TAL Education Group
Rank #244HypergrowthTAL · NYSE · Consumer Defensive
TAL Education Group (TAL) — Rank #244 by gross profitability (GP/assets 0.28) · ROE 14.1% · Piotroski F-Score N/A.
As-of 2026-09-15 · CIK 0001499620 · all metrics point-in-time as of the filing date.
About
TAL Education Group provides smart learning solutions in the People's Republic of China.
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It offers learning services through Xueersi Peiyou small classes, personalized premium services, and online course offerings. The company also develops and provides learning content solutions for learners across print, digital and device-based formats, including print books, books integrated with digital learning experiences, learning devices, and mobile applications. In addition, it offers online education services, including live class and pre-recorded course content through www.xueersi.com. Further, the company engages in development and sale of software, network, and learning devices; investment management and consulting services.
TAL Education Group was founded in 2003 and is headquartered in Beijing, the People's Republic of China.
- Industry
- Education & Training Services
- Sector
- Consumer Defensive
- State
- E9
- Filer Category
- Large accelerated filer
- Website
- 100tal.com
Price History
Company Snapshot
P/S is the primary valuation lens — earnings are reinvested, not available for P/E.
Market Cap
$6.44B
P/E (annual)
4.2
P/S (annual)
2.1
P/B
1.7
P/OCF (annual)
10.7
Shareholder Yield
6.0%
Employees
26,100
Industry
Education & Training Services
Exchange
NYSE
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
2/3 passGrowth
2/2 passTerry Smith quality gate
Passes 2/5 Terry Smith thresholds1 of 5 threshold not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
-14.1%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Buyback tailwind: -6.0% — per-share value needs a total required return of -20.1% once share-count change is priced in.
vs. own 6-year median revenue growth: 35.5%
within its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
-17.1%
r = 10% (base)
-14.1%
r = 12%
-11.6%
Net debt / market cap: -181.7%
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.28
Primary signal (Novy-Marx).
7th of 8 SIC 8200 peers
Return on equity
14.1%
Gross margin
55.4%
4th of 8 SIC 8200 peers
Revenue growth (YoY)
33.7%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
43.4%
Revenue CAGR (5Y)
-7.7%
Earnings CAGR (3Y)
—
FCF CAGR (3Y)
—
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.57
2nd of 8 SIC 8200 peers (best = lowest)
Current ratio
2.17×
3rd of 8 SIC 8200 peers
Quick ratio
1.87×
Net cash
$4.07B
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$508.28M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
-0.04
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
1.4%
Stock-based comp intensity.
Piotroski F-Score
F-Score
N/A
Only 8/9 components determinable.