Logo image of APEI

AMERICAN PUBLIC EDUCATION (APEI) Stock Fundamental Analysis

USA - NASDAQ:APEI - US02913V1035 - Common Stock

36.1599 USD
+0.24 (+0.67%)
Last: 9/22/2025, 12:58:34 PM
Fundamental Rating

6

APEI gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 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 is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

Quickly go to:

5

1. Profitability

1.1 Basic Checks

APEI had positive earnings in the past year.
In the past year APEI had a positive cash flow from operations.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M -100M

1.2 Ratios

Looking at the Return On Assets, with a value of 3.61%, APEI is in the better half of the industry, outperforming 64.00% of the companies in the same industry.
Looking at the Return On Equity, with a value of 7.12%, APEI is in the better half of the industry, outperforming 61.33% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 7.08%, APEI is in the better half of the industry, outperforming 76.00% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for APEI is significantly below the industry average of 9.88%.
The last Return On Invested Capital (7.08%) for APEI is above the 3 year average (3.11%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 3.61%
ROE 7.12%
ROIC 7.08%
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 -20 -30

1.3 Margins

Looking at the Profit Margin, with a value of 3.01%, APEI is in line with its industry, outperforming 56.00% of the companies in the same industry.
In the last couple of years the Profit Margin of APEI has declined.
APEI has a better Operating Margin (7.53%) than 61.33% of its industry peers.
APEI's Operating Margin has declined in the last couple of years.
APEI's Gross Margin of 53.39% is fine compared to the rest of the industry. APEI outperforms 62.67% of its industry peers.
In the last couple of years the Gross Margin of APEI has declined.
Industry RankSector Rank
OM 7.53%
PM (TTM) 3.01%
GM 53.39%
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60

More info and screens

8

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), APEI is destroying value.
APEI has more shares outstanding than it did 1 year ago.
APEI has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, APEI has an improved debt to assets ratio.
APEI Yearly Shares OutstandingAPEI Yearly Shares OutstandingYearly Shares Outstanding 2015 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

APEI has an Altman-Z score of 3.22. This indicates that APEI is financially healthy and has little risk of bankruptcy at the moment.
APEI has a Altman-Z score of 3.22. This is in the better half of the industry: APEI outperforms 73.33% of its industry peers.
The Debt to FCF ratio of APEI is 1.88, which is an excellent value as it means it would take APEI, only 1.88 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 1.88, APEI belongs to the best of the industry, outperforming 82.67% of the companies in the same industry.
A Debt/Equity ratio of 0.35 indicates that APEI is not too dependend on debt financing.
APEI has a Debt to Equity ratio (0.35) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.35
Debt/FCF 1.88
Altman-Z 3.22
ROIC/WACC0.82
WACC8.62%
APEI Yearly LT Debt VS Equity VS FCFAPEI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

2.3 Liquidity

APEI has a Current Ratio of 2.83. This indicates that APEI is financially healthy and has no problem in meeting its short term obligations.
APEI has a better Current ratio (2.83) than 84.00% of its industry peers.
APEI has a Quick Ratio of 2.83. This indicates that APEI is financially healthy and has no problem in meeting its short term obligations.
APEI has a Quick ratio of 2.83. This is amongst the best in the industry. APEI outperforms 85.33% of its industry peers.
Industry RankSector Rank
Current Ratio 2.83
Quick Ratio 2.83
APEI Yearly Current Assets VS Current LiabilitesAPEI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

More info and screens

5

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 20.45% over the past year.
The Earnings Per Share has been decreasing by -8.13% on average over the past years.
The Revenue has been growing slightly by 5.50% in the past year.
APEI shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 16.88% yearly.
EPS 1Y (TTM)20.45%
EPS 3Y-10.67%
EPS 5Y-8.13%
EPS Q2Q%66.67%
Revenue 1Y (TTM)5.5%
Revenue growth 3Y14.25%
Revenue growth 5Y16.88%
Sales Q2Q%6.46%

3.2 Future

APEI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 52.84% yearly.
APEI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.10% yearly.
EPS Next Y62.59%
EPS Next 2Y73.74%
EPS Next 3Y52.84%
EPS Next 5YN/A
Revenue Next Year5.48%
Revenue Next 2Y4.9%
Revenue Next 3Y5.1%
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
APEI Yearly Revenue VS EstimatesAPEI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 2 -2 -4 -6

More info and screens

6

4. Valuation

4.1 Price/Earnings Ratio

APEI is valuated quite expensively with a Price/Earnings ratio of 34.11.
The rest of the industry has a similar Price/Earnings ratio as APEI.
APEI is valuated rather expensively when we compare the Price/Earnings ratio to 27.38, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 16.64 indicates a correct valuation of APEI.
APEI's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. APEI is cheaper than 76.00% of the companies in the same industry.
APEI is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.86, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 34.11
Fwd PE 16.64
APEI Price Earnings VS Forward Price EarningsAPEI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

APEI's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. APEI is cheaper than 77.33% of the companies in the same industry.
APEI's Price/Free Cash Flow ratio is rather cheap when compared to the industry. APEI is cheaper than 85.33% of the companies in the same industry.
Industry RankSector Rank
P/FCF 13.01
EV/EBITDA 8.62
APEI Per share dataAPEI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

APEI's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
APEI's earnings are expected to grow with 52.84% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.55
PEG (5Y)N/A
EPS Next 2Y73.74%
EPS Next 3Y52.84%

More info and screens

0

5. Dividend

5.1 Amount

No dividends for APEI!.
Industry RankSector Rank
Dividend Yield N/A

More info and screens

AMERICAN PUBLIC EDUCATION

NASDAQ:APEI (9/22/2025, 12:58:34 PM)

36.1599

+0.24 (+0.67%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryDiversified Consumer Services
Earnings (Last)08-06 2025-08-06/amc
Earnings (Next)11-10 2025-11-10/amc
Inst Owners96.46%
Inst Owner Change6.25%
Ins Owners3.98%
Ins Owner Change-22.66%
Market Cap653.41M
Analysts83.08
Price Target37.74 (4.37%)
Short Float %7.55%
Short Ratio4.62
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0.34
Dividend Growth(5Y)N/A
DP29.63%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)123.5%
Min EPS beat(2)74.48%
Max EPS beat(2)172.52%
EPS beat(4)4
Avg EPS beat(4)77.28%
Min EPS beat(4)15.09%
Max EPS beat(4)172.52%
EPS beat(8)7
Avg EPS beat(8)36.65%
EPS beat(12)9
Avg EPS beat(12)-50.18%
EPS beat(16)12
Avg EPS beat(16)155.1%
Revenue beat(2)0
Avg Revenue beat(2)-0.56%
Min Revenue beat(2)-0.87%
Max Revenue beat(2)-0.25%
Revenue beat(4)0
Avg Revenue beat(4)-1%
Min Revenue beat(4)-2.38%
Max Revenue beat(4)-0.25%
Revenue beat(8)0
Avg Revenue beat(8)-13.44%
Revenue beat(12)0
Avg Revenue beat(12)-9.62%
Revenue beat(16)1
Avg Revenue beat(16)-7%
PT rev (1m)6.22%
PT rev (3m)12.8%
EPS NQ rev (1m)-110.57%
EPS NQ rev (3m)-137.74%
EPS NY rev (1m)0%
EPS NY rev (3m)-15.46%
Revenue NQ rev (1m)0.02%
Revenue NQ rev (3m)0.37%
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)0.08%
Valuation
Industry RankSector Rank
PE 34.11
Fwd PE 16.64
P/S 1.01
P/FCF 13.01
P/OCF 9.68
P/B 2.4
P/tB 3.54
EV/EBITDA 8.62
EPS(TTM)1.06
EY2.93%
EPS(NY)2.17
Fwd EY6.01%
FCF(TTM)2.78
FCFY7.69%
OCF(TTM)3.73
OCFY10.33%
SpS35.67
BVpS15.07
TBVpS10.21
PEG (NY)0.55
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 3.61%
ROE 7.12%
ROCE 10.68%
ROIC 7.08%
ROICexc 11.65%
ROICexgc 17.08%
OM 7.53%
PM (TTM) 3.01%
GM 53.39%
FCFM 7.79%
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%
ROICexcg growth 3Y-9.61%
ROICexcg 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 Turnover1.2
Health
Industry RankSector Rank
Debt/Equity 0.35
Debt/FCF 1.88
Debt/EBITDA 1.44
Cap/Depr 101.43%
Cap/Sales 2.68%
Interest Coverage 4.8
Cash Conversion 102.96%
Profit Quality 259.2%
Current Ratio 2.83
Quick Ratio 2.83
Altman-Z 3.22
F-Score8
WACC8.62%
ROIC/WACC0.82
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)20.45%
EPS 3Y-10.67%
EPS 5Y-8.13%
EPS Q2Q%66.67%
EPS Next Y62.59%
EPS Next 2Y73.74%
EPS Next 3Y52.84%
EPS Next 5YN/A
Revenue 1Y (TTM)5.5%
Revenue growth 3Y14.25%
Revenue growth 5Y16.88%
Sales Q2Q%6.46%
Revenue Next Year5.48%
Revenue Next 2Y4.9%
Revenue Next 3Y5.1%
Revenue Next 5YN/A
EBIT growth 1Y32.47%
EBIT growth 3Y6.95%
EBIT growth 5Y13.38%
EBIT Next Year186.02%
EBIT Next 3Y55.73%
EBIT Next 5YN/A
FCF growth 1Y1621.67%
FCF growth 3Y84.29%
FCF growth 5Y-2.23%
OCF growth 1Y447.29%
OCF growth 3Y44.29%
OCF growth 5Y4.96%