New Oriental Education & Technology Group Inc. (EDU) Financial Ratios
21 years of historical data (2005–2025) · Consumer Defensive · Education & Training Services
EV/EBITDA
↓
11.88
↓-56% vs avg
5yr avg: 26.77
30Y Low6.8·High50.2
P/FCF
↓
11.24
↓-25% vs avg
5yr avg: 14.99
30Y Low7.7·High39.4
P/B Ratio
↓
1.84
↓-15% vs avg
5yr avg: 2.17
30Y Low0.6·High8.6
ROE
↑
9.3%
↓+1283% vs avg
5yr avg: 0.7%
30Y Low-27%·High29%
Debt/EBITDA
↓
1.50
↓-44% vs avg
5yr avg: 2.66
30Y Low0.2·High6.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
EDU Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
New Oriental Education & Technology Group Inc. trades at 19.6x earnings, 49% below its 5-year average of 38.5x, sitting at the 6th percentile of its historical range. This is roughly in line with the Consumer Defensive sector median P/E of 18.8x. On a free-cash-flow basis, the stock trades at 11.2x P/FCF, 25% below the 5-year average of 15.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $7.2B | $7.7B | $13.3B | $6.3B | $2.2B | $16.9B | $19.1B | $13.6B | $15.8B | $11.3B | $6.6B |
| Enterprise Value | $6.4B | $6.9B | $12.6B | $5.1B | $1.7B | $17.4B | $19.8B | $12.6B | $14.8B | $10.7B | $5.9B |
| P/E Ratio → | 19.57 | 20.59 | 44.41 | 37.67 | — | 51.15 | 46.14 | 57.10 | 52.35 | 42.16 | 30.18 |
| P/S Ratio | 1.46 | 1.57 | 3.09 | 2.12 | 0.71 | 3.95 | 5.35 | 4.40 | 6.44 | 6.29 | 4.50 |
| P/B Ratio | 1.84 | 1.94 | 3.30 | 1.66 | 0.58 | 3.37 | 6.67 | 5.39 | 7.12 | 6.58 | 4.64 |
| P/FCF | 11.24 | 12.04 | 15.90 | 7.67 | — | 24.36 | 38.67 | 25.76 | 28.09 | 22.10 | 14.66 |
| P/OCF | 7.99 | 8.56 | 11.89 | 6.54 | — | 14.95 | 23.79 | 16.91 | 20.19 | 18.32 | 12.84 |
P/E links to full P/E history page with 30-year chart
EDU EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
New Oriental Education & Technology Group Inc.'s enterprise value stands at 11.9x EBITDA, 56% below its 5-year average of 26.8x. The Consumer Defensive sector median is 11.0x, placing the stock at a 8% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.40 | 2.93 | 1.72 | 0.56 | 4.08 | 5.53 | 4.06 | 6.04 | 5.94 | 4.02 |
| EV / EBITDA | 11.88 | 12.83 | 27.59 | 16.45 | — | 50.22 | 36.02 | 29.96 | 43.26 | 33.65 | 24.03 |
| EV / EBIT | 14.84 | 14.05 | 36.01 | 27.07 | — | 54.24 | 40.21 | 39.57 | 41.42 | 32.30 | 30.45 |
| EV / FCF | — | 10.77 | 15.03 | 6.21 | — | 25.15 | 40.01 | 23.76 | 26.34 | 20.85 | 13.10 |
EDU Profitability
Margins and return-on-capital ratios measuring operating efficiency
New Oriental Education & Technology Group Inc. earns an operating margin of 8.7%, above the Consumer Defensive sector average of 3.5%. Operating margins have expanded from 6.3% to 8.7% over the past 3 years, signaling improving operational efficiency. ROE of 9.3% is modest. ROIC of 9.9% represents adequate returns on invested capital versus a sector median of 5.7%.
Margins
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 | 55.4% | 55.4% | 52.5% | 53.0% | 43.5% | 52.4% | 55.6% | 55.6% | 56.5% | 58.3% | 58.4% |
| Operating Margin | 8.7% | 8.7% | 8.1% | 6.3% | -31.6% | 2.7% | 11.1% | 9.9% | 10.7% | 14.6% | 13.4% |
| Net Profit Margin | 7.6% | 7.6% | 7.2% | 5.9% | -38.2% | 7.8% | 11.5% | 7.7% | 12.1% | 15.3% | 15.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.3% | 9.3% | 7.9% | 4.7% | -27.0% | 8.5% | 15.3% | 10.0% | 15.1% | 17.4% | 16.9% |
| ROA | 4.9% | 4.9% | 4.4% | 2.9% | -14.7% | 4.0% | 7.4% | 5.5% | 8.6% | 10.4% | 10.4% |
| ROIC | 9.9% | 9.9% | 8.9% | 4.8% | -16.6% | 1.9% | 12.6% | 18.8% | 17.1% | 21.8% | 21.0% |
| ROCE | 9.5% | 9.5% | 8.1% | 4.5% | -17.9% | 2.2% | 11.9% | 12.6% | 13.3% | 16.6% | 14.9% |
EDU Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
New Oriental Education & Technology Group Inc. carries a Debt/EBITDA ratio of 1.5x, which is manageable (57% below the sector average of 3.5x). The company holds a net cash position — cash of $1.6B exceeds total debt of $804M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 1570.9x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.20 | 0.20 | 0.16 | 0.12 | 0.18 | 0.43 | 0.55 | 0.04 | — | — | — |
| Debt / EBITDA | 1.50 | 1.50 | 1.45 | 1.47 | — | 6.22 | 2.87 | 0.23 | — | — | — |
| Net Debt / Equity | — | -0.20 | -0.18 | -0.32 | -0.12 | 0.11 | 0.23 | -0.42 | -0.44 | -0.37 | -0.49 |
| Net Debt / EBITDA | -1.51 | -1.51 | -1.59 | -3.85 | — | 1.58 | 1.21 | -2.53 | -2.88 | -2.02 | -2.87 |
| Debt / FCF | — | -1.27 | -0.87 | -1.45 | — | 0.79 | 1.34 | -2.01 | -1.75 | -1.25 | -1.56 |
| Interest Coverage | 1570.90 | 1570.90 | 1175.92 | 268.81 | -253.94 | 47.68 | 106.43 | 196.57 | — | — | — |
Net cash position: cash ($1.6B) exceeds total debt ($804M)
EDU Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.58x means New Oriental Education & Technology Group Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.96x to 1.58x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.58 | 1.58 | 1.80 | 1.96 | 2.62 | 1.89 | 1.52 | 1.73 | 1.68 | 1.93 | 2.04 |
| Quick Ratio | 1.55 | 1.55 | 1.76 | 1.94 | 2.60 | 1.88 | 1.50 | 1.71 | 1.66 | 1.91 | 2.01 |
| Cash Ratio | 1.39 | 1.39 | 1.59 | 1.78 | 2.45 | 1.80 | 1.42 | 1.59 | 1.55 | 1.80 | 1.89 |
| Asset Turnover | — | 0.63 | 0.57 | 0.47 | 0.51 | 0.42 | 0.55 | 0.67 | 0.62 | 0.62 | 0.63 |
| Inventory Turnover | 26.99 | 26.99 | 22.10 | 26.75 | 62.82 | 65.34 | 50.72 | 47.38 | 26.53 | 23.61 | 22.50 |
| Days Sales Outstanding | — | 14.14 | 16.40 | 16.65 | 1.93 | 0.74 | 0.43 | 0.39 | 0.47 | 0.68 | 0.93 |
EDU Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
New Oriental Education & Technology Group Inc. returns 7.6% to shareholders annually — split between a 1.3% dividend yield and 6.2% buyback yield. The payout ratio of 26.4% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 5.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
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 | 1.3% | 1.3% | — | — | — | — | — | — | 0.5% | — | 0.9% |
| Payout Ratio | 26.4% | 26.4% | — | — | — | — | — | — | 24.0% | — | 27.9% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.1% | 4.9% | 2.3% | 2.7% | — | 2.0% | 2.2% | 1.8% | 1.9% | 2.4% | 3.3% |
| FCF Yield | 8.9% | 8.3% | 6.3% | 13.0% | — | 4.1% | 2.6% | 3.9% | 3.6% | 4.5% | 6.8% |
| Buyback Yield | 6.2% | 5.8% | 0.5% | 3.0% | 0.0% | 0.0% | 0.0% | 0.4% | 0.6% | 0.0% | 0.0% |
| Total Shareholder Yield | 7.6% | 7.1% | 0.5% | 3.0% | 0.0% | 0.0% | 0.0% | 0.4% | 1.0% | 0.0% | 0.9% |
| Shares Outstanding | — | $162M | $167M | $169M | $170M | $165M | $160M | $159M | $159M | $158M | $157M |
Peer Comparison
Compare EDU with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 EDUYou | $7B | 19.6 | 11.9 | 11.2 | 55.4% | 8.7% | 9.3% | 9.9% | 1.5 |
 TAL | $621M | 7.3 | -20.0 | 2.2 | 53.3% | -0.3% | 2.3% | -0.3% | 8.2 |
 GOTU | $599M | -13.3 | — | 16.4 | 67.4% | -8.2% | -20.3% | -33.8% | — |
 COE | $2M | -0.1 | — | 0.2 | 73.9% | -15.1% | — | — | — |
 PRDO | $2B | 13.2 | 8.3 | 9.3 | 71.7% | 23.2% | 16.6% | 15.3% | 0.4 |
 STRA | $2B | 13.9 | 6.9 | 11.1 | 49.0% | 15.5% | 7.7% | 9.0% | 0.4 |
 GHC | $5B | 17.2 | 15.2 | 18.6 | 27.6% | 5.1% | 6.4% | 3.3% | 4.1 |
 LINC | $2B | 74.5 | 33.7 | — | 60.4% | 5.8% | 10.6% | 6.7% | 4.0 |
 DUOL | $6B | 14.7 | 32.7 | 15.8 | 72.2% | 13.1% | 38.1% | 40.8% | 0.6 |
 CHGG | $118M | -1.1 | 11.1 | — | 60.2% | -16.8% | -66.2% | -13.4% | 5.5 |
 COUR | $906M | -17.3 | — | 8.4 | 54.6% | -10.3% | -8.3% | — | — |
| Consumer Defensive Median | — | 18.8 | 11.0 | 15.3 | 40.8% | 3.5% | 6.5% | 5.7% | 3.5 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 21 years · Updated daily
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EDU — Frequently Asked Questions
Quick answers to the most common questions about buying EDU stock.
What is New Oriental Education & Technology Group Inc.'s P/E ratio?
New Oriental Education & Technology Group Inc.'s current P/E ratio is 19.6x. The historical average is 39.6x. This places it at the 6th percentile of its historical range.
What is New Oriental Education & Technology Group Inc.'s EV/EBITDA?
New Oriental Education & Technology Group Inc.'s current EV/EBITDA is 11.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 28.1x.
What is New Oriental Education & Technology Group Inc.'s ROE?
New Oriental Education & Technology Group Inc.'s return on equity (ROE) is 9.3%. The historical average is 13.9%.
Is EDU stock overvalued?
Based on historical data, New Oriental Education & Technology Group Inc. is trading at a P/E of 19.6x. This is at the 6th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is New Oriental Education & Technology Group Inc.'s dividend yield?
New Oriental Education & Technology Group Inc.'s current dividend yield is 1.35% with a payout ratio of 26.4%.
What are New Oriental Education & Technology Group Inc.'s profit margins?
New Oriental Education & Technology Group Inc. has 55.4% gross margin and 8.7% operating margin.
How much debt does New Oriental Education & Technology Group Inc. have?
New Oriental Education & Technology Group Inc.'s Debt/EBITDA ratio is 1.5x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.