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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%
Market cap
$8.4B
P/E
20.2×
Fwd P/E
11.4×
Dividend yield
0.99%
F-score
7/9
Altman Z
2.44
Beneish M
−2.65
Dividend safety
77/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 4.10
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — 1 1 — —
Insider Ownership 13.90%

Capital & Financial Ratios $m

Market Cap 8,440.00
Revenue 5,661.29
Net Income 516.66
Free Cash Flow 98.95
Net Debt (5,292.09)
Current Ratio 1.50
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 20.23
Fwd P/E 11.40
P/S ratio 1.70
P/B ratio 2.22
Past 5Y EPS Growth 8.23%
This Y EPS Growth 23.38% (at or above 15%: strong)
Next Y EPS Growth 15.90% (at or above 15%: strong)
Next Y revenue growth 16.58% (at or above 10%: strong)
Next 5Y EPS Growth 16.65% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.8×, 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 11.22%
10-year low 10-year high
P/S against its own 10 years 23.96%
10-year low 10-year high
P/B against its own 10 years 32.36%
10-year low 10-year high
EV/Sales against its own 10 years 19.48%
10-year low 10-year high
EV/FCF against its own 10 years 81.83%
10-year low 10-year high

Dividends

Payout Ratio 0.20
Annual Dividend Rate 0.60
Annual Dividend Yield 0.99%
total individual payouts
2029 Powerpack
2028 Powerpack
2027 Powerpack
2026 1.19
0.60
2025 0.60
0.60
2024 0.00
0.60
2023 Powerpack
2022 Powerpack
2021 Powerpack
2017 4.50
4.50
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 2026
Cash 4,108 4,953 4,759 5,292
Receivables 42 34 40 45
Inventory 53 93 81 106
Other — — — —
4,414 5,389 5,188 5,832
2023 2024 2025 2026
Payables 70 106 80 127
ST’ Debt — — — —
Other — — — —
2,251 3,001 3,290 3,890

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%

Revenue $m

Aug Nov Feb May Year
’26 — — — — —
’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 — — — — —
’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 — — — — —
’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.

EPS $

Aug Nov Feb May Year
’26 — — — — —
’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.

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to May

Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 2027e 2028e 2029e
Price, $
Price, $ Low 42.31 50.30 53.62 102.01 16.80 8.40 33.63 54.00 40.66 44.25

Analyst estimates 2027–2029

Powerpack
High 95.47 108.40 128.80 186.40 199.74 42.19 83.73 98.20 64.38 64.97
People
People Employees 42,984 54,242 64,327 81,127 105,212 53,071 55,506 75,005 84,111 88,372
Revenue/emp, $m 0.04 0.05 0.05 0.04 0.04 0.06 0.05 0.06 0.06 0.06
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
Gross margin, % 58.34 56.45 55.55 55.60 52.37 43.51 52.98 52.45 55.45 54.64
EBT 331 357 316 488 315 (1,032) 309 494 536 731
EBT margin, % 18.38 14.59 10.20 13.63 7.37 (33.25) 10.29 11.45 10.95 12.90
Net income 277 297 228 355 230 (1,220) 235 325 376 517
Depreciation 55 79 114 151 230 194 123 107 146 179
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
Earnings 1.74 1.87 1.50 2.61 2.00 (7.19) 1.06 1.87 2.29 3.01
Cash flow 3.95 4.94 5.09 5.08 6.87 (7.55) 5.79 6.79 5.54 6.51
Capex (0.65) (1.33) (1.64) (1.80) (2.38) (0.83) (0.83) (1.71) (1.60) (1.56)
Free cash flow 3.30 3.61 3.45 3.28 4.49 (8.38) 4.95 5.08 3.94 4.94
Book value 10.92 12.70 15.95 18.11 30.50 22.36 22.73 24.49 24.41 27.40
Shares, m 158 158 158 158 165 170 168 165 162 158
Valuation, ×
Valuation, × P/E 40.95 53.19 56.72 46.74 54.63 0.00 35.54 42.74 20.11 15.64
P/S 6.27 6.43 4.38 5.40 4.27 0.71 2.11 3.06 1.51 1.31
P/B 6.56 7.83 5.37 6.74 3.64 0.58 1.66 3.26 1.87 1.72
EV/Sales 5.07 5.32 3.38 4.45 2.83 (0.60) 0.78 1.94 0.56 0.40
EV/FCF 9.36 8.39 4.97 (494.77) 40.13 0.85 10.23 49.67 36.83 22.81
Cash, $m
Cash, $m Operating cash flow 623 781 806 804 1,130 (1,280) 971 1,123 897 1,027
Capex (103) (210) (260) (285) (391) (140) (140) (283) (259) (247)
Free cash flow 520 571 546 519 739 (1,421) 831 840 638 780
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
Total debt — — 96 118 1,649 511 303 — — —
Net debt (2,166) (2,715) (3,095) (3,400) (6,261) (4,191) (4,108) (4,953) (4,759) (5,292)
Shareholders’ equity 1,720 2,008 2,525 2,870 5,018 3,794 3,815 4,049 3,954 4,324
Returns, %
Returns, % ROA 10.40 8.58 5.52 7.38 4.00 (14.68) 2.85 4.45 4.85 5.73
ROIC 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
ROE 17.40 15.89 10.50 15.32 8.48 (26.96) 4.66 7.87 9.29 11.48
Negative figures in brackets.

All 10 years →

Fiscal years to May 2026 · latest quarter May 2026 · fundamentals updated 2 Oct 2026

Charts ten years each

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 20.2× 11.4× +23.04% (above 0%: growing) +900.00% (above 0%: growing) +72.87% (above 0%: growing) 53.10% 5.61%
LAUR Laureate Education $5.4B 17.2× 15.8× +17.50% (above 0%: growing) +50.77% (above 0%: growing) +37.68% (above 0%: growing) 38.59% 36.28% Compare
GHC Graham Holdings Company $5.1B 9.6× 15.5× +7.13% (above 0%: growing) +677.34% (above 0%: growing) −58.54% (below 0%: shrinking) 30.10% 6.42% Compare
CVSA Covista Inc. $4.3B 17.7× 15.0× +9.69% (above 0%: growing) +40.67% (above 0%: growing) +102.24% (above 0%: growing) 56.77% 19.04% Compare
LOPE Grand Canyon Education, Inc. $4.2B 19.4× 16.3× +6.69% (above 0%: growing) +18.24% (above 0%: growing) −15.15% (below 0%: shrinking) 49.36% 22.02% Compare
TAL TAL Education Group $4.2B 7.3× 12.0× +31.89% (above 0%: growing) +1,380.00% (above 0%: growing) +37.51% (above 0%: growing) 57.78% 18.09% Compare
LRN Stride, Inc. $3.5B 10.4× 13.4× −2.69% (below 0%: shrinking) +62.18% (above 0%: growing) +3.70% (above 0%: growing) 34.16% 16.64% Compare
MH McGraw Hill, Inc. $2.7B 27.7× 15.6× +2.65% (above 0%: growing) +9,900.00% (above 0%: growing) +57.50% (above 0%: growing) 79.87% 20.78% Compare
PRDO Perdoceo Education Corporation $2.1B 12.0× 11.7× +1.80% (above 0%: growing) +22.22% (above 0%: growing) −3.87% (below 0%: shrinking) 76.15% 25.72% Compare
Median of peers $4.2B 14.6× 15.3× +6.91% +56.48% +20.60% 53.07% 19.91%

All 46 Education & Training Services stocks →

New Oriental Education & Technology Group, Inc. (EDU) key facts

  • Strength: 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.
  • New Oriental Education & Technology Group, Inc. (EDU) is an Education & Training Services company in the Consumer Defensive sector, traded in the US as an ADR.
  • As of October 16, 2026, EDU traded at $60.88, a market capitalization of $8.4 billion.
  • New Oriental Education & Technology Group, Inc. pays an annual dividend of $0.60 per share, a yield of 0.99%, with a payout ratio of 20.3%.
  • Return on equity was 11.5% and debt-to-equity 0.00.
  • Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 2.44 (grey zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations · fundamentals updated Oct 2, 2026.

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

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