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TAL Education Group
NYSE:TAL

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TAL Education Group
NYSE:TAL
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Price: 11.96 USD -3% Market Closed
Market Cap: $7.2B

EV/EBITDA

19.2
Current
22%
More Expensive
vs 3-y average of 15.7

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
19.2
=
Enterprise Value
$3B
/
EBITDA
$187.6m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
19.2
=
Enterprise Value
$3B
/
EBITDA
$187.6m

Valuation Scenarios

TAL Education Group is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (15.7), the stock would be worth $9.78 (18% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-99%
Maximum Upside
+50%
Average Downside
30%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 19.2 $11.96
0%
3-Year Average 15.7 $9.78
-18%
5-Year Average 0.1 $0.09
-99%
Industry Average 9.3 $5.8
-51%
Country Average 28.8 $17.91
+50%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
$3B
/
Dec 2025
$187.6m
=
19.2
Current
$3B
/
Mar 2026
$355.8m
=
8.3
Forward
$3B
/
Mar 2027
$490.2m
=
6
Forward
$3B
/
Mar 2028
$626.2m
=
4.7
Forward
$3B
/
Feb 2029
$552.5m
=
5.3
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close

Market Distribution

In line with most companies in China
Percentile
35th
Based on 5 409 companies
35th percentile
19.2
Low
0 — 16.3
Typical Range
16.3 — 53.1
High
53.1 —
Distribution Statistics
China
Min 0
30th Percentile 16.3
Median 28.8
70th Percentile 53.1
Max 49 021

TAL Education Group
Glance View

TAL Education Group, founded in 2003 and headquartered in Beijing, has experienced a dynamic journey from its humble beginnings to becoming one of the most recognized names in China’s education sector. Established by Zhang Bangxin, TAL initially emerged with the mission to provide supplementary education services to K-12 students. The company quickly capitalized on the heightened demand among Chinese families for additional academic support, driven by the significant pressure on students to excel in exams. TAL’s core offerings include small-class tutoring, personalized premium services, and online educational content, tailored to cater to the diverse needs of its student base. With a robust framework that combines innovative teaching methods and technology, TAL aimed to enhance student engagement and learning outcomes. The company's revenue model is primarily anchored in tuition fees collected from these various educational programs, supported by its extensive network of learning centers across China. Over the years, TAL has adeptly leveraged digital transformation trends by expanding its online platforms to reach a broader audience, a pivot that proved particularly prescient during times when physical attendance was restricted. As China's regulatory landscape continues to evolve, TAL has faced challenges that prompted strategic adjustments, such as diversifying its offerings and focusing on quality, innovation, and compliance. Through a blend of adaptive strategies and a keen understanding of the Chinese education market, TAL Education Group has maintained its relevance and continues to navigate the complexities of operating in a highly competitive and regulated environment.

TAL Intrinsic Value
9.97 USD
Overvaluation 17%
Intrinsic Value
Price $11.96
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