changes in the stock price, sales revenue, or both. Understanding these fluctuations is crucial for investors to evaluate the company’s current valuation and future growth potential, aligning their investment strategies accordingly.

Frequently Asked Questions about Erie Indemnity Stock

What is the price-to-earnings ratio of Erie Indemnity?

The price-earnings ratio of Erie Indemnity is currently 5.63.

How has the price-earnings ratio of Erie Indemnity changed compared to last year?

The price-to-earnings ratio of Erie Indemnity has increased by 47% increased compared to last year.

What consequences does a high price-earnings ratio have for investors?

A high price-to-earnings ratio indicates that the company's stock is relatively expensive and investors may potentially achieve a lower return.

What does a low price-earnings ratio mean?

A low price-earnings ratio means that the company's stock is relatively cheap and investors may potentially achieve a higher return.

Is the price-earnings ratio of Erie Indemnity high compared to other companies?

Yes, the price-to-earnings ratio of Erie Indemnity is high compared to other companies.

How does an increase in the price-earnings ratio of Erie Indemnity affect the company?

An increase in the price-earnings ratio of Erie Indemnity would lead to a higher market capitalization of the company, which in turn would lead to a higher valuation of the company.

How does a reduction in the price-to-earnings ratio of Erie Indemnity affect the company?

A decrease in the price-earnings ratio of Erie Indemnity would result in a lower market capitalization of the company, which in turn would lead to a lower valuation of the company.

What are some factors that influence the price-earnings ratio of Erie Indemnity?

Some factors that influence the price-earnings ratio of Erie Indemnity are the company's growth, financial position, industry development, and the overall economic situation.

How much dividend does Erie Indemnity pay?

Over the past 12 months, Erie Indemnity paid a dividend of 4.76 USD . This corresponds to a dividend yield of about 1.3 %. For the coming 12 months, Erie Indemnity is expected to pay a dividend of 4.86 USD.

What is the dividend yield of Erie Indemnity?

The current dividend yield of Erie Indemnity is 1.3 %.

When does Erie Indemnity pay dividends?

Erie Indemnity pays a quarterly dividend. This is distributed in the months of November, February, May, August.

How secure is the dividend of Erie Indemnity?

Erie Indemnity paid dividends every year for the past 35 years.

What is the dividend of Erie Indemnity?

For the upcoming 12 months, dividends amounting to 4.86 USD are expected. This corresponds to a dividend yield of 1.33 %.

In which sector is Erie Indemnity located?

Erie Indemnity is assigned to the 'Finance' sector.

Wann musste ich die Aktien von Erie Indemnity kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Erie Indemnity from 7/23/2024 amounting to 1.275 USD, you needed to have the stock in your portfolio before the ex-date on 7/9/2024.

When did Erie Indemnity pay the last dividend?

The last dividend was paid out on 7/23/2024.

What was the dividend of Erie Indemnity in the year 2023?

In the year 2023, Erie Indemnity distributed 4.44 USD as dividends.

In which currency does Erie Indemnity pay out the dividend?

The dividends of Erie Indemnity are distributed in USD.

Stock savings plans offer an attractive way for investors to build wealth over the long term. One of the main advantages is the so-called cost-average effect: by regularly investing a fixed amount in stocks or stock funds, you automatically buy more shares when prices are low, and fewer when they are high. This can lead to a more favorable average price per share over time. In addition, stock savings plans allow small investors access to expensive stocks, as they can participate with small amounts. Regular investment also promotes a disciplined investment strategy and helps to avoid emotional decisions, such as impulsive buying or selling. Furthermore, investors benefit from the potential appreciation of the stocks as well as from dividend distributions, which can be reinvested, enhancing the compounding effect and thus the growth of the invested capital.

Andere Kennzahlen von Erie Indemnity

Our stock analysis for Erie Indemnity Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Erie Indemnity Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.