TAL Education Group (MEX:TAL N) Cyclically Adjusted PB Ratio: 2.04 (As of Jul. 27, 2026) — 21% Below Median

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MEX:TAL N TAL Education Group MEX:TAL N
65 GF Score
Price MXN180.00
GF Value MXN384.71
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is TAL Education Group Cyclically Adjusted PB Ratio?

TAL Education Group MEX:TAL N 65 Cyclically Adjusted PB Ratio is 2.04 as of Jul. 27, 2026, which is 21% below its 10-year median of 2.58. GuruFocus rates MEX:TAL N with a GF Score™ of 65/100 and a GF Value™ of MXN384.71 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 163 Education companies, TAL Education Group ranks worse than 73.62% on this metric.

As of today (2026-07-27), TAL Education Group's current share price is MXN180.00. TAL Education Group's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 was MXN88.15. TAL Education Group's Cyclically Adjusted PB Ratio for today is 2.04.

The historical rank and industry rank for TAL Education Group's Cyclically Adjusted PB Ratio or its related term are showing as below:

MEX:TAL N' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.78   Med: 2.58   Max: 50.43
Current: 2.12

During the past years, TAL Education Group's highest Cyclically Adjusted PB Ratio was 50.43. The lowest was 0.78. And the median was 2.58.

MEX:TAL N's Cyclically Adjusted PB Ratio is ranked worse than
73.62% of 163 companies
in the Education industry
Industry Median: 1.1 vs MEX:TAL N: 2.12

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

TAL Education Group's adjusted book value per share data for the three months ended in Feb. 2026 was MXN117.434. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is MXN88.15 for the trailing ten years ended in Feb. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TAL Education Group  (MEX:TAL N) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


TAL Education Group Cyclically Adjusted PB Ratio Related Terms


TAL Education Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for TAL Education Group's Cyclically Adjusted PB Ratio 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.

TAL Education Group Cyclically Adjusted PB Ratio Chart

TAL Education Group Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.10 2.22 3.95 3.03 2.17

TAL Education Group Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.03 2.24 2.35 2.36 2.17

MEX:TAL N vs LAUR, CVSA, LOPE: Cyclically Adjusted PB Ratio Comparison

For the Education & Training Services subindustry, TAL Education Group's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio 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.


TAL Education Group Cyclically Adjusted PB Ratio vs Education Industry

For the Education industry and Consumer Defensive sector, TAL Education Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where TAL Education Group's Cyclically Adjusted PB Ratio falls into.


MEX:TAL N
65GF Score
TAL Education Group MEX:TAL N
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TAL Education Group Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

TAL Education Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=180.00/88.15
=2.04

* 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.

TAL Education Group's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 is calculated as:

For example, TAL Education Group's adjusted Book Value per Share data for the three months ended in Feb. 2026 was:

Adj_Book=Book Value per Share/CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=117.434/116.8749*116.8749
=117.434

Current CPI (Feb. 2026) = 116.8749.

TAL Education Group Quarterly Data

Book Value per Share CPI Adj_Book
201605 20.997 101.600 24.154
201608 23.056 101.700 26.496
201611 24.943 102.400 28.469
201702 26.090 103.500 29.462
201705 25.344 103.300 28.675
201708 31.204 103.500 35.236
201711 31.729 104.200 35.589
201802 53.862 106.500 59.109
201805 63.413 104.900 70.652
201808 62.879 105.900 69.395
201811 61.505 106.400 67.560
201902 80.932 108.100 87.502
201905 84.367 107.800 91.469
201908 85.234 108.900 91.476
201911 84.555 111.200 88.870
202002 82.785 113.700 85.097
202005 95.637 110.400 101.246
202008 98.528 111.500 103.278
202011 133.392 110.700 140.833
202102 168.872 113.219 174.325
202105 0.000 112.215 0.000
202108 130.662 112.215 136.087
202111 137.265 113.442 141.418
202202 126.917 114.335 129.737
202205 118.306 114.558 120.699
202208 119.670 115.004 121.617
202211 115.684 115.227 117.338
202302 110.720 115.450 112.086
202305 101.438 114.781 103.289
202308 95.294 115.116 96.750
202311 104.143 114.669 106.146
202402 103.376 116.231 103.949
202405 103.603 115.116 105.186
202408 121.841 115.785 122.988
202411 126.385 114.893 128.566
202502 127.076 115.339 128.769
202505 114.006 115.030 115.834
202508 106.489 115.363 107.884
202511 115.815 115.715 116.976
202602 117.434 116.875 117.434

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 2.04 mean?
TAL Education Group (MEX:TAL N) has a Cyclically Adjusted PB Ratio of 2.04 as of Jul. 27, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on TAL Education Group and its competitors. This is 21% below median its historical median of 2.58. Over the past decade, TAL Education Group's Cyclically Adjusted PB Ratio has ranged from 0.78 to 50.43. According to the industry distribution chart, TAL Education Group ranks #120 out of 163 companies in the Education industry, placing it in the top 73.6%.
Is TAL Education Group's Cyclically Adjusted PB Ratio too high?
TAL Education Group's current Cyclically Adjusted PB Ratio of 2.04 is 21% below median its 10-year median of 2.58. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 50.43. The Education industry median Cyclically Adjusted PB Ratio is 1.10. TAL Education Group's value of 2.04 is 85.5% above this industry median. Based on the distribution chart, TAL Education Group ranks #120 out of 163 companies in the Education industry, which is below the industry midpoint. Overall, TAL Education Group has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TAL Education Group's Cyclically Adjusted PB Ratio compare to LAUR and CVSA?
According to the Education industry distribution chart, TAL Education Group ranks #120 out of 163 companies for Cyclically Adjusted PB Ratio. This places TAL Education Group in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.10. TAL Education Group's value of 2.04 is 85.5% above this benchmark. Historically, TAL Education Group's own Cyclically Adjusted PB Ratio has ranged from 0.78 to 50.43 over the past decade. While the company's 10-year median is 2.58 vs. the industry median of 1.10, TAL Education Group has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for an Education company?
The median Cyclically Adjusted PB Ratio among Education companies is 1.10, based on 163 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TAL Education Group's current Cyclically Adjusted PB Ratio of 2.04 is 85.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on TAL Education Group and its competitors. For the Education industry, the median Cyclically Adjusted PB Ratio is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TAL Education Group's current Cyclically Adjusted PB Ratio is 2.04, which is 21% below median its own 10-year median of 2.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TAL Education Group stock overvalued right now?
Based on GuruFocus' analysis, TAL Education Group (MEX:TAL N) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN384.71, compared to a current price of MXN180.00 — trading 53.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.04, which is 21% below median its 10-year median of 2.58 and 85.5% above the Education industry median of 1.10. TAL Education Group's overall GF Score™ is 65/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For TAL Education Group (MEX:TAL N), the current Cyclically Adjusted PB Ratio is 2.04 as of Jul. 27, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is TAL Education Group (MEX:TAL N) Overvalued in 2026?

Based on GuruFocus' analysis, TAL Education Group stock appears to be undervalued. The current stock price of MXN180.00 is trading 53.2% below its estimated GF Value™ of MXN384.71. GuruFocus considers TAL Education Group to be Significantly Undervalued.

Key valuation signals for MEX:TAL N:

  • Cyclically Adjusted PB Ratio: 2.04 (21% below median its 10-year median of 2.58)
  • GF Value™: MXN384.71 vs. price of MXN180.00 (53.2% below fair value)
  • GF Score™: 65/100 with 4 warning signs
  • Industry Position: 85.5% above the Education median (#120 of 163)

No single metric tells the full story. See the MEX:TAL N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TAL Education Group Business Description

Address Qixin Middle Street, TAL Building No.1, Courtyard No. 9, Changping District, Beijing, CHN, 102200
TAL Education Group is a leading learning solutions provider in China. It operates a few business lines including enrichment learning, high school academic tutoring, learning technology, and content solutions. Among those business lines, TAL focuses on enrichment learning and content solutions.
65GF Score

Get the complete analysis for MEX:TAL N

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN180.00
Price
MXN384.71
GF Value