ERIE Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	11.61B EUR	12.54B EUR	13.14B EUR	14.99B EUR
Enterprise Value	11.6B EUR	12.29B EUR	12.91B EUR	14.67B EUR
Valuation Multiples
Trailing P/E	20.13x	21.73x	23x	35.61x
Forward P/E	15.85x	--	--	--
Price to Sales	2.82x	3x	3.16x	5.12x
Price to Book	4.71x	5.08x	5.58x	6.56x
EV/Revenue	2.82x	2.94x	3.1x	5.01x
EV/EBITDA	13.9x	--	--	--
Price to FCF (P/FCF)	24.13x	22.67x	24.47x	31.06x
EV/FCF	24.11x	22.23x	24.04x	30.41x
FCF Yield	4.14%	4.41%	4.09%	3.22%