New Oriental Education & Technology Group (HKSE:09901) Shiller PE Ratio : 88.09 (As of May. 12, 2024)

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What is New Oriental Education & Technology Group Shiller PE Ratio?

As of today (2024-05-12), New Oriental Education & Technology Group's current share price is HK$66.95. New Oriental Education & Technology Group's E10 for the quarter that ended in Feb. 2024 was HK$0.76. New Oriental Education & Technology Group's Shiller PE Ratio for today is 88.09.

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

HKSE:09901' s Shiller PE Ratio Range Over the Past 10 Years
Min: 9.81 Med: 60.6 Max: 120.17
Current: 87.81

During the past years, New Oriental Education & Technology Group's highest Shiller PE Ratio was 120.17. The lowest was 9.81. And the median was 60.60.

HKSE:09901's Shiller PE Ratio is ranked worse than
93.75% of 96 companies
in the Education industry
Industry Median: 19.395 vs HKSE:09901: 87.81

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

New Oriental Education & Technology Group's adjusted earnings per share data for the three months ended in Feb. 2024 was HK$0.391. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is HK$0.76 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation

New Oriental Education & Technology Group Shiller PE Ratio Historical Data

The historical data trend for New Oriental Education & Technology Group's Shiller PE 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 Shiller PE Ratio Chart

New Oriental Education & Technology Group Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Shiller PE Ratio

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65.51

78.11

60.86

14.27

40.91

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
Shiller PE Ratio	Get a 7-Day Free Trial															41.74	40.91	58.52	86.60	97.58

Competitive Comparison of New Oriental Education & Technology Group's Shiller PE Ratio

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

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

* The bar in red indicates where New Oriental Education & Technology Group's Shiller PE Ratio falls into.

New Oriental Education & Technology Group Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

New Oriental Education & Technology Group's Shiller PE Ratio for today is calculated as

Shiller PE Ratio	=	Share Price	/	E10
	=	66.95	/	0.76
	=	88.09

New Oriental Education & Technology Group's E10 for the quarter that ended in Feb. 2024 is calculated as:

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

Adj_EPS	=	Earnings per Share (Diluted)	/	CPI of Feb. 2024 (Change)	*	Current CPI (Feb. 2024)
	=	0.391	/	114.6694	*	114.6694
	=	0.391

Current CPI (Feb. 2024) = 114.6694.

New Oriental Education & Technology Group Quarterly Data

	Earnings per Share (Diluted)	CPI	Adj_EPS
201405	0.209	98.300	0.244
201408	0.550	98.400	0.641
201411	0.016	98.600	0.019
201502	0.202	100.500	0.230
201505	0.178	99.500	0.205
201508	0.636	100.400	0.726
201511	0.031	100.100	0.036
201602	0.241	102.700	0.269
201605	0.210	101.600	0.237
201608	0.690	101.700	0.778
201611	0.054	102.400	0.060
201702	0.334	103.500	0.370
201705	0.273	103.300	0.303
201708	0.782	103.500	0.866
201711	0.023	104.200	0.025
201802	0.336	106.500	0.362
201805	0.322	104.900	0.352
201808	0.604	105.900	0.654
201811	-0.125	106.400	-0.135
201902	0.479	108.100	0.508
201905	0.212	107.800	0.226
201908	1.027	108.900	1.081
201911	0.266	111.200	0.274
202002	0.700	113.700	0.706
202005	0.062	110.400	0.064
202008	0.845	111.500	0.869
202011	0.256	110.700	0.265
202102	0.698	113.219	0.707
202105	-0.233	112.215	-0.238
202108	0.311	112.215	0.318
202111	-4.284	113.442	-4.330
202202	-0.546	114.335	-0.548
202205	-0.863	114.558	-0.864
202208	0.314	115.004	0.313
202211	0.003	115.227	0.003
202302	0.392	115.450	0.389
202305	0.157	114.781	0.157
202308	0.783	115.116	0.780
202311	0.156	114.669	0.156
202402	0.391	114.669	0.391

Add all the adjusted EPS together and divide 10 will get our E10.

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 (HKSE:09901) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.

Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.

New Oriental Education & Technology Group Shiller PE Ratio Related Terms

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New Oriental Education & Technology Group (HKSE:09901) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » New Oriental Education & Technology Group Inc (HKSE:09901) » Definitions » Shiller PE Ratio

Comparable Companies

Traded in Other Exchanges

EDU:USA EDUN:Mexico 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.

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