New Oriental Education & Technology (EDU)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $9.2B, New Oriental Education & Technology's free cash flow of $780M (fiscal 2026) would need to grow about -2% a year for the stock to be worth today's price. That is slower than the company has grown its free cash flow over the last 9 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from New Oriental Education & Technology's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from EDU's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from New Oriental Education & Technology's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $3.1B | $3.0B | $4.3B | $4.9B | $5.7B |
| Net income | -$1.2B | $177M | $310M | $372M | $475M |
| Free cash flow | -$1.4B | $828M | $873M | $655M | $780M |
| EPS (diluted) | — | — | — | — | — |
| Operating margin | -31.6% | 6.3% | 8.1% | 8.7% | 11.4% |
Where the revenue comes from
Revenue by segments, fiscal 2026.
Superinvestors who own EDU
From each investor's latest 13F filing (what a 13F shows). 2 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Mason Hawkins Southeastern Asset Management |
Trimmed | $19M | 0.99% | Q2 2026 |
| Cliff Asness AQR Capital Management |
New position | $587,704 | 0.0% | Q2 2026 |
Insider buying
Open-market purchases by New Oriental Education & Technology's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
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In the full deep dive
Questions
What growth does New Oriental Education & Technology's stock price imply?
At a market value of $9.2B, New Oriental Education & Technology would need its free cash flow to grow about -2% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew 5% a year.
Are New Oriental Education & Technology insiders buying the stock?
No open-market insider purchases of EDU in the last 12 months, according to SEC Form 4 filings.
Which superinvestors own New Oriental Education & Technology?
2 of the superinvestors Investingly tracks hold EDU in their latest 13F, including Mason Hawkins, Cliff Asness.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.