National Company for Learning and Education SJSC (4291) fair value: what the stock is really worth
We calculate from audited financials what National Company for Learning and Education SJSC is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range 46.91 SAR – 233.08 SAR · fair‑value band 64.74 SAR – 142.64 SAR · the 139.50 SAR price screens above the 114.10 SAR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.
National Company for Learning and Education, together with its subsidiaries, owns, establishes, manages, and operates kindergarten, primary, middle, and secondary schools in the Kingdom of Saudi Arabia.
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National Company for Learning and Education, together with its subsidiaries, owns, establishes, manages, and operates kindergarten, primary, middle, and secondary schools in the Kingdom of Saudi Arabia. The company operates 4 educational complexes using the Saudi national curriculum, as well as American international curriculum under the Tarbya Namouthajiya Schools brand. It also invests in sports, entertainment, and sports clubs for school students. The company was formerly known as Tarniyah Namouthajiyah Schools Company and changed its name to National Company for Learning and Education in 2004. The company was founded in 1958 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.
Stock analysis
National Company for Learning and Education SJSC (4291) currently trades at 139.50 SAR, while our model-based Fair Value estimate is 114.10 SAR, implying the stock looks roughly 22.3% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 91.27 SAR per share, and 1 of the 26 models we run sit above the 139.50 SAR price.
Bear case: the Asset-Based group reads lowest at 13.43 SAR, and 25 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 64.74 SAR (bear) to 142.64 SAR (bull), the price of 139.50 SAR sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 57/100 (solid quality), in the Consumer Defensive sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
National Company for Learning and Education SJSC reported revenue of 658M SAR in FY2025 versus 176M SAR in FY2021, a compound +39.0%/yr. Reported net income was 161M SAR in FY2025, compounding +60.1%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 6.0B SAR (≈ $1.6B) · P/E ratio 28.8 · P/S ratio 7.03 · EPS (TTM) 4.85 SAR · Dividend yield 1.8% · Net margin 24.4% · Return on equity 19.4% · Return on assets (EBIT) 9.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 22% below its 52-week high and 32% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 11% fair-value upside, at −18%, 4291 screens richer than that median.
Fair Value models
Bear 64.74 SARFair Value 114.10 SARBull 142.64 SAR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (2.35 SAR per share) are deliberately not added.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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+6.5%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+28.7%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+24.7%
Revenue growth 11 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+13.5%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+33.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+31.4%
Dividend (yield on the price)1.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.24% vs 6%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.30% → 28%
2025 sits 58% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+44.7%
Yearly growth needed for the next five years to justify today's price.
Compare National Company for Learning and Education SJSC with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Education & Training Services · 138 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside−60% · Bottom 25%
Profitability
Return on equity (TTM)19% · Top 25%
Return on assets8% · Top 25%
Net margin (TTM)24% · Top 25%
Operating margin (TTM)35% · Top 25%
Growth and dividend
Revenue growth15% · Top 25%
Dividend yield (TTM)1.8% · Below median
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Education & Training Services median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "National Company for Learning and Education SJSC Fair Value". https://www.fairvalue-calculator.com/stock/4291
Frequently asked questions
Is National Company for Learning and Education SJSC (4291) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 114.10 SAR versus a price of 139.50 SAR, about −18% upside (overvalued).
What is the fair value of 4291?
Our model-based fair value for National Company for Learning and Education SJSC is 114.10 SAR (as of Sep 13, 2026), built from audited fundamentals. The current price: 139.50 SAR.
What is the quality score of 4291?
National Company for Learning and Education SJSC has a Quality Score of 57/100. 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 price target for National Company for Learning and Education SJSC (4291)?
Our model-based price target is the fair value of 114.10 SAR (as of Sep 13, 2026) from 26 valuation models. Cautious scenario 64.74 SAR, optimistic scenario 142.64 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the National Company for Learning and Education SJSC stock forecast for 2026?
Our models put fair value at 114.10 SAR, about −18% upside versus a price of 139.50 SAR (overvalued). Cautious scenario 64.74 SAR, optimistic scenario 142.64 SAR. The calculation is refreshed regularly with new filings.
What is the revenue of National Company for Learning and Education SJSC (4291)?
National Company for Learning and Education SJSC reported trailing-twelve-month revenue of about 736M SAR (latest available figure, as of Sep 13, 2026).
Does National Company for Learning and Education SJSC pay a dividend?
National Company for Learning and Education SJSC currently shows a dividend yield of about 1.79% relative to its recent price (as of Sep 13, 2026).
What growth is priced into National Company for Learning and Education SJSC (4291)?
For today's price to be fair in a discounted-cash-flow model, National Company for Learning and Education SJSC would have to grow free cash flow by +44.7 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +24.7 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of 4291 use?
Our models discount National Company for Learning and Education SJSC at 11.8 %: a base by market capitalisation (small), country premium for Saudi Arabia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For National Company for Learning and Education SJSC that is +44.7 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has National Company for Learning and Education SJSC (4291) delivered so far?
Over the past 5 years revenue at National Company for Learning and Education SJSC grew +24.7 % a year. The price currently implies +44.7 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of National Company for Learning and Education SJSC (4291) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into National Company for Learning and Education SJSC (+44.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of National Company for Learning and Education SJSC (4291)?
The free-cash-flow yield on the price is 1.15 %: that much free cash flow National Company for Learning and Education SJSC produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of National Company for Learning and Education SJSC (4291)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For National Company for Learning and Education SJSC it is 114.10 SAR per share (as of Sep 13, 2026), against a price of 139.50 SAR. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is National Company for Learning and Education SJSC stock overvalued or undervalued in 2026?
As of Sep 13, 2026, 4291 trades above its calculated fair value: price 139.50 SAR, fair value 114.10 SAR, a gap of about −18% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 4291?
No. The price is what the market pays today (139.50 SAR); the fair value is what the company's own numbers justify (114.10 SAR). For National Company for Learning and Education SJSC the two are 25.40 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is National Company for Learning and Education SJSC worth?
The market values National Company for Learning and Education SJSC at about 6.0B SAR (market capitalisation, as of Sep 13, 2026). Per share that is 139.50 SAR; our models calculate a fair value of 114.10 SAR per share.
What do the bullish and bearish scenarios say about 4291?
Our models span a range for National Company for Learning and Education SJSC: cautious scenario 64.74 SAR, base 114.10 SAR, optimistic 142.64 SAR per share (as of Sep 13, 2026, price 139.50 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 4291?
National Company for Learning and Education SJSC trades at a price-to-earnings ratio of 28.8 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 114.10 SAR is built from several models across several years. Other multiples: P/B 1.7, P/S 2.0, EV/EBITDA 6.9.
How solid is the balance sheet of National Company for Learning and Education SJSC (4291)?
Balance-sheet figures for National Company for Learning and Education SJSC (as of Sep 13, 2026): return on equity 19.4%, debt of 0.03 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is 4291 from its 52-week high?
National Company for Learning and Education SJSC trades at 139.50 SAR, about 22% below its 52-week high of 179.70 SAR and 32% above the low of 105.80 SAR (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 114.10 SAR is for.
Which stocks are comparable to National Company for Learning and Education SJSC?
From the same area (Consumer Defensive) we also value New Oriental Education & Technology Group, TAL Education Group, Laureate Education, Inc, Physicswallah Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is National Company for Learning and Education SJSC stock attractive at the current price?
The data as of Sep 13, 2026: price 139.50 SAR, calculated fair value 114.10 SAR (−18%), Quality Score 57/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 4291 calculated?
We run National Company for Learning and Education SJSC through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 114.10 SAR, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.8 % above its aggregate fair value. National Company for Learning and Education SJSC itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What should I pay attention to with National Company for Learning and Education SJSC right now?
Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (64.74 SAR to 142.64 SAR) leaves room in how you read the outcome.
Where does the earnings growth of National Company for Learning and Education SJSC (4291) come from?
Earnings per share at National Company for Learning and Education SJSC grew +3.9 % a year from 2014 to 2024. Broken into its drivers: revenue per share +6.9 %, EBIT margin −1.3 %, tax rate −0.1 %, residual (interest, one-offs) −1.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of National Company for Learning and Education SJSC
How large is the market capitalisation of National Company for Learning and Education SJSC (4291)?
The market capitalisation of National Company for Learning and Education SJSC is 6.0B SAR (≈ $1.6B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of National Company for Learning and Education SJSC (4291)?
The price-to-sales ratio of National Company for Learning and Education SJSC is 7.03 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of National Company for Learning and Education SJSC (4291)?
Earnings per share at National Company for Learning and Education SJSC are 4.85 SAR (price ÷ EPS = P/E 28.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of National Company for Learning and Education SJSC (4291)?
The dividend yield of National Company for Learning and Education SJSC is 1.8% (payout 51.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of National Company for Learning and Education SJSC (4291)?
The net margin of National Company for Learning and Education SJSC is 24.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of National Company for Learning and Education SJSC (4291)?
The return on equity (ROE) of National Company for Learning and Education SJSC is 19.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of National Company for Learning and Education SJSC (4291)?
On an EBIT basis the return on assets of National Company for Learning and Education SJSC is 9.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of National Company for Learning and Education SJSC (4291)?
The operating margin of National Company for Learning and Education SJSC is 35.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at National Company for Learning and Education SJSC (4291)?
Revenue at National Company for Learning and Education SJSC is growing +14.8% versus a year earlier (3y avg +28.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at National Company for Learning and Education SJSC (4291)?
Earnings per share at National Company for Learning and Education SJSC are growing +18.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does National Company for Learning and Education SJSC (4291) carry?
The net debt of National Company for Learning and Education SJSC is 740M SAR (fiscal year 2025, ≈ 10.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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