In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
New Oriental Education & Technology Group's net current asset value per share for the quarter that ended in Nov. 2023 was $10.12.
The historical rank and industry rank for New Oriental Education & Technology Group's Net Current Asset Value or its related term are showing as below:
EDU'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.03 Med: 7.33 Max: 1210.8
Current: 7.66
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of New Oriental Education & Technology Group was 1210.80. The lowest was 1.03. And the median was 7.33.
EDU's Price-to-Net-Current-Asset-Value is ranked worse than 65.14% of 109
companies
in the Education industry
Industry Median: 5.62
vs EDU: 7.66
New Oriental Education & Technology Group Net Current Asset Value Historical Data
The historical data trend for New Oriental Education & Technology Group's Net Current Asset Value can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
New Oriental Education & Technology Group Annual Data
For the Education & Training Services subindustry, New Oriental Education & Technology Group's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
New Oriental Education & Technology Group Price-to-Net-Current-Asset-Value Distribution
For the Education industry and Consumer Defensive sector, New Oriental Education & Technology Group's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where New Oriental Education & Technology Group's Price-to-Net-Current-Asset-Value falls into.
New Oriental Education & Technology Group Net Current Asset Value Calculation
New Oriental Education & Technology Group's Net Current Asset Value (NCAV) per share for the fiscal year that ended in May. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
New Oriental Education & Technology Group (NYSE:EDU) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
New Oriental Education & Technology Group Net Current Asset Value Related Terms
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New Oriental Education & Technology Group (New Oriental Education & Technology Group) Business Description
New Oriental is a leading private education provider in China. K-9 academic after-school tutoring used to account for 50%-60% of New Oriental's revenue before the regulatory crackdown in 2021. After terminating its K-9 academic after-school tutoring business, New Oriental has identified a few new initiatives such as nonacademic tutoring and intelligent learning systems and devices. The remaining businesses include high school academic after-school tutoring and overseas-related test preparation and consulting business. It also owns 55.7% of East Buy (HKG: 01797), a market leader in livestreaming e-commerce.
New Oriental Education & Technology Group (New Oriental Education & Technology Group) Headlines
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