AMERICAN PUBLIC EDUCATION (APEI) Stock Fundamental Analysis

NASDAQ:APEI • US02913V1035

43.85 USD
+0.45 (+1.04%)
At close: Feb 20, 2026
43.85 USD
0 (0%)
After Hours: 2/20/2026, 8:17:05 PM
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to APEI. APEI was compared to 75 industry peers in the Diversified Consumer Services industry. APEI is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. APEI has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • In the past year APEI was profitable.
  • APEI had a positive operating cash flow in the past year.
  • In multiple years APEI reported negative net income over the last 5 years.
  • APEI had a positive operating cash flow in each of the past 5 years.
APEI Yearly Net Income VS EBIT VS OCF VS FCFAPEI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M -100M

1.2 Ratios

  • With a decent Return On Assets value of 4.61%, APEI is doing good in the industry, outperforming 64.00% of the companies in the same industry.
  • The Return On Equity of APEI (8.66%) is better than 64.00% of its industry peers.
  • The Return On Invested Capital of APEI (8.88%) is better than 78.67% of its industry peers.
  • APEI had an Average Return On Invested Capital over the past 3 years of 3.11%. This is significantly below the industry average of 10.88%.
  • The 3 year average ROIC (3.11%) for APEI is below the current ROIC(8.88%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 4.61%
ROE 8.66%
ROIC 8.88%
ROA(3y)-8.83%
ROA(5y)-3.79%
ROE(3y)-15.94%
ROE(5y)-7.48%
ROIC(3y)3.11%
ROIC(5y)3.6%
APEI Yearly ROA, ROE, ROICAPEI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 -20 -30

1.3 Margins

  • The Profit Margin of APEI (3.70%) is comparable to the rest of the industry.
  • APEI's Profit Margin has declined in the last couple of years.
  • The Operating Margin of APEI (8.88%) is better than 68.00% of its industry peers.
  • APEI's Operating Margin has declined in the last couple of years.
  • With a decent Gross Margin value of 54.22%, APEI is doing good in the industry, outperforming 66.67% of the companies in the same industry.
  • In the last couple of years the Gross Margin of APEI has declined.
Industry RankSector Rank
OM 8.88%
PM (TTM) 3.7%
GM 54.22%
OM growth 3Y-6.39%
OM growth 5Y-3%
PM growth 3Y-27.64%
PM growth 5Y-14.35%
GM growth 3Y-3.61%
GM growth 5Y-2.87%
APEI Yearly Profit, Operating, Gross MarginsAPEI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60

8

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), APEI is creating some value.
  • APEI has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, APEI has more shares outstanding
  • The debt/assets ratio for APEI has been reduced compared to a year ago.
APEI Yearly Shares OutstandingAPEI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M
APEI Yearly Total Debt VS Total AssetsAPEI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

  • An Altman-Z score of 3.83 indicates that APEI is not in any danger for bankruptcy at the moment.
  • APEI's Altman-Z score of 3.83 is amongst the best of the industry. APEI outperforms 84.00% of its industry peers.
  • The Debt to FCF ratio of APEI is 1.58, which is an excellent value as it means it would take APEI, only 1.58 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of APEI (1.58) is better than 84.00% of its industry peers.
  • A Debt/Equity ratio of 0.34 indicates that APEI is not too dependend on debt financing.
  • The Debt to Equity ratio of APEI (0.34) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.34
Debt/FCF 1.58
Altman-Z 3.83
ROIC/WACC1.03
WACC8.59%
APEI Yearly LT Debt VS Equity VS FCFAPEI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

2.3 Liquidity

  • A Current Ratio of 2.84 indicates that APEI has no problem at all paying its short term obligations.
  • The Current ratio of APEI (2.84) is better than 86.67% of its industry peers.
  • A Quick Ratio of 2.84 indicates that APEI has no problem at all paying its short term obligations.
  • APEI has a better Quick ratio (2.84) than 86.67% of its industry peers.
Industry RankSector Rank
Current Ratio 2.84
Quick Ratio 2.84
APEI Yearly Current Assets VS Current LiabilitesAPEI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

5

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 116.44% over the past year.
  • Measured over the past years, APEI shows a decrease in Earnings Per Share. The EPS has been decreasing by -8.13% on average per year.
  • Looking at the last year, APEI shows a small growth in Revenue. The Revenue has grown by 6.75% in the last year.
  • The Revenue has been growing by 16.88% on average over the past years. This is quite good.
EPS 1Y (TTM)116.44%
EPS 3Y-10.67%
EPS 5Y-8.13%
EPS Q2Q%1300%
Revenue 1Y (TTM)6.75%
Revenue growth 3Y14.25%
Revenue growth 5Y16.88%
Sales Q2Q%6.59%

3.2 Future

  • APEI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 60.25% yearly.
  • APEI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.46% yearly.
EPS Next Y51.55%
EPS Next 2Y76.09%
EPS Next 3Y60.25%
EPS Next 5YN/A
Revenue Next Year3.2%
Revenue Next 2Y4.97%
Revenue Next 3Y5.46%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
APEI Yearly Revenue VS EstimatesAPEI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M
APEI Yearly EPS VS EstimatesAPEI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 2 -2 -4 -6

5

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 27.75, which means the current valuation is very expensive for APEI.
  • The rest of the industry has a similar Price/Earnings ratio as APEI.
  • When comparing the Price/Earnings ratio of APEI to the average of the S&P500 Index (26.99), we can say APEI is valued inline with the index average.
  • APEI is valuated rather expensively with a Price/Forward Earnings ratio of 19.64.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of APEI indicates a somewhat cheap valuation: APEI is cheaper than 61.33% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of APEI to the average of the S&P500 Index (28.06), we can say APEI is valued slightly cheaper.
Industry RankSector Rank
PE 27.75
Fwd PE 19.64
APEI Price Earnings VS Forward Price EarningsAPEI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • APEI's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. APEI is cheaper than 68.00% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of APEI indicates a somewhat cheap valuation: APEI is cheaper than 77.33% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 13.23
EV/EBITDA 9.25
APEI Per share dataAPEI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as APEI's earnings are expected to grow with 60.25% in the coming years.
PEG (NY)0.54
PEG (5Y)N/A
EPS Next 2Y76.09%
EPS Next 3Y60.25%

0

5. Dividend

5.1 Amount

  • No dividends for APEI!.
Industry RankSector Rank
Dividend Yield 0%

AMERICAN PUBLIC EDUCATION

NASDAQ:APEI (2/20/2026, 8:17:05 PM)

After market: 43.85 0 (0%)

43.85

+0.45 (+1.04%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryDiversified Consumer Services
Earnings (Last)11-10
Earnings (Next)03-10
Inst Owners114.94%
Inst Owner Change-0.09%
Ins Owners3.6%
Ins Owner Change-0.13%
Market Cap793.25M
Revenue(TTM)654.64M
Net Income(TTM)24.20M
Analysts82.86
Price Target44.73 (2.01%)
Short Float %9.96%
Short Ratio7.11
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly Dividend0.34
Dividend Growth(5Y)N/A
DP17.4%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)384.01%
Min EPS beat(2)74.48%
Max EPS beat(2)693.54%
EPS beat(4)4
Avg EPS beat(4)238.91%
Min EPS beat(4)15.09%
Max EPS beat(4)693.54%
EPS beat(8)7
Avg EPS beat(8)101.44%
EPS beat(12)9
Avg EPS beat(12)5.82%
EPS beat(16)13
Avg EPS beat(16)209.8%
Revenue beat(2)0
Avg Revenue beat(2)-0.62%
Min Revenue beat(2)-0.87%
Max Revenue beat(2)-0.37%
Revenue beat(4)0
Avg Revenue beat(4)-0.5%
Min Revenue beat(4)-0.87%
Max Revenue beat(4)-0.25%
Revenue beat(8)0
Avg Revenue beat(8)-13.38%
Revenue beat(12)0
Avg Revenue beat(12)-9.64%
Revenue beat(16)0
Avg Revenue beat(16)-7.72%
PT rev (1m)6.97%
PT rev (3m)13.28%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-40.51%
EPS NY rev (1m)0%
EPS NY rev (3m)7.98%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.74%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.96%
Valuation
Industry RankSector Rank
PE 27.75
Fwd PE 19.64
P/S 1.21
P/FCF 13.23
P/OCF 10.56
P/B 2.84
P/tB 4.14
EV/EBITDA 9.25
EPS(TTM)1.58
EY3.6%
EPS(NY)2.23
Fwd EY5.09%
FCF(TTM)3.31
FCFY7.56%
OCF(TTM)4.15
OCFY9.47%
SpS36.19
BVpS15.44
TBVpS10.59
PEG (NY)0.54
PEG (5Y)N/A
Graham Number23.43
Profitability
Industry RankSector Rank
ROA 4.61%
ROE 8.66%
ROCE 13.39%
ROIC 8.88%
ROICexc 16.13%
ROICexgc 25.5%
OM 8.88%
PM (TTM) 3.7%
GM 54.22%
FCFM 9.16%
ROA(3y)-8.83%
ROA(5y)-3.79%
ROE(3y)-15.94%
ROE(5y)-7.48%
ROIC(3y)3.11%
ROIC(5y)3.6%
ROICexc(3y)4.28%
ROICexc(5y)7.29%
ROICexgc(3y)5.95%
ROICexgc(5y)12.03%
ROCE(3y)4.69%
ROCE(5y)5.43%
ROICexgc growth 3Y-9.61%
ROICexgc growth 5Y-11.95%
ROICexc growth 3Y18.82%
ROICexc growth 5Y-11.02%
OM growth 3Y-6.39%
OM growth 5Y-3%
PM growth 3Y-27.64%
PM growth 5Y-14.35%
GM growth 3Y-3.61%
GM growth 5Y-2.87%
F-Score8
Asset Turnover1.25
Health
Industry RankSector Rank
Debt/Equity 0.34
Debt/FCF 1.58
Debt/EBITDA 1.28
Cap/Depr 95.35%
Cap/Sales 2.31%
Interest Coverage 5.92
Cash Conversion 101.51%
Profit Quality 247.77%
Current Ratio 2.84
Quick Ratio 2.84
Altman-Z 3.83
F-Score8
WACC8.59%
ROIC/WACC1.03
Cap/Depr(3y)70.06%
Cap/Depr(5y)62.9%
Cap/Sales(3y)2.8%
Cap/Sales(5y)2.55%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)116.44%
EPS 3Y-10.67%
EPS 5Y-8.13%
EPS Q2Q%1300%
EPS Next Y51.55%
EPS Next 2Y76.09%
EPS Next 3Y60.25%
EPS Next 5YN/A
Revenue 1Y (TTM)6.75%
Revenue growth 3Y14.25%
Revenue growth 5Y16.88%
Sales Q2Q%6.59%
Revenue Next Year3.2%
Revenue Next 2Y4.97%
Revenue Next 3Y5.46%
Revenue Next 5YN/A
EBIT growth 1Y69.04%
EBIT growth 3Y6.95%
EBIT growth 5Y13.38%
EBIT Next Year171.67%
EBIT Next 3Y55.67%
EBIT Next 5YN/A
FCF growth 1Y463.58%
FCF growth 3Y84.29%
FCF growth 5Y-2.23%
OCF growth 1Y193.08%
OCF growth 3Y44.29%
OCF growth 5Y4.96%

AMERICAN PUBLIC EDUCATION / APEI FAQ

What is the ChartMill fundamental rating of AMERICAN PUBLIC EDUCATION (APEI) stock?

ChartMill assigns a fundamental rating of 6 / 10 to APEI.


Can you provide the valuation status for AMERICAN PUBLIC EDUCATION?

ChartMill assigns a valuation rating of 5 / 10 to AMERICAN PUBLIC EDUCATION (APEI). This can be considered as Fairly Valued.


Can you provide the profitability details for AMERICAN PUBLIC EDUCATION?

AMERICAN PUBLIC EDUCATION (APEI) has a profitability rating of 5 / 10.


What is the financial health of AMERICAN PUBLIC EDUCATION (APEI) stock?

The financial health rating of AMERICAN PUBLIC EDUCATION (APEI) is 8 / 10.


What is the expected EPS growth for AMERICAN PUBLIC EDUCATION (APEI) stock?

The Earnings per Share (EPS) of AMERICAN PUBLIC EDUCATION (APEI) is expected to grow by 51.55% in the next year.