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Erie Indemnity Co (Erie Indemnity Co) Cyclically Adjusted Price-to-FCF : 88.78 (As of Apr. 27, 2024)


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What is Erie Indemnity Co Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Erie Indemnity Co's current share price is $381.74. Erie Indemnity Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $4.30. Erie Indemnity Co's Cyclically Adjusted Price-to-FCF for today is 88.78.

The historical rank and industry rank for Erie Indemnity Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

ERIE' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.31   Med: 16.97   Max: 100.58
Current: 88.7

During the past years, Erie Indemnity Co's highest Cyclically Adjusted Price-to-FCF was 100.58. The lowest was 8.31. And the median was 16.97.

ERIE's Cyclically Adjusted Price-to-FCF is ranked worse than
97.22% of 324 companies
in the Insurance industry
Industry Median: 11.03 vs ERIE: 88.70

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Erie Indemnity Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $1.109. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $4.30 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Erie Indemnity Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Erie Indemnity Co's Cyclically Adjusted Price-to-FCF 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 Cyclically Adjusted Price-to-FCF Chart

Erie Indemnity Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.70 50.86 39.20 56.97 77.91

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
Cyclically Adjusted Price-to-FCF 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 54.85 52.11 88.35 77.91 93.31

Competitive Comparison of Erie Indemnity Co's Cyclically Adjusted Price-to-FCF

For the Insurance Brokers subindustry, Erie Indemnity Co's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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 Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Erie Indemnity Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Erie Indemnity Co's Cyclically Adjusted Price-to-FCF falls into.



Erie Indemnity Co Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Erie Indemnity Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=381.74/4.3
=88.78

* 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's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Erie Indemnity Co's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.109/129.4194*129.4194
=1.109

Current CPI (Mar. 2024) = 129.4194.

Erie Indemnity Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 3.076 100.560 3.959
201409 4.992 100.428 6.433
201412 -5.974 99.070 -7.804
201503 -0.301 99.621 -0.391
201506 0.925 100.684 1.189
201509 1.486 100.392 1.916
201512 1.389 99.792 1.801
201603 -0.431 100.470 -0.555
201606 1.171 101.688 1.490
201609 1.742 101.861 2.213
201612 1.435 101.863 1.823
201703 -0.740 102.862 -0.931
201706 1.168 103.349 1.463
201709 1.246 104.136 1.549
201712 1.128 104.011 1.404
201803 -0.838 105.290 -1.030
201806 1.239 106.317 1.508
201809 1.953 106.507 2.373
201812 1.064 105.998 1.299
201903 0.131 107.251 0.158
201906 1.255 108.070 1.503
201909 1.708 108.329 2.041
201912 1.777 108.420 2.121
202003 -0.019 108.902 -0.023
202006 1.556 108.767 1.851
202009 1.765 109.815 2.080
202012 1.367 109.897 1.610
202103 0.382 111.754 0.442
202106 1.322 114.631 1.493
202109 2.417 115.734 2.703
202112 0.536 117.630 0.590
202203 0.139 121.301 0.148
202206 1.201 125.017 1.243
202209 2.084 125.227 2.154
202212 -0.312 125.222 -0.322
202303 0.495 127.348 0.503
202306 1.817 128.729 1.827
202309 0.491 129.860 0.489
202312 -0.393 129.419 -0.393
202403 1.109 129.419 1.109

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Erie Indemnity Co  (NAS:ERIE) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Erie Indemnity Co Cyclically Adjusted Price-to-FCF Related Terms

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


Erie Indemnity Co (Erie Indemnity Co) Business Description

Industry
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

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