Erie Indemnity Net Worth
Erie Indemnity Net Worth Breakdown | ERIE |
Erie Indemnity Net Worth Analysis
Erie Indemnity's net worth analysis, or its valuation, is the process of determining the total value of the company. This involves assessing a range of factors, including Erie Indemnity's financial performance, assets, liabilities, and potential for growth. The ultimate goal is to provide a clear understanding of Erie Indemnity's overall worth, which can help investors make informed investment decisions. There are several methods that can be used to perform Erie Indemnity's net worth analysis. One common approach is to calculate Erie Indemnity's market capitalization.Another approach is to use the price-to-earnings ratio (P/E ratio), which compares Erie Indemnity's stock price to its earnings per share (EPS). Discounted cash flow (DCF) analysis is another popular method for assessing Erie Indemnity's net worth. This approach calculates the present value of Erie Indemnity's future cash flows, taking into account factors such as growth rate, profitability, and risk. By comparing the present value of Erie Indemnity's cash flows to its current stock price, investors can gain a better understanding of the company's overall value. Finally, investors may use comparable company analysis to evaluate Erie Indemnity's net worth. This involves comparing Erie Indemnity's financial metrics to similar companies in the same industry. By identifying companies with similar financial characteristics, investors can gain insight into Erie Indemnity's net worth relative to its peers.
Enterprise Value |
|
To determine if Erie Indemnity is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Erie Indemnity's net worth research are outlined below:
| About 46.0% of the company shares are held by company insiders | |
| On 22nd of January 2025 Erie Indemnity paid $ 1.365 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: GBLI Global Indemnity Improved Underwriting Results Supports Near-Term Price Target of 50.00 |
Erie Indemnity uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Erie Indemnity. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Erie Indemnity's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 6th of March 2024 Upcoming Quarterly Report | View | |
| 25th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 6th of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Erie Indemnity Target Price Consensus
Erie target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Erie Indemnity's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| One | Strong Buy |
Most Erie analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Erie stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Erie Indemnity, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationErie Indemnity Target Price Projection
Erie Indemnity's current and average target prices are 414.27 and 115.00, respectively. The current price of Erie Indemnity is the price at which Erie Indemnity is currently trading. On the other hand, Erie Indemnity's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
Erie Indemnity Market Quote on 19th of March 2025
Target Price
Analyst Consensus On Erie Indemnity Target Price
Know Erie Indemnity's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Erie Indemnity is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Erie Indemnity backward and forwards among themselves. Erie Indemnity's institutional investor refers to the entity that pools money to purchase Erie Indemnity's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Charles Schwab Investment Management Inc | 2024-12-31 | 157.2 K | Ubs Asset Mgmt Americas Inc | 2024-12-31 | 151.7 K | Caisse De Depot Et Placement Du Quebec | 2024-12-31 | 148 K | Bank Of New York Mellon Corp | 2024-12-31 | 141.1 K | Atlantic Union Bankshares Corp | 2024-12-31 | 111.4 K | Deutsche Bank Ag | 2024-12-31 | 107.2 K | Ubs Group Ag | 2024-12-31 | 101.6 K | Legal & General Group Plc | 89.5 K | Millennium Management Llc | 2024-12-31 | 83.1 K | Pnc Financial Services Group Inc | 2024-12-31 | 4.9 M | Vanguard Group Inc | 2024-12-31 | 3 M |
Follow Erie Indemnity's market capitalization trends
The company currently falls under 'Large-Cap' category with a current market capitalization of 22.24 B.Market Cap |
|
Project Erie Indemnity's profitablity
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.21 | 0.22 | |
| Return On Capital Employed | 0.32 | 0.34 | |
| Return On Assets | 0.21 | 0.22 | |
| Return On Equity | 0.30 | 0.18 |
When accessing Erie Indemnity's net worth, it's important to look at multiple sources and consider different scenarios. For example, gross profit margin measures Erie Indemnity's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Erie Indemnity's profitability and make more informed investment decisions.
Please note, the presentation of Erie Indemnity's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Erie Indemnity's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Erie Indemnity's management manipulating its earnings.
Evaluate Erie Indemnity's management efficiency
Erie Indemnity has return on total asset (ROA) of 0.1655 % which means that it generated a profit of $0.1655 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.3289 %, meaning that it created $0.3289 on every $100 dollars invested by stockholders. Erie Indemnity's management efficiency ratios could be used to measure how well Erie Indemnity manages its routine affairs as well as how well it operates its assets and liabilities. At present, Erie Indemnity's Return On Capital Employed is projected to increase slightly based on the last few years of reporting. The current year's Return On Assets is expected to grow to 0.22, whereas Return On Equity is forecasted to decline to 0.18. At present, Erie Indemnity's Non Currrent Assets Other are projected to increase significantly based on the last few years of reporting. The current year's Net Tangible Assets is expected to grow to about 1.5 B, whereas Other Assets are forecasted to decline to about 42.2 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 43.02 | 27.87 | |
| Tangible Book Value Per Share | 43.02 | 25.03 | |
| Enterprise Value Over EBITDA | 27.71 | 29.09 | |
| Price Book Value Ratio | 9.58 | 10.06 | |
| Enterprise Value Multiple | 27.71 | 29.09 | |
| Price Fair Value | 9.58 | 10.06 | |
| Enterprise Value | 18.7 B | 19.7 B |
The operational strategies employed by Erie Indemnity management play a crucial role in its market positioning. Assessing these strategies alongside financial data helps us evaluate the stock's investment potential.
Enterprise Value Revenue 5.5883 | Revenue | Quarterly Revenue Growth 0.13 | Revenue Per Share | Return On Equity |
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Erie Indemnity insiders, such as employees or executives, is commonly permitted as long as it does not rely on Erie Indemnity's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Erie Indemnity insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Erie Indemnity Corporate Filings
F4 | 17th of March 2025 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
| 28th of February 2025 Other Reports | ViewVerify | |
8K | 27th of February 2025 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 7th of February 2025 Other Reports | ViewVerify |
Erie Indemnity Earnings Estimation Breakdown
The calculation of Erie Indemnity's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Erie Indemnity is estimated to be 3.19 with the future projection ranging from a low of 3.19 to a high of 3.19. Please be aware that this consensus of annual earnings estimates for Erie Indemnity is based on EPS before non-recurring items and includes expenses related to employee stock options.Last Reported EPS
3.19 Lowest | Expected EPS | 3.19 Highest |
Erie Indemnity Earnings Projection Consensus
Suppose the current estimates of Erie Indemnity's value are higher than the current market price of the Erie Indemnity stock. In this case, investors may conclude that Erie Indemnity is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Erie Indemnity's stock will quickly adjusts to the new information provided by the consensus estimate.
| Number of Analysts | Historical Accuracy | Last Reported EPS | Estimated EPS for 31st of March 2025 | Current EPS (TTM) | |
| 1 | 92.41% | 2.908 | 3.19 | 11.5 |
Erie Indemnity Earnings per Share Projection vs Actual
Actual Earning per Share of Erie Indemnity refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Erie Indemnity predict the company's earnings will be in the future. The higher the earnings per share of Erie Indemnity, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.Erie Indemnity Estimated Months Earnings per Share
For an investor who is primarily interested in generating an income out of investing in entities such as Erie Indemnity, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Erie Indemnity should always be considered in relation to other companies to make a more educated investment decision.Erie Quarterly Analyst Estimates and Surprise Metrics
Earnings surprises can significantly impact Erie Indemnity's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2025-02-24 | 2024-12-31 | 2.9 | 2.908 | 0.008 | 0 | ||
2024-10-31 | 2024-09-30 | 3.02 | 3.06 | 0.04 | 1 | ||
2024-07-25 | 2024-06-30 | 2.58 | 3.13 | 0.55 | 21 | ||
2024-04-25 | 2024-03-31 | 2.29 | 2.38 | 0.09 | 3 | ||
2024-02-26 | 2023-12-31 | 2.03 | 2.12 | 0.09 | 4 | ||
2023-10-26 | 2023-09-30 | 2.06 | 2.51 | 0.45 | 21 | ||
2023-07-27 | 2023-06-30 | 1.91 | 2.25 | 0.34 | 17 | ||
2023-04-27 | 2023-03-31 | 1.48 | 1.65 | 0.17 | 11 | ||
2023-03-01 | 2022-12-31 | 1.31 | 1.25 | -0.06 | 4 | ||
2022-10-27 | 2022-09-30 | 1.71 | 1.61 | -0.1 | 5 | ||
2022-07-28 | 2022-06-30 | 1.56 | 1.53 | -0.03 | 1 | ||
2022-04-28 | 2022-03-31 | 1.43 | 1.31 | -0.12 | 8 | ||
2022-02-24 | 2021-12-31 | 1.19 | 1.05 | -0.14 | 11 | ||
2021-10-28 | 2021-09-30 | 1.62 | 1.72 | 0.1 | 6 | ||
2021-07-29 | 2021-06-30 | 1.48 | 1.51 | 0.03 | 2 | ||
2021-04-29 | 2021-03-31 | 1.46 | 1.41 | -0.05 | 3 | ||
2021-02-25 | 2020-12-31 | 1.21 | 1.2 | -0.01 | 0 | ||
2020-10-29 | 2020-09-30 | 1.5 | 1.71 | 0.21 | 14 | ||
2020-07-30 | 2020-06-30 | 1.41 | 1.57 | 0.16 | 11 | ||
2020-05-07 | 2020-03-31 | 1.52 | 1.13 | -0.39 | 25 | ||
2020-02-27 | 2019-12-31 | 1.29 | 1.14 | -0.15 | 11 | ||
2019-10-24 | 2019-09-30 | 1.66 | 1.8 | 0.14 | 8 | ||
2019-07-25 | 2019-06-30 | 1.67 | 1.68 | 0.01 | 0 | ||
2019-05-02 | 2019-03-31 | 1.38 | 1.44 | 0.06 | 4 | ||
2019-02-21 | 2018-12-31 | 1.02 | 1.19 | 0.17 | 16 | ||
2018-10-25 | 2018-09-30 | 1.31 | 1.54 | 0.23 | 17 | ||
2018-07-26 | 2018-06-30 | 1.43 | 1.52 | 0.09 | 6 | ||
2018-04-26 | 2018-03-31 | 1.12 | 1.26 | 0.14 | 12 | ||
2018-02-22 | 2017-12-31 | 0.76 | 0.8 | 0.04 | 5 | ||
2017-10-26 | 2017-09-30 | 1.1 | 1.12 | 0.02 | 1 | ||
2017-07-27 | 2017-06-30 | 1.21 | 1.12 | -0.09 | 7 | ||
2017-05-01 | 2017-03-31 | 0.95 | 0.91 | -0.04 | 4 | ||
2017-02-23 | 2016-12-31 | 0.81 | 0.87 | 0.06 | 7 | ||
2016-10-27 | 2016-09-30 | 1.01 | 1.09 | 0.08 | 7 | ||
2016-07-28 | 2016-06-30 | 1.05 | 1.17 | 0.12 | 11 | ||
2016-04-28 | 2016-03-31 | 0.87 | 0.87 | 0.0 | 0 | ||
2016-02-25 | 2015-12-31 | 0.65 | 0.57 | -0.08 | 12 | ||
2015-10-29 | 2015-09-30 | 0.93 | 0.94 | 0.01 | 1 | ||
2015-07-30 | 2015-06-30 | 0.98 | 1.07 | 0.09 | 9 | ||
2015-04-30 | 2015-03-31 | 0.9 | 0.74 | -0.16 | 17 | ||
2015-02-26 | 2014-12-31 | 0.7 | 0.48 | -0.22 | 31 | ||
2014-10-30 | 2014-09-30 | 0.93 | 0.9 | -0.03 | 3 | ||
2014-07-31 | 2014-06-30 | 0.94 | 0.94 | 0.0 | 0 | ||
2014-05-01 | 2014-03-31 | 0.78 | 0.87 | 0.09 | 11 | ||
2014-02-27 | 2013-12-31 | 0.54 | 0.67 | 0.13 | 24 | ||
2013-10-31 | 2013-09-30 | 0.96 | 0.86 | -0.1 | 10 | ||
2013-08-01 | 2013-06-30 | 0.92 | 0.84 | -0.08 | 8 | ||
2013-04-29 | 2013-03-31 | 0.72 | 0.69 | -0.03 | 4 | ||
2013-02-26 | 2012-12-31 | 0.54 | 0.54 | 0.0 | 0 | ||
2012-11-01 | 2012-09-30 | 0.83 | 0.93 | 0.1 | 12 | ||
2012-08-02 | 2012-06-30 | 0.94 | 0.82 | -0.12 | 12 | ||
2012-05-03 | 2012-03-31 | 0.8 | 0.64 | -0.16 | 20 | ||
2012-02-27 | 2011-12-31 | 0.58 | 0.47 | -0.11 | 18 | ||
2011-11-03 | 2011-09-30 | 0.77 | 0.93 | 0.16 | 20 | ||
2011-08-02 | 2011-06-30 | 0.76 | 0.87 | 0.11 | 14 | ||
2011-05-05 | 2011-03-31 | 0.71 | 0.77 | 0.06 | 8 | ||
2011-02-24 | 2010-12-31 | 0.67 | 0.32 | -0.35 | 52 | ||
2010-11-04 | 2010-09-30 | 0.72 | 0.89 | 0.17 | 23 | ||
2010-07-29 | 2010-06-30 | 0.74 | 0.89 | 0.15 | 20 | ||
2010-05-06 | 2010-03-31 | 0.53 | 0.77 | 0.24 | 45 | ||
2010-02-25 | 2009-12-31 | 0.48 | 0.39 | -0.09 | 18 | ||
2009-10-29 | 2009-09-30 | 0.65 | 0.66 | 0.01 | 1 | ||
2009-08-05 | 2009-06-30 | 0.71 | 0.56 | -0.15 | 21 | ||
2009-04-30 | 2009-03-31 | 0.54 | 0.29 | -0.25 | 46 | ||
2009-02-26 | 2008-12-31 | 0.51 | 0.29 | -0.22 | 43 | ||
2008-11-05 | 2008-09-30 | 0.78 | 0.54 | -0.24 | 30 | ||
2008-07-30 | 2008-06-30 | 0.92 | 0.87 | -0.05 | 5 | ||
2008-04-30 | 2008-03-31 | 0.8 | 0.78 | -0.02 | 2 | ||
2008-02-27 | 2007-12-31 | 0.64 | 0.69 | 0.05 | 7 | ||
2007-10-31 | 2007-09-30 | 0.88 | 0.84 | -0.04 | 4 | ||
2007-08-01 | 2007-06-30 | 0.81 | 1.09 | 0.28 | 34 | ||
2007-05-02 | 2007-03-31 | 0.71 | 0.86 | 0.15 | 21 | ||
2007-02-26 | 2006-12-31 | 0.68 | 0.69 | 0.01 | 1 | ||
2006-11-01 | 2006-09-30 | 0.77 | 0.83 | 0.06 | 7 | ||
2006-08-02 | 2006-06-30 | 0.84 | 0.87 | 0.03 | 3 | ||
2006-05-03 | 2006-03-31 | 0.85 | 0.72 | -0.13 | 15 | ||
2006-02-22 | 2005-12-31 | 0.72 | 0.67 | -0.05 | 6 | ||
2005-11-02 | 2005-09-30 | 0.83 | 0.74 | -0.09 | 10 | ||
2005-08-03 | 2005-06-30 | 0.89 | 1.01 | 0.12 | 13 | ||
2005-04-25 | 2005-03-31 | 0.78 | 0.78 | 0.0 | 0 | ||
2005-02-23 | 2004-12-31 | 0.78 | 0.76 | -0.02 | 2 | ||
2004-10-27 | 2004-09-30 | 0.83 | 0.83 | 0.0 | 0 | ||
2004-07-28 | 2004-06-30 | 0.81 | 0.78 | -0.03 | 3 | ||
2004-04-22 | 2004-03-31 | 0.72 | 0.67 | -0.05 | 6 | ||
2004-02-25 | 2003-12-31 | 0.66 | 0.69 | 0.03 | 4 | ||
2003-10-29 | 2003-09-30 | 0.74 | 0.78 | 0.04 | 5 | ||
2003-07-24 | 2003-06-30 | 0.75 | 0.74 | -0.01 | 1 | ||
2003-04-24 | 2003-03-31 | 0.68 | 0.65 | -0.03 | 4 | ||
2003-02-26 | 2002-12-31 | 0.49 | 0.5 | 0.01 | 2 | ||
2002-11-05 | 2002-09-30 | 0.72 | 0.69 | -0.03 | 4 | ||
2002-07-24 | 2002-06-30 | 0.7 | 0.73 | 0.03 | 4 | ||
2002-04-22 | 2002-03-31 | 0.57 | 0.61 | 0.04 | 7 | ||
2002-02-26 | 2001-12-31 | 0.5 | 0.35 | -0.15 | 30 | ||
2001-10-24 | 2001-09-30 | 0.57 | 0.53 | -0.04 | 7 | ||
2001-07-19 | 2001-06-30 | 0.56 | 0.64 | 0.08 | 14 | ||
2001-04-19 | 2001-03-31 | 0.52 | 0.48 | -0.04 | 7 | ||
2001-02-21 | 2000-12-31 | 0.5 | 0.45 | -0.05 | 10 | ||
2000-10-20 | 2000-09-30 | 0.54 | 0.57 | 0.03 | 5 | ||
2000-07-19 | 2000-06-30 | 0.52 | 0.59 | 0.07 | 13 | ||
2000-04-19 | 2000-03-31 | 0.45 | 0.5 | 0.05 | 11 | ||
2000-02-15 | 1999-12-31 | 0.44 | 0.44 | 0.0 | 0 | ||
1999-10-20 | 1999-09-30 | 0.49 | 0.52 | 0.03 | 6 | ||
1999-07-20 | 1999-06-30 | 0.48 | 0.53 | 0.05 | 10 | ||
1999-04-16 | 1999-03-31 | 0.45 | 0.45 | 0.0 | 0 | ||
1999-02-17 | 1998-12-31 | 0.41 | 0.43 | 0.02 | 4 | ||
1998-10-15 | 1998-09-30 | 0.46 | 0.48 | 0.02 | 4 | ||
1998-07-16 | 1998-06-30 | 0.45 | 0.48 | 0.03 | 6 | ||
1997-10-15 | 1997-09-30 | 0.43 | 0.43 | 0.0 | 0 | ||
1997-07-16 | 1997-06-30 | 0.41 | 0.41 | 0.0 | 0 | ||
1997-04-18 | 1997-03-31 | 0.36 | 0.38 | 0.02 | 5 |
Erie Indemnity Corporate Management
| CPCU CPA | Ex CFO | Profile | |
| Marc CIC | Senior Underwriting | Profile | |
| Charles CIC | Senior Marketing | Profile | |
| Jeffrey CPCU | Senior Services | Profile | |
| CPCU FCAS | Ex Products | Profile | |
| Ronald Habursky | Senior Officer | Profile | |
| Bill Matrogran | Vice Operations | Profile |
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 closely tied 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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
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 0.373 | Dividend Share 5.19 | Earnings Share 11.5 | Revenue Per Share | Quarterly Revenue Growth 0.13 |
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.