TAL Education Group
Financial ratios & Valuation

Forward Multiples (2026 – 2027)

2026202620272027
Price/Earnings ratio
41.0241.0225.5225.52
Price/Sales ratio
2.722.722.222.22
Earnings per Share (EPS)
$0.26$0.26$0.42$0.42

Historical Multiples (2015 – 2024)

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 TTM Median
Valuation Ratios
Price/Earnings ratio
49.209.9061.23109.5758.20-269.52-314.98-1.55-34.55-2.51K-19.17-269.52
Price/Sales ratio
7.611.646.7312.678.339.8710.840.414.396.023.039.87
Price/Book Value ratio
10.542.3310.9413.418.6012.859.360.451.162.451.0212.85
Price/Cash Flow ratio
22.395.4219.5431.72109.9737.7851.04-1.94609.3029.344.1037.78
Price/Free Cash Flow ratio
28.306.6724.3639.04-133.0548.4268.74-1.54-43.5448.595.52-133.05
Price/Earnings Growth ratio
6.390.194.282.620.732.02-12.59-0.000.3825.900.022.02
Dividend Yield
N/AN/AN/A0.18%N/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
53.20%51.02%49.92%48.55%54.56%55.13%54.43%49.82%57.21%54.08%60.77%54.56%
Operating Profit Margin
15.49%13.71%12.90%12.16%13.32%0.79%-7.35%-4.08%-8.89%-4.64%-3.53%0.79%
Pretax Profit Margin
17.79%22.08%14.81%14.40%17.83%-1.54%-4.99%-17.72%-10.75%1.17%-12.84%-1.54%
Net Profit Margin
15.47%16.59%11.00%11.57%14.32%-3.66%-3.44%-26.76%-12.72%-0.23%-15.81%-3.66%
Effective Tax Rate
12.12%24.45%23.39%18.07%16.73%-136.86%31.11%-51.01%-18.23%87.96%-23.76%-23.76%
Return on Assets
8.69%9.69%6.28%6.49%9.83%-2.15%-1.27%-23.12%-2.74%-0.07%-4.29%-2.15%
Return On Equity
21.43%23.54%17.87%12.24%14.78%-4.76%-2.97%-29.15%-3.37%-0.09%-5.23%-4.76%
Return on Capital Employed
12.45%12.54%11.60%10.85%13.38%0.69%-3.78%-4.28%-2.30%-1.80%-1.17%0.69%
Liquidity Ratios
Current Ratio
2.311.341.301.461.471.382.41N/AN/AN/A4.091.47
Quick Ratio
2.311.341.291.461.461.362.403.994.373.353.551.46
Cash ratio
2.021.130.700.621.051.030.961.812.572.042.171.05
Days of Sales Outstanding
0.820.7537.043.507.154.752.102.1216.0412.910.114.75
Days of Inventory outstanding
0.970.721.972.182.426.426.893.6132.6236.4421.742.42
Operating Cycle
1.801.4839.015.689.5811.178.995.7448.6649.3621.779.58
Days of Payables Outstanding
8.4512.5015.8123.8333.3829.2763.0314.8850.1867.9150.2833.38
Cash Conversion Cycle
-6.65-11.0223.19-18.14-23.79-18.09-54.03-9.14-1.51-18.55-44.80-18.09
Debt Ratios
Debt Ratio
0.290.210.240.070.050.040.21N/AN/AN/A0.200.05
Debt Equity Ratio
0.720.520.700.140.080.100.49N/AN/AN/A0.250.08
Long-term Debt to Capitalization
0.410.340.410.12N/A0.090.30N/AN/AN/A0.030.09
Total Debt to Capitalization
0.410.340.410.120.070.090.33N/AN/AN/A0.040.09
Interest Coverage Ratio
11.5710.349.6212.4016.08-1.39-19.51N/AN/AN/A-0.76-1.39
Cash Flow to Debt Ratio
0.650.820.792.900.903.260.37N/AN/AN/A5.980.90
Company Equity Multiplier
2.462.422.841.881.502.212.321.261.221.341.252.21
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.340.300.340.390.070.260.21-0.210.000.200.730.07
Free Cash Flow / Operating Cash Flow Ratio
0.790.810.800.81-0.820.780.741.26-13.990.600.74-0.82
Cash Flow Coverage Ratio
0.650.820.792.900.903.260.37N/AN/AN/A5.980.90
Short Term Coverage Ratio
N/AN/AN/AN/A0.90N/A3.53N/AN/AN/A23.100.90
Dividend Payout Ratio
N/AN/AN/A20.74%N/AN/AN/AN/AN/AN/AN/AN/A