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Sunlands Technology Group (STG) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of Sunlands Technology Group $4.21, price $2.91, upside +44.7%, quality 81 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? Yes
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Consumer Defensive · US · ISIN US86740P2074

ST Sunlands Technology Group logo Some data Sep 23, 2026

Sunlands Technology Group

STG · US

Undervalued, solidFair Value upside is positive and quality is strong.

✓Fair value $4.21 · Undervalued (+45%)
✓Quality 81/100
!Weak Growth (revenue 5y −1.7 %/yr)
✓Solidly profitable · 18.6% net margin (TTM)
✓Low debt · generates free cash flow
✓Ranks above peers (9/10)
✓Wide moat 85/100
!Evidence only medium, so the estimate is less certain
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$14.90 $2.16 Fair Value $4.21 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.

How to read this chart

60‑month range $2.16 – $14.90 · fair‑value band $2.80 – $6.13 · the $2.91 price screens below the $4.21 fair value. Dashed = 300-day average. As of Sep 23, 2026.

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Company profile

Sunlands Technology Group provides adult online education services and adult personal interest learning courses through online and mobile platforms in the People's Republic of China.

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Sunlands Technology Group provides adult online education services and adult personal interest learning courses through online and mobile platforms in the People's Republic of China. It offers adult online education and adult personal interest learning education through courses and educational content offerings, including interest, professional skills and professional certification preparation courses, and degree- or diploma-oriented post-secondary courses. The company also provides professional assistance and counseling services to help students make decisions that suit their learning needs and to formulate study plans throughout their enrollment in courses and exam preparation courses for exam-taking students. In addition, the company offers professional skills and interest courses, such as wealth management, voice acting, Chinese painting, and calligraphy; degree- or diploma-oriented post-secondary courses that consist of preparation courses for a state-administered exam for learners pursuing associate diplomas or bachelor's degrees, and other degree- or diploma-oriented post-secondary entrance exams, covering majors such as administrative management, Chinese language and literature, business management, law, public administration, computer information management, pre-school education, marketing, and English. Further, it provides professional certification preparation courses covering various industries and professions, such as accounting, human resources, and teaching, as well as technical and consultation services. The company was formerly known as Sunlands Online Education Group and changed its name to Sunlands Technology Group in August 2018. Sunlands Technology Group was founded in 2003 and is headquartered in Beijing, the People's Republic of China.

Stock analysis

Sunlands Technology Group (STG) currently trades at $2.91, while our model-based Fair Value estimate is $4.21, implying the stock looks roughly 30.9% undervalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of $7.76 per share, and 17 of the 24 models we run sit above the $2.91 price.

Bear case: the Asset-Based group reads lowest at $0.6819, and 7 of the 24 models stay below the price. Evidence for this calculation is medium.

Scenario range: $2.80 (bear) to $6.13 (bull), the price of $2.91 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 81/100 (high quality), in the Consumer Defensive sector.

Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.

Sunlands Technology Group reported revenue of $2.0B in FY2025 versus $2.5B in FY2021, a compound −5.3%/yr. Reported net income was $366M in FY2025, compounding +13.7%/yr from FY2021.

Key figures

Market cap $60.5M · P/E ratio 1.1 · P/S ratio 0.20 · EPS (TTM) $4.04 · Net margin 18.1% · Return on equity 44.1% · Return on assets (EBIT) 18.9% · Operating margin 22.0%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).

What moves the price

The share trades about 66% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Consumer Defensive peers we cover trades at 14% fair-value upside, at 45%, STG screens cheaper than that median.

Fair Value models

Bear $2.80 Fair Value $4.21 Bull $6.13
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 9 months old). Earnings retained since then ($2.97 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.
Highest evidence
FCF DCF $1.92 $2.45 $3.12 82
Growth DCF $1.92 $2.37 $2.91 80
Owner Earnings $4.18 $5.64 $7.49 77
All 24 models by family
DCF Models
FCF DCF $1.92 $2.45 $3.12 82
Owner Earnings $4.18 $5.64 $7.49 77
5Y Revenue Exit $2.16 $3.10 $4.29 73
5Y EBITDA Exit $3.47 $5.57 $8.04 75
5Y P/E Exit $4.43 $7.37 $10.51 70
10Y Revenue Exit $1.99 $2.74 $3.74 67
10Y EBITDA Exit $2.75 $4.21 $6.21 68
10Y P/E Exit $3.27 $5.29 $7.83 63
Earnings-Based
Graham-Dodd $2.67 $8.75 $11.69 64
Lynch FV $1.96 $2.80 $3.64 61
PEG = 1.0 $1.96 $2.80 $3.64 57
EPV $3.58 $3.94 $4.22 74
Multiples
P/E Multiple $6.49 $8.65 $10.82 63
P/S Multiple $1.96 $2.61 $3.26 58
P/B Multiple $3.05 $4.07 $5.09 55
EV/EBIT $7.08 $9.23 $11.38 66
EV/EBITDA $5.20 $6.72 $8.24 67
EV/Revenue $2.45 $3.23 $4.01 54
Asset-Based
NCAV (Graham) $0.5088 $0.6819 $1.02 54
Growth DCF
Growth DCF $1.92 $2.37 $2.91 80
Rev-Margin DCF $2.16 $3.09 $4.18 73
Economic Profit
Residual Income $2.18 $3.17 $23.67 64
ROIC Compounder $3.65 $4.10 $4.50 72
Growth Earnings
Growth-Adj P/E $5.43 $7.76 $10.09 67

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Quality Score breakdown

Overall quality 81/100

Of which business quality 74 · Market factors (momentum, volatility) 7

Profitability 90
Margins and returns on capital today
Quality Growth 64
Are margins and returns improving?
Cashflow 44
Earnings quality: real cash, not paper profit
Fin. Strength 72
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 15
Calm price path (market factor)
Momentum 5
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 91
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 40/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
+1.5%
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.
−4.6%
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.
−1.7%
Start year 2020 (pandemic). Over 10 years: +28.9% a year
Revenue growth 10 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.
+28.9%
What shareholders gained per year (last 5 years) ⓘ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. Basis: adjusted.
+12.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+12.8%
Dividend (yield on the price)0.0%
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% → 22%

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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 · 142 stocks

Beats the industry median on 8/9 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 81 · Top 25%
Fair Value upside +45% · Above median
Profitability
Return on equity (TTM) 44% · Top 25%
Return on assets 14% · Top 25%
Net margin (TTM) 19% · Top 25%
Operating margin (TTM) 22% · Top 25%
Growth and dividend
Revenue growth −10% · Bottom 25%

Valuation Multiplesvs Education & Training Services median · lower = cheaper

P/E (TTM) 1.1× · Cheapest 25%
P/FCF 0.4× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)93 · sector 47
FUTURE (revenue growth)0 · sector 27
PAST (return on equity)100 · sector 29
HEALTH (low debt)100 · sector 95
DIVIDEND (yield)0 · sector 61

Context: sector, industry, market

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

Similar stocks

10 more Education & Training Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
New Oriental Education & Technology Group EDU $56.08 $63.95 +14%
TAL Education Group TAL $11.87 $33.07 +179%
Laureate Education, Inc LAUR $36.13 $39.95 +11%
Grand Canyon Education, Inc LOPE $146.78 $161.46 +10%
Physicswallah Limited PWL ₹136.11 ₹32.25 −76%
Covista Inc CVSA $123.00 $135.45 +10%
Stride, Inc LRN $78.69 $140.28 +78%
Universal Technical Institute, Inc UTI $20.41 $21.53 +5%
Perdoceo Education Corporation PRDO $31.23 $41.28 +32%
Strategic Education, Inc STRA $76.47 $105.48 +38%

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Cite: Fair Value Calculator (2026). "Sunlands Technology Group Fair Value". https://www.fairvalue-calculator.com/stock/STG

Frequently asked questions

Is Sunlands Technology Group (STG) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $4.21 versus a price of $2.91, about +45% upside (undervalued).
What is the fair value of STG?
Our model-based fair value for Sunlands Technology Group is $4.21 (as of Sep 23, 2026), built from audited fundamentals. The current price: $2.91.
What is the quality score of STG?
Sunlands Technology Group has a Quality Score of 81/100. 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 Sunlands Technology Group (STG)?
Our model-based price target is the fair value of $4.21 (as of Sep 23, 2026) from 24 valuation models. Cautious scenario $2.80, optimistic scenario $6.13. It is a calculation from audited fundamentals, not an analyst target.
What is the Sunlands Technology Group stock forecast for 2026?
Our models put fair value at $4.21, about +45% upside versus a price of $2.91 (undervalued). Cautious scenario $2.80, optimistic scenario $6.13. The calculation is refreshed regularly with new filings.
What is the revenue of Sunlands Technology Group (STG)?
Sunlands Technology Group reported trailing-twelve-month revenue of about $2.0B (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of Sunlands Technology Group (STG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sunlands Technology Group it is $4.21 per share (as of Sep 23, 2026), against a price of $2.91. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Sunlands Technology Group stock overvalued or undervalued in 2026?
As of Sep 23, 2026, STG trades below its calculated fair value: price $2.91, fair value $4.21, a gap of about +45% (undervalued). 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 STG?
No. The price is what the market pays today ($2.91); the fair value is what the company's own numbers justify ($4.21). For Sunlands Technology Group the two are $1.30 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sunlands Technology Group worth?
The market values Sunlands Technology Group at about $60.5M (market capitalisation, as of Sep 23, 2026). Per share that is $2.91; our models calculate a fair value of $4.21 per share.
What do the bullish and bearish scenarios say about STG?
Our models span a range for Sunlands Technology Group: cautious scenario $2.80, base $4.21, optimistic $6.13 per share (as of Sep 23, 2026, price $2.91). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of STG?
Sunlands Technology Group trades at a price-to-earnings ratio of 1.1 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $4.21 is built from several models across several years.
How solid is the balance sheet of Sunlands Technology Group (STG)?
Balance-sheet figures for Sunlands Technology Group (as of Sep 23, 2026): return on equity 44.1%. They feed the Quality Score of 81/100, which measures business quality independently of the share price.
How far is STG from its 52-week high?
Sunlands Technology Group trades at $2.91, about 66% below its 52-week high of $8.50 and 13% above the low of $2.58 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $4.21 is for.
Which stocks are comparable to Sunlands Technology Group?
From the same area (Consumer Defensive) we also value New Oriental Education & Technology Group, TAL Education Group, Laureate Education, Inc, Grand Canyon Education, Inc, 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 Sunlands Technology Group stock attractive at the current price?
The data as of Sep 23, 2026: price $2.91, calculated fair value $4.21 (+45%), Quality Score 81/100, from 24 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 STG calculated?
We run Sunlands Technology Group through 24 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 $4.21, 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 13.0 % above its aggregate fair value. Sunlands Technology Group currently trades 45 % below its own fair value, and the market average says nothing about that. 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 is the share price of Sunlands Technology Group (STG)?
The closing price on Sep 23, 2026 was $2.91. Our model-based fair value is $4.21, about +45% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sunlands Technology Group right now?
The rarer combination: high quality (81/100) AND below fair value. That earns a closer look rather than a quick verdict. A fairly wide model range ($2.80 to $6.13) leaves room in how you read the outcome.

Key figures of Sunlands Technology Group

How large is the market capitalisation of Sunlands Technology Group (STG)?
The market capitalisation of Sunlands Technology Group is $60.5M. 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 Sunlands Technology Group (STG)?
The price-to-sales ratio of Sunlands Technology Group is 0.20 (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 Sunlands Technology Group (STG)?
Earnings per share at Sunlands Technology Group are $4.04 (price ÷ EPS = P/E 1.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Sunlands Technology Group (STG)?
The net margin of Sunlands Technology Group is 18.1% (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 Sunlands Technology Group (STG)?
The return on equity (ROE) of Sunlands Technology Group is 44.1% (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 Sunlands Technology Group (STG)?
On an EBIT basis the return on assets of Sunlands Technology Group is 18.9% (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 Sunlands Technology Group (STG)?
The operating margin of Sunlands Technology Group is 22.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sunlands Technology Group (STG)?
Revenue at Sunlands Technology Group is growing −9.6% versus a year earlier (3y avg −4.6%). 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 Sunlands Technology Group (STG)?
Earnings per share at Sunlands Technology Group are growing +3.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Sunlands Technology Group (STG) generate?
The free cash flow of Sunlands Technology Group is $143M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Sunlands Technology Group (STG) hold?
Sunlands Technology Group holds more cash than debt, $438M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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