Latest Ratios: P/E Ratio 5.8x · EV/EBITDA 7.1x · ROE 12.8%. (2005–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.1B | $1.3B | $1.9B | $848M | $350M | $232M | $186M | $274M | $1.2B | $2.2B | $1.2B |
| Enterprise Value | $1.7B | $967.2B | $454.3B | $194.2B | $90.7B | $14.7B | $6.6B | $13.3B | $13.9B | $8.4B | $3.8B |
| P/E Ratio → | 5.75 | 0.00 | 0.01 | 0.00 | — | — | — | 0.01 | 0.13 | 0.29 | 5.16 |
| P/S Ratio | 0.54 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.04 | 0.05 |
| P/B Ratio | 0.72 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.08 | 3.45 |
| P/FCF | — | — | — | — | 0.09 | — | 0.02 | 0.35 | 0.89 | — | 2.74 |
| P/OCF | 13.77 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.03 | 0.13 | 0.68 | 0.43 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.32 | 0.17 | 0.10 | 0.06 | 0.02 | 0.02 | 0.07 | 0.12 | 0.14 | 0.15 |
| EV / EBITDA | 7.13 | 2.68 | 1.64 | — | — | 0.40 | — | 0.68 | 0.94 | 1.21 | — |
| EV / EBIT | 17.17 | 1.62 | 0.65 | 0.14 | 0.16 | 0.11 | — | 0.22 | 0.60 | 0.67 | 1.28 |
| EV / FCF | — | — | — | — | 24.51 | — | 0.87 | 16.89 | 10.27 | — | 8.35 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 22.8% | 22.8% | 19.3% | 4.0% | 3.6% | 12.9% | 14.8% | 18.6% | 23.5% | 24.1% | 2.2% |
| Operating Margin | 5.0% | 5.0% | 2.2% | -17.0% | -15.0% | -3.1% | -21.8% | 5.3% | 8.1% | 6.0% | -10.8% |
| Net Profit Margin | 8.0% | 8.0% | 13.3% | 12.5% | -3.2% | -18.8% | -19.4% | 13.5% | 7.7% | 12.8% | 0.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.8% | 12.8% | 26.1% | 22.1% | -7.4% | -108.6% | -59.3% | 38.9% | 23.9% | 55.5% | 25.5% |
| ROA | 4.9% | 4.9% | 9.9% | 7.7% | -2.4% | -37.7% | -26.9% | 17.7% | 9.5% | 17.4% | 1.5% |
| ROIC | 4.4% | 4.4% | 2.6% | -20.0% | -24.3% | -12.4% | -45.1% | 9.5% | 15.1% | 14.8% | -61.2% |
| ROCE | 4.1% | 4.1% | 2.2% | -15.4% | -19.1% | -9.9% | -40.4% | 9.1% | 13.7% | 11.8% | -33.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.53 | 0.53 | 0.32 | 0.17 | 0.10 | 0.14 | 0.14 | 0.17 | 0.27 | 0.23 | 7.80 |
| Debt / EBITDA | 3.26 | 3.26 | 1.72 | — | — | 0.57 | — | 0.69 | 0.86 | 0.91 | — |
| Net Debt / Equity | — | 0.43 | 0.30 | 0.16 | 0.09 | 0.10 | 0.07 | 0.16 | 0.27 | 0.22 | 7.09 |
| Net Debt / EBITDA | 2.68 | 2.68 | 1.63 | — | — | 0.40 | — | 0.67 | 0.85 | 0.89 | — |
| Debt / FCF | — | — | — | — | 24.41 | — | 0.85 | 16.54 | 9.38 | — | 5.62 |
| Interest Coverage | 3.28 | 3.28 | 2.08 | 4.50 | 0.97 | 0.78 | -734.97 | 433.34 | 4.69 | 8.14 | 2.06 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.07 | 1.07 | 0.89 | 0.65 | 0.42 | 0.43 | 0.55 | 0.74 | 0.65 | 0.74 | 0.69 |
| Quick Ratio | 0.91 | 0.91 | 0.75 | 0.60 | 0.39 | 0.40 | 0.51 | 0.66 | 0.59 | 0.71 | 0.67 |
| Cash Ratio | 0.55 | 0.55 | 0.36 | 0.26 | 0.15 | 0.19 | 0.16 | 0.13 | 0.22 | 0.24 | 0.24 |
| Asset Turnover | — | 0.52 | 0.68 | 0.61 | 0.43 | 1.49 | 1.20 | 1.14 | 0.99 | 0.86 | 1.36 |
| Inventory Turnover | 9.62 | 9.62 | 14.48 | 48.45 | 30.81 | 89.54 | 82.49 | 59.56 | 46.51 | 78.45 | 109.66 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 17.4% | 21261.0% | 16292.7% | 22568.9% | — | — | — | 9083.1% | 746.5% | 350.1% | 19.4% |
| FCF Yield | — | — | — | — | 1057.9% | — | 4070.6% | 287.3% | 112.2% | — | 36.6% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 100.0% | 100.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 100.0% | 100.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $44M | $44M | $44M | $44M | $44M | $44M | $44M | $45M | $45M | $45M |
Regulatory tariff lag volatility
As reported in financial statements, EDN trades at a trailing P/E of 5.68, a multiple that appears to reflect a speculative macro-option on Argentine regulatory reform rather than a traditional valuation of a regulated utility's stable, long-term cash flow generation capacity.
The extremely low forward P/E of 0.07 suggests that market participants are pricing in massive, immediate earnings expansion contingent on successful tariff normalization. Investors should monitor whether this valuation premium holds if the anticipated real-term tariff increases are delayed by political resistance or social unrest.
Based on the company's reported figures, the ROE has fluctuated wildly from a negative 1.2% in 2023Q4 to a peak of 19.7% in 2024Q1, illustrating the extreme sensitivity of the company's profitability to the timing of regulatory tariff adjustments in the Argentine market.
The wide variance in earned ROE suggests that the regulatory framework currently fails to provide a consistent, predictable return on invested capital. This instability makes it difficult for analysts to determine a normalized earnings power, as the reported figures are heavily distorted by hyperinflationary accounting and periodic tariff catch-ups.
According to recent SEC filings, EDN maintains a debt-to-capital ratio of 0.31 as of 2026Q1, a level that appears to reflect a structural inability to access long-term credit markets rather than a deliberate, conservative management strategy regarding the company's balance sheet leverage.
The limited reliance on debt may actually hinder the company's ability to fund necessary grid upgrades, as internal cash flow remains insufficient to cover capital expenditure requirements. This lack of financial flexibility leaves the company vulnerable to operational shocks, as it cannot easily leverage its balance sheet to bridge liquidity gaps.
As indicated by the company's unique regulatory environment, the P/E ratio is the most commonly misapplied metric, as it obscures the reality that earnings are driven by government-mandated tariff adjustments rather than organic growth or competitive market positioning within the Buenos Aires concession area.
Investors should instead focus on the 'Value Added of Distribution' (VAD) per unit and the real-term recovery of operating costs, as these metrics provide a clearer picture of the utility's underlying health. Relying on standard P/E multiples ignores the significant non-cash inflationary gains that distort net income under IAS 29.
Includes 30+ ratios · 21 years · Updated daily
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Quick answers to the most common questions about buying EDN stock.
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima's current P/E ratio is 5.8x. The historical average is 1.6x. This places it at the 92th percentile of its historical range.
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima's current EV/EBITDA is 7.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 2.2x.
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima's return on equity (ROE) is 12.8%. The historical average is 3.0%.
Based on historical data, Empresa Distribuidora y Comercializadora Norte Sociedad Anónima is trading at a P/E of 5.8x. This is at the 92th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has 22.8% gross margin and 5.0% operating margin.
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima's Debt/EBITDA ratio is 3.3x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.