AMERICAN PUBLIC EDUCATION (APEI) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:APEI • US02913V1035

44.89 USD
+0.61 (+1.38%)
At close: Feb 6, 2026
44.89 USD
0 (0%)
After Hours: 2/6/2026, 8:17:58 PM
Fundamental Rating

6

Taking everything into account, APEI scores 6 out of 10 in our fundamental rating. APEI was compared to 75 industry peers in the Diversified Consumer Services industry. APEI has an excellent financial health rating, but there are some minor concerns on its profitability. 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.
  • 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.
  • Each year in the past 5 years APEI had a positive operating cash flow.
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 63.16% of the companies in the same industry.
  • The Return On Equity of APEI (8.66%) is better than 61.84% of its industry peers.
  • APEI's Return On Invested Capital of 8.88% is fine compared to the rest of the industry. APEI outperforms 77.63% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for APEI is significantly below the industry average of 10.44%.
  • 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

  • Looking at the Profit Margin, with a value of 3.70%, APEI is in line with its industry, outperforming 57.89% of the companies in the same industry.
  • APEI's Profit Margin has declined in the last couple of years.
  • APEI's Operating Margin of 8.88% is fine compared to the rest of the industry. APEI outperforms 64.47% of its industry peers.
  • In the last couple of years the Operating Margin of APEI has declined.
  • APEI's Gross Margin of 54.22% is fine compared to the rest of the industry. APEI outperforms 65.79% of its industry peers.
  • 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

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so APEI is still creating some value.
  • The number of shares outstanding for APEI has been increased compared to 1 year ago.
  • APEI has more shares outstanding than it did 5 years ago.
  • 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

  • APEI has an Altman-Z score of 3.90. This indicates that APEI is financially healthy and has little risk of bankruptcy at the moment.
  • With an excellent Altman-Z score value of 3.90, APEI belongs to the best of the industry, outperforming 82.89% of the companies in the same industry.
  • 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.
  • APEI has a better Debt to FCF ratio (1.58) than 82.89% of its industry peers.
  • A Debt/Equity ratio of 0.34 indicates that APEI is not too dependend on debt financing.
  • APEI has a Debt to Equity ratio (0.34) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.34
Debt/FCF 1.58
Altman-Z 3.9
ROIC/WACC1.02
WACC8.72%
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.
  • APEI has a Current ratio of 2.84. This is amongst the best in the industry. APEI outperforms 85.53% of its industry peers.
  • A Quick Ratio of 2.84 indicates that APEI has no problem at all paying its short term obligations.
  • APEI's Quick ratio of 2.84 is amongst the best of the industry. APEI outperforms 85.53% 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.
  • The Revenue has been growing slightly by 6.75% in the past year.
  • Measured over the past years, APEI shows a quite strong growth in Revenue. The Revenue has been growing by 16.88% on average per year.
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

  • The Earnings Per Share is expected to grow by 60.25% on average over the next years. This is a very strong growth
  • The Revenue is expected to grow by 5.46% on average over the next years.
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.
  • 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 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

  • APEI is valuated quite expensively with a Price/Earnings ratio of 28.41.
  • APEI's Price/Earnings ratio is in line with the industry average.
  • The average S&P500 Price/Earnings ratio is at 27.93. APEI is around the same levels.
  • APEI is valuated rather expensively with a Price/Forward Earnings ratio of 20.11.
  • 60.53% of the companies in the same industry are more expensive than APEI, based on the Price/Forward Earnings ratio.
  • The average S&P500 Price/Forward Earnings ratio is at 27.77. APEI is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 28.41
Fwd PE 20.11
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of APEI indicates a somewhat cheap valuation: APEI is cheaper than 67.11% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, APEI is valued a bit cheaper than 78.95% of the companies in the same industry.
Industry RankSector Rank
P/FCF 13.54
EV/EBITDA 9.62
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)0.55
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 (2/6/2026, 8:17:58 PM)

After market: 44.89 0 (0%)

44.89

+0.61 (+1.38%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryDiversified Consumer Services
Earnings (Last)11-10
Earnings (Next)03-04
Inst Owners114.94%
Inst Owner Change0.98%
Ins Owners3.6%
Ins Owner Change0.91%
Market Cap812.06M
Revenue(TTM)654.64M
Net Income(TTM)24.20M
Analysts82.86
Price Target44.73 (-0.36%)
Short Float %9.86%
Short Ratio6.71
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 28.41
Fwd PE 20.11
P/S 1.24
P/FCF 13.54
P/OCF 10.81
P/B 2.91
P/tB 4.24
EV/EBITDA 9.62
EPS(TTM)1.58
EY3.52%
EPS(NY)2.23
Fwd EY4.97%
FCF(TTM)3.31
FCFY7.38%
OCF(TTM)4.15
OCFY9.25%
SpS36.19
BVpS15.44
TBVpS10.59
PEG (NY)0.55
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 3.9
F-Score8
WACC8.72%
ROIC/WACC1.02
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.