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New Oriental Education & Technology Group (STU:N1U0) Cyclically Adjusted PB Ratio : 4.73 (As of May. 26, 2024)


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What is New Oriental Education & Technology Group Cyclically Adjusted PB Ratio?

As of today (2024-05-26), New Oriental Education & Technology Group's current share price is €7.10. New Oriental Education & Technology Group's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 was €1.50. New Oriental Education & Technology Group's Cyclically Adjusted PB Ratio for today is 4.73.

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

STU:N1U0' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.78   Med: 8.73   Max: 18.94
Current: 4.72

During the past years, New Oriental Education & Technology Group's highest Cyclically Adjusted PB Ratio was 18.94. The lowest was 0.78. And the median was 8.73.

STU:N1U0's Cyclically Adjusted PB Ratio is ranked worse than
87.12% of 132 companies
in the Education industry
Industry Median: 1.235 vs STU:N1U0: 4.72

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.

New Oriental Education & Technology Group's adjusted book value per share data for the three months ended in Feb. 2024 was €2.170. 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 €1.50 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


New Oriental Education & Technology Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for New Oriental Education & Technology 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.

* Premium members only.

New Oriental Education & Technology Group Cyclically Adjusted PB Ratio Chart

New Oriental Education & Technology Group Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.74 12.82 8.74 0.97 2.49

New Oriental Education & Technology Group Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 2.61 2.49 3.48 5.11 5.65

Competitive Comparison of New Oriental Education & Technology Group's Cyclically Adjusted PB Ratio

For the Education & Training Services subindustry, New Oriental Education & Technology 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.


New Oriental Education & Technology Group's Cyclically Adjusted PB Ratio Distribution in the Education Industry

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

* The bar in red indicates where New Oriental Education & Technology Group's Cyclically Adjusted PB Ratio falls into.



New Oriental Education & Technology 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.

New Oriental Education & Technology Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.10/1.5
=4.73

* 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's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 is calculated as:

For example, New Oriental Education & Technology Group's adjusted Book Value per Share data for the three months ended in Feb. 2024 was:

Adj_Book=Book Value per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=2.17/116.2310*116.2310
=2.170

Current CPI (Feb. 2024) = 116.2310.

New Oriental Education & Technology Group Quarterly Data

Book Value per Share CPI Adj_Book
201405 0.473 98.300 0.559
201408 0.551 98.400 0.651
201411 0.583 98.600 0.687
201502 0.646 100.500 0.747
201505 0.698 99.500 0.815
201508 0.723 100.400 0.837
201511 0.763 100.100 0.886
201602 0.751 102.700 0.850
201605 0.789 101.600 0.903
201608 0.870 101.700 0.994
201611 0.890 102.400 1.010
201702 0.937 103.500 1.052
201705 0.965 103.300 1.086
201708 0.977 103.500 1.097
201711 0.980 104.200 1.093
201802 1.038 106.500 1.133
201805 1.064 104.900 1.179
201808 1.089 105.900 1.195
201811 1.082 106.400 1.182
201902 1.157 108.100 1.244
201905 1.337 107.800 1.442
201908 1.422 108.900 1.518
201911 1.482 111.200 1.549
202002 1.593 113.700 1.628
202005 1.581 110.400 1.665
202008 1.607 111.500 1.675
202011 2.339 110.700 2.456
202102 2.389 113.219 2.453
202105 2.393 112.215 2.479
202108 0.000 112.215 0.000
202111 2.119 113.442 2.171
202202 2.097 114.335 2.132
202205 2.066 114.558 2.096
202208 2.152 115.004 2.175
202211 2.082 115.227 2.100
202302 2.118 115.450 2.132
202305 2.018 114.781 2.043
202308 2.072 115.116 2.092
202311 2.138 114.669 2.167
202402 2.170 116.231 2.170

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.


New Oriental Education & Technology Group  (STU:N1U0) 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.


New Oriental Education & Technology Group Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of New Oriental Education & Technology Group's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


New Oriental Education & Technology Group (STU:N1U0) Business Description

Address
No. 6 Hai Dian Zhong Street, Haidian District, Beijing, CHN, 100080
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.

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