TAL

TAL Education Group

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10.880

+0.08(0.741%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

10.910

Open

10.770

VWAP

10.84

Vol

3.08M

Mkt Cap

6.62B

Low

10.720

Amount

33.41M

EV/EBITDA(TTM)

108.58

Total Shares

604.28M

3.10B

EV/OCF(TTM)

6.21

P/S(TTM)

2.74

TAL Education Group is a holding company engaged in provision of after-school tutoring programs for primary and secondary school students in the People's Republic of China (the PRC). The Company mainly offers tutoring services to kindergarten through twelfth grade (K-12) students covering core academic subjects, including among others, mathematics, physics, chemistry, biology, history, geography, political science, English and Chinese. It also provides consulting services for overseas studies and preparation courses for major standardized tests, as well as operate several online community platforms including www.jzb.com (together with the Jiazhang Bang application (app)) and www.mmbang.com (together with the Mama Bang app). The Company’s main brands are Xueersi, Mobby, Firstleap, Izhikang and Shunshun Liuxue. The Company mainly operates its businesses in Chinese market.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q2

FY2026Q3

FY2026Q4

819.03M

+32.24%

0.164

+36.66%

764.60M

+26.08%

0.083

+38.35%

778.53M

+27.58%

0.105

+948.6%

Estimates Revision

The market is revising Downward the revenue expectations for TAL Education Group (TAL) for FY2026, with the revenue forecasts being adjusted by -0.47% over the past three months. During the same period, the stock price has changed by 6.98%.

Revenue Estimates for FY2026

Revise Downward

-0.47%

In Past 3 Month

EPS Estimates for FY2026

Revise Upward

+0.83%

In Past 3 Month

Stock Price

Go Up

+6.98%

In Past 3 Month

4 Analyst Rating

Wall Street analysts forecast TAL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TAL is 12.31 USD with a low forecast of 11.54 USD and a high forecast of 13.20 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

2 Buy

2 Hold

0 Sell

Moderate Buy

Current: 10.880

Low

11.54

Averages

12.31

High

13.20

Current: 10.880

Low

11.54

Averages

12.31

High

13.20

Goldman Sachs

Timothy Zhao

Buy

downgrade

$14

2025-08-06

Reason

Goldman Sachs

Timothy Zhao

Price Target

$14

2025-08-06

downgrade

Buy

Reason

Goldman Sachs analyst Timothy Zhao lowered the firm's price target on TAL Education to $13.20 from $14 and keeps a Buy rating on the shares. The firm believes the growth outlook of China's education sector is undergoing structural changes due to reduced student populations resulting from declining birth rates and rising consumer discretionary attribute on a per child basis.

Citi

Alice Cai

Buy -> Neutral

downgrade

2025-06-27

Reason

Citi

Alice Cai

Price Target

2025-06-27

downgrade

Buy -> Neutral

Reason

Citi analyst Alice Cai downgraded TAL Education to Neutral from Buy with a price target of $11.54, down from $13.40. The firm sees a balanced risk/reward at current share levels. TAL's lack of guidance has created uncertainty, but its value is "firmly supported by its core operations and strong balance sheet," the analyst tells investors in a research note. The primary overhang remains the Content Solutions business, contends Citi. The firm believes the segment's persistent losses are projected to continue through fiscal 2027, "severely eroding overall profitability." The firm sees limited downside risk but also limited near-term upside in the shares.

Macquarie

Outperform -> Neutral

downgrade

2025-04-25

Reason

Macquarie

Price Target

2025-04-25

downgrade

Outperform -> Neutral

Reason

Macquarie last night downgraded TAL Education to Neutral from Outperform with a price target of $10.90, down from $14.50. The firm expects revenue growth moderation due to the high bases in both the company's Learning Service and Learning Content divisions. Learning Devices will continue to require high spending to build its sales channel, and the division will remain a drag on margins, the analyst tells investors in a research note. Macquarie cites the margin pressure for the downgrade.

JPMorgan

Overweight -> Neutral

downgrade

$16 -> $11

2025-04-24

Reason

JPMorgan

Price Target

$16 -> $11

2025-04-24

downgrade

Overweight -> Neutral

Reason

JPMorgan downgraded TAL Education to Neutral from Overweight with a price target of $11, down from $16.

JPMorgan

Overweight -> Neutral

downgrade

$16 -> $11

2025-04-24

Reason

JPMorgan

Price Target

$16 -> $11

2025-04-24

downgrade

Overweight -> Neutral

Reason

JPMorgan downgraded TAL Education to Neutral from Overweight with a price target of $11, down from $16, following the "disappointing" fiscal Q4 report. The stock in premarket trading is down 13% to $9.56. The firm cites its "inability to reasonably analyze" the company's underlying trends for the downgrade. TAL's lack of disclosure on operating performance indicators and "unusual" investor relations policy "render any modelling efforts a fool's errand," the analyst tells investors in a research note. JPMorgan says it lacks the competitive edge in forecasting forward trends, particularly concerning TAL's margin and earnings power. "This quarter has shaken our confidence, leaving us perplexed and frustrated," the firm writes.

BofA

Buy

downgrade

2025-04-24

Reason

BofA

Price Target

2025-04-24

downgrade

Buy

Reason

BofA lowered the firm's price target on TAL Education to $12.50 from $14.90 and keeps a Buy rating on the shares. The firm believes quarterly margin volatility is the result of rising contribution from learning device, but with higher seasonality. The firm lowered its FY26-FY27 adjusted earnings per share estimates on higher topline growth, but lower margins, adding that it cut its price target 16% accordingly.

See All Ratings

Valuation Metrics

The current forward P/E ratio for TAL Education Group (TAL.N) is 24.63, compared to its 5-year average forward P/E of 42.17. For a more detailed relative valuation and DCF analysis to assess TAL Education Group 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

42.17

Current PE

24.63

Overvalued PE

84.63

Undervalued PE

-0.29

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

73.25

Current EV/EBITDA

15.70

Overvalued EV/EBITDA

230.44

Undervalued EV/EBITDA

-83.94

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

3.67

Current PS

2.15

Overvalued PS

5.89

Undervalued PS

1.44