This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
Median PS Value is calculated as trailing twelve months (TTM) Revenue per Share times 10-Year median PS Ratio. Erie Indemnity Co's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $60.263. Erie Indemnity Co's 10-Year median PS Ratio is 0. Therefore, the Median PS Value for today is $0.00.
As of today (2024-04-25), Erie Indemnity Co's share price is $382.66. Erie Indemnity Co's Median PS Value is $0.00. Therefore, Erie Indemnity Co's Price to Median PS Value for today is 0.00.
The historical rank and industry rank for Erie Indemnity Co's Median PS Value or its related term are showing as below:
During the past 13 years, the highest Price to Median PS Value of Erie Indemnity Co was 1.85. The lowest was 1.85. And the median was 1.85.
ERIE's Price-to-Median-PS-Value is not ranked *
in the Insurance industry.
Industry Median: 0.97 * Ranked among companies with meaningful Price-to-Median-PS-Value only.
Erie Indemnity Co Median PS Value Historical Data
The historical data trend for Erie Indemnity Co's Median PS Value 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.
Competitive Comparison of Erie Indemnity Co's Median PS Value
For the Insurance Brokers subindustry, Erie Indemnity Co's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value 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 Price-to-Median-PS-Value Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Erie Indemnity Co's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Erie Indemnity Co's Price-to-Median-PS-Value falls into.
Erie Indemnity Co Median PS Value Calculation
Erie Indemnity Co's Median PS Value for today is calculated as
10-Year Median PS Ratio is 0.
Erie Indemnity Co's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $60.263.
* 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 (NAS:ERIE) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
Erie Indemnity Co's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
382.66
/
0.00
=
* 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 Median PS Value Related Terms
Thank you for viewing the detailed overview of Erie Indemnity Co's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Erie Indemnity Co (Erie Indemnity Co) Business Description
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.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ERIE has been successfully added to your 