New Oriental Education & Technology
New Oriental Education & Technology Group Inc. engages in the provision of private educational services under the New Oriental brand in the People's Republic of China. The company operates through four segments: Educational Services and Test Preparation Courses; Private Label Products and Livestreaming E-Commerce; Overseas Study Consulting Services; and Educational Materials and Distribution. The… Read more
New Oriental Education & Technology (EDU) - Net Assets
Latest net assets as of November 2025: $4.20 Billion USD
Based on the latest financial reports, New Oriental Education & Technology (EDU) has net assets worth $4.20 Billion USD as of November 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($8.29 Billion) and total liabilities ($4.09 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.20 Billion |
| % of Total Assets | 50.72% |
| Annual Growth Rate | 26.67% |
| 5-Year Change | -21.21% |
| 10-Year Change | 175.59% |
| Growth Volatility | 56.45 |
New Oriental Education & Technology - Net Assets Trend (2003–2025)
This chart illustrates how New Oriental Education & Technology's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for New Oriental Education & Technology (2003–2025)
The table below shows the annual net assets of New Oriental Education & Technology from 2003 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-05-31 | $3.95 Billion | -2.35% |
| 2024-05-31 | $4.05 Billion | +6.14% |
| 2023-05-31 | $3.81 Billion | +0.56% |
| 2022-05-31 | $3.79 Billion | -24.40% |
| 2021-05-31 | $5.02 Billion | +74.86% |
| 2020-05-31 | $2.87 Billion | +13.65% |
| 2019-05-31 | $2.53 Billion | +14.02% |
| 2018-05-31 | $2.21 Billion | +28.76% |
| 2017-05-31 | $1.72 Billion | +19.89% |
| 2016-05-31 | $1.43 Billion | +17.23% |
| 2015-05-31 | $1.22 Billion | +19.31% |
| 2014-05-31 | $1.03 Billion | +19.66% |
| 2013-05-31 | $857.25 Million | +24.17% |
| 2012-05-31 | $690.40 Million | +20.23% |
| 2011-05-31 | $574.22 Million | +34.30% |
| 2010-05-31 | $427.58 Million | +21.65% |
| 2009-05-31 | $351.48 Million | +17.61% |
| 2008-05-31 | $298.86 Million | +20.90% |
| 2007-05-31 | $247.19 Million | +262.09% |
| 2006-05-31 | $68.27 Million | +16.70% |
| 2005-05-31 | $58.50 Million | +116.26% |
| 2004-05-31 | $27.05 Million | +24.17% |
| 2003-05-31 | $21.78 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to New Oriental Education & Technology's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 177071600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (May 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.77 Billion | 48.36% |
| Common Stock | $1.70 Million | 0.05% |
| Other Comprehensive Income | $422.30 Million | 11.53% |
| Other Components | $1.47 Billion | 40.07% |
| Total Equity | $3.66 Billion | 100.00% |
New Oriental Education & Technology Competitors by Market Cap
The table below lists competitors of New Oriental Education & Technology ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wärtsilä Oyj Abp
PINK:WRTBF
|
$8.97 Billion |
|
Daiwa Securities Group Inc
PINK:DSECF
|
$8.97 Billion |
|
Booz Allen Hamilton Holding
NYSE:BAH
|
$8.97 Billion |
|
Gold Circuit Electronics Ltd
TW:2368
|
$8.99 Billion |
|
Generac Holdings Inc
NYSE:GNRC
|
$8.97 Billion |
|
The Hong Kong and China Gas Company Limited
F:HCG
|
$8.97 Billion |
|
Interpublic Group of Cos.
LSE:0JCK
|
$8.96 Billion |
|
Chaozhou Three-circle Group Co Ltd
SHE:300408
|
$8.96 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in New Oriental Education & Technology's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,775,934,000 to 3,661,873,000, a change of -114,061,000 (-3.0%).
- Net income of 372,440,000 contributed positively to equity growth.
- Dividend payments of 98,197,000 reduced retained earnings.
- Share repurchases of 445,495,000 reduced equity.
- Other comprehensive income increased equity by 32,330,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $372.44 Million | +10.17% |
| Dividends Paid | $98.20 Million | -2.68% |
| Share Repurchases | $445.50 Million | -12.17% |
| Other Comprehensive Income | $32.33 Million | +0.88% |
| Other Changes | $24.86 Million | +0.68% |
| Total Change | $- | -3.02% |
Book Value vs Market Value Analysis
This analysis compares New Oriental Education & Technology's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.40x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 249.26x to 2.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-05-31 | $0.22 | $54.30 | x |
| 2004-05-31 | $0.27 | $54.30 | x |
| 2005-05-31 | $0.56 | $54.30 | x |
| 2006-05-31 | $0.59 | $54.30 | x |
| 2007-05-31 | $1.74 | $54.30 | x |
| 2008-05-31 | $1.91 | $54.30 | x |
| 2009-05-31 | $2.29 | $54.30 | x |
| 2010-05-31 | $2.76 | $54.30 | x |
| 2011-05-31 | $3.67 | $54.30 | x |
| 2012-05-31 | $4.40 | $54.30 | x |
| 2013-05-31 | $5.43 | $54.30 | x |
| 2014-05-31 | $6.50 | $54.30 | x |
| 2015-05-31 | $7.76 | $54.30 | x |
| 2016-05-31 | $8.92 | $54.30 | x |
| 2017-05-31 | $10.64 | $54.30 | x |
| 2018-05-31 | $12.50 | $54.30 | x |
| 2019-05-31 | $14.84 | $54.30 | x |
| 2020-05-31 | $17.16 | $54.30 | x |
| 2021-05-31 | $29.74 | $54.30 | x |
| 2022-05-31 | $21.84 | $54.30 | x |
| 2023-05-31 | $21.38 | $54.30 | x |
| 2024-05-31 | $22.62 | $54.30 | x |
| 2025-05-31 | $22.61 | $54.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently New Oriental Education & Technology utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.17%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.60%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 2.13x
- Recent ROE (10.17%) is below the historical average (12.91%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 10.74% | 5.58% | 0.68x | 2.84x | $160.64K |
| 2004 | 23.40% | 11.86% | 0.67x | 2.96x | $3.62 Million |
| 2005 | 29.32% | 22.07% | 0.58x | 2.30x | $11.30 Million |
| 2006 | 9.47% | 6.26% | 0.71x | 2.14x | $-345.20K |
| 2007 | 12.00% | 21.72% | 0.43x | 1.28x | $4.94 Million |
| 2008 | 16.41% | 24.38% | 0.51x | 1.33x | $19.14 Million |
| 2009 | 17.37% | 20.86% | 0.62x | 1.34x | $25.89 Million |
| 2010 | 18.19% | 20.14% | 0.65x | 1.39x | $35.03 Million |
| 2011 | 17.72% | 18.24% | 0.65x | 1.50x | $44.35 Million |
| 2012 | 19.22% | 17.19% | 0.68x | 1.64x | $63.65 Million |
| 2013 | 15.90% | 14.20% | 0.71x | 1.58x | $50.54 Million |
| 2014 | 21.03% | 18.94% | 0.71x | 1.56x | $113.13 Million |
| 2015 | 15.64% | 15.31% | 0.64x | 1.60x | $68.87 Million |
| 2016 | 16.01% | 15.21% | 0.63x | 1.68x | $84.43 Million |
| 2017 | 16.33% | 15.25% | 0.62x | 1.74x | $106.36 Million |
| 2018 | 14.94% | 12.10% | 0.62x | 2.01x | $97.86 Million |
| 2019 | 10.08% | 7.69% | 0.67x | 1.97x | $2.00 Million |
| 2020 | 15.10% | 11.55% | 0.55x | 2.40x | $139.64 Million |
| 2021 | 6.81% | 7.82% | 0.42x | 2.07x | $-156.91 Million |
| 2022 | -32.05% | -38.25% | 0.51x | 1.63x | $-1.56 Billion |
| 2023 | 4.92% | 5.92% | 0.47x | 1.77x | $-183.09 Million |
| 2024 | 8.20% | 7.18% | 0.57x | 1.99x | $-68.00 Million |
| 2025 | 10.17% | 7.60% | 0.63x | 2.13x | $6.25 Million |
Industry Comparison
This section compares New Oriental Education & Technology's net assets metrics with peer companies in the Education & Training Services industry.
Industry Context
- Industry: Education & Training Services
- Average net assets among peers: $1,017,980,057
- Average return on equity (ROE) among peers: 21.74%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| New Oriental Education & Technology (EDU) | $4.20 Billion | 10.74% | 0.97x | $8.97 Billion |
| ATA Creativity Global (AACG) | $315.38 Million | 271.07% | 0.06x | $25.37 Million |
| Afya Ltd (AFYA) | $3.64 Billion | 10.60% | 1.08x | $112.89 Million |
| Alliance International Education Leasing Holdings Limited (ALCIF) | $1.20 Billion | 1.39% | 1.60x | $519.50 Million |
| Ambow Education Holding Ltd (AMBO) | $163.60 Million | -61.09% | 5.24x | $6.74 Million |
| American Public Education Inc (APEI) | $306.93 Million | 6.13% | 0.21x | $668.57 Million |
| Argentum 47 Inc (ARGQ) | $-2.44 Million | 0.00% | 0.00x | $45.77K |
| Asiarim Corporation (ARMC) | $-64.20K | 0.00% | 0.00x | $1.30K |
| Aspen Group Inc (ASPU) | $35.55 Million | -23.48% | 1.27x | $3.75 Million |
| Adtalem Global Education Inc (ATGE) | $1.40 Billion | 7.64% | 0.33x | $3.32 Billion |
| Bright Scholar Education Holdings Ltd Class A (BEDU) | $3.12 Billion | 5.15% | 2.46x | $57.66 Million |