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TAL Education Group TAL

NYSE · stock · Services-Educational Services · website · IPO 2010-10-20 · LEI

TAL Education Group statistics & valuation

P / E9.3×
P / S1.6×
P / B1.3×
P / FCF9.7×
Net margin17.6%
FCF margin16.9%
Return on capital6.6%
Graham number +193.1%$34.79

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($34.79); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
11.20% 11.60% 14.30% -3.40% -2.60% -25.90% -13.30% -0.20% 3.80% 17.60% 2017201820192020202120222023202420252026
Gross margin (%)
49.90% 48.60% 54.60% 55.10% 54.40% 49.80% 57.20% 54.10% 53.30% 55.40% 2017201820192020202120222023202420252026
Operating margin (%)
12.90% 12.20% 13.30% 4.20% -9.70% -14.00% -8.90% -4.60% -0.10% 9.20% 2017201820192020202120222023202420252026
Return on equity (%)
17.20% 12.10% 14.50% -4.30% -2.20% -28.20% -3.50% -0.10% 2.20% 14.10% 2017201820192020202120222023202420252026
Shares outstanding
188.5M 194.3M 200.2M 198.2M 203.6M 214.8M 212.6M 203.3M 205.2M 192.9M 2017201820192020202120222023202420252026
Net debt ($)
-$245.2M -$486.5M -$1.25B -$1.61B 2017201820192020202120222023202420252026
Share buybacks ($)
2017201820192020202120222023202420252026
Return on assets (%)
6.40% 6.50% 9.80% -2.00% -1.00% -22.40% -2.90% -0.10% 1.50% 8.90% 2017201820192020202120222023202420252026
Free cash flow margin (%)
29.50% 32.60% 2.20% 20.70% 15.80% -27.00% -10.10% 13.00% 12.70% 16.90% 2017201820192020202120222023202420252026
Debt / equity (×)
0.33× 0.14× 0.00× 0.10× 2017201820192020202120222023202420252026
EPS ($)
$0.66 $1.03 $1.83 -$0.56 -$0.57 -$5.29 -$0.64 -$0.02 $0.41 $2.75 2017201820192020202120222023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

TAL Education Group trades at about 4.3× earnings — below its 10-year norm (10-year range 4.1×–36×, median 13.8×).

4.1× 36×

Shaded band = 10-year range (4.1×–36×); dot = today's 4.3×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Gross margin55.4%53.3%54.1%57.2%49.8%54.4%55.1%54.6%48.6%49.9%
Operating margin9.2%-0.1%-4.6%-8.9%-14.0%-9.7%4.2%13.3%12.2%12.9%
Net margin17.6%3.8%-0.2%-13.3%-25.9%-2.6%-3.4%14.3%11.6%11.2%
FCF margin16.9%12.7%13.0%-10.1%-27.0%15.8%20.7%2.2%32.6%29.5%
Return on assets8.9%1.5%-0.1%-2.9%-22.4%-1.0%-2.0%9.8%6.5%6.4%
Return on equity14.1%2.2%-0.1%-3.5%-28.2%-2.2%-4.3%14.5%12.1%17.2%
Debt / equity0.10×0.00×0.14×0.33×
Current ratio2.172.863.424.424.022.421.381.471.471.31

Computed from company filings · US · as of 2026-02-28. Facts plus Stocktoria's own computed scores — not investment advice.