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Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
Empresa Distribuidora y Comercializadora Norte (NYSE:EDN) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Jun. 2026, Empresa Distribuidora y Comercializadora Norte has a Sloan Ratio of 9.91%, indicating the company is in the safe zone and there is no funny business with accruals.
Empresa Distribuidora y Comercializadora Norte Sloan Ratio % Related Terms
Empresa Distribuidora y Comercializadora Norte Sloan Ratio % Historical Data
* 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 Sloan Ratio % Chart
Empresa Distribuidora y Comercializadora Norte Annual Data
For the Utilities - Regulated Electric subindustry, Empresa Distribuidora y Comercializadora Norte's Sloan Ratio %, along with its competitors' market caps and Sloan 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 Sloan Ratio % vs Utilities - Regulated Industry
Empresa Distribuidora y Comercializadora Norte Sloan Ratio % Calculation
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
* 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 (EDN) has a Sloan Ratio % of 9.91% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Empresa Distribuidora y Comercializadora Norte and its competitors.
Is Empresa Distribuidora y Comercializadora Norte's Sloan Ratio % too high?
Empresa Distribuidora y Comercializadora Norte's current Sloan Ratio % is 9.91%. Overall, Empresa Distribuidora y Comercializadora Norte has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Empresa Distribuidora y Comercializadora Norte's Sloan Ratio % compare to NEE and SO?
Empresa Distribuidora y Comercializadora Norte's Sloan Ratio % of 9.91% can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for an Utilities - Regulated company?
A good Sloan Ratio % depends on the Utilities - Regulated industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Empresa Distribuidora y Comercializadora Norte and its competitors. Empresa Distribuidora y Comercializadora Norte's current Sloan Ratio % is 9.91%. 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 (EDN) is currently considered Fairly Valued. The stock's GF Value™ is $25.44, compared to a current price of $23.14 — trading 9% below its estimated fair value. The current Sloan Ratio % is 9.91%. Empresa Distribuidora y Comercializadora Norte's overall GF Score™ is 69/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Empresa Distribuidora y Comercializadora Norte (EDN), the current Sloan Ratio % is 9.91% as of Jun. 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 (EDN) Overvalued in 2026?
Based on GuruFocus' analysis, Empresa Distribuidora y Comercializadora Norte stock appears to be undervalued.
The current stock price of $23.14 is trading 9% below its estimated GF Value™ of $25.44.
GuruFocus considers Empresa Distribuidora y Comercializadora Norte to be Fairly Valued.
Key valuation signals for EDN:
Sloan Ratio %: 9.91%
GF Value™: $25.44 vs. price of $23.14 (9% below fair value)
No single metric tells the full story. See the EDN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
69GF Score
Get the complete analysis for EDN
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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