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Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
Erie Indemnity Co's Sloan Ratio for the quarter that ended in Jun. 2026 was 0.00%.
As of Jun. 2026, Erie Indemnity Co has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Erie Indemnity Co (NAS:ERIE) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Jun. 2026, Erie Indemnity Co has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Erie Indemnity Co Sloan Ratio % Related Terms
Erie Indemnity Co Sloan Ratio % Historical Data
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The historical data trend for Erie Indemnity Co's Sloan 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.
For the Insurance Brokers subindustry, Erie Indemnity Co's Sloan Ratio %, along with its competitors' market caps and Sloan 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 Sloan Ratio % vs Insurance Industry
For the Insurance industry and Financial Services sector, Erie Indemnity Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Erie Indemnity Co's Sloan Ratio % falls into.
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
Erie Indemnity Co's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Erie Indemnity Co's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 182.853 (Sep. 2025 ) + 63.38 (Dec. 2025 ) + 150.474 (Mar. 2026 ) + 180.294 (Jun. 2026 ) = $577 Mil.
Erie Indemnity Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 219.406 (Sep. 2025 ) + 0 (Dec. 2025 ) + 91.892 (Mar. 2026 ) + 214.922 (Jun. 2026 ) = $526 Mil.
Erie Indemnity Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was 35.52 (Sep. 2025 ) + -338.276 (Dec. 2025 ) + -88.726 (Mar. 2026 ) + -145.931 (Jun. 2026 ) = $-537 Mil.
* 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 (ERIE) has a Sloan Ratio % of 0.00% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Erie Indemnity Co and its competitors.
Is Erie Indemnity Co's Sloan Ratio % too high?
Erie Indemnity Co's current Sloan Ratio % is 0.00%. Overall, Erie Indemnity Co has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Erie Indemnity Co's Sloan Ratio % compare to NP and ARX?
Erie Indemnity Co's Sloan Ratio % of 0.00% can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for an Insurance company?
A good Sloan Ratio % depends on the Insurance industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Erie Indemnity Co and its competitors. Erie Indemnity Co's current Sloan Ratio % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Erie Indemnity Co stock overvalued right now?
Based on GuruFocus' analysis, Erie Indemnity Co (ERIE) is currently considered Modestly Undervalued. The stock's GF Value™ is $363.58, compared to a current price of $264.85 — trading 27.2% below its estimated fair value. The current Sloan Ratio % is 0.00%. Erie Indemnity Co's overall GF Score™ is 63/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Erie Indemnity Co (ERIE), the current Sloan Ratio % is 0.00% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Erie Indemnity Co (ERIE) Overvalued in 2026?
Based on GuruFocus' analysis, Erie Indemnity Co stock appears to be undervalued.
The current stock price of $264.85 is trading 27.2% below its estimated GF Value™ of $363.58.
GuruFocus considers Erie Indemnity Co to be Modestly Undervalued.
Key valuation signals for ERIE:
Sloan Ratio %: 0.00%
GF Value™: $363.58 vs. price of $264.85 (27.2% below fair value)
No single metric tells the full story. See the ERIE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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. The company operates exclusively in the United States.
63GF Score
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Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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