Last 46 quarters of trend data · Consumer Defensive · Education & Training Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
TAL Education Group's quarterly P/E stands at 4.0x, up 68.1% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 136.8% YoY to 2.3x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 9.05 | 4.02 | 16.38 | — | 7.52 | 2.39 | 16.71 | 9.38 | — | 3.15 | — | — | — |
| — | +68.1% | -1.9% | — | — | -24.0% | — | — | — | — | — | — | — | |
| P/S Ratio | 0.34 | 0.59 | 0.87 | 0.36 | 0.28 | 0.22 | 0.46 | 0.58 | 0.55 | 0.29 | 0.34 | 0.46 | 0.45 |
| — | +171.0% | +87.9% | -37.9% | -50.0% | -24.1% | +35.2% | +25.6% | +23.7% | -16.1% | +5.3% | +391.5% | +398.5% | |
| P/B Ratio | 0.20 | 0.60 | 0.56 | 0.23 | 0.18 | 0.15 | 0.21 | 0.27 | 0.23 | 0.13 | 0.10 | 0.13 | 0.11 |
| — | +310.3% | +168.2% | -14.9% | -22.4% | +9.5% | +101.4% | +111.5% | +108.5% | +25.9% | +39.1% | +155.1% | +23.8% | |
| P/FCF | 2.70 | — | 1.45 | — | 0.44 | — | 0.78 | — | 0.84 | — | 0.75 | — | 1.09 |
| — | — | +85.6% | — | -46.9% | — | +3.4% | — | -23.0% | — | — | — | — | |
| EV / EBITDA | -16.38 | 2.31 | 15.88 | — | — | -6.28 | — | — | — | -13.27 | — | — | — |
| — | +136.8% | — | — | — | +52.7% | — | — | — | +92.7% | — | — | — | |
| EV / EBIT | — | 2.31 | 15.88 | — | — | -6.28 | — | — | — | -13.27 | — | — | — |
| — | +136.8% | — | — | — | +52.7% | — | — | — | +92.7% | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
TAL Education Group's operating margin was 11.0% in Q2 2026, up 8.6 pp QoQ and up 3.3 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 1.8% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 53.3% | 57.0% | 54.9% | 52.0% | 52.7% | 56.3% | 51.7% | 52.9% | 53.6% | 58.9% | 49.3% | 52.5% | 55.8% |
| — | +1.2% | +6.1% | -1.7% | -1.7% | -4.4% | +4.8% | +0.8% | -3.8% | -2.1% | -18.4% | -17.2% | +13.5% | |
| Operating Margin | -0.3% | 11.0% | 2.4% | -3.0% | -3.0% | 7.6% | -4.3% | -3.7% | -8.7% | 7.1% | -24.2% | -16.9% | -14.5% |
| — | +43.8% | +154.4% | +17.6% | +65.3% | +7.9% | +82.1% | +78.1% | +40.1% | +1173.8% | -50.6% | -432.4% | -104.6% | |
| Net Margin | 3.8% | 14.4% | 5.4% | -1.2% | 3.8% | 9.3% | 2.8% | 6.4% | -6.4% | 9.2% | -16.4% | -14.7% | -22.2% |
| — | +55.4% | +97.6% | -118.7% | +159.3% | +0.8% | +116.8% | +143.7% | +71.1% | +3538.4% | +16.4% | +26.7% | -127.8% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 2.3% | 3.5% | 0.9% | -0.2% | 0.6% | 1.6% | 0.3% | 0.8% | -0.7% | 1.1% | -1.2% | -1.0% | -1.4% |
| — | +128.0% | +173.7% | -125.5% | +192.1% | +48.0% | +125.8% | +173.6% | +50.7% | +5255.4% | -9.3% | +61.2% | +43.5% | |
| ROA | 1.6% | 2.2% | 0.6% | -0.1% | 0.4% | 1.1% | 0.2% | 0.6% | -0.5% | 0.8% | -1.0% | -0.8% | -1.1% |
| — | +105.4% | +150.9% | -123.1% | +182.2% | +32.9% | +123.4% | +167.5% | +53.7% | +5041.8% | -8.6% | +55.0% | +7.1% | |
| ROIC | -0.3% | 3.0% | 0.4% | -0.7% | -0.7% | 2.0% | -0.8% | -0.7% | -1.5% | 1.3% | -2.7% | -1.7% | -1.2% |
| — | +49.8% | +150.7% | +9.2% | +54.2% | +51.1% | +69.0% | +57.0% | -30.6% | +2392.0% | -150.3% | -355.5% | +10.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
TAL Education Group's Debt/EBITDA ratio is 3.9x, down from 27.5x last quarter — at a moderate level that warrants monitoring. The current ratio has weakened 25.4% YoY to 2.28x, tightening the short-term liquidity position. Debt/Equity has risen for 3 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.09 | 0.11 | 0.10 | 0.09 | 0.10 | 0.09 | 0.09 | 0.07 | 0.06 | 0.05 | 0.05 | 0.04 | 0.04 |
| — | +17.0% | +10.9% | +34.6% | +69.9% | +92.8% | +107.8% | +59.3% | +41.3% | +15.2% | -1.0% | -31.8% | -80.3% | |
| Debt / EBITDA | 8.18 | 3.94 | 27.55 | — | — | 7.33 | — | — | — | 5.92 | — | — | — |
| — | -46.3% | — | — | — | +23.9% | — | — | — | -94.0% | — | — | — | |
| Current Ratio | 2.86 | 2.28 | 2.25 | 2.86 | 2.57 | 3.06 | 2.94 | 3.42 | 3.22 | 3.91 | 3.59 | 4.42 | 4.10 |
| — | -25.4% | -23.6% | -16.2% | -20.3% | -21.8% | -18.2% | -22.7% | -21.3% | -14.8% | -17.8% | +10.0% | +86.5% | |
| Quick Ratio | 2.79 | 2.20 | 2.17 | 2.79 | 2.51 | 2.99 | 2.88 | 3.36 | 3.17 | 3.84 | 3.53 | 4.37 | 4.06 |
| — | -26.4% | -24.6% | -16.8% | -20.8% | -22.0% | -18.6% | -23.3% | -21.9% | -15.7% | -18.7% | +9.4% | +85.9% | |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 46 years · Updated daily
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TAL Education Group's current P/E is 9.0x. The average P/E over the last 3 quarters is 9.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
TAL Education Group's current operating margin is -0.3%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking TAL Education Group's business trajectory between earnings reports.