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New Oriental Education & Technology Group, Inc.

EDU Consumer Defensive Education & Training Services

New Oriental Education & Technology Group, Inc.’s revenue for fiscal 2026 (year ended May 2026) was $5.7 billion, up 15.5% from fiscal 2025.

Revenue
+23.1%
EPS
+20.2%
Free cash flow
+1.60%

Quarter to August 2026, against a year earlier

54.61 0.65 +1.20%
Market cap
$8.4B
P/E
16.3×
Fwd P/E
12.7×
Dividend yield
1.11%
F-score
7/9
Altman Z
2.44
Beneish M
−2.65
Dividend safety
77/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 4.10
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — 1 1 — — —
Insider Ownership 2.86%

Capital & Financial Ratios $m

Size
Market Cap 8,370.00
Revenue ttm 6,012.81
Net income ttm 516.66
Free cash flow ttm 1,030.15
Net debt Q (5,327.29)
Valuation
P/E 16.31
Forward P/E 12.70
Price / sales 1.39
Forward P/S Powerpack
Price / FCF 82.16
Price / book 1.94
Financial health
Current ratio Q 1.61 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q —
Growth
Revenue growth Q +23.08% (above 0%: growing)
Operating income growth Q +20.54% (above 0%: growing)
EPS, this year +19.21% (at or above 15%: strong)
EPS, next year A +16.57% (at or above 15%: strong)
Revenue, next year A +18.70% (at or above 10%: strong)
EPS, past 5 yrs +8.23%
EPS, next 5 yrs A +15.86% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.5×, against a ten-year median of 2.4×; over the ten years it ranged from −0.6× in 2022 to 6.7× in 2020.
P/E against its own 10 years 3.03%
10-year low 10-year high
P/S against its own 10 years 11.59%
10-year low 10-year high
P/B against its own 10 years 22.44%
10-year low 10-year high
EV/Sales against its own 10 years 5.34%
10-year low 10-year high
EV/FCF against its own 10 years 71.10%
10-year low 10-year high

Dividends

Yield
1.11%
Annual rate
0.60
Payout ratio
18.4%
Growth, 2017–25
−22.3%/yr
  1. 4.50 ’17
  2. 0.00 ’21 −100
  3. 0.00 ’22
  4. 0.00 ’23
  5. 0.00 ’24
  6. 0.60 ’25
  7. 1.19 ’26e +98
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 4,953 4,759 5,292 5,327
Receivables 34 40 45 58
Inventory 93 81 106 114
Other — — — —
5,389 5,188 5,832 5,922
2024 2025 2026 Q'26
Payables 106 80 127 142
ST’ Debt — — — —
Other — — — —
3,001 3,290 3,890 3,675

Compound Annual Growth %

10y 5y 3y
Sales 14.37% 5.77% 23.61%
Cash Flow 7.09% (1.89%) 1.89%
Earnings 7.77% 7.28% 38.89%
Book Value 11.67% (2.93%) 4.27%

Earnings Trends EPS, adjusted, against the consensus

Aug 2026 Estimate 1.90 Actual 1.92

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Nov 2025 0.34 0.45 Beat by 0.11
Feb 2026 1.07 0.95 Miss by 0.12
May 2026 0.60 0.55 Miss by 0.05
Aug 2026 1.90 1.92 Beat by 0.02
Nov 2026 0.58 — Reports 27 January 2027

EPS $

Aug Nov Feb May Year
’26 1.80 — — — —
’26 1.50 0.28 0.79 0.39 2.97
’25 1.48 0.19 0.54 0.04 2.28
’24 0.99 0.18 0.52 0.16 1.85
’23 0.38 0.00 0.48 0.17 1.03
’22 0.25 (0.54) (0.72) (1.10) (7.19)
’21 1.09 0.33 0.90 (0.30) 2.00
Fiscal quarters ending in the months shown.

Revenue $m

Aug Nov Feb May Year
’26 1,874 — — — —
’26 1,523 1,191 1,417 1,530 5,661
’25 1,435 1,039 1,183 1,243 4,900
’24 1,100 870 1,207 1,137 4,314
’23 745 638 754 861 2,998
’22 1,309 657 614 524 3,105
’21 986 888 1,190 1,212 4,277
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Aug Nov Feb May Year
’26 195 — — — —
’26 192 323 (7) 519 1,027
’25 183 313 1 399 897
’24 336 301 109 377 1,123
’23 185 174 190 422 971
’22 (447) (628) 840 (1,045) (1,280)
’21 365 438 23 304 1,130
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Aug Nov Feb May Year
’26 195 — — — —
’26 192 323 (7) 272 780
’25 183 313 1 157 638
’24 336 301 109 128 840
’23 185 174 190 280 831
’22 (447) (628) 840 (1,191) (1,421)
’21 300 438 23 (79) 739
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to May

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Aug ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 1,800 2,447 3,096 3,579 4,277 3,105 2,998 4,314 4,900 5,661 6,013 +13.6% 6,720 7,579 8,409 +14.1%
Gross margin, % 58.34 56.45 55.55 55.60 52.37 43.51 52.98 52.45 55.45 54.64 54.31 (3.7) pt
EBT 331 357 316 488 315 (1,032) 309 494 536 731 779 +9.2%
EBT margin, % 18.38 14.59 10.20 13.63 7.37 (33.25) 10.29 11.45 10.95 12.90 12.96 (5.5) pt
Net income 277 297 228 355 230 (1,220) 235 325 376 517 517 +7.2%
Per share, $
Per share, $ Revenue 11.42 15.47 19.56 22.59 25.99 18.30 17.86 26.09 30.25 35.87 38.81 +13.6%
Earnings 1.74 1.87 1.50 2.61 2.00 (7.19) 1.06 1.87 2.29 3.01 3.32 +6.3%
Cash flow 3.95 4.94 5.09 5.08 6.87 (7.55) 5.79 6.79 5.54 6.51 6.65 +5.7%
Capex (0.65) (1.33) (1.64) (1.80) (2.38) (0.83) (0.83) (1.71) (1.60) (1.56) 0.00 +10.2%
Free cash flow 3.30 3.61 3.45 3.28 4.49 (8.38) 4.95 5.08 3.94 4.94 6.65 +4.6%
Book value 10.92 12.70 15.95 18.11 30.50 22.36 22.73 24.49 24.41 27.40 29.72 +10.8%
Shares, m 158 158 158 158 165 170 168 165 162 158 157 0.0%
Valuation, ×
Valuation, × P/E 40.95 53.19 56.72 46.74 54.63 0.00 35.54 42.74 20.11 15.64 16.31 36.6
P/S 6.27 6.43 4.38 5.40 4.27 0.71 2.11 3.06 1.51 1.31 1.39 3.5
P/B 6.56 7.83 5.37 6.74 3.64 0.58 1.66 3.26 1.87 1.72 1.94 3.9
EV/Sales 5.07 5.32 3.38 4.45 2.83 (0.60) 0.78 1.94 0.56 0.40 0.53 2.4
EV/FCF 9.36 8.39 4.97 (494.77) 40.13 0.85 10.23 49.67 36.83 22.81 31.10 (31.2)
Cash, $m
Cash, $m Operating cash flow 623 781 806 804 1,130 (1,280) 971 1,123 897 1,027 1,030 +5.7%
Capex (103) (210) (260) (285) (391) (140) (140) (283) (259) (247) (928) +10.2%
Free cash flow 520 571 546 519 739 (1,421) 831 840 638 780 1,030 +4.6%
Balance, $m
Balance, $m Working capital 1,124 1,191 1,460 1,277 3,103 2,764 2,163 2,388 1,898 1,942 2,247 +6.3%
Net debt (2,166) (2,715) (3,095) (3,400) (6,261) (4,191) (4,108) (4,953) (4,759) (5,292) (5,327) +10.4%
Shareholders’ equity 1,720 2,008 2,525 2,870 5,018 3,794 3,815 4,049 3,954 4,324 4,605 +10.8%
Returns, %
Returns, % ROA 10.40 8.58 5.52 7.38 4.00 (14.68) 2.85 4.45 4.85 5.73 6.02 (4.7) pt
ROIC 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0 pt
ROE 17.40 15.89 10.50 15.32 8.48 (26.96) 4.66 7.87 9.29 11.48 0.00 (5.9) pt
People
People Employees 42,984 54,242 64,327 81,127 105,212 53,071 55,506 75,005 84,111 88,372 — +8.3%
Revenue/emp, $m 0.04 0.05 0.05 0.04 0.04 0.06 0.05 0.06 0.06 0.06 — +4.8%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to May 2026 · latest quarter Aug 2026 · fundamentals updated 2 Nov 2026

New Oriental Education & Technology Group, Inc. vs peers in Education & Training Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
EDU New Oriental Education & Technology Group, Inc. $8.4B 16.3× 12.7× +23.08% (above 0%: growing) +20.20% (above 0%: growing) +1.60% (above 0%: growing) 56.42% 19.99%
LAUR Laureate Education $4.5B 12.1× 15.8× +21.20% (above 0%: growing) +220.83% (above 0%: growing) +2.65% (above 0%: growing) 27.15% 24.56% Compare
CVSA Covista Inc. $3.8B 15.2× 14.6× +10.65% (above 0%: growing) +16.14% (above 0%: growing) −33.25% (below 0%: shrinking) 56.84% 19.16% Compare
XXI Twenty One Capital, Inc. $3.5B — (loss-making) — — n/m −7,925,300.00% (below 0%: shrinking) — 0.00% Compare
TAL TAL Education Group $3.4B 7.6× 9.5× +15.48% (above 0%: growing) n/m −208.23% (below 0%: shrinking) 59.78% 23.71% Compare
LOPE Grand Canyon Education, Inc. $3.2B 13.0× 16.3× +2.38% (above 0%: growing) +183.05% (above 0%: growing) +38.23% (above 0%: growing) 0.00% 19.25% Compare
LRN Stride, Inc. $3.2B 9.5× 9.7× +2.98% (above 0%: growing) −1.26% (below 0%: shrinking) +31.36% (above 0%: growing) 37.71% 13.18% Compare
MH McGraw Hill, Inc. $2.2B 29.6× 13.6× −5.53% (below 0%: shrinking) −21.05% (below 0%: shrinking) −56.14% (below 0%: shrinking) 79.16% 22.31% Compare
PRDO Perdoceo Education Corporation $1.7B 9.2× 10.1× +1.88% (above 0%: growing) +14.52% (above 0%: growing) +97.05% (above 0%: growing) 0.00% 25.52% Compare
Median of peers $3.3B 12.1× 13.6× +2.98% +15.33% −15.30% 37.71% 20.78%

All 44 Education & Training Services stocks →

New Oriental Education & Technology Group, Inc. (EDU) Latest News

28 Oct

Impact 4 · · The Motley Fool transcript
Impact 4 · · PR Newswire earnings
Impact 3 · · Associated Press earnings
Impact 3 · · TIKR

7 Aug

Impact 4 · · The Motley Fool transcript

30 Jul

Impact 4 ·

29 Jul

Impact 4 ·
Impact 3 ·
Impact 3 · · MarketBeat transcript
Impact 3 · transcript

29 May

Impact 3 · · Insider Monkey

3 May

Impact 4 · · Insider Monkey

27 Apr

Impact 4 · · Simply Wall St.

23 Apr

Impact 4 · · MarketBeat
Impact 4 · · GuruFocus.com

22 Apr

Impact 4 · · The Motley Fool transcript
Impact 4 · · The Motley Fool transcript
Impact 4 ·

4 Apr

Impact 3 · · Simply Wall St.

30 Mar

Impact 3 · · Zacks

13 Feb

Impact 4 · · Zacks

11 Feb

Impact 4 · · Zacks

9 Feb

Impact 4 · · Simply Wall St.

4 Feb

Impact 4 · · Zacks

3 Feb

Impact 4 · · Zacks
Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · Zacks

30 Jan

Impact 4 · · Insider Monkey
Impact 4 · · Simply Wall St.

EDU metrics, ten years each

stockrow.com/EDU · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com