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Erie Indemnity Co (STU:EI2) Market Cap : €18,811 Mil (As of May. 27, 2024)


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What is Erie Indemnity Co Market Cap?

Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Erie Indemnity Co's share price for the quarter that ended in Mar. 2024 was €372. Erie Indemnity Co's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 52 Mil. Therefore, Erie Indemnity Co's market cap for the quarter that ended in Mar. 2024 was €19,452 Mil.

Erie Indemnity Co's quarterly market cap increased from Sep. 2023 (€14,641 Mil) to Dec. 2023 (€15,582 Mil) and increased from Dec. 2023 (€15,582 Mil) to Mar. 2024 (€19,452 Mil).

Erie Indemnity Co's annual market cap increased from Dec. 2021 (€8,837 Mil) to Dec. 2022 (€12,027 Mil) and increased from Dec. 2022 (€12,027 Mil) to Dec. 2023 (€15,582 Mil).

Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Erie Indemnity Co's Enterprise Value for Today is €18,679 Mil.


Erie Indemnity Co Market Cap Historical Data

The historical data trend for Erie Indemnity Co's Market Cap 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 Market Cap Chart

Erie Indemnity Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Market Cap
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7,634.33 10,196.53 8,836.99 12,026.68 15,582.39

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
Market Cap 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 10,980.88 9,882.79 14,641.17 15,582.39 19,451.84

Competitive Comparison of Erie Indemnity Co's Market Cap

For the Insurance Brokers subindustry, Erie Indemnity Co's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Erie Indemnity Co's Market Cap distribution charts can be found below:

* The bar in red indicates where Erie Indemnity Co's Market Cap falls into.



Erie Indemnity Co Market Cap Calculation

Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.

Erie Indemnity Co's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as

Market Cap (A: Dec. 2023 )=Share Price (A: Dec. 2023 )*Shares Outstanding (EOP) (A: Dec. 2023 )
=€298*52.2899
=€15,582

Erie Indemnity Co's Market Cap for the quarter that ended in Mar. 2024 is calculated as

Market Cap (Q: Mar. 2024 )=Share Price (Q: Mar. 2024 )*Shares Outstanding (EOP) (Q: Mar. 2024 )
=€372*52.2899
=€19,452

* 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  (STU:EI2) Market Cap Explanation

Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the company’s debt. The real price you pay is the Enterprise Value.

Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.


Erie Indemnity Co Market Cap Related Terms

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Erie Indemnity Co (STU:EI2) Business Description

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.

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