American Public Education Inc APEI Stock Analysis
- Nasdaq
- Stock
- Market closed · opens Monday 9:30 AM ET
$37.28 down $0.94, 2.46% at close Nov 6
Last close · Previous close $38.22
- Market cap
- $683.85MAt the Nov 6 close
- P/E ratio
- 15.28On last 12 months’ EPS
- Diluted EPS
- $2.44Last 12 months
- Dividend yield
- NoneLast 12 months
Price chart
$37.28down $0.94, 2.46%Fri, Nov 6 session
Use the left and right arrow keys to move along the chart.
Price data
Trading
- Previous close$38.22Nov 5
- Volume497.05KNov 6 session
Shares traded on all US exchanges in the last completed session. Live intraday volume covers IEX only, so it is left out.
- Avg. volume210.84KLast 21 sessions
The average daily shares traded over the last 21 trading sessions, about one calendar month.
- 52-week range: $31.13 to $61.59; now $37.28
The lowest and highest trades over the past 52 weeks, adjusted for splits. The marker shows the latest price.
Member SIPC.Low CommissionsLearn More (opens in a new tab)Sponsored. Affiliate link: I may earn a commission. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblink is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
Performance
Past performance, measured to the Nov 6 close. Total return includes reinvested dividends.Price change only, without dividends. Compared with the S&P 500, using SPY.
APEI beat the S&P 500 in 2 of 7 periods.
| Period | APEI and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | APEI: down 19.3% S&P 500: down 5.6% | APEI trailed the S&P 500 by 13.7 percentage points Trailed |
| 3M | APEI: down 26.6% S&P 500: down 4.1% | APEI trailed the S&P 500 by 22.5 percentage points Trailed |
| YTD | APEI: down 1.4% S&P 500: up 8.7% | APEI trailed the S&P 500 by 10.1 percentage points Trailed |
| 1Y | APEI: up 21.6% S&P 500: up 10.9% | APEI beat the S&P 500 by 10.7 percentage points Beat |
| Long term | ||
| 3Y | APEI: up 724.8% S&P 500: up 75.0% +102.0% vs +20.5% a year | APEI beat the S&P 500 by 649.8 percentage points Beat |
| 5Y | APEI: up 42.0% S&P 500: up 67.8% +7.3% vs +10.9% a year | APEI trailed the S&P 500 by 25.8 percentage points Trailed |
| 10Y | APEI: up 91.7% S&P 500: up 313.1% +6.7% vs +15.2% a year | APEI trailed the S&P 500 by 221.4 percentage points Trailed |
$10,000 invested in APEI 10 years ago (Nov 4, 2016) would be worth about $19,167 at the close on , with dividends reinvested. The same amount in the S&P 500 would be worth about $41,313.
APEI beat the S&P 500 in 2 of 7 periods.
| Period | APEI and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | APEI: down 19.3% S&P 500: down 5.6% | APEI trailed the S&P 500 by 13.7 percentage points Trailed |
| 3M | APEI: down 26.6% S&P 500: down 4.3% | APEI trailed the S&P 500 by 22.3 percentage points Trailed |
| YTD | APEI: down 1.4% S&P 500: up 7.8% | APEI trailed the S&P 500 by 9.2 percentage points Trailed |
| 1Y | APEI: up 21.6% S&P 500: up 9.7% | APEI beat the S&P 500 by 11.9 percentage points Beat |
| Long term | ||
| 3Y | APEI: up 724.8% S&P 500: up 68.8% +102.0% vs +19.1% a year | APEI beat the S&P 500 by 656.0 percentage points Beat |
| 5Y | APEI: up 42.0% S&P 500: up 56.9% +7.3% vs +9.4% a year | APEI trailed the S&P 500 by 14.9 percentage points Trailed |
| 10Y | APEI: up 91.7% S&P 500: up 252.6% +6.7% vs +13.4% a year | APEI trailed the S&P 500 by 160.9 percentage points Trailed |
$10,000 invested in APEI 10 years ago (Nov 4, 2016) would be worth about $19,167 at the close on , not counting dividends. The same amount in the S&P 500 would be worth about $35,257.
All-time high
$60.86
Closing high on . Now 38.7% below that record.
Split-adjusted daily closes since Nov 9, 2007.
Stock splits
APEI hasn’t split since its price history begins in 2007.
Valuation
The Nov 6 close compared with the last 12 months of reported results (the four quarters to Jun 30, 2026). Tap a metric to see how it’s calculated.
Price-to-earnings (P/E)
15.3×The Nov 6 close ÷ diluted EPS over the last 12 months ($2.44)
The range covers daily P/E ratios from Oct 28, 2021 to Nov 6, 2026, each based on the previous 12 months of earnings.
APEI trades at 15.3× its earnings over the last 12 months, below its 5-year median of 27.5×. In plain terms, buyers are paying about $15 for each $1 of profit from the past year. How to read P/E
Other valuation measures
- 1.0×Last 12 months’ revenue
Market value divided by revenue over the last 12 months. Useful when earnings are small or negative.
P/S = Market cap ÷ Revenue (last 12 months)Price-to-sales ratio - 2.2×Book value as of Jun 30, 2026
Price relative to accounting equity (book value) per share on the Jun 30, 2026 balance sheet. Asset-light companies often trade far above book value.
P/B = Price ÷ Book value per sharePrice-to-book ratio - 7.8×Last 12 months’ EBITDA
Enterprise value divided by EBITDA over the last 12 months. It compares companies with different amounts of debt.
EV/EBITDA = Enterprise value ÷ EBITDA (last 12 months)EV/EBITDA explained - 0.12Last 12 months’ EPS growth
The P/E divided by the growth in diluted EPS over the last 12 months (+130.2% on the 12 months before). It looks backward: near 1 means the P/E roughly matches last year’s growth. Sites that use analysts’ growth forecasts show a different PEG.
PEG = P/E ÷ EPS growth (%) = 15.3 ÷ 130.2 - 10.25%Last 12 months’ free cash flow
Free cash flow over the last 12 months as a share of the company’s market value: the cash the business generated for each dollar of stock.
FCF yield = Free cash flow (last 12 months) ÷ Market capFree cash flow - $614.51MAt the Nov 6 close
What it would cost to buy the whole business: the market cap at the Nov 6 close, plus debt, minus cash and short-term investments from the Jun 30, 2026 balance sheet.
EV = Market cap + Debt − Cash and short-term investmentsEV/EBITDA explained
Build your own APEI DCF in Excel. Value American Public Education with your own growth and margin assumptions.Browse DCF models Free DCF calculator
Financials
Reported results, not forecasts. From company filings via Tiingo; the latest report is Q2 FY26, the quarter ended Jun 30, 2026. “Last 12 months” means the four quarters from Jul 1, 2025 to Jun 30, 2026, and balance-sheet figures are as of Jun 30, 2026.
Revenue and net income
Last 12 months, with the change from the 12 months before
- Revenue
- $668.01Mup 3.6%
- Net income
- $45.67Mup 59.6%
- Diluted EPS
- $2.44up 130.2%
Data table
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| Q3 FY24 (Sep 30, 2024) | $153.12M | $2.26M | $0.04 |
| Q4 FY24 (Dec 31, 2024) | $164.11M | $12.96M | $0.63 |
| Q1 FY25 (Mar 31, 2025) | $164.55M | $8.89M | $0.41 |
| Q2 FY25 (Jun 30, 2025) | $162.77M | $4.50M | −$0.02 |
| Q3 FY25 (Sep 30, 2025) | $163.22M | $5.56M | $0.30 |
| Q4 FY25 (Dec 31, 2025) | $158.33M | $12.61M | $0.68 |
| Q1 FY26 (Mar 31, 2026) | $174.74M | $17.73M | $0.94 |
| Q2 FY26 (Jun 30, 2026) | $171.73M | $9.77M | $0.52 |
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| FY21 (Dec 31, 2021) | $418.80M | $17.75M | $0.97 |
| FY22 (Dec 31, 2022) | $606.33M | −$114.99M | −$6.08 |
| FY23 (Dec 31, 2023) | $600.55M | −$47.29M | −$2.93 |
| FY24 (Dec 31, 2024) | $624.56M | $16.11M | $0.55 |
| FY25 (Dec 31, 2025) | $648.86M | $31.56M | $1.36 |
Margins
- Gross 55.9%
- Operating 10.1%
- Net 6.8%
The percentages above the chart cover the last 12 months; the lines show each quarter. What margins tell you
Cash flow
- $70.08MLast 12 months
Cash from operations minus capital spending: the cash left after the business maintains and grows its assets.
FCF = Operating cash flow − Capital spendingFree cash flow - Operating cash flow$85.60MLast 12 months
- Capital spending$15.52MLast 12 months
- 10.5%Last 12 months
Free cash flow as a share of revenue, both over the last 12 months.
Shareholder returns
- $12.29MLast 12 months
Cash spent repurchasing shares, net of shares issued. Buybacks shrink the share count, so each remaining share owns more of the company.
- Dividends paid$0.00Last 12 months
- Total returned$12.29MLast 12 months
18% of free cash flow
Balance sheet
- $222.80MAs of Jun 30, 2026
Cash plus short- and long-term marketable securities on the Jun 30, 2026 balance sheet.
- Total debt$153.47MAs of Jun 30, 2026
- Net cash$69.34MAs of Jun 30, 2026
- 3.25As of Jun 30, 2026
Current assets divided by current liabilities on the Jun 30, 2026 balance sheet. Above 1 means short-term assets cover the bills due within a year.
Current ratio = Current assets ÷ Current liabilitiesCurrent ratio - 0.49As of Jun 30, 2026
Total debt divided by shareholders’ equity on the Jun 30, 2026 balance sheet: a measure of financial leverage.
D/E = Total debt ÷ Shareholders’ equityDebt-to-equity ratio
Financial strength
- 8 of 9Last 12 months
vs the 12 beforeA 0–9 checklist from accounting professor Joseph Piotroski. Each test compares the last 12 months with the 12 months before and scores a point if it passes. 8–9 is strong; 0–2 is weak.
- ✓Net income was positive: passed
- ✓Operating cash flow was positive: passed
- ✓Return on assets improved: passed
- ✓Operating cash flow exceeded net income: passed
- ✓Long-term debt fell relative to assets: passed
- ✓Current ratio improved: passed
- ✗Share count didn’t rise: not passed
- ✓Gross margin improved: passed
- ✓Asset turnover (revenue ÷ assets) improved: passed
- 15.3%Last 12 months
Over the last 12 months, American Public Education’s net income was 15.3% of its shareholders’ equity (averaged over the last four quarter-ends). It describes the past year, not an expected return.
ROE = Net income (last 12 months) ÷ Average equityReturn on equity - 8.6%Last 12 months
Over the last 12 months, American Public Education’s net income was 8.6% of its total assets (averaged over the last four quarter-ends): what the business earned on everything it owns.
ROA = Net income (last 12 months) ÷ Average total assets
About American Public Education Inc
American Military University (AMU) and American Public University (APU) part of American Public University System provide high-quality, affordable higher education that helps transform lives and advance careers. AMU & APU's workforce-relevant education is preparing nearly 90,000 active students for service and leadership worldwide. AMU and APU have a rich history and vibrant community of over 173,000 alumni from more than 80 countries. American Public University System (The System) is accredited by the Higher Learning Commission (HLC), an institutional accreditation agency recognized by the U.S. Department of Education. With approximately 109,000 students and over 250,000 1 alumni worldwide, The System is a wholly owned subsidiary of American Public Education, Inc.. For more information, visit www.apus.edu. 1 As of June 30, 2026.
- Sector
- Consumer Defensive
- Industry
- Education & Training Services
- Headquarters
- West Virginia, USA
- SEC filings
- EDGAR (opens in a new tab)
- Exchange
- Nasdaq
- Asset type
- Common stock
- Price history since
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APEI stock FAQ
What is APEI stock’s price today?
American Public Education (APEI) traded at $37.28 at the close on , down $0.94 (2.46%) from the previous close of $38.22. Over the past 52 weeks it has traded between $31.13 and $61.59.
If you invested $1,000 in APEI 10 years ago, how much would you have now?
With dividends reinvested, $1,000 invested in APEI on would be worth about $1,917 at the close on , a total return of +91.7%. The same $1,000 would be worth $1,420 if invested five years ago and $1,216 if invested one year ago. Past performance doesn’t predict future returns.
What is American Public Education’s market cap?
American Public Education’s market capitalization is about $683.8 million. That’s Tiingo’s daily market cap for , at that day’s closing price of $37.28 (how market cap works). American Public Education reported 18.34M shares outstanding at the end of its latest quarter ().
What is APEI’s P/E ratio?
APEI trades at 15.3 times its diluted earnings over the four quarters to ($2.44 per share), at the close. Over the past five years its P/E has ranged from 15.0 to 81.8, with a median of 27.5. (How the P/E ratio works.)
How much revenue does American Public Education make?
American Public Education reported $668.0 million of revenue over the four quarters to , up 3.6% from the twelve months before. In its latest quarter (Q2 FY26, ended ) revenue was $171.7 million, up 5.5% from a year earlier.
Is American Public Education profitable?
Yes. American Public Education earned $45.7 million of net income over the four quarters to , a net margin of 6.8%, and its operating margin was 10.1% (what margins tell you).
What are APEI’s earnings per share?
APEI’s diluted earnings per share were $2.44 over the four quarters to , compared with $1.06 in the twelve months before. The latest quarter (Q2 FY26) brought $0.52 per share, against −$0.02 a year earlier (how EPS works).
Does APEI pay a dividend?
American Public Education hasn’t paid a dividend in the last twelve months.
What is APEI’s 52-week high and low?
Over the past 52 weeks APEI has traded as low as $31.13 and as high as $61.59. At $37.28 at the close on , it is 39.5% below that high and 19.8% above the low.
What is APEI’s all-time high?
APEI’s highest closing price was $60.86 on , adjusted for stock splits. At $37.28 at the close on , it is 38.7% below that record.
Has APEI stock ever split?
No. APEI hasn’t split since its price history begins in 2007.
How has APEI stock performed?
Including dividends and measured to the close on , APEI has returned −1.4% so far this year and +21.6% over the past year, and +42.0% over five years (+7.3% a year). Over the same periods the S&P 500, measured by SPY, returned +8.7%, +10.9% and +67.8%. Past performance doesn’t predict future returns.
What sector and industry is American Public Education in?
American Public Education is in the Consumer Defensive sector and the Education & Training Services industry, and is headquartered in West Virginia, USA.
What exchange does APEI trade on?
American Public Education trades on the Nasdaq under the ticker symbol APEI. Its price history on this dashboard begins on .
Member SIPC.Low CommissionsLearn More (opens in a new tab)Sponsored. Affiliate link: I may earn a commission. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblink is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
About this data. Data sourced by Tiingo (opens in a new tab). The live price is Tiingo’s real-time price, based on IEX trades and quotes; intraday charts show IEX trades, and volume figures are consolidated totals for completed sessions. Prices are split-adjusted, and total returns assume dividends are reinvested. Financials come from company filings and can lag new reports. Times are Eastern.
This page is for education, not investment advice. Past performance doesn't predict future returns. Logos provided by Logo.dev (opens in a new tab).
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