New Oriental Education & Technology Group Inc. (EDU) Key Metrics
EDU valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $9.44B
- Enterprise value
- $4.30B
- P/E (TTM)
- 20.3 10-yr median 43.1
- Forward P/E
- 12.3
- PEG ratio
- 0.97
- Price / sales
- 1.7 10-yr median 3.5
- Price / book
- 2.2 10-yr median 3.5
- EV / EBITDA
- 4.7 10-yr median 23.4
- Dividend yield
- 1.97% $1.20 a year
- Beta
- 0.18
EDU key metrics, FY2017–FY2026
Fiscal year ended May 31, 2026 · U.S. dollarsEDU valuation Price multiples at each fiscal year-end price.
EDU returns How much profit the business earns on the capital it uses.
EDU per-share figures Results divided by the shares outstanding at year-end.
EDU financial health Debt, liquidity and how easily interest is covered.
EDU efficiency & capital use Working capital cycle and where the cash goes.
EDU valuation history
EDU returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
EDU debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
EDU cash returned to shareholders
EDU price vs earnings per share
EDU key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $7.25B | $7.67B | $13.34B | $6.35B | $2.22B | $16.90B | $19.14B | $13.62B | $15.77B | $11.32B |
| Enterprise value | $2.81B | $3.90B | $9.23B | $2.81B | −$1.30B | $12.80B | $17.20B | $10.53B | $13.14B | $9.45B |
| P/E ratio | 15.2 | 20.6 | 43.1 | 35.8 | — | 50.5 | 46.3 | 57.2 | 53.3 | 41.3 |
| Price / sales | 1.3 | 1.6 | 3.1 | 2.1 | 0.7 | 4.0 | 5.3 | 4.4 | 6.4 | 6.3 |
| Price / book | 1.8 | 2.1 | 3.5 | 1.8 | 0.6 | 3.4 | 7.0 | 5.8 | 8.0 | 6.7 |
| Price / free cash flow | 7.1 | 12.0 | 15.9 | 7.7 | — | 24.4 | 38.7 | 25.8 | 28.1 | 22.1 |
| Price / operating cash flow | 7.1 | 8.6 | 11.9 | 6.5 | — | 15.0 | 23.8 | 16.9 | 20.2 | 18.3 |
| EV / sales | 0.5 | 0.8 | 2.1 | 0.9 | -0.4 | 3.0 | 4.8 | 3.4 | 5.4 | 5.3 |
| EV / EBITDA | 4.4 | 6.1 | 17.0 | 6.6 | — | 23.4 | 26.7 | 24.4 | 38.4 | 29.8 |
| EV / free cash flow | 2.7 | 6.1 | 11.0 | 3.4 | — | 18.5 | 34.8 | 19.9 | 23.4 | 18.4 |
| Earnings yield | 6.6% | 4.9% | 2.3% | 2.8% | −53.6% | 2.0% | 2.2% | 1.7% | 1.9% | 2.4% |
| Free cash flow yield | 14.2% | 8.3% | 6.3% | 13.0% | −64.6% | 4.1% | 2.6% | 3.9% | 3.6% | 4.5% |
| Dividend yield | 1.3% | 1.3% | 0.0% | 0.2% | 0.4% | 0.1% | 0.1% | 0.7% | 0.5% | 0.0% |
| Shareholder yield (dividends + buybacks) | 4.5% | 7.1% | 0.5% | 3.2% | 0.7% | 0.2% | 0.1% | 1.1% | 1.0% | 0.0% |
| Share price at fiscal year-end | $45.79 | $47.36 | $79.93 | $37.67 | $13.06 | $102.30 | $119.96 | $85.65 | $99.47 | $71.67 |
| Per share | ||||||||||
| Revenue per share | $35.87 | $30.25 | $25.84 | $17.78 | $18.30 | $25.89 | $22.43 | $19.47 | $15.44 | $11.39 |
| Earnings per share | $3.01 | $2.30 | $1.85 | $1.05 | −$7.00 | $2.02 | $2.59 | $1.50 | $1.87 | $1.74 |
| Operating cash flow per share | $6.48 | $5.54 | $6.72 | $5.76 | −$7.55 | $6.84 | $5.04 | $5.07 | $4.93 | $3.91 |
| Free cash flow per share | $6.48 | $3.94 | $5.03 | $4.91 | −$8.44 | $4.20 | $3.10 | $3.32 | $3.54 | $3.24 |
| Cash per share | $33.41 | $28.26 | $28.60 | $23.71 | $24.70 | $37.90 | $22.05 | $20.07 | $17.12 | $13.71 |
| Book value per share | $25.17 | $22.61 | $22.62 | $21.38 | $21.84 | $29.74 | $17.16 | $14.84 | $12.50 | $10.64 |
| Tangible book value per share | $24.82 | $21.92 | $21.86 | $20.59 | $21.39 | $29.18 | $16.55 | $14.21 | $12.23 | $10.50 |
| Dividends per share | $0.61 | $0.61 | $0.00 | $0.08 | $0.05 | $0.12 | $0.06 | $0.61 | $0.45 | $0.00 |
| Capex per share | $1.56 | $1.60 | $1.70 | $0.85 | $0.89 | $2.64 | $1.94 | $1.74 | $1.39 | $0.67 |
| Debt per share | $5.36 | $4.96 | $3.97 | $2.72 | $4.01 | $13.09 | $9.90 | $0.61 | $0.52 | $1.86 |
| Shares outstanding | 158.4M | 162.0M | 166.9M | 168.6M | 169.6M | 165.2M | 159.5M | 159.0M | 158.6M | 158.0M |
| Change in shares outstanding | −2.2% | −3.0% | −1.0% | −0.6% | +2.7% | +3.5% | +0.3% | +0.3% | +0.4% | +0.4% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 12.5% | 10.0% | 8.4% | 4.9% | −27.6% | 8.7% | 16.2% | 11.0% | 16.2% | 17.8% |
| Return on invested capital (ROIC) | — | — | — | 113.6% | −153.8% | 10.7% | 898.1% | — | — | — |
| Return on assets (ROA) | 5.7% | 4.9% | 4.4% | 2.9% | −14.7% | 4.0% | 7.4% | 5.5% | 8.6% | 10.4% |
| Return on tangible assets | 5.5% | 4.8% | 4.2% | 2.8% | −19.9% | 3.3% | 6.4% | 5.2% | 7.5% | 9.5% |
| Free cash flow margin | 18.1% | 13.0% | 19.5% | 27.6% | −46.1% | 16.2% | 13.8% | 17.1% | 22.9% | 28.5% |
| Income quality (OCF / net income) | 2.15 | 2.41 | 3.63 | 5.48 | — | 3.38 | 1.95 | 3.38 | 2.64 | 2.25 |
| Financial health | ||||||||||
| Total debt | $848.8M | $803.8M | $662.3M | $458.6M | $680.4M | $2.16B | $1.58B | $96.5M | $82.3M | $293.9M |
| Cash & short-term investments | $5.29B | $4.58B | $4.78B | $4.00B | $4.19B | $6.26B | $3.52B | $3.19B | $2.71B | $2.17B |
| Net debt | −$4.44B | −$3.77B | −$4.11B | −$3.54B | −$3.51B | −$4.10B | −$1.94B | −$3.10B | −$2.63B | −$1.87B |
| Debt / equity | 0.21 | 0.22 | 0.18 | 0.13 | 0.18 | 0.44 | 0.58 | 0.04 | 0.04 | 0.17 |
| Debt / assets | 0.10 | 0.10 | 0.09 | 0.07 | 0.11 | 0.21 | 0.24 | 0.02 | 0.02 | 0.10 |
| Net debt / EBITDA | −6.88 | −5.95 | −7.59 | −8.33 | — | −7.49 | −3.01 | −7.17 | −7.70 | −5.89 |
| Current ratio | 1.50 | 1.58 | 1.80 | 1.96 | 2.62 | 1.89 | 1.52 | 1.73 | 1.68 | 1.93 |
| Quick ratio | 1.47 | 1.55 | 1.76 | 1.94 | 2.60 | 1.88 | 1.50 | 1.71 | 1.66 | 1.91 |
| Interest coverage | — | — | — | 268.8 | -242.6 | 17.4 | 86.2 | 189.2 | — | — |
| Working capital | $1.94B | $1.90B | $2.39B | $2.16B | $2.76B | $3.10B | $1.28B | $1.46B | $1.19B | $1.12B |
| Invested capital | −$456.9M | −$112.3M | −$336.8M | $66.3M | $195.0M | $814.6M | $798.8M | −$734.4M | −$649.8M | −$190.9M |
| Tangible asset value | $4.27B | $3.84B | $3.92B | $3.68B | $3.72B | $4.93B | $2.77B | $2.43B | $2.17B | $1.70B |
| Net current asset value | $1.36B | $1.34B | $1.91B | $1.84B | $2.23B | $1.44B | $69.3M | $1.34B | $1.18B | $1.12B |
| Graham number | $41.29 | $34.20 | $30.72 | $22.50 | — | $36.81 | $31.62 | $22.36 | $22.92 | $20.39 |
| Graham net-net per share | $5.75 | $5.61 | $8.89 | $9.18 | $12.13 | $7.46 | −$0.94 | $6.84 | $6.14 | $6.20 |
| Capital allocation | ||||||||||
| Dividends paid | $96.4M | $98.2M | $0 | $12.9M | $7.8M | $19.7M | $10.3M | $96.5M | $71.2M | $0 |
| Share buybacks (net) | $230.9M | $445.5M | $62.9M | $191.6M | $8.0M | $19.7M | $13.4M | $56.0M | $89.6M | $4.6M |
| Dividend payout ratio | 20.2% | 26.4% | 0.0% | 7.3% | — | 5.9% | 2.5% | 40.5% | 24.0% | 0.0% |
| Dividends + buybacks / free cash flow | 31.9% | 85.3% | 7.5% | 24.7% | — | 5.7% | 4.8% | 28.8% | 28.6% | 0.9% |
| Capex / revenue | 4.3% | 5.3% | 6.6% | 4.8% | 4.9% | 10.2% | 8.6% | 8.9% | 9.0% | 5.9% |
| Capex / operating cash flow | 24.0% | 28.9% | 25.2% | 14.7% | — | 38.6% | 38.5% | 34.4% | 28.1% | 17.1% |
| Capex / depreciation | 1.38 | 1.78 | 2.65 | 1.17 | 0.78 | 1.93 | 2.05 | 2.43 | 2.78 | 1.91 |
| Stock-based compensation / revenue | 1.6% | 1.2% | 2.8% | 3.0% | 4.3% | 1.6% | 1.7% | 2.3% | 2.3% | 1.1% |
| SG&A / revenue | 43.1% | 45.6% | 44.3% | 46.6% | 75.1% | 48.9% | 44.5% | 45.8% | 45.7% | 43.8% |
| Efficiency | ||||||||||
| Days sales outstanding | 7.5 | 14.3 | 14.0 | 16.0 | 14.3 | 5.2 | 0.4 | 0.4 | 0.5 | 0.7 |
| Days of inventory on hand | 13.2 | 14.5 | 12.9 | 10.4 | 6.1 | 5.6 | 6.9 | 9.2 | 12.3 | 14.4 |
| Days payables outstanding | 14.7 | 15.6 | 15.6 | 11.9 | 6.3 | 6.4 | 7.7 | 9.8 | 11.0 | 11.1 |
| Cash conversion cycle (days) | 6.1 | 13.2 | 11.3 | 14.5 | 14.2 | 4.4 | -0.4 | -0.2 | 1.8 | 4.0 |
| Receivables turnover | 48.43 | 25.54 | 26.09 | 22.86 | 25.46 | 69.72 | 957.12 | 955.85 | 750.52 | 507.62 |
| Payables turnover | 24.85 | 23.46 | 23.38 | 30.62 | 57.77 | 56.91 | 47.29 | 37.22 | 33.23 | 32.84 |
| Inventory turnover | 27.61 | 25.14 | 28.19 | 34.97 | 59.37 | 65.18 | 52.64 | 39.76 | 29.64 | 25.39 |
| Asset turnover | 0.68 | 0.64 | 0.62 | 0.48 | 0.38 | 0.51 | 0.64 | 0.72 | 0.71 | 0.68 |
| Average receivables | $117.3M | $191.9M | $165.3M | $131.1M | $122.0M | $61.3M | $3.7M | $3.2M | $3.3M | $3.5M |
| Average payables | $103.7M | $93.1M | $87.7M | $46.0M | $30.4M | $35.8M | $33.6M | $37.0M | $32.1M | $22.8M |
| Average inventory | $93.3M | $86.8M | $72.7M | $40.3M | $29.6M | $31.2M | $30.2M | $34.6M | $36.0M | $29.5M |
| Intangibles / total assets | 0.6% | 1.4% | 1.7% | 2.1% | 1.3% | 0.9% | 1.5% | 2.2% | 1.1% | 0.7% |
Computed from EDU's annual financial statements (latest annual report filed September 22, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
EDU valuation and financial ratios
At the end of fiscal 2026 (May 31, 2026), New Oriental Education & Technology traded at 15.2 times earnings, against a 10-year median of 43.1. Based on the latest twelve months, the trailing P/E is 20.3 and the forward P/E is 12.3. New Oriental Education & Technology earned a return on equity of 12.5% in fiscal 2026. It ended the year with $848.8 million of debt and $5.3 billion in cash and short-term investments, a net cash position of $4.4 billion. It returned $327.3 million to shareholders: $96.4 million in dividends and $230.9 million in share buybacks, 32% of free cash flow.
See the EDU income statement, the EDU chart for price history, or the EDU stock overview for the latest quote and news.
EDU key metrics FAQ
What is New Oriental Education & Technology's P/E ratio?
New Oriental Education & Technology's trailing P/E ratio is 20.3 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 12.3. At the end of fiscal 2026 it was 15.2, compared with a 10-year median of 43.1.
What is New Oriental Education & Technology's EV/EBITDA?
New Oriental Education & Technology's enterprise value was 4.4 times EBITDA at the end of fiscal 2026 (enterprise value $2.8 billion, EBITDA $645.5 million); the current EV/EBITDA is 4.7.
What is New Oriental Education & Technology's return on equity?
New Oriental Education & Technology's return on equity (ROE) was 12.5% in fiscal 2026: net income of $476.9 million on average shareholders' equity of $3.8 billion.
How much debt does New Oriental Education & Technology have?
New Oriental Education & Technology had total debt of $848.8 million at the end of fiscal 2026, a debt-to-equity ratio of 0.21 and more cash than debt.
What is New Oriental Education & Technology's dividend yield?
New Oriental Education & Technology's forward dividend yield is 1.97%. New Oriental Education & Technology paid $96.4 million in dividends in fiscal 2026 ($0.61 per share), a payout ratio of 20.2%.
Does New Oriental Education & Technology buy back its shares?
Yes. New Oriental Education & Technology spent $230.9 million on net share repurchases in fiscal 2026 Shares outstanding changed −2.2% over the year, to 158.4M..
What is New Oriental Education & Technology's free cash flow yield?
New Oriental Education & Technology generated $1.0 billion of free cash flow in fiscal 2026, a free cash flow yield of 14.2% on its market value at year-end ($7.3 billion).
What is New Oriental Education & Technology's current ratio?
New Oriental Education & Technology's current ratio was 1.50 at the end of fiscal 2026: current assets were 1.50 times current liabilities.