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New Oriental Education & Technology Group Inc (2997) Fair Value & Analysis

Consumer Discretionary · HK · Market cap HK$34.7B

NO New Oriental Education & Technology Group Inc 2997 · HK
PriceHK$0.1010
Fair ValueHK$0.1466
Upside+45.2%
Quality21/100
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Mixed Growth
Thin margins · 0.0% net margin
High debt
Mixed vs. peers (4/10)
Narrow moat 2/100
Evidence: Medium Range HK$0.0809 – HK$0.3439 Share as image

Fair value as of: Aug 13, 2026

From 22 valuation models · updated 3 days ago

Fair value updated Aug 13, 2026, revised from HK$0.1865 to HK$0.1466 (−21.4%) since Aug 5, 2026. Share price −8.2% over the past month.

Below-average quality, screening 45% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (21/100). That raises the risk this is a value trap rather than a bargain.
  • The model range is unusually wide (HK$0.0809 to HK$0.3439). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (5 years)

HK$20.80 HK$0.0680 Fair Value HK$0.1466 Jul 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range HK$0.0680 – HK$20.80 · fair‑value band HK$0.0809 – HK$0.3439 · the HK$0.1010 price screens below the HK$0.1466 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

New Oriental Education & Technology Group Inc (2997) currently trades at HK$0.1010, while our model-based Fair Value estimate is HK$0.1466, implying the stock looks roughly 45.2% undervalued today. The Quality Score stands at 21/100 (below-average quality), in the Consumer Discretionary sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Trailing-twelve-month revenue stands at HK$20.0M. Revenue grew 59.1% year over year. It earns a return on equity of -39.1%. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.0809 (bear case) to HK$0.3439 (bull case); at HK$0.1010, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 77% below its 52-week high and 58% above its 52-week low. For context, the median of 6 Consumer Discretionary peers we cover trades at -13% fair-value upside, at 45%, 2997 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income HK$0.2200 HK$0.3100 HK$2.78 76
ROIC Compounder HK$0.6200 HK$1.11 HK$1.42 72
Gordon GGM HK$0.0500 HK$0.1100 HK$0.1700 70
All 22 models by family
DCF Models
5Y Revenue Exit HK$0.0800 HK$0.3700 HK$1.00 39
5Y EBITDA Exit HK$0.2600 HK$0.7500 HK$1.71 41
5Y P/E Exit HK$0.1600 HK$0.7400 HK$1.55 38
10Y Revenue Exit HK$0.4100 HK$0.7400 36
10Y EBITDA Exit HK$0.1400 HK$0.8100 HK$2.07 37
10Y P/E Exit HK$0.0600 HK$0.5800 HK$1.50 35
Earnings-Based
Graham-Dodd HK$0.2000 HK$1.40 HK$1.97 54
Lynch FV HK$0.7200 HK$1.04 HK$1.35 50
PEG = 1.0 HK$0.7200 HK$1.04 HK$1.35 46
EPV HK$0.3900 HK$0.4900 HK$0.5800 59
Dividend Discount
Gordon GGM HK$0.0500 HK$0.1100 HK$0.1700 70
DDM Multi-Stage HK$0.0500 HK$0.0900 HK$0.1100 61
Multiples
P/E Multiple HK$0.4900 HK$0.6500 HK$0.8100 63
P/S Multiple HK$0.3800 HK$0.5000 HK$0.6300 58
P/B Multiple HK$0.3100 HK$0.4200 HK$0.5200 55
EV/EBIT HK$0.7300 HK$1.05 HK$1.36 53
EV/EBITDA HK$0.4200 HK$0.6300 HK$0.8400 54
EV/Revenue HK$0.1500 HK$0.3000 HK$0.4500 43
Asset-Based
NCAV (Graham) HK$0.0500 HK$0.0700 HK$0.1000 50
Economic Profit
Residual Income HK$0.2200 HK$0.3100 HK$2.78 76
ROIC Compounder HK$0.6200 HK$1.11 HK$1.42 72
Growth Earnings
Growth-Adj P/E HK$0.9600 HK$1.37 HK$1.79 68

Widest divergence: Growth Earnings (HK$1.37) versus Asset-Based (HK$0.0700). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) HK$20.0M
Revenue growth (YoY) +59.1%
Return on equity -39.1%
Operating margin -162%
EPS (TTM) HK$2.33
EPS growth (YoY) +3.1%

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 21/100

Of which business quality 26 · Market factors (momentum, volatility) 40

Profitability 36
Margins and returns on capital today
Quality Growth 26
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 1
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 48
Distance to the 52-week high (market factor)

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Zhong Jia Guo Xin Holdings Company Limited, an investment holding company, engages in the property development and investment business in the People's Republic of China. It is also involved in the production and sales of bottled mineral water; securities trading; mineral exploration and mining; and provision of management services.

Full company description

Zhong Jia Guo Xin Holdings Company Limited, an investment holding company, engages in the property development and investment business in the People's Republic of China. It is also involved in the production and sales of bottled mineral water; securities trading; mineral exploration and mining; and provision of management services. The company was formerly known as Asia Resources Holdings Limited and changed its name to Zhong Jia Guo Xin Holdings Company Limited in January 2024. The company was incorporated in 1997 and is based in Central, Hong Kong.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2016 – FY2020 · reported fiscal years

New Oriental Education & Technology Group Inc reported revenue of HK$146B in FY2020 versus HK$1.8B in FY2016, a compound +200.2%/yr. Reported net income was HK$10.2B in FY2020, compounding +146.8%/yr from FY2016.

Growth Quality 62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2020)
HK$146B
Latest YoY
+3,983.0%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+290.8%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+150.6%
Revenue +200.2%/yr
FY16 HK$1.8B
FY17 HK$2.4B
FY18 HK$3.1B
FY19 HK$3.6B
FY20 HK$146B
Net income +146.8%/yr
FY16 HK$274M
FY17 HK$296M
FY18 HK$238M
FY19 HK$413M
FY20 HK$10.2B

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Cite: Fair Value Calculator (2026). "New Oriental Education & Technology Group Inc Fair Value". https://www.fairvalue-calculator.com/stock/2997

Peer Group

Consumer Discretionary · 3605 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 21 · Bottom 25%
Fair Value upside +49% · Top 25%
Return on assets -1% · Bottom 25%
Net margin (TTM) 0% · Below median
Operating margin (TTM) -162% · Bottom 25%
Revenue growth 59% · Top 25%
Dividend yield (TTM) 5.5% · Top 25%
Debt / equity 2.05× · Higher than 75% of peers

Valuation Multiples vs Consumer Discretionary median · lower = cheaper

P/B 0.12× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 98 · sector 21
FUTURE 100 · sector 14
PAST 0 · sector 21
HEALTH 0 · sector 96
DIVIDEND 100 · sector 48

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

6 more Consumer Discretionary stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
ALWN ALWN €13.50 €11.72 -13%
BYLOT BYLOT €1.17 €0.3900 -67%
BBBY BBBY $4.23 $0.5600 -87%
MGI MGI 5.35 THB 15.02 THB +181%
AAAK AAAK €5.75 €0.8200 -86%
Iljeong Industrial Co 008500 624.00 KRW 591.87 KRW -5%

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Frequently asked questions

Is New Oriental Education & Technology Group Inc (2997) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.1466 versus a price of HK$0.1010, about +45% (undervalued).
What is the fair value of 2997?
Our model-based fair value for New Oriental Education & Technology Group Inc is HK$0.1466 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.1010.
What is the quality score of 2997?
New Oriental Education & Technology Group Inc has a Quality Score of 21/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of New Oriental Education & Technology Group Inc (2997)?
New Oriental Education & Technology Group Inc reported trailing-twelve-month revenue of about HK$20.0M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 2997?
The net profit margin of New Oriental Education & Technology Group Inc is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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