So, could this mark the start of a new beginning for the company? Investors seem to think so, at least based on its current valuation. New Oriental trades at a high forward price-to-earnings (P/E) ratio of 70, though that figure will quickly come down as its profits improve. On a price-to-sales (P/S) basis, it still trades at a relatively mediocre ratio of 1.1. But anything above 1 is generally good for U.S.-listed Chinese firms these days, and the figure still beats rivals TAL Education TAL and Gaotu Techedu GOTU, which trade at P/S ratios of 0.7 and 0.4, respectively.