Erie Return On Equity from 2010 to 2024
| ERIE Stock | USD 440.56 2.44 0.56% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter 0.26825331 | Current Value 0.17 | Quarterly Volatility 0.03347917 |
Check Erie Indemnity financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Erie Indemnity's main balance sheet or income statement drivers, such as Depreciation And Amortization of 106.7 M, Interest Expense of 0.0 or Total Revenue of 2.2 B, as well as many indicators such as Price To Sales Ratio of 3.28, Dividend Yield of 0.017 or PTB Ratio of 9.77. Erie financial statements analysis is a perfect complement when working with Erie Indemnity Valuation or Volatility modules.
Erie | Return On Equity |
Latest Erie Indemnity's Return On Equity Growth Pattern
Below is the plot of the Return On Equity of Erie Indemnity over the last few years. Return on Equity is the amount of Erie Indemnity net income returned as a percentage of Erie Indemnity equity. Return on equity measures Erie Indemnity profitability by revealing how much profit Erie Indemnity generates with the money shareholders have invested. It is a measure of the profitability of a business in relation to the equity, calculated by dividing net income by shareholder's equity. Erie Indemnity's Return On Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Erie Indemnity's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 0.31 | 10 Years Trend |
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Return On Equity |
| Timeline |
Erie Return On Equity Regression Statistics
| Arithmetic Mean | 0.24 | |
| Geometric Mean | 0.24 | |
| Coefficient Of Variation | 13.88 | |
| Mean Deviation | 0.03 | |
| Median | 0.24 | |
| Standard Deviation | 0.03 | |
| Sample Variance | 0 | |
| Range | 0.126 | |
| R-Value | (0.27) | |
| Mean Square Error | 0 | |
| R-Squared | 0.07 | |
| Significance | 0.34 | |
| Slope | (0) | |
| Total Sum of Squares | 0.02 |
Erie Return On Equity History
About Erie Indemnity Financial Statements
Erie Indemnity stakeholders use historical fundamental indicators, such as Erie Indemnity's Return On Equity, to determine how well the company is positioned to perform in the future. Although Erie Indemnity investors may analyze each financial statement separately, they are all interrelated. For example, changes in Erie Indemnity's assets and liabilities are reflected in the revenues and expenses on Erie Indemnity's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Erie Indemnity. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Return On Equity | 0.27 | 0.17 |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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 the analysis of Erie Indemnity Correlation against competitors. For information on how to trade Erie Stock refer to our How to Trade Erie Stock guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Is Property & Casualty Insurance space 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 0.22 | Dividend Share 5.1 | Earnings Share 10.71 | Revenue Per Share 79.861 | Quarterly Revenue Growth 0.164 |
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.