Sunlands Technology Group (STG)

Services-Educational Services

Latest Price

$2.44

TTM P/E

Normalized P/E

TTM Div Yield

Fwd Div Yield

Book Value

20.07

P/B Ratio

0.12

Valuation metrics

EPS: $54.28

Book value / share: $20.07

Formula: √(22.5 × EPS × BVPS)

Graham Number

$156.57

+6424% upside

Norm. op. income: $298M (median of 7yr)

Tax rate: 5%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$540.61

+22426% upside

Base FCF: $147M (median of recent 5yr)

Growth: 5%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$491.59

+20383% upside

EPS: $54.28

Target P/E: 15×

Formula: EPS × P/E

P/E Fair Value

$814.20

+33825% upside

25.7% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
Primavera Capital Management Ltd	1.65M	$6.0M	24.54%	--	2026-06-30
Hrt Financial LP	44.9K	--	0.67%	--	2026-06-30
Citadel Advisors LLC	29.9K	--	0.44%	+16.8K	2026-06-30
UBS Group AG	1.1K	--	0.02%	+848	2026-06-30
Morgan Stanley	532	--	0.01%	-324	2026-06-30