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TickerSTG
SectorEducation & Training Services
Mkt cap$295M
EV / EBITDAN/A
PostureQuiet Issuer
Composite21/100
LensBuyer-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 1723935

Sunlands Technology Group

STGQUIET ISSUERQUIET

Sunlands Technology Group reads as an Quiet Issuer (composite 21/100); Selective Buyer deploying $0 across 0 disclosed transactions, down 100% vs the prior cycle · primary market Media & Education.

Lens

Disclosed M&A capital (2023–2025)

N/A

−99%

vs N/A in 2020–2022

Disclosed transactions

N/A

flat

0/3 active fiscal years in window

Buyer archetype

Selective Buyer

Acquisition use is visible but targeted.

Composite score

21

/100

Quiet Issuer dominates · Quiet

Financial snapshot
Revenue$2B
EBITDA$491M
Enterprise valueN/A
EV / RevenueN/A
EV / EBITDAN/A
P/EN/A
Cash$82M
Total debtN/A
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

6/100

Companies actively deploying disclosed capital into M&A

  • $100K disclosed buyer spend

Buyer Cadence

14/100

Buyer-side companies with recent filing activity

  • Filed within 46d

Target Probability

4/100

Issuers showing target-side patterns from filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

Pressure Watch

4/100

Issuers facing activism, governance, or control pressure

Distress Watch

12/100

Issuers showing financial-distress filing patterns

  • Missing recent 10-Q

Restatement Risk

0/100

Issuers with accounting-integrity flags from filings

Capital Velocity

21/100

Issuers with the highest filing-activity intensity

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Market cap $295M
  • Quiet signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

No disclosed M&A capital in the 10-year window.

This issuer has not disclosed material acquisition spend or count in the last ten fiscal years.

§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Media & Education

Market spend (2023–2025)
$31.8B
Market spend (2020–2022)
$74.8B
Recent vs prior
−57%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

N/AEV / EBITDA

STG trades at a -12.4-turn discount to the Media & Education peer median of 12.1×.

EV / Revenue
N/A
Net debt / EBITDA
N/A
Peer median EV / EBITDA
12.1×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
21.6×2.0×-0.2×$8.8B$55M
19.2×1.5×-3.6×$25.6B$196M
4.9×1.8×2.2×$37.2B$100M
3.0×0.2×14.1×$2.1B$14M

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Media & Education. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Target landscape.

Public-issuer targets that fit this buyer's archetype and target categories from filing-derived signal. Scores reflect cross-signal fit; reasons cite the EDGAR-anchored facts that drove the match.

No qualifying public-issuer targets surfaced from the current signal mix.

Stated target categories

No target categories enumerated in the audited corpus for this issuer.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)82026-04-24
  • 10-Q (quarterly)0N/A
  • 8-K (event)0N/A
  • Proxy / DEF 14A0N/A
  • Activism (13D / DFAN / PREC)0N/A

Signals on file

Clean signal stream: no restatement, NT, spin / carve, or activism filings on file.

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.

Sunlands Technology Group: Issuer Brief | SE-Cluster