AMERICAN PUBLIC EDUCATION (APEI) Fundamental Analysis & Valuation

NASDAQ:APEI • US02913V1035

45.74 USD
+0.23 (+0.51%)
At close: Mar 11, 2026
45.74 USD
0 (0%)
After Hours: 3/11/2026, 8:00:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This APEI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

6

Overall APEI gets a fundamental rating of 6 out of 10. We evaluated APEI against 74 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 decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

5

1. APEI Profitability Analysis

1.1 Basic Checks

  • In the past year APEI was profitable.
  • In the past year APEI had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: APEI reported negative net income in multiple 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

  • APEI's Return On Assets of 4.61% is fine compared to the rest of the industry. APEI outperforms 64.86% of its industry peers.
  • With a decent Return On Equity value of 8.66%, APEI is doing good in the industry, outperforming 63.51% of the companies in the same industry.
  • APEI has a better Return On Invested Capital (8.88%) than 78.38% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for APEI is significantly below the industry average of 10.83%.
  • 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 56.76% of the companies in the same industry.
  • APEI's Profit Margin has declined in the last couple of years.
  • APEI has a Operating Margin of 8.88%. This is in the better half of the industry: APEI outperforms 66.22% of its industry peers.
  • APEI's Operating Margin has declined in the last couple of years.
  • APEI's Gross Margin of 54.22% is fine compared to the rest of the industry. APEI outperforms 66.22% 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

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ROAROEROICOperating and Profit MarginShow most profitable peers

8

2. APEI Health Analysis

2.1 Basic Checks

  • APEI has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is 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 3.94. This indicates that APEI is financially healthy and has little risk of bankruptcy at the moment.
  • APEI's Altman-Z score of 3.94 is amongst the best of the industry. APEI outperforms 82.43% of its industry peers.
  • APEI has a debt to FCF ratio of 1.58. This is a very positive value and a sign of high solvency as it would only need 1.58 years to pay back of all of its debts.
  • APEI's Debt to FCF ratio of 1.58 is amongst the best of the industry. APEI outperforms 83.78% of its industry peers.
  • APEI has a Debt/Equity ratio of 0.34. This is a healthy value indicating a solid balance between debt and equity.
  • With a Debt to Equity ratio value of 0.34, APEI perfoms like the industry average, outperforming 52.70% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.34
Debt/FCF 1.58
Altman-Z 3.94
ROIC/WACC1.03
WACC8.66%
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.
  • With an excellent Current ratio value of 2.84, APEI belongs to the best of the industry, outperforming 89.19% of the companies in the same industry.
  • APEI has a Quick Ratio of 2.84. This indicates that APEI is financially healthy and has no problem in meeting its short term obligations.
  • APEI has a Quick ratio of 2.84. This is amongst the best in the industry. APEI outperforms 89.19% 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

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. APEI Growth Analysis

3.1 Past

  • APEI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 116.44%, which is quite impressive.
  • 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

  • The Earnings Per Share is expected to grow by 56.72% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, APEI will show a small growth in Revenue. The Revenue will grow by 5.46% on average per year.
EPS Next Y48.72%
EPS Next 2Y79.05%
EPS Next 3Y56.72%
EPS Next 5YN/A
Revenue Next Year3.2%
Revenue Next 2Y4.98%
Revenue Next 3Y5.46%
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 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

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Find the best growth stocksShow best growing peers

5

4. APEI Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 28.95, APEI can be considered very expensive at the moment.
  • The rest of the industry has a similar Price/Earnings ratio as APEI.
  • APEI's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.15.
  • With a Price/Forward Earnings ratio of 19.82, APEI is valued on the expensive side.
  • Based on the Price/Forward Earnings ratio, APEI is valued a bit cheaper than 62.16% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of APEI to the average of the S&P500 Index (24.27), we can say APEI is valued inline with the index average.
Industry RankSector Rank
PE 28.95
Fwd PE 19.82
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 67.57% of the companies in the same industry.
  • APEI's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. APEI is cheaper than 75.68% of the companies in the same industry.
Industry RankSector Rank
P/FCF 13.8
EV/EBITDA 9.83
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.
  • A more expensive valuation may be justified as APEI's earnings are expected to grow with 56.72% in the coming years.
PEG (NY)0.59
PEG (5Y)N/A
EPS Next 2Y79.05%
EPS Next 3Y56.72%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. APEI Dividend Analysis

5.1 Amount

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

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Find the best dividend stocksShow peers with best dividend

APEI Fundamentals: All Metrics, Ratios and Statistics

AMERICAN PUBLIC EDUCATION

NASDAQ:APEI (3/11/2026, 8:00:00 PM)

After market: 45.74 0 (0%)

45.74

+0.23 (+0.51%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryDiversified Consumer Services
Earnings (Last)11-10
Earnings (Next)03-12
Inst Owners114.41%
Inst Owner Change4.79%
Ins Owners3.55%
Ins Owner Change-0.03%
Market Cap827.44M
Revenue(TTM)654.64M
Net Income(TTM)24.20M
Analysts82.86
Price Target47.65 (4.18%)
Short Float %10.01%
Short Ratio7.26
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)6.51%
PT rev (3m)13.94%
EPS NQ rev (1m)-3.71%
EPS NQ rev (3m)-11.89%
EPS NY rev (1m)-1.87%
EPS NY rev (3m)0.57%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.24%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.25%
Valuation
Industry RankSector Rank
PE 28.95
Fwd PE 19.82
P/S 1.26
P/FCF 13.8
P/OCF 11.02
P/B 2.96
P/tB 4.32
EV/EBITDA 9.83
EPS(TTM)1.58
EY3.45%
EPS(NY)2.31
Fwd EY5.05%
FCF(TTM)3.31
FCFY7.25%
OCF(TTM)4.15
OCFY9.08%
SpS36.19
BVpS15.44
TBVpS10.59
PEG (NY)0.59
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 3.94
F-Score8
WACC8.66%
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 Y48.72%
EPS Next 2Y79.05%
EPS Next 3Y56.72%
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 2Y4.98%
Revenue Next 3Y5.46%
Revenue Next 5YN/A
EBIT growth 1Y69.04%
EBIT growth 3Y6.95%
EBIT growth 5Y13.38%
EBIT Next Year171.76%
EBIT Next 3Y54.41%
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 48.72% in the next year.