Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
What is New Oriental Education & Technology Group Piotroski F-Score?
New Oriental Education & Technology GroupNWOEF 59 Piotroski F-Score is 6 as of Jul. 16, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates NWOEF with a GF Score™ of 59/100 and a GF Value™ of $7.41 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 250 Education companies, New Oriental Education & Technology Group ranks better than 67.2% on this metric.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
New Oriental Education & Technology Group has an F-score of 6 indicating the company's financial situation is typical for a stable company.
New Oriental Education & Technology Group (OTCPK:NWOEF) Piotroski F-Score Explanation
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
New Oriental Education & Technology Group Piotroski F-Score Related Terms
New Oriental Education & Technology Group Piotroski F-Score Historical Data
* 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 Piotroski F-Score Chart
New Oriental Education & Technology Group Annual Data
NWOEF vs TAL, LAUR, GHC: Piotroski F-Score Comparison
For the Education & Training Services subindustry, New Oriental Education & Technology Group's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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 Piotroski F-Score vs Education Industry
* 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.
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
New Oriental Education & Technology Group's current Net Income (TTM) was 420.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
New Oriental Education & Technology Group's current Cash Flow from Operations (TTM) was 907.
==> Positive ==> Score 1.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
New Oriental Education & Technology Group's return on assets of this year was 0.05640905. New Oriental Education & Technology Group's return on assets of last year was 0.05446633.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
New Oriental Education & Technology Group's gearing of this year was 0.06704712. New Oriental Education & Technology Group's gearing of last year was 0.06651973.
==> Last year is lower than this year ==> Score 0.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
New Oriental Education & Technology Group's current ratio of this year was 1.65533129. New Oriental Education & Technology Group's current ratio of last year was 1.65596305.
==> Last year's current ratio is higher ==> Score 0.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
New Oriental Education & Technology Group's number of shares in issue this year was 1599.859. New Oriental Education & Technology Group's number of shares in issue last year was 1640.844.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
New Oriental Education & Technology Group's gross margin of this year was 0.54962505. New Oriental Education & Technology Group's gross margin of last year was 0.55028927.
==> Last year's gross margin is higher ==> Score 0.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
New Oriental Education & Technology Group's asset turnover of this year was 0.72173575. New Oriental Education & Technology Group's asset turnover of last year was 0.666772.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
=
Que. 1
+
Que. 2
+
Que. 3
+
Que. 4
+
Que. 5
+
Que. 6
+
Que. 7
+
Que. 8
+
Que. 9
=
1
+
1
+
1
+
1
+
0
+
0
+
1
+
0
+
1
=
6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
New Oriental Education & Technology Group has an F-score of 6 indicating the company's financial situation is typical for a stable company.
New Oriental Education & Technology Group (NWOEF) has a Piotroski F-Score of 6 as of Jul. 16, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on New Oriental Education & Technology Group and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, New Oriental Education & Technology Group's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, New Oriental Education & Technology Group ranks #82 out of 250 companies in the Education industry, placing it in the top 32.8%.
Is New Oriental Education & Technology Group's Piotroski F-Score too high?
New Oriental Education & Technology Group's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Education industry median Piotroski F-Score is 5.00. New Oriental Education & Technology Group's value of 6 is 20% above this industry median. Based on the distribution chart, New Oriental Education & Technology Group ranks #82 out of 250 companies in the Education industry, which is above the industry midpoint. Overall, New Oriental Education & Technology Group has a GF Score™ of 59/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does New Oriental Education & Technology Group's Piotroski F-Score compare to TAL and LAUR?
According to the Education industry distribution chart, New Oriental Education & Technology Group ranks #82 out of 250 companies for Piotroski F-Score. This puts New Oriental Education & Technology Group in the upper half of its industry. The industry median Piotroski F-Score is 5.00. New Oriental Education & Technology Group's value of 6 is 20% above this benchmark. Historically, New Oriental Education & Technology Group's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, New Oriental Education & Technology 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 Piotroski F-Score for an Education company?
The median Piotroski F-Score among Education companies is 5.00, based on 250 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. New Oriental Education & Technology Group's current Piotroski F-Score of 6 is 20% 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 Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on New Oriental Education & Technology Group and its competitors. For the Education industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Oriental Education & Technology Group's current Piotroski F-Score is 6, which is 20% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Oriental Education & Technology Group stock overvalued right now?
Based on GuruFocus' analysis, New Oriental Education & Technology Group (NWOEF) is currently considered Significantly Undervalued. The stock's GF Value™ is $7.41, compared to a current price of $4.52 — trading 39% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Education industry median of 5.00. New Oriental Education & Technology Group's overall GF Score™ is 59/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For New Oriental Education & Technology Group (NWOEF), the current Piotroski F-Score is 6 as of Jul. 16, 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 New Oriental Education & Technology Group (NWOEF) Overvalued in 2026?
Based on GuruFocus' analysis, New Oriental Education & Technology Group stock appears to be undervalued.
The current stock price of $4.52 is trading 39% below its estimated GF Value™ of $7.41.
GuruFocus considers New Oriental Education & Technology Group to be Significantly Undervalued.
Key valuation signals for NWOEF:
Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
GF Value™: $7.41 vs. price of $4.52 (39% below fair value)
Industry Position: 20% above the Education median (#82 of 250)
No single metric tells the full story. See the NWOEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
New Oriental Education & Technology Group Business Description
New Oriental Education & Technology is a prominent private education provider in China, offering a wide array of educational services. These include overseas test preparation and consulting services, high school academic tutoring, nonacademic tutoring, and intelligent learning systems and devices. Additionally, the company holds a 57% ownership stake in East Buy, a leading player in the livestreaming e-commerce market.
59GF Score
Get the complete analysis for NWOEF
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NWOEF has been successfully added to your 
