Saturday 17 October 2026
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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. In the quarter to May 2026, revenue grew 23.0%, EPS grew 900.0% and free cash flow grew 72.9%, each against the same quarter a year earlier. Revenue growth for three consecutive years.
60.88
0.53
+0.88%
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| May '26 | May '25 | May '24 | May '23 | May '22 | May '21 | May '20 | May '19 | May '18 | May '17 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
7 | 8 | 7 | 8 | 2 | 5 | 6 | 5 | 5 | 4 |
P/E ratio |
15.64 | 20.11 | 42.74 | 35.54 | 0.00 | 54.63 | 46.74 | 56.72 | 53.19 | 40.95 |
Altman Z-Score |
2.44 | 2.61 | 3.67 | 2.71 | 1.37 | 3.12 | 4.50 | 5.59 | 6.46 | 7.56 |
P/S ratio |
1.31 | 1.51 | 3.06 | 2.11 | 0.71 | 4.27 | 5.40 | 4.38 | 6.43 | 6.27 |
Altman Z″-Score (non-manufacturers) |
3.71 | 3.78 | 4.27 | 4.60 | 4.26 | 3.85 | 3.49 | 4.91 | 4.59 | 5.93 |
P/FCF ratio |
75.11 | 98.95 | 78.32 | 27.72 | 0.00 | 60.49 | 0.00 | 6.44 | 10.14 | 11.59 |
P/Operating CF |
14.33 | 18.52 | 35.07 | 15.00 | (2.12) | 59.93 | 178.19 | 16.83 | 20.14 | 18.13 |
Beneish M-Score |
(2.65) | (2.64) | (3.02) | (2.90) | 0.25 | (2.37) | (2.87) | 3.21 | (3.16) | (2.91) |
Dividend Safety Score |
77 | — | — | — | — | — | — | — | — | — |
P/B ratio |
1.72 | 1.87 | 3.26 | 1.66 | 0.58 | 3.64 | 6.74 | 5.37 | 7.83 | 6.56 |
Price to Tangible BV |
1.76 | 1.92 | 3.37 | 1.72 | 0.60 | 3.70 | 6.97 | 5.59 | 8.01 | 6.65 |
EV/Sales |
0.40 | 0.56 | 1.94 | 0.78 | (0.60) | 2.83 | 4.45 | 3.38 | 5.32 | 5.07 |
EV/EBITDA |
3.51 | 6.43 | 23.92 | 12.27 | 6.52 | 66.05 | 35.78 | 34.24 | 49.51 | 34.81 |
EV/Operating CF |
2.20 | 3.07 | 7.47 | 2.40 | 1.45 | 10.71 | 19.80 | 3.84 | 6.77 | 8.00 |
EV/FCF |
22.81 | 36.83 | 49.67 | 10.23 | 0.85 | 40.13 | (494.77) | 4.97 | 8.39 | 9.36 |
Quick Ratio |
1.37 | 1.46 | 1.66 | 1.84 | 2.47 | 1.81 | 1.42 | 1.61 | 1.55 | 1.81 |
Current Ratio |
1.50 | 1.58 | 1.80 | 1.96 | 2.62 | 1.89 | 1.52 | 1.73 | 1.68 | 1.93 |
Net Debt/EBITDA |
(6.44) | (8.29) | (10.83) | (13.13) | 5.32 | (16.50) | (6.18) | (7.38) | (7.94) | (6.82) |
Debt/Assets |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.80% | 2.08% | 0.00% | 0.00% |
Debt/Equity |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 0.04 | 0.00 | 0.00 |
Asset Turnover |
0.68 | 0.64 | 0.62 | 0.48 | 0.38 | 0.51 | 0.64 | 0.72 | 0.71 | 0.68 |
Operating CF/Net income |
2.16 | 2.41 | 3.63 | 5.48 | 1.08 | 3.38 | 1.95 | 3.38 | 2.64 | 2.27 |
Capex/Depreciation |
(1.38) | (1.77) | (2.65) | (1.14) | (0.72) | (1.70) | (1.89) | (2.28) | (2.65) | (1.86) |
Interest Coverage |
22,973.25 | 1,377.01 | 1,175.92 | 268.81 | (242.60) | 22.09 | 86.23 | 189.19 | 3.11 | 4.28 |
| 11.48% | 9.29% | 7.87% | 4.66% | (26.96%) | 8.48% | 15.32% | 10.50% | 15.89% | 17.40% | |
| 5.73% | 4.85% | 4.45% | 2.85% | (14.68%) | 4.00% | 7.38% | 5.52% | 8.58% | 10.40% | |
ROIC |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Return on Tangible Assets |
16.84% | 13.95% | 10.69% | 7.03% | (37.51%) | 8.43% | 21.20% | 11.95% | 18.05% | 19.52% |
Average Days of Receivables |
2.88 | 2.99 | 2.88 | 5.17 | 4.66 | 1.09 | 0.77 | 5.42 | 0.71 | 1.88 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
43.27% | 45.48% | 44.33% | 46.64% | 75.15% | 48.89% | 44.45% | 45.80% | 45.71% | 43.78% |
Intangible Assets out of Total Assets |
0.01 | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 |
Share Based Compensation of Revenue |
1.56% | 1.22% | 2.84% | 3.00% | 4.28% | 1.61% | 1.73% | 2.30% | 2.35% | 1.13% |
Graham Net Nets |
0.18 | 0.18 | 0.14 | 0.29 | 1.01 | 0.08 | 0.00 | 0.10 | 0.06 | 0.10 |
Graham Number |
43.07 | 35.31 | 32.10 | 23.28 | 0.00 | 37.32 | 32.62 | 23.28 | 23.11 | 20.73 |
Earnings Yield |
6.39% | 4.97% | 2.34% | 2.81% | (16.20%) | 1.83% | 2.14% | 1.76% | 1.88% | 2.44% |
Free Cash Flow Yield |
1.33% | 1.01% | 1.28% | 3.61% | (98.14%) | 1.65% | (0.17%) | 15.53% | 9.86% | 8.63% |
Revenue per Share |
35.87 | 30.25 | 26.09 | 17.86 | 18.30 | 25.99 | 22.59 | 19.56 | 15.47 | 11.42 |
Operating CF per Share |
6.51 | 5.54 | 6.79 | 5.79 | (7.55) | 6.87 | 5.08 | 5.09 | 4.94 | 3.95 |
Capex per Share |
(1.56) | (1.60) | (1.71) | (0.83) | (0.83) | (2.38) | (1.80) | (1.64) | (1.33) | (0.65) |
Free Cash Flow per Share |
4.94 | 3.94 | 5.08 | 4.95 | (8.38) | 4.49 | 3.28 | 3.45 | 3.61 | 3.30 |
Cash per Share |
33.53 | 29.38 | 29.95 | 24.47 | 24.70 | 38.05 | 22.21 | 20.16 | 17.16 | 13.75 |
Shareholders Equity per Share |
27.40 | 24.41 | 24.49 | 22.73 | 22.36 | 30.50 | 18.11 | 15.95 | 12.70 | 10.92 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
27.40 | 24.41 | 24.49 | 22.73 | 22.36 | 30.50 | 18.11 | 15.95 | 12.70 | 10.92 |
Free Cash Flow |
780.47 | 637.64 | 839.68 | 831.40 | (1,420.81) | 739.13 | 519.38 | 546.01 | 571.33 | 519.77 |
Working Capital |
1,942.07 | 1,897.89 | 2,388.02 | 2,162.91 | 2,763.85 | 3,102.71 | 1,277.06 | 1,460.02 | 1,191.03 | 1,123.58 |
Capital Expenditures |
(246.61) | (258.95) | (282.96) | (139.61) | (140.36) | (390.96) | (285.07) | (259.64) | (209.80) | (102.93) |
Net Current Asset Value |
1,364.15 | 1,335.94 | 1,906.22 | 1,836.22 | 2,232.82 | 1,441.28 | 69.35 | 1,344.78 | 972.27 | 1,121.36 |
EV/EBIT |
3.51 | 6.43 | 23.92 | 12.27 | 6.52 | 81.21 | 39.92 | 34.24 | 49.51 | 34.81 |
Capex to Sales |
0.04 | 0.05 | 0.07 | 0.05 | 0.05 | 0.09 | 0.08 | 0.08 | 0.09 | 0.06 |
Price to Operating Income |
11.55 | 17.26 | 37.72 | 33.27 | 0.00 | 122.42 | 48.44 | 44.37 | 59.83 | 43.07 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.20 | 0.19 | 0.21 | 0.34 | 0.48 | 0.27 | 0.22 | 0.21 | 0.18 | 0.20 |
Cash ROIC |
8.12% | 7.32% | 9.33% | 10.49% | (17.79%) | 6.55% | 7.98% | 9.39% | 12.10% | 13.38% |
Accounts Receivable Turnover |
133.32 | 131.93 | 112.70 | 73.00 | 118.39 | 420.36 | 133.77 | 122.11 | 348.02 | 204.76 |
Accounts Payable Turnover |
24.76 | 23.46 | 23.38 | 30.62 | 57.77 | 56.91 | 47.29 | 37.22 | 33.23 | 32.84 |
Inventory Turnover |
27.51 | 25.14 | 28.19 | 34.97 | 59.37 | 65.18 | 52.64 | 39.76 | 29.64 | 25.39 |
Average Days of Payables |
18.04 | 13.46 | 18.81 | 18.07 | 4.64 | 6.89 | 7.61 | 9.03 | 13.66 | 11.81 |
Days of Inventory on Hand |
15.04 | 13.52 | 16.52 | 13.64 | 5.81 | 5.59 | 7.20 | 7.70 | 13.76 | 15.46 |
Average Receivables |
42.46 | 37.14 | 38.27 | 41.07 | 26.23 | 10.17 | 26.75 | 25.36 | 7.03 | 8.79 |
Average Payables |
103.71 | 93.08 | 87.72 | 46.03 | 30.37 | 35.79 | 33.60 | 36.97 | 32.07 | 22.83 |
Average Inventory |
93.34 | 86.85 | 72.75 | 40.31 | 29.55 | 31.25 | 30.19 | 34.61 | 35.96 | 29.52 |
Average Assets |
8,298.76 | 7,668.59 | 6,962.07 | 6,213.56 | 8,092.86 | 8,353.97 | 5,601.72 | 4,312.14 | 3,451.35 | 2,639.91 |
Average Common Equity |
4,139.07 | 4,001.37 | 3,931.90 | 3,804.16 | 4,405.85 | 3,943.99 | 2,697.45 | 2,266.58 | 1,864.07 | 1,577.37 |
Columns are period end dates · fundamentals updated 2 Oct 2026