ERIE
Erie Indemnity Company Financial Services - Insurance Investor Relations →
Erie Indemnity Company (ERIE) closed at $239.05 as of 2026-09-18, trading 23.3% below its 200-week moving average of $311.68. This places ERIE in the extreme value zone. The stock is currently moving closer to the line, down from -21.4% last week. The 14-week RSI sits at 55, indicating neutral momentum.
Trading volume is running at 1.2x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.85 ratio) is neutral — neither side is clearly dominating.
Over the past 1567 weeks of data, ERIE has crossed below its 200-week moving average 21 times. On average, these episodes lasted 14 weeks. Historically, investors who bought ERIE at the start of these episodes saw an average one-year return of +7.8%.
With a market cap of $12.5 billion, ERIE is a large-cap stock. The company generates a free cash flow yield of 3.9%. Return on equity stands at 24.8%, indicating strong profitability. The stock trades at 5.1x book value.
ERIE passes our Buffett quality screen: high return on equity, low debt, and positive free cash flow.
Over the past 30.1 years, a hypothetical investment of $100 in ERIE would have grown to $1480, compared to $1855 for the S&P 500. ERIE has returned 9.4% annualized vs 10.2% for the index, underperforming the broader market over this period.
Free cash flow has been growing at a 24.1% compound annual rate, with 4 consecutive years of positive cash generation. A business generating more cash every year while trading below its 200-week moving average is exactly the kind of disconnect value investors look for.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: ERIE vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After ERIE Crosses Below the Line?
Across 21 historical episodes, buying ERIE when it crossed below its 200-week moving average produced an average return of +9.2% after 12 months (median +3.0%), compared to +2.2% for the S&P 500 over the same periods. 50% of those episodes were profitable after one year. After 24 months, the average return was +34.5% vs +11.2% for the index.
Each line shows $100 invested at the moment ERIE crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. Between earnings dates, FCF is constant — so the score is purely a function of stock price. The levels below show at what prices ERIE would reach each dislocation threshold.
Dislocation Price Levels
Prices where ERIE's Bean Score would hit each σ threshold. Valid until next earnings report: 2026-10-29.
| Level | σ | Price | Signal |
|---|---|---|---|
| Deep Value | +2σ | $215.13 | Unusually cheap — analysis point |
| Value | +1σ | $227.52 | Cheap vs. own history |
| Fair Value | +0σ | $241.42 | Historical mean behavior |
| Expensive | -1σ | $257.13 | Expensive vs. own history |
| Deep Expensive | -2σ | $275.02 | Unusually expensive — analysis point |
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Recent Earnings
| Date | EPS Est. | EPS Actual | Surprise |
|---|---|---|---|
| 2026-07-30 | $3.35 | $3.45 | +2.9% |
| 2026-04-23 | $3.06 | $2.90 | -5.3% |
| 2026-02-23 | $1.59 | $2.76 | +73.7% |
| 2025-10-30 | $3.37 | $3.49 | +3.5% |
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
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Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are analysis points: prices at which the yield deviation becomes unusual enough to justify the work. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from ERIE's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. Each one is an analysis point, a reason to open the filings. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
ERIE has crossed below its 200-week MA 21 times with an average 1-year return of +7.8% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Dec 1996 | Jan 1997 | 8 | 10.5% | +5.7% | +1749.9% |
| Mar 1997 | Jun 1997 | 11 | 3.9% | +13.7% | +1705.9% |
| Nov 1997 | Mar 1998 | 20 | 5.1% | -8.7% | +1621.0% |
| Apr 1998 | Apr 1998 | 1 | 0.2% | -6.5% | +1616.0% |
| May 1998 | Jun 1998 | 2 | 4.1% | -6.6% | +1623.2% |
| Jun 1998 | Jul 1998 | 2 | 2.1% | -5.8% | +1645.4% |
| Aug 1998 | Dec 1998 | 19 | 15.4% | -5.4% | +1646.4% |
| Feb 1999 | Sep 1999 | 32 | 7.6% | +4.4% | +1663.1% |
| Jan 2000 | Jan 2000 | 1 | 2.6% | -2.1% | +1603.8% |
| Jan 2000 | Feb 2000 | 4 | 3.1% | -8.8% | +1553.9% |
| Apr 2000 | Jun 2000 | 10 | 5.7% | -2.8% | +1582.2% |
| Oct 2000 | Feb 2001 | 18 | 13.8% | +42.1% | +1614.9% |
| Mar 2001 | Mar 2001 | 2 | 3.8% | +45.2% | +1629.0% |
| Apr 2001 | Apr 2001 | 1 | 1.7% | +48.5% | +1630.1% |
| Jan 2008 | Jan 2008 | 2 | 2.9% | -20.0% | +740.7% |
| Feb 2008 | Mar 2008 | 2 | 1.1% | -30.7% | +742.1% |
| Jun 2008 | Mar 2010 | 95 | 38.1% | -23.0% | +728.6% |
| Jan 2022 | Jan 2022 | 1 | 0.5% | +42.4% | +48.4% |
| Feb 2022 | Mar 2022 | 4 | 4.3% | +40.6% | +51.3% |
| Apr 2022 | Jun 2022 | 9 | 10.7% | +34.3% | +48.5% |
| Oct 2025 | Ongoing | 47+ | 31.6% | Ongoing | -16.9% |
| Average | 14 | — | +7.8% | — |
Frequently Asked Questions
Is ERIE below its 200-week moving average?
Yes. As of 2026-09-18, Erie Indemnity Company (ERIE) is trading 23.3% below its 200-week moving average of $311.68. The current price is $239.05.
What is ERIE's 200-week moving average price?
Erie Indemnity Company's 200-week moving average is $311.68 as of 2026-09-18. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when ERIE drops below its 200-week moving average?
ERIE has crossed below its 200-week moving average 21 times in our data. On average, buying at that moment produced a one-year return of +7.8%. These dips have historically been decent entry points. These episodes lasted 14 weeks on average.
Is ERIE a good value right now?
Here's what our data says about ERIE as of 2026-09-18: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 55. Free cash flow yield is 3.9%. Return on equity is 24.8%. Price-to-book is 5.1x. This is not a buy or sell recommendation — always do your own research.
How does ERIE compare to the S&P 500?
Over the past 30.1 years, $100 invested in ERIE would have grown to $1480, compared to $1855 for the S&P 500. That's 9.4% annualized vs 10.2% for the index. ERIE has underperformed the broader market over this period.
Does ERIE pay a dividend?
Yes. Erie Indemnity Company currently pays a dividend yield of 245.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-09-18