New Oriental Education & Technology Group (New Oriental Education & Technology Group) Price-to-Tangible-Book : 3.45 (As of Apr. 24, 2024)

View and export this data going back to 2006. Start your Free Trial

What is New Oriental Education & Technology Group Price-to-Tangible-Book?

As of today (2024-04-24), New Oriental Education & Technology Group's share price is $77.08. New Oriental Education & Technology Group's Tangible Book per Share of Nov. 2023 for the quarter that ended in Nov. 2023 was $22.35. Hence, New Oriental Education & Technology Group's Price to Tangible Book Ratio of today is 3.45.

The historical rank and industry rank for New Oriental Education & Technology Group's Price-to-Tangible-Book or its related term are showing as below:

EDU' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.61 Med: 4.47 Max: 8.09
Current: 3.45

During the past 13 years, New Oriental Education & Technology Group's highest Price to Tangible Book Ratio was 8.09. The lowest was 0.61. And the median was 4.47.

EDU's Price-to-Tangible-Book is ranked worse than
65.58% of 215 companies
in the Education industry
Industry Median: 2.02 vs EDU: 3.45

A closely related ratio is called PB Ratio. As of today, New Oriental Education & Technology Group's share price is $77.08. New Oriental Education & Technology Group's Book Value per Sharefor the quarter that ended in Nov. 2023 was $23.14. Hence, New Oriental Education & Technology Group's P/B Ratio of today is 3.33.

New Oriental Education & Technology Group Price-to-Tangible-Book Historical Data

The historical data trend for New Oriental Education & Technology Group's Price-to-Tangible-Book 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 Price-to-Tangible-Book Chart

New Oriental Education & Technology Group Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Price-to-Tangible-Book

Get a 7-Day Free Trial

5.98

7.21

3.59

0.61

1.78

New Oriental Education & Technology Group Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.41	1.77	1.78	2.49	3.64

Competitive Comparison of New Oriental Education & Technology Group's Price-to-Tangible-Book

For the Education & Training Services subindustry, New Oriental Education & Technology Group's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, New Oriental Education & Technology Group's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where New Oriental Education & Technology Group's Price-to-Tangible-Book falls into.

New Oriental Education & Technology Group Price-to-Tangible-Book Calculation

New Oriental Education & Technology Group's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Nov. 2023 )
	=	77.08	/	22.351
	=	3.45

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

New Oriental Education & Technology Group Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of New Oriental Education & Technology Group's Price-to-Tangible-Book 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 » Price-to-Tangible-Book

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.