TAL Education Group (TAL) Financial Ratios
17 years of historical data (2009–2025) · Consumer Defensive · Education & Training Services
EV/EBITDA
↑
-20.04
—
5yr avg: N/A
30Y Low0.4·High11.8
P/FCF
↓
2.18
↓-58% vs avg
5yr avg: 5.24
30Y Low1.3·High7.3
P/B Ratio
↓
0.17
↓-51% vs avg
5yr avg: 0.34
30Y Low0.1·High1.5
ROE
↑
2.3%
↓+139% vs avg
5yr avg: -5.8%
30Y Low-25%·High217%
Debt/EBITDA
↑
8.18
↑+30% vs avg
5yr avg: 6.29
30Y Low0.5·High8.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TAL Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
TAL Education Group trades at 7.3x earnings, 29% below its 5-year average of 10.3x, sitting at the 70th percentile of its historical range. Compared to the Consumer Defensive sector median P/E of 18.8x, the stock trades at a discount of 61%. On a free-cash-flow basis, the stock trades at 2.2x P/FCF, 58% below the 5-year average of 5.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $621M | $875M | $982M | $493M | $201M | $5.2B | $3.6B | $2.4B | $2.4B | $896M | $506M |
| Enterprise Value | $-816543724 | $-750762124 | $-987993759 | $-1371046851 | $-1194759514 | $6.1B | $3.2B | $1.3B | $1.9B | $876M | $300M |
| P/E Ratio → | 7.29 | 10.25 | — | — | — | — | — | 6.59 | 12.71 | 7.35 | 4.71 |
| P/S Ratio | 0.28 | 0.39 | 0.66 | 0.49 | 0.05 | 1.16 | 1.09 | 0.92 | 1.40 | 0.86 | 0.82 |
| P/B Ratio | 0.17 | 0.23 | 0.27 | 0.13 | 0.05 | 1.00 | 1.40 | 0.93 | 1.48 | 1.32 | 1.15 |
| P/FCF | 2.18 | 3.06 | 5.31 | — | — | 7.35 | 5.33 | — | 4.35 | 3.11 | 3.32 |
| P/OCF | 1.56 | 2.20 | 3.21 | 67.02 | — | 5.46 | 4.16 | 12.10 | 3.53 | 2.49 | 2.70 |
P/E links to full P/E history page with 30-year chart
TAL 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 | — | -0.33 | -0.66 | -1.35 | -0.27 | 1.36 | 0.98 | 0.52 | 1.13 | 0.84 | 0.48 |
| EV / EBITDA | -20.04 | -18.43 | — | — | -21.69 | — | 11.76 | 3.12 | 7.34 | 5.32 | 2.97 |
| EV / EBIT | — | — | — | — | — | — | 20.39 | 3.95 | 9.47 | 6.68 | 3.67 |
| EV / FCF | — | -2.63 | -5.34 | — | — | 8.62 | 4.79 | — | 3.49 | 3.04 | 1.97 |
TAL Profitability
Margins and return-on-capital ratios measuring operating efficiency
TAL Education Group earns an operating margin of -0.3%, below the Consumer Defensive sector average of 3.5%. Operating margins have expanded from -11.1% to -0.3% over the past 3 years, signaling improving operational efficiency. ROE of 2.3% is modest, trailing the sector median of 6.5%.
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 | 53.3% | 53.3% | 54.1% | 57.2% | 49.8% | 54.4% | 55.1% | 54.6% | 48.6% | 49.9% | 51.0% |
| Operating Margin | -0.3% | -0.3% | -5.7% | -11.1% | -3.0% | -7.8% | 4.8% | 13.1% | 11.9% | 12.6% | 13.2% |
| Net Profit Margin | 3.8% | 3.8% | -0.2% | -13.3% | -25.9% | -2.6% | -3.4% | 14.3% | 11.6% | 11.2% | 16.6% |
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 | 2.3% | 2.3% | -0.1% | -3.5% | -24.7% | -3.0% | -4.3% | 17.6% | 17.2% | 20.8% | 27.3% |
| ROA | 1.6% | 1.6% | -0.1% | -2.8% | -13.2% | -1.3% | -2.4% | 10.8% | 8.2% | 8.1% | 11.2% |
| ROIC | -0.3% | -0.3% | -3.5% | -3.7% | -2.2% | -6.4% | 6.4% | 18.8% | 16.9% | 22.0% | 40.3% |
| ROCE | -0.2% | -0.2% | -2.2% | -2.8% | -2.0% | -5.6% | 5.0% | 15.0% | 13.3% | 14.3% | 13.4% |
TAL Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
TAL Education Group carries a Debt/EBITDA ratio of 8.2x, which is highly leveraged (134% above the sector average of 3.5x). The company holds a net cash position — cash of $1.8B exceeds total debt of $333M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.09 | 0.09 | 0.07 | 0.04 | 0.06 | 0.80 | 0.60 | 0.09 | 0.14 | 0.66 | 0.52 |
| Debt / EBITDA | 8.18 | 8.18 | — | — | 4.40 | — | 5.57 | 0.51 | 0.89 | 2.73 | 2.26 |
| Net Debt / Equity | — | -0.43 | -0.54 | -0.49 | -0.35 | 0.17 | -0.14 | -0.41 | -0.29 | -0.03 | -0.47 |
| Net Debt / EBITDA | -39.91 | -39.91 | — | — | -25.35 | — | -1.31 | -2.44 | -1.79 | -0.12 | -2.04 |
| Debt / FCF | — | -5.69 | -10.65 | — | — | 1.27 | -0.53 | — | -0.85 | -0.07 | -1.35 |
| Interest Coverage | — | — | — | — | -16.58 | -20.73 | 13.28 | 18.97 | 12.35 | 9.98 | 10.90 |
Net cash position: cash ($1.8B) exceeds total debt ($333M)
TAL Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
TAL Education Group's current ratio of 2.86x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 4.42x to 2.86x 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 | 2.86 | 2.86 | 3.42 | 4.42 | 4.02 | 2.42 | 1.38 | 1.47 | 1.47 | 1.30 | 1.35 |
| Quick Ratio | 2.79 | 2.79 | 3.36 | 4.37 | 4.00 | 2.41 | 1.37 | 1.47 | 1.46 | 1.30 | 1.34 |
| Cash Ratio | 2.51 | 2.51 | 3.05 | 4.05 | 3.00 | 1.76 | 1.23 | 1.28 | 1.32 | 1.05 | 1.25 |
| Asset Turnover | — | 0.41 | 0.30 | 0.22 | 0.87 | 0.37 | 0.59 | 0.69 | 0.56 | 0.57 | 0.58 |
| Inventory Turnover | 10.02 | 10.02 | 10.01 | 11.15 | 101.12 | 53.13 | 56.84 | 150.01 | 168.31 | 184.67 | 505.68 |
| Days Sales Outstanding | — | 17.16 | 19.77 | 16.10 | 2.12 | 2.10 | 4.76 | 7.16 | 3.48 | 37.12 | 0.83 |
TAL Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
TAL Education Group returns 2.1% to shareholders annually primarily through share buybacks. The earnings yield of 13.7% (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 | — | — | — | — | — | — | — | — | 1.7% | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | 20.6% | — | — |
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 | 13.7% | 9.8% | — | — | — | — | — | 15.2% | 7.9% | 13.6% | 21.2% |
| FCF Yield | 46.0% | 32.6% | 18.8% | — | — | 13.6% | 18.8% | — | 23.0% | 32.2% | 30.2% |
| Buyback Yield | 2.1% | 1.5% | 23.8% | 13.5% | 97.5% | 0.2% | 0.0% | 0.0% | 0.0% | 2.2% | 1.9% |
| Total Shareholder Yield | 2.1% | 1.5% | 23.8% | 13.5% | 97.5% | 0.2% | 0.0% | 0.0% | 1.7% | 2.2% | 1.9% |
| Shares Outstanding | — | $68M | $67M | $70M | $71M | $67M | $65M | $66M | $64M | $62M | $60M |
Peer Comparison
Compare TAL 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 |
|---|---|---|---|---|---|---|---|---|---|
 TALYou | $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 |
 GOTU | $599M | -13.3 | — | 16.4 | 67.4% | -8.2% | -20.3% | -33.8% | — |
 CHGG | $118M | -1.1 | 11.1 | — | 60.2% | -16.8% | -66.2% | -13.4% | 5.5 |
 LOPE | $4B | 18.4 | 11.4 | 16.1 | 52.4% | 27.5% | 28.2% | 32.5% | 0.6 |
 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 |
 LRN | $4B | 13.9 | 6.9 | 9.5 | 39.2% | 15.0% | 21.7% | 22.0% | 1.2 |
 MSFT | $2.8T | 27.8 | 17.8 | 39.4 | 68.8% | 45.6% | 33.3% | 24.9% | 0.7 |
 GOOG | $4.4T | 34.0 | 29.8 | 60.7 | 59.7% | 32.1% | 35.7% | 25.1% | 0.4 |
 ZM | $25B | 14.0 | 19.2 | 13.2 | 77.0% | 23.1% | 20.3% | 10.4% | 0.0 |
| 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 · 17 years · Updated daily
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TAL — Frequently Asked Questions
Quick answers to the most common questions about buying TAL stock.
What is TAL Education Group's P/E ratio?
TAL Education Group's current P/E ratio is 7.3x. The historical average is 5.9x. This places it at the 70th percentile of its historical range.
What is TAL Education Group's EV/EBITDA?
TAL Education Group's current EV/EBITDA is -20.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 5.2x.
What is TAL Education Group's ROE?
TAL Education Group's return on equity (ROE) is 2.3%. The historical average is 30.0%.
Is TAL stock overvalued?
Based on historical data, TAL Education Group is trading at a P/E of 7.3x. This is at the 70th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are TAL Education Group's profit margins?
TAL Education Group has 53.3% gross margin and -0.3% operating margin.
How much debt does TAL Education Group have?
TAL Education Group's Debt/EBITDA ratio is 8.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.