New Oriental Education & Technology Group (New Oriental Education & Technology Group) Cyclically Adjusted PS Ratio : 4.70 (As of Apr. 27, 2024)

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

As of today (2024-04-27), New Oriental Education & Technology Group's current share price is $83.26. New Oriental Education & Technology Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 was $17.73. New Oriental Education & Technology Group's Cyclically Adjusted PS Ratio for today is 4.70.

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

EDU' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.67 Med: 8.73 Max: 15.8
Current: 4.49

During the past years, New Oriental Education & Technology Group's highest Cyclically Adjusted PS Ratio was 15.80. The lowest was 0.67. And the median was 8.73.

EDU's Cyclically Adjusted PS Ratio is ranked worse than
85.82% of 141 companies
in the Education industry
Industry Median: 1.06 vs EDU: 4.49

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

New Oriental Education & Technology Group's adjusted revenue per share data for the three months ended in Feb. 2024 was $7.222. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $17.73 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 PS Ratio Historical Data

The historical data trend for New Oriental Education & Technology Group's Cyclically Adjusted PS 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.

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New Oriental Education & Technology Group Cyclically Adjusted PS Ratio Chart

New Oriental Education & Technology Group Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Cyclically Adjusted PS Ratio

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9.14

10.43

7.38

0.85

2.29

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 PS Ratio	Get a 7-Day Free Trial															2.38	2.29	3.21	4.73	5.28

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

For the Education & Training Services subindustry, New Oriental Education & Technology Group's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 PS Ratio Distribution in the Education Industry

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

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

New Oriental Education & Technology Group Cyclically Adjusted PS Ratio Calculation

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

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

Cyclically Adjusted PS Ratio	=	Share Price	/	Cyclically Adjusted Revenue per Share
	=	83.26	/	17.73
	=	4.70

New Oriental Education & Technology Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 is calculated as:

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

Adj_RevenuePerShare	=	Revenue per Share	/	CPI of Feb. 2024 (Change)	*	Current CPI (Feb. 2024)
	=	7.222	/	114.6694	*	114.6694
	=	7.222

Current CPI (Feb. 2024) = 114.6694.

New Oriental Education & Technology Group Quarterly Data

	Revenue per Share	CPI	Adj_RevenuePerShare
201405	1.816	98.300	2.118
201408	2.485	98.400	2.896
201411	1.501	98.600	1.746
201502	1.834	100.500	2.093
201505	2.103	99.500	2.424
201508	2.920	100.400	3.335
201511	1.768	100.100	2.025
201602	2.200	102.700	2.456
201605	2.506	101.600	2.828
201608	3.384	101.700	3.816
201611	2.162	102.400	2.421
201702	2.771	103.500	3.070
201705	3.074	103.300	3.412
201708	4.178	103.500	4.629
201711	2.951	104.200	3.247
201802	3.901	106.500	4.200
201805	4.411	104.900	4.822
201808	5.401	105.900	5.848
201811	3.754	106.400	4.046
201902	5.015	108.100	5.320
201905	5.299	107.800	5.637
201908	6.713	108.900	7.069
201911	4.927	111.200	5.081
202002	5.787	113.700	5.836
202005	5.004	110.400	5.198
202008	6.174	111.500	6.349
202011	5.482	110.700	5.679
202102	7.022	113.219	7.112
202105	7.143	112.215	7.299
202108	7.719	112.215	7.888
202111	3.879	113.442	3.921
202202	3.619	114.335	3.630
202205	3.088	114.558	3.091
202208	4.375	115.004	4.362
202211	3.776	115.227	3.758
202302	4.485	115.450	4.455
202305	5.158	114.781	5.153
202308	6.605	115.116	6.579
202311	5.208	114.669	5.208
202402	7.222	114.669	7.222

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 (NYSE:EDU) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.

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

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

New Oriental Education & Technology Group (New Oriental Education & Technology Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » New Oriental Education & Technology Group Inc (NYSE:EDU) » Definitions » Cyclically Adjusted PS Ratio

Comparable Companies

Traded in Other Exchanges

EDUN:Mexico 09901:Hong Kong 0K75:UK N1U0:Germany E1DU34:Brazil

Address

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

Website

https://www.neworiental.org

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.