Empresa Distribuidora y Comercializadora Norte (FRA:PWD1) Cyclically Adjusted PB Ratio: 0.55 (As of Sep. 16, 2026) — 90% Below Median

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FRA:PWD1 Empresa Distribuidora y Comercializadora Norte SA FRA:PWD1
73 GF Score
Price €20.60
GF Value €22.92
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Empresa Distribuidora y Comercializadora Norte Cyclically Adjusted PB Ratio?

Empresa Distribuidora y Comercializadora Norte FRA:PWD1 -0.96% 73 Cyclically Adjusted PB Ratio is 0.55 as of Sep. 16, 2026, which is 90% below its 10-year median of 5.24. GuruFocus rates FRA:PWD1 with a GF Score™ of 73/100 and a GF Value™ of €22.92 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 425 Utilities - Regulated companies, Empresa Distribuidora y Comercializadora Norte ranks worse than 85.18% on this metric.

As of today (2026-09-16), Empresa Distribuidora y Comercializadora Norte's current share price is €20.60. Empresa Distribuidora y Comercializadora Norte's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €37.71. Empresa Distribuidora y Comercializadora Norte's Cyclically Adjusted PB Ratio for today is 0.55.

The historical rank and industry rank for Empresa Distribuidora y Comercializadora Norte's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:PWD1' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.24   Med: 5.24   Max: 28.34
Current: 2.96

During the past years, Empresa Distribuidora y Comercializadora Norte's highest Cyclically Adjusted PB Ratio was 28.34. The lowest was 1.24. And the median was 5.24.

FRA:PWD1's Cyclically Adjusted PB Ratio is ranked worse than
85.18% of 425 companies
in the Utilities - Regulated industry
Industry Median: 1.49 vs FRA:PWD1: 2.96

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Empresa Distribuidora y Comercializadora Norte's adjusted book value per share data for the three months ended in Jun. 2026 was €78.971. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €37.71 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Empresa Distribuidora y Comercializadora Norte  (FRA:PWD1) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Empresa Distribuidora y Comercializadora Norte Cyclically Adjusted PB Ratio Related Terms


Empresa Distribuidora y Comercializadora Norte Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Empresa Distribuidora y Comercializadora Norte's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Empresa Distribuidora y Comercializadora Norte Cyclically Adjusted PB Ratio Chart

Empresa Distribuidora y Comercializadora Norte Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.26 0.34 0.74 1.38 0.70

Empresa Distribuidora y Comercializadora Norte Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.76 0.43 0.78 0.71 0.57

FRA:PWD1 vs NEE, SO, DUK: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Regulated Electric subindustry, Empresa Distribuidora y Comercializadora Norte's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Empresa Distribuidora y Comercializadora Norte Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Empresa Distribuidora y Comercializadora Norte's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Empresa Distribuidora y Comercializadora Norte's Cyclically Adjusted PB Ratio falls into.


FRA:PWD1
73GF Score
Empresa Distribuidora y Comercializadora Norte SA FRA:PWD1
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Empresa Distribuidora y Comercializadora Norte Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Empresa Distribuidora y Comercializadora Norte's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=20.60/37.707
=0.55

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Empresa Distribuidora y Comercializadora Norte's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Empresa Distribuidora y Comercializadora Norte's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=78.971/333.9520*333.9520
=78.971

Current CPI (Jun. 2026) = 333.9520.

Empresa Distribuidora y Comercializadora Norte Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.946 241.018 1.311
201609 -0.855 241.428 -1.183
201612 1.002 241.432 1.386
201703 2.254 243.801 3.087
201706 1.795 244.955 2.447
201709 2.348 246.819 3.177
201712 2.161 246.524 2.927
201803 4.570 249.554 6.116
201806 2.159 251.989 2.861
201809 2.384 252.439 3.154
201812 34.329 251.233 45.632
201903 34.174 254.202 44.895
201906 48.682 256.143 63.470
201909 42.252 256.759 54.955
202003 44.305 258.115 57.322
202006 40.273 257.797 52.170
202009 38.598 260.280 49.523
202012 29.767 260.474 38.164
202103 31.692 264.877 39.957
202106 28.772 271.696 35.365
202109 30.972 274.310 37.706
202112 30.702 278.802 36.775
202203 32.597 287.504 37.863
202206 33.664 296.311 37.940
202209 35.146 296.808 39.544
202212 32.334 296.797 36.382
202303 30.634 301.836 33.894
202306 29.880 305.109 32.705
202309 40.404 307.789 43.838
202312 23.868 306.746 25.985
202403 37.567 312.332 40.167
202406 44.546 314.175 47.350
202409 50.238 315.301 53.210
202412 68.560 315.605 72.546
202503 70.059 319.799 73.160
202506 64.836 322.561 67.126
202509 60.762 324.800 62.474
202512 63.329 324.054 65.263
202603 77.768 330.213 78.649
202606 78.971 333.952 78.971

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 0.55 mean?
Empresa Distribuidora y Comercializadora Norte (FRA:PWD1) has a Cyclically Adjusted PB Ratio of 0.55 as of Sep. 16, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Empresa Distribuidora y Comercializadora Norte and its competitors. This is 90% below median its historical median of 5.24. Over the past decade, Empresa Distribuidora y Comercializadora Norte's Cyclically Adjusted PB Ratio has ranged from 1.24 to 28.34. According to the industry distribution chart, Empresa Distribuidora y Comercializadora Norte ranks #362 out of 425 companies in the Utilities - Regulated industry, placing it in the top 85.2%.
Is Empresa Distribuidora y Comercializadora Norte's Cyclically Adjusted PB Ratio too high?
Empresa Distribuidora y Comercializadora Norte's current Cyclically Adjusted PB Ratio of 0.55 is 90% below median its 10-year median of 5.24. Over the past 10 years, this metric has ranged from a low of 1.24 to a high of 28.34. The Utilities - Regulated industry median Cyclically Adjusted PB Ratio is 1.49. Empresa Distribuidora y Comercializadora Norte's value of 0.55 is 63.1% below this industry median. Based on the distribution chart, Empresa Distribuidora y Comercializadora Norte ranks #362 out of 425 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Empresa Distribuidora y Comercializadora Norte has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Empresa Distribuidora y Comercializadora Norte's Cyclically Adjusted PB Ratio compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Empresa Distribuidora y Comercializadora Norte ranks #362 out of 425 companies for Cyclically Adjusted PB Ratio. This places Empresa Distribuidora y Comercializadora Norte in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.49. Empresa Distribuidora y Comercializadora Norte's value of 0.55 is 63.1% below this benchmark. Historically, Empresa Distribuidora y Comercializadora Norte's own Cyclically Adjusted PB Ratio has ranged from 1.24 to 28.34 over the past decade. While the company's 10-year median is 5.24 vs. the industry median of 1.49, Empresa Distribuidora y Comercializadora Norte has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for an Utilities - Regulated company?
The median Cyclically Adjusted PB Ratio among Utilities - Regulated companies is 1.49, based on 425 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Empresa Distribuidora y Comercializadora Norte's current Cyclically Adjusted PB Ratio of 0.55 is 63.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Empresa Distribuidora y Comercializadora Norte and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PB Ratio is 1.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Empresa Distribuidora y Comercializadora Norte's current Cyclically Adjusted PB Ratio is 0.55, which is 90% below median its own 10-year median of 5.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Empresa Distribuidora y Comercializadora Norte stock overvalued right now?
Based on GuruFocus' analysis, Empresa Distribuidora y Comercializadora Norte (FRA:PWD1) is currently considered Modestly Undervalued. The stock's GF Value™ is €22.92, compared to a current price of €20.60 — trading 10.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.55, which is 90% below median its 10-year median of 5.24 and 63.1% below the Utilities - Regulated industry median of 1.49. Empresa Distribuidora y Comercializadora Norte's overall GF Score™ is 73/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Empresa Distribuidora y Comercializadora Norte (FRA:PWD1), the current Cyclically Adjusted PB Ratio is 0.55 as of Sep. 16, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Empresa Distribuidora y Comercializadora Norte (FRA:PWD1) Overvalued in 2026?

Based on GuruFocus' analysis, Empresa Distribuidora y Comercializadora Norte stock appears to be undervalued. The current stock price of €20.60 is trading 10.1% below its estimated GF Value™ of €22.92. GuruFocus considers Empresa Distribuidora y Comercializadora Norte to be Modestly Undervalued.

Key valuation signals for FRA:PWD1:

  • Cyclically Adjusted PB Ratio: 0.55 (90% below median its 10-year median of 5.24)
  • GF Value™: €22.92 vs. price of €20.60 (10.1% below fair value)
  • GF Score™: 73/100 with 8 warning signs
  • Industry Position: 63.1% below the Utilities - Regulated median (#362 of 425)

No single metric tells the full story. See the FRA:PWD1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Empresa Distribuidora y Comercializadora Norte Business Description

Other Exchanges EDN:USAEDN:Argentina
Address 6363 Del Libertador Avenue, Buenos Aires, ARG, C1428ARG
Empresa Distribuidora y Comercializadora Norte SA is engaged in the distribution and sale of electricity. The firm's concession area covers the northern portion of the city of Buenos Aires, mainly for residential, commercial, industrial, and public service.
73GF Score

Get the complete analysis for FRA:PWD1

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€20.60
Price
€22.92
GF Value