HIQ Global 100 Education Index

A market-capitalization-weighted index of the 100 largest publicly traded companies in the education sector around the world by market value.

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Tracking the world's 100 largest publicly traded education companies.

Education is one of the world’s largest social and economic activities. Global annual expenditure on education is approximately $5 Trillion dollars, forecast to grow to $10 Trillion by 2030. Whilst measures like these help us understand the scale and impact of the sector, the potential of education must not be measured by money alone. What is being “sold” is the education of future generations.

Education has been slow to leverage private capital to fuel research, investment and development in human capital. The HIQ Global 100 Education Index seeks to measure the change in this dynamic over time by tracking the cumulative value of the world’s 100 largest publicly traded education companies. The index tracks the market capitalization of those 100 companies, measuring what the companies are worth on the open market, as well as the market’s perception of their future prospects, because it reflects what investors are willing to pay for its stock.

100 companies valued at US$150B powered by 450,000 teachers and professionals

The index was launched in July 2018 with 100 constituents set-out comparatively below and in detail at the bottom of this note. Check out our deep dive on Global Education Stocks here too.

Index Characteristics compared to the S&P Global 1200 Healthcare Index

Healthcare is often cited as a benchmark for education given their respective social and economic characteristics. The S&P Global 1200 Health Care index consists of 104 constituents, all members of the S&P Global 1200 that are classified within the GICS® health care sector, essentially the largest healthcare companies from around the world.

The table below compares some of the basic characteristics of the two indexes.

CharacteristicsEducationHealthcare
Number of Constituents100104
Mean Company Market Cap$1.6B$47.3B
Largest Company Market Cap$20.2B$325.5B
Smallest Company Market Cap$8.8M$5.3B
Median Company Market Cap$449M$27.5B
Weight Largest Constituent12.9%6.9%
Weight Top 10 Constituents55.2%37.7%

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Constituents - July 2018

CompanyTickerHQ CountryUSD Millions Market Cap 9 Jul 2018
TALTALChina20,185
New OrientalEDUChina14,764
InformaINFSwitzerland13,673
PearsonPSONUK9,219
Bright HorizonsBFAMUS6,178
Grand CanyonLOPEUS5,580
2UTWOUUS4,636
KrotonKROTYBrazil4,409
PluralsightPSUS3,499
LagardereMMBFrance3,486
Chna Edu Group839China3,300
LaureateLAURUS3,286
CheggCHGGUS3,239
Graham HoldingsGHCUS3,171
AdtalemATGEUS3,048
Unite GroupUTGUK2,939
Mapleleaf1317China2,558
Yuhua6169China2,213
EstacioESTC3Brazil2,078
Bright ScholarBEDUChina2,073
HailianHLGChina2,061
Virscend1565Hong Kong2,041
PuxinNEWChina1,877
IDPIELAustralia1,849
Wisdom6068China1,754
ScholasticSCHLUS1,608
InstructureINSTUS1,508
SunlandsSTGChina1,459
SomosSEDU3Brazil1,439
StrayerSTRAUS1,331
New Higher Edu2001China1,281
CapelaCPLAUS1,202
NavitasNVTAustralia1,153
Career EducationCECOUS1,153
Houghton Mifflin
Harcourt
HMHCUS967
Minsheng1569China946
Learning TechnologiesLTGUK939
RiseREDUChina856
G8GEMAustralia795
APEAPEIUS728
K12 IncLRNUS721
OneSmartONEChina694
CH Xinhua2779China663
Qtone300359China659
Cambium LerningABCDUS570
SerSEER3Brazil548
Tokyo Individualized
Education
4745Japan527
RYBRYBChina507
NavneetNAVNETEDULIndia452
TarenaTEDUChina447
Rosetta StoneRSTUS375
China Online
Education Group
COEChina333
GP StrategiesGPXUS315
Meiko Network
Japan
4668Japan310
Four Seasons
Education
FEDUChina309
WilmingtonWILUK279
RMRM.UK260
21 Century Edu1598China259
Barnes & Noble
Education
BNEDUS258
China Distance
Education
DLChina251
Bloomsbury PublishingBMYUK240
Tribal GroupTRBUK217
Alkhaleej Training
and Education
4290Saudi Arabia190
Top Education1752Australia185
RafflesNR7Singapore183
BridgepointBPIUS182
Prestariang Berhad5204Malaysia144
APTechAPTECHTIndia143
Aspen GroupASPUUS134
3P3PLAustralia129
Overseas EducationRQ1Singapore108
ATAATAIChina98
AmbowAMBOChina92
Universal Technical
Institute
UTIUS80
Educational Development
Corp
EDUCUS76
RedhillRDHAustralia70
EvolveEVONew Zealand67
EvolveEVOAustralia67
MT EduCareMTEDUCAREIndia59
CL Education
Fin
2371China54
Kingsley Edu8105Malaysia52
VR Education
Holdings
VREUK48
CIBTMBACanada44
BoxlightBOXLUS43
Lincoln Education
Services
LINCUS42
Goldway Education8160Hong Kong39
Shanti Educatonal
Initiatives
SEILIndia38
HK Education
International
1082Hong Kong33
CL EducateCLEDUCATEIndia30
Dadi Edu8417Hong Kong30
WEY EducationWEYUK26
National American
Unviersity Holdings
NAUHUS23
MalvernMLVNSingapore21
BetterUBTRUCanada17
IcollegeICTAustralia17
VJTF EduServicesVJTFEDUIndia16
EduSpec Holdings0107India15
JM Education
Group
3003India9
Legacy Education
Alliance
LEAIUS9

Latest Research

Global Education Risk Monitor. July 2019

18 July 2019. 

503 education professionals from over 50 countries report lack of innovation, poor economic sustainability, teacher shortages, unequal access and escalating cost as the major risks to global education.

400+ Global EdTech VC Deals in 1H 2019 Worth $3.5B

27 June 2019. 

400+ Global EdTech VC Deals in 1H 2019 worth $3.5B accelerating education innovation around the world

Global Education IPO and Takeover Update

20 June 2019. 

The growth of education stocks and why it matters

Education-as-Usual. Likely but not preferred.

6 June 2019. 

Of the 5 Scenarios for Education in 2030, Education-as-Usual is least preferred but most likely according to 5000+ educators, entrepreneurs, leaders and investors from 30+ countries who have contributed to the Education in 2030 Project.