• Erie Indemnity average price/book ratio for 2024 was 10.41, a 37.52% decline from 2023.
• Erie Indemnity average price/book ratio for 2023 was 7.57, a 12.82% increase from 2022.
• Erie Indemnity average price/book ratio for 2022 was 6.71, a 0.9% increase from 2021.

Price/book ratio can be defined as