Stock fact sheet · data as of
Erie Indemnity Company (ERIE): fair value, margin of safety and Wheel Score
Ticker symbol ERIE · Financial Services · Insurance - Property & Casualty · United States · Class A common stock · Growth
ERIE is Erie Indemnity Company's Class A common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is ERIE undervalued?
Erie Indemnity Company (ERIE) closed at 279.96 on 5 Nov 2026, 18% above the GLS average fair value of 237.17. Only 4 of the 9 models that produced a number value the shares above the current price. The margin of safety is negative, so the stock fails the "below fair value" Wheel Trade Filter; a premium of this size is common for companies whose growth the models are conservative about.
There is a wide gap between Lynch (45.62) and GLS Growth (437.05). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
Ranked against every other company we cover, ERIE is clearly faster-growing than it is cheap, so the nightly engine files it under Growth (value score 26, growth score 56, out of 100).
Nine valuation models for ERIE
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 387.06 | +38% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 124.54 | -56% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 192.88 | -31% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 45.62 | -84% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 437.05 | +56% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 325.94 | +16% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 396.78 | +42% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 86.08 | -69% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 138.59 | -50% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 1.32 | -100% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Erie Indemnity Company scores 6 of 9 on the Piotroski F-score: a middling result that passes the "Piotroski 6 or more" Wheel Trade Filter. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 9.6/10 puts ERIE among the more durable businesses we track: over up to ten years its returns on capital have stayed high, its margins steady and its balance sheet sound.
Returns on capital are high - ROIC 24.5%, ROE 24.5%, ROA 16.7% - with debt at 0.00 times equity and a free-cash-flow yield of 4.3%.
The dividend yield is 2.09% at a payout ratio of 46%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Policy Issuance and Renewal Services 99%, Service Agreement 1% (quarter Q3 FY2026).
Institutional ownership scores 6/10, insider activity 9/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 24.5% |
|---|---|---|---|
| GLS Moat | 9.6 / 10 | ROE | 24.5% |
| Debt / equity | 0.00 | ROA | 16.7% |
| Free-cash-flow yield | 4.3% | Payout ratio | 46% |
| Institutions | 6 / 10 | Insiders · Congress | 9 · 5 / 10 |
Wheel Score 42: Weak
With a Wheel Score of 42 Erie Indemnity Company sits in the Weak band. It fails filter 3, below fair value - trades 18% above our fair value; Value (weak) is its weakest part.
Implied volatility is 36% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 1,459 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 289k shares a day on a market cap of $12.9B, with a beta of 0.33 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that good.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Fails | trades 18% above our fair value |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 18% above fair value | |
| Premium | Strong | implied volatility 36% | |
| Moat | Strong | moat 9.6/10 | |
| Health | Good | Piotroski 6/9 | |
| Red Flags | Strong | Red Flags score 90/100 | |
| Option trading | Weak | 488 contracts a day, 1,459 open interest | |
| Stability | Good | beta 0.33, $12.9B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for ERIE in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Insurance - Property & Casualty
The 12 companies below are the closest to Erie Indemnity Company by market cap within the Insurance - Property & Casualty industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
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| CNA CNA Financial Corporation | 48.02 | 113.38 | +58% | 53Fair | $13.0B |
| AFG American Financial Group, Inc. | 154.77 | 185.90 | +17% | 38Weak | $12.8B |
| AIZN Assurant, Inc. 5.25% Subordinat | 16.91 | 153.03 | +89% | 29No options | $15.2B |
| AIZ Assurant, Inc. | 308.52 | 518.65 | +41% | 48Weak | $15.2B |
| ORI Old Republic International Corporation | 39.96 | 56.77 | +30% | 39Weak | $9.6B |
| KNSL Kinsale Capital Group, Inc. | 391.73 | 618.66 | +37% | 82Good | $8.8B |
| THG The Hanover Insurance Group, Inc. | 249.93 | 573.77 | +56% | 75Good | $8.6B |
| L Loews Corporation | 111.67 | 209.81 | +47% | 48Weak | $22.6B |
| MKL Markel Corporation | 1,954.51 | 4,032.71 | +52% | 41Weak | $23.9B |
| HGTY Hagerty, Inc. | 18.71 | 24.70 | +24% | 43Weak | $6.4B |
| RLI RLI Corp. | 68.91 | 77.16 | +11% | 36Weak | $6.3B |
| SIGI Selective Insurance Group, Inc. | 103.20 | 220.39 | +53% | 43Weak | $6.1B |
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Start free See the Sunday ScanQuestions about ERIE
What kind of share is ERIE?
ERIE is Erie Indemnity Company's Class A common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is ERIE undervalued right now?
No: at 279.96 the stock trades 18% above the GLS average fair value of 237.17 (data as of 5 Nov 2026). The margin of safety is negative.
What is the Wheel Score of ERIE and what does it mean?
ERIE scores 42 out of 100 (Weak) - it fails Wheel Trade Filter 3. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for ERIE?
237.17 per share as of 5 Nov 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Erie Indemnity Company report earnings next?
No upcoming earnings date is recorded for ERIE in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does ERIE have listed options, and how liquid are they?
Yes. The nightly snapshot found 100 listed contracts with 1,459 open interest across all expiries and implied volatility of 36% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.