Sunlands Technology Group (STG) Financial Ratios
11 years of historical data (2015–2025) · Consumer Defensive · Education & Training Services
EV/EBITDA
↓
-0.27
↓-152% vs avg
5yr avg: 0.52
30Y Low0.5·High0.5
P/FCF
↓
2.18
↑+95% vs avg
5yr avg: 1.12
30Y Low0.4·High2.5
P/B Ratio
↓
0.33
↑+37% vs avg
5yr avg: 0.24
30Y Low0.1·High0.5
ROE
↓
47.3%
↑-60% vs avg
5yr avg: 119.4%
30Y Low47%·High233%
Debt/EBITDA
↓
0.29
↓-77% vs avg
5yr avg: 1.27
30Y Low0.3·High4.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
STG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Sunlands Technology Group trades at 0.9x earnings, 288% above its 5-year average of 0.2x, sitting at the 100th percentile of its historical range. Compared to the Consumer Defensive sector median P/E of 18.8x, the stock trades at a discount of 95%. On a free-cash-flow basis, the stock trades at 2.2x P/FCF, 95% above the 5-year average of 1.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $46M | $80M | $77M | $140M | $100M | $67M | $184M | $439M | $478M | — | — |
| Enterprise Value | $-18846893 | $-358615326 | $-243209500 | $-314858065 | $-138031648 | $79M | $180M | $535M | $-512274880 | — | — |
| P/E Ratio → | 0.87 | 0.22 | 0.23 | 0.22 | 0.15 | 0.30 | — | — | — | — | — |
| P/S Ratio | 0.15 | 0.04 | 0.04 | 0.06 | 0.04 | 0.03 | 0.08 | 0.20 | 0.24 | — | — |
| P/B Ratio | 0.33 | 0.08 | 0.13 | 0.51 | — | — | — | — | — | — | — |
| P/FCF | 2.18 | 0.56 | 0.40 | 1.04 | 2.47 | — | — | — | — | — | — |
| P/OCF | 2.18 | 0.56 | 0.39 | 1.00 | 1.59 | — | — | — | 2.65 | — | — |
P/E links to full P/E history page with 30-year chart
STG EV Ratios
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 | — | -0.18 | -0.12 | -0.15 | -0.06 | 0.03 | 0.08 | 0.24 | -0.26 | — | — |
| EV / EBITDA | -0.27 | -0.76 | -0.74 | -0.52 | -0.21 | 0.52 | — | — | — | — | — |
| EV / EBIT | -0.29 | -0.83 | -0.67 | -0.46 | -0.22 | 0.38 | — | — | — | — | — |
| EV / FCF | — | -2.51 | -1.25 | -2.34 | -3.41 | — | — | — | — | — | — |
STG Profitability
Margins and return-on-capital ratios measuring operating efficiency
Sunlands Technology Group earns an operating margin of 22.0%, significantly above the Consumer Defensive sector average of 3.5%. Operating margins have compressed from 26.6% to 22.0% over the past 3 years, signaling potential cost pressures or competitive headwinds. Return on equity of 47.3% is exceptionally high — well above the sector median of 6.5%. ROIC of 84.8% represents excellent 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 | 86.9% | 86.9% | 84.0% | 87.7% | 85.0% | 85.0% | 82.4% | 81.9% | 83.3% | 82.5% | 83.1% |
| Operating Margin | 22.0% | 22.0% | 15.0% | 26.6% | 26.6% | 4.6% | -29.5% | -21.0% | -52.1% | -95.6% | -61.8% |
| Net Profit Margin | 18.1% | 18.1% | 17.2% | 29.7% | 27.7% | 8.7% | -19.6% | -18.0% | -47.0% | -94.7% | -60.5% |
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 | 47.3% | 47.3% | 78.2% | 232.6% | — | — | — | — | — | — | — |
| ROA | 17.5% | 17.5% | 16.1% | 29.2% | 26.5% | 7.5% | -12.0% | -10.3% | -32.5% | -83.0% | -147.0% |
| ROIC | 84.8% | 84.8% | 447.4% | — | — | — | — | — | — | — | — |
| ROCE | 34.1% | 34.1% | 24.5% | 60.3% | 83.1% | 13.0% | -46.5% | -29.2% | -129.3% | -554.1% | — |
STG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Sunlands Technology Group carries a Debt/EBITDA ratio of 0.3x, which is very conservative (92% below the sector average of 3.5x). The company holds a net cash position — cash of $577M exceeds total debt of $139M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 505.1x 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 | 0.15 | 0.15 | 0.31 | 1.12 | — | — | — | — | — | — | — |
| Debt / EBITDA | 0.29 | 0.29 | 0.57 | 0.51 | 0.78 | 4.20 | — | — | — | — | — |
| Net Debt / Equity | — | -0.46 | -0.53 | -1.65 | — | — | — | — | — | — | — |
| Net Debt / EBITDA | -0.93 | -0.93 | -0.98 | -0.75 | -0.36 | 0.08 | — | — | — | — | — |
| Debt / FCF | — | -3.07 | -1.64 | -3.39 | -5.88 | — | — | — | — | -1.33 | -0.32 |
| Interest Coverage | 505.06 | 505.06 | 68.43 | 89.30 | 61.33 | 19.08 | -55.51 | -26.43 | -426.76 | — | — |
Net cash position: cash ($577M) exceeds total debt ($139M)
STG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.18x means Sunlands Technology Group can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.02x to 1.18x 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 | 1.18 | 1.18 | 1.10 | 1.02 | 0.66 | 0.59 | 0.71 | 0.91 | 1.12 | 0.70 | 0.37 |
| Quick Ratio | 1.18 | 1.18 | 1.08 | 1.01 | 0.65 | 0.59 | 0.65 | 0.81 | 1.04 | 0.65 | 0.32 |
| Cash Ratio | 1.07 | 1.07 | 0.98 | 0.90 | 0.56 | 0.43 | 0.58 | 0.72 | 0.98 | 0.51 | 0.29 |
| Asset Turnover | — | 0.99 | 0.94 | 1.02 | 1.02 | 0.97 | 0.68 | 0.55 | 0.53 | 0.49 | 1.71 |
| Inventory Turnover | — | — | 16.14 | 18.65 | 24.60 | 42.39 | 2.93 | 1.67 | 2.00 | 1.69 | 2.15 |
| Days Sales Outstanding | — | 3.71 | 4.50 | 4.96 | 4.21 | 8.11 | 3.49 | 1.02 | 0.72 | 2.29 | 4.25 |
STG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Sunlands Technology Group returns 1.9% to shareholders annually primarily through share buybacks. The earnings yield of 100.0% (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 | — | — | — | 22.3% | 32.7% | — | — | — | — | — | — |
| Payout Ratio | — | — | — | 4.9% | 5.1% | — | — | — | — | — | — |
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 | 100.0% | 446.5% | 443.5% | 456.6% | 645.7% | 328.9% | — | — | — | — | — |
| FCF Yield | 45.9% | 178.8% | 253.0% | 95.8% | 40.5% | — | — | — | — | — | — |
| Buyback Yield | 1.9% | 7.5% | 14.2% | 3.4% | 6.8% | 7.3% | 14.4% | 7.2% | 7.1% | — | — |
| Total Shareholder Yield | 1.9% | 7.5% | 14.2% | 25.7% | 39.4% | 7.3% | 14.4% | 7.2% | 7.1% | — | — |
| Shares Outstanding | — | $13M | $14M | $14M | $14M | $13M | $14M | $14M | $13M | $8M | $8M |
Peer Comparison
Compare STG 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 |
|---|---|---|---|---|---|---|---|---|---|
 STGYou | $46M | 0.9 | -0.3 | 2.2 | 86.9% | 22.0% | 47.3% | 84.8% | 0.3 |
 TAL | $621M | 7.3 | -20.0 | 2.2 | 53.3% | -0.3% | 2.3% | -0.3% | 8.2 |
 EDU | $7B | 19.6 | 11.9 | 11.2 | 55.4% | 8.7% | 9.3% | 9.9% | 1.5 |
 COUR | $906M | -17.3 | — | 8.4 | 54.6% | -10.3% | -8.3% | — | — |
 UDMY | $677M | 180.2 | 20.0 | 8.4 | 65.6% | -0.3% | 1.9% | -56.7% | 0.4 |
 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 |
 LOPE | $4B | 18.4 | 11.4 | 16.1 | 52.4% | 27.5% | 28.2% | 32.5% | 0.6 |
 GOOG | $4.4T | 34.0 | 29.8 | 60.7 | 59.7% | 32.1% | 35.7% | 25.1% | 0.4 |
 BIDU | $38B | 64.4 | 39.3 | — | 43.9% | -4.5% | 1.9% | -1.2% | 11.6 |
 AMZN | $2.6T | 34.1 | 18.5 | 341.6 | 50.3% | 11.2% | 22.3% | 14.7% | 1.0 |
| 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 · 11 years · Updated daily
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STG — Frequently Asked Questions
Quick answers to the most common questions about buying STG stock.
What is Sunlands Technology Group's P/E ratio?
Sunlands Technology Group's current P/E ratio is 0.9x. The historical average is 0.2x. This places it at the 100th percentile of its historical range.
What is Sunlands Technology Group's EV/EBITDA?
Sunlands Technology Group's current EV/EBITDA is -0.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 0.5x.
What is Sunlands Technology Group's ROE?
Sunlands Technology Group's return on equity (ROE) is 47.3%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 119.4%.
Is STG stock overvalued?
Based on historical data, Sunlands Technology Group is trading at a P/E of 0.9x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Sunlands Technology Group's profit margins?
Sunlands Technology Group has 86.9% gross margin and 22.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Sunlands Technology Group have?
Sunlands Technology Group's Debt/EBITDA ratio is 0.3x, indicating low leverage. A ratio below 2x is generally considered financially healthy.