New Oriental Education & Technology (EDU) - Net Assets
Based on the latest financial reports, New Oriental Education & Technology (EDU) has net assets worth $4.32 Billion USD as of May 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($8.79 Billion) and total liabilities ($4.47 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. Check EDU PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.32 Billion |
| % of Total Assets | 49.19% |
| Annual Growth Rate | 25.86% |
| 5-Year Change | 13.99% |
| 10-Year Change | 151.4% |
| Growth Volatility | 55.44 |
New Oriental Education & Technology - Net Assets Trend (2003–2026)
This chart illustrates how New Oriental Education & Technology's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of New Oriental Education & Technology.
Annual Net Assets for New Oriental Education & Technology (2003–2026)
The table below shows the annual net assets of New Oriental Education & Technology from 2003 to 2026. Also explore EDU net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-05-31 | $4.32 Billion | +9.37% |
| 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 decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (May 2026)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $3.99 Billion | 100.00% |
| Total Equity | $3.99 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 |
|---|---|
|
Asymchem Laboratories Tian Jin Co Ltd
SHE:002821
|
$8.89 Billion |
|
ENN ENERGY HLD.UNS.ADR/25
F:XGH0
|
$8.90 Billion |
|
REC Limited
NSE:RECLTD
|
$8.90 Billion |
|
TURKIYE GARANTI BANKASI AS
F:GBKB
|
$8.90 Billion |
|
China Merchants Shekou Industrial Zone Holdings
SHE:001979
|
$8.88 Billion |
|
CSPC Innovation Pharmaceutical Co Ltd Class A
SHE:300765
|
$8.87 Billion |
|
Nova Ltd
TA:NVMI
|
$8.87 Billion |
|
Sofina Société Anonyme
BR:SOF
|
$8.86 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 2025 to 2026, total equity changed from 3,661,873,000 to 3,986,265,505, a change of 324,392,505 (8.9%).
- Net income of 476,868,028 contributed positively to equity growth.
- Other comprehensive income decreased equity by 422,302,000.
- Other factors increased equity by 269,826,477.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $476.87 Million | +11.96% |
| Other Comprehensive Income | $-422.30 Million | -10.59% |
| Other Changes | $269.83 Million | +6.77% |
| Total Change | $- | 8.86% |
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: 2.22x
- 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 256.24x to 2.22x 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 | $55.82 | x |
| 2004-05-31 | $0.27 | $55.82 | x |
| 2005-05-31 | $0.56 | $55.82 | x |
| 2006-05-31 | $0.59 | $55.82 | x |
| 2007-05-31 | $1.74 | $55.82 | x |
| 2008-05-31 | $1.91 | $55.82 | x |
| 2009-05-31 | $2.29 | $55.82 | x |
| 2010-05-31 | $2.76 | $55.82 | x |
| 2011-05-31 | $3.67 | $55.82 | x |
| 2012-05-31 | $4.40 | $55.82 | x |
| 2013-05-31 | $5.43 | $55.82 | x |
| 2014-05-31 | $6.50 | $55.82 | x |
| 2015-05-31 | $7.76 | $55.82 | x |
| 2016-05-31 | $8.92 | $55.82 | x |
| 2017-05-31 | $10.64 | $55.82 | x |
| 2018-05-31 | $12.50 | $55.82 | x |
| 2019-05-31 | $14.84 | $55.82 | x |
| 2020-05-31 | $17.16 | $55.82 | x |
| 2021-05-31 | $29.74 | $55.82 | x |
| 2022-05-31 | $21.84 | $55.82 | x |
| 2023-05-31 | $21.38 | $55.82 | x |
| 2024-05-31 | $22.62 | $55.82 | x |
| 2025-05-31 | $22.61 | $55.82 | x |
| 2026-05-31 | $25.17 | $55.82 | 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): 11.96%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.39%
- • Asset Turnover: 0.65x
- • Equity Multiplier: 2.21x
- Recent ROE (11.96%) is below the historical average (12.87%), 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 |
| 2026 | 11.96% | 8.39% | 0.65x | 2.21x | $78.24 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: $986,486,549
- Average return on equity (ROE) among peers: 132.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| New Oriental Education & Technology (EDU) | $4.32 Billion | 10.74% | 1.03x | $8.88 Billion |
| ATA Creativity Global (AACG) | $392.46 Million | -2.48% | 0.32x | $26.37 Million |
| Afya Ltd (AFYA) | $4.89 Billion | 15.09% | 0.91x | $723.38 Million |
| Ambow Education Holding Ltd (AMBO) | $397.72 Million | -228.00% | 3.91x | $6.45 Million |
| American Public Education Inc (APEI) | $294.78 Million | 10.71% | 0.84x | $815.09 Million |
| Adtalem Global Education Inc (ATGE) | $1.30 Million | 1669.23% | 85.46x | $3.40 Billion |
| Bright Scholar Education Holdings Ltd Class A (BEDU) | $3.12 Billion | 5.15% | 2.46x | $17.48 Million |
| Chegg Inc (CHGG) | $119.62 Million | -86.46% | 1.31x | $82.20 Million |
| China Liberal Education Holdings (CLEU) | $41.96 Million | -2.98% | 0.04x | $336.66K |
| 51Talk Online Education Group (COE) | $6.49 Million | -45.24% | 0.61x | $113.01 Million |
| Coursera Inc (COUR) | $597.42 Million | -13.31% | 0.56x | $1.50 Billion |
About 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