Erie Historical Balance Sheet From 2010 to 2024

ERIE Stock  USD 380.35  2.16  0.57%   
Trend analysis of Erie Indemnity balance sheet accounts such as Total Stockholder Equity of 971 M or Property Plant And Equipment Net of 464.7 M provides information on Erie Indemnity's total assets, liabilities, and equity, which is the actual value of Erie Indemnity to its prevalent stockholders. By breaking down trends over time using Erie Indemnity balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Erie Indemnity. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
For information on how to trade Erie Stock refer to our How to Trade Erie Stock guide.

About Erie Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Erie Indemnity at a specified time, usually calculated after every quarter, six months, or one year. Erie Indemnity Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Erie Indemnity and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Erie currently owns. An asset can also be divided into two categories, current and non-current.

Erie Indemnity Balance Sheet Chart

Erie Indemnity Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Erie Indemnity uses and utilizes its capital. It also shows what exactly a company owns and owes.
At present, Erie Indemnity's Property Plant And Equipment Net is projected to increase significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 153.9 M, whereas Total Stockholder Equity is forecasted to decline to about 971 M.

Total Assets

Total assets refers to the total amount of Erie Indemnity assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Erie Indemnity books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from Erie Indemnity's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Erie Indemnity current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Erie Indemnity. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
For information on how to trade Erie Stock refer to our How to Trade Erie Stock guide.At present, Erie Indemnity's Enterprise Value Over EBITDA is projected to decrease significantly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 28.57, whereas Selling General Administrative is forecasted to decline to about 49.9 M.
 2021 2022 2023 2024 (projected)
Gross Profit2.7B376.8M511.2M485.7M
Total Revenue2.7B2.8B3.3B2.2B

Erie Indemnity fundamental ratios Correlations

-0.51-0.35-0.38-0.85-0.11-0.74-0.990.990.95-0.170.99-0.150.99-0.450.790.77-0.750.750.99-0.470.990.46-0.87-0.42-0.47
-0.510.860.780.360.710.870.53-0.6-0.29-0.47-0.56-0.46-0.530.81-0.54-0.470.76-0.19-0.570.07-0.580.080.440.860.07
-0.350.860.840.230.870.870.39-0.43-0.11-0.61-0.39-0.6-0.360.69-0.39-0.330.65-0.17-0.42-0.01-0.420.350.320.86-0.01
-0.380.780.840.350.530.770.48-0.49-0.14-0.35-0.46-0.33-0.450.55-0.44-0.380.49-0.32-0.49-0.32-0.490.20.330.97-0.32
-0.850.360.230.35-0.10.550.83-0.83-0.860.36-0.840.38-0.850.09-0.53-0.510.51-0.96-0.840.33-0.83-0.410.920.360.33
-0.110.710.870.53-0.10.70.11-0.170.13-0.88-0.13-0.88-0.090.72-0.21-0.150.60.19-0.150.08-0.160.570.090.580.08
-0.740.870.870.770.550.70.76-0.79-0.53-0.41-0.77-0.42-0.740.75-0.71-0.650.87-0.44-0.780.24-0.790.080.610.810.24
-0.990.530.390.480.830.110.76-0.99-0.90.14-0.990.12-1.00.48-0.8-0.780.71-0.76-0.990.33-0.99-0.430.850.50.33
0.99-0.6-0.43-0.49-0.83-0.17-0.79-0.990.89-0.11.0-0.070.99-0.530.810.78-0.770.731.0-0.361.00.39-0.85-0.53-0.36
0.95-0.29-0.11-0.14-0.860.13-0.53-0.90.89-0.420.91-0.40.92-0.190.680.68-0.610.780.9-0.620.90.63-0.83-0.17-0.62
-0.17-0.47-0.61-0.350.36-0.88-0.410.14-0.1-0.42-0.131.0-0.17-0.63-0.02-0.07-0.37-0.43-0.110.17-0.1-0.730.13-0.40.17
0.99-0.56-0.39-0.46-0.84-0.13-0.77-0.991.00.91-0.13-0.11.0-0.50.810.78-0.740.741.0-0.371.00.42-0.85-0.5-0.37
-0.15-0.46-0.6-0.330.38-0.88-0.420.12-0.07-0.41.0-0.1-0.15-0.670.02-0.03-0.38-0.45-0.090.14-0.08-0.720.15-0.380.14
0.99-0.53-0.36-0.45-0.85-0.09-0.74-1.00.990.92-0.171.0-0.15-0.460.80.78-0.720.761.0-0.381.00.45-0.86-0.47-0.38
-0.450.810.690.550.090.720.750.48-0.53-0.19-0.63-0.5-0.67-0.46-0.56-0.510.670.06-0.490.02-0.510.130.260.610.02
0.79-0.54-0.39-0.44-0.53-0.21-0.71-0.80.810.68-0.020.810.020.8-0.561.0-0.70.420.8-0.330.810.3-0.56-0.47-0.33
0.77-0.47-0.33-0.38-0.51-0.15-0.65-0.780.780.68-0.070.78-0.030.78-0.511.0-0.640.410.77-0.330.780.33-0.53-0.41-0.33
-0.750.760.650.490.510.60.870.71-0.77-0.61-0.37-0.74-0.38-0.720.67-0.7-0.64-0.34-0.750.55-0.76-0.020.630.570.55
0.75-0.19-0.17-0.32-0.960.19-0.44-0.760.730.78-0.430.74-0.450.760.060.420.41-0.340.75-0.220.740.37-0.85-0.28-0.22
0.99-0.57-0.42-0.49-0.84-0.15-0.78-0.991.00.9-0.111.0-0.091.0-0.490.80.77-0.750.75-0.361.00.39-0.86-0.52-0.36
-0.470.07-0.01-0.320.330.080.240.33-0.36-0.620.17-0.370.14-0.380.02-0.33-0.330.55-0.22-0.36-0.37-0.350.37-0.251.0
0.99-0.58-0.42-0.49-0.83-0.16-0.79-0.991.00.9-0.11.0-0.081.0-0.510.810.78-0.760.741.0-0.370.39-0.86-0.52-0.37
0.460.080.350.2-0.410.570.08-0.430.390.63-0.730.42-0.720.450.130.30.33-0.020.370.39-0.350.39-0.380.18-0.35
-0.870.440.320.330.920.090.610.85-0.85-0.830.13-0.850.15-0.860.26-0.56-0.530.63-0.85-0.860.37-0.86-0.380.370.37
-0.420.860.860.970.360.580.810.5-0.53-0.17-0.4-0.5-0.38-0.470.61-0.47-0.410.57-0.28-0.52-0.25-0.520.180.37-0.25
-0.470.07-0.01-0.320.330.080.240.33-0.36-0.620.17-0.370.14-0.380.02-0.33-0.330.55-0.22-0.361.0-0.37-0.350.37-0.25
Click cells to compare fundamentals

Erie Indemnity Account Relationship Matchups

Erie Indemnity fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.0B2.1B2.2B2.2B2.5B4.6B
Short Long Term Debt Total99.7M97.8M95.9M93.8M107.9M76.9M
Total Stockholder Equity1.1B1.2B1.3B1.4B1.7B971.0M
Property Plant And Equipment Net221.4M265.3M374.8M413.9M442.6M464.7M
Net Debt(238.9M)(65.4M)(89.9M)(142.1M)(144.1M)(151.3M)
Retained Earnings2.4B2.4B2.5B2.6B2.8B1.7B
Non Current Assets Total1.0B1.3B1.4B1.4B1.5B844.4M
Non Currrent Assets Other(1.0B)(1.3B)(1.4B)(14.1M)146.6M153.9M
Other Assets131.6M153.2M132.2M167.1M38.6M36.7M
Net Receivables469.1M497.3M479.1M524.9M634.8M881.9M
Common Stock Shares Outstanding52.7M52.7M52.7M52.7M52.7M56.2M
Liabilities And Stockholders Equity2.0B2.1B2.2B2.2B2.5B4.6B
Non Current Liabilities Total114.3M112.7M109.4M502.5M100.2M95.1M
Other Stockholder Equity(1.1B)(1.1B)(1.1B)(1.1B)(1.2B)(1.1B)
Total Liab883.0M929.1M899.6M791.0M847.8M805.4M
Total Current Assets838.6M676.2M701.2M691.3M930.2M816.3M
Other Current Liab(435.8M)(452.0M)(446.1M)(502.5M)(41.2M)(39.1M)
Total Current Liabilities435.8M452.0M446.1M502.5M709.0M673.5M
Accounts Payable397.9M413.0M409.1M465.9M175.6M151.1M
Cash336.7M161.2M183.7M142.1M144.1M179.3M
Cash And Short Term Investments369.5M178.9M222.1M166.4M226.1M214.8M
Short Term Investments32.8M17.7M38.4M24.3M82.0M77.9M
Other Current Assets521.9M58.7M62.5M87.5M(860.9M)(903.9M)
Property Plant And Equipment Gross83.1M130.8M221.4M265.3M305.1M320.4M
Accumulated Other Comprehensive Income(116.9M)(78.1M)(25.3M)(7.4M)9.7M10.2M
Other Liab188.8M207.6M177.0M125.9M113.3M107.7M
Property Plant Equipment243.8M265.3M374.8M413.9M476.0M499.8M
Net Tangible Assets1.1B1.2B1.3B1.4B1.3B1.5B
Long Term Debt97.9M95.8M93.8M91.7M105.5M110.8M
Retained Earnings Total Equity2.4B2.4B2.5B2.6B3.0B1.5B
Deferred Long Term Liab13.7M14.9M14.6M27.8M25.0M23.8M
Long Term Investments724.7M973.0M966.4M930.9M1.0B993.2M
Non Current Liabilities Other185.7M192.7M162.4M98.1M88.3M83.9M
Capital Surpluse16.5M16.5M16.5M16.5M19.0M18.1M
Short Term Debt2.0M2.0M2.1M300.0M533.4M560.0M
Long Term Debt Total97.9M95.8M93.8M91.7M105.5M87.8M

Erie Indemnity Investors Sentiment

The influence of Erie Indemnity's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Erie. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Erie Indemnity's public news can be used to forecast risks associated with an investment in Erie. The trend in average sentiment can be used to explain how an investor holding Erie can time the market purely based on public headlines and social activities around Erie Indemnity. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Erie Indemnity's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Erie Indemnity's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Erie Indemnity's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Erie Indemnity.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Erie Indemnity in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Erie Indemnity's short interest history, or implied volatility extrapolated from Erie Indemnity options trading.

Pair Trading with Erie Indemnity

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Erie Indemnity position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Erie Indemnity will appreciate offsetting losses from the drop in the long position's value.

Moving together with Erie Stock

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Moving against Erie Stock

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The ability to find closely correlated positions to Erie Indemnity could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Erie Indemnity when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Erie Indemnity - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Erie Indemnity to buy it.
The correlation of Erie Indemnity is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Erie Indemnity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Erie Indemnity moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Erie Indemnity can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Erie Indemnity is a strong investment it is important to analyze Erie Indemnity's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Erie Indemnity's future performance. For an informed investment choice regarding Erie Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Erie Indemnity. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
For information on how to trade Erie Stock refer to our How to Trade Erie Stock guide.
You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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When running Erie Indemnity's price analysis, check to measure Erie Indemnity's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Erie Indemnity is operating at the current time. Most of Erie Indemnity's value examination focuses on studying past and present price action to predict the probability of Erie Indemnity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Erie Indemnity's price. Additionally, you may evaluate how the addition of Erie Indemnity to your portfolios can decrease your overall portfolio volatility.
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Is Erie Indemnity's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Erie Indemnity. If investors know Erie will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Erie Indemnity listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.697
Dividend Share
4.845
Earnings Share
8.51
Revenue Per Share
70.773
Quarterly Revenue Growth
0.167
The market value of Erie Indemnity is measured differently than its book value, which is the value of Erie that is recorded on the company's balance sheet. Investors also form their own opinion of Erie Indemnity's value that differs from its market value or its book value, called intrinsic value, which is Erie Indemnity's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Erie Indemnity's market value can be influenced by many factors that don't directly affect Erie Indemnity's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Erie Indemnity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Erie Indemnity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Erie Indemnity's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.