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← CockpitCompetitor Analysis › APEI American Public Education, Inc.Open in the cockpit ↗

American Public Education, Inc.APEICompetitor analysis, valuation and peers

United States · USD·Consumer Discretionary›Other Consumer Services
Momentum laggard 15
Mkt cap
$682M
US dollars, full cap
Free float
95%
of shares outstanding
$/day
$9.43M
20-day average traded
Fwd P/E
14.5×
forward earnings
ROIC−WACC
+11.0 pp
WACC 11.0%
Hurdle
-15 pp
Req g minus delivered
Next earnings
3 days
9 Nov 2026
Close · USD$37.28
1D-2.5%
1W-8.1%
1M-22.0%
3M-21.3%
6M-33.8%
YTD-1.4%
1Y+18.6%
ATR %5.6%
Beta0.47
52w lowhigh39.5% off high

What American Public Education does

Employees: 5,841

American Public Education at a glance

Size American Public Education (APEI) is a United States Consumer Discretionary company (Other Consumer Services) with a market value of $682M, the 2501st largest of 3,117 United States companies the cockpit tracks. Shares closed at $37.28 on 6 Nov 2026.

Performance Over six months the shares fell 33.8%, against -10.4% for the median peer and -1.1% for the United States market (cap-weighted) — 4th lowest of 21 in its peer set.

Growth Revenue grew 3.6% over the last twelve months (peer median +2.2%); the operating margin is 10.2% (peer median 13.1%).

Valuation It trades at 14.5× forward earnings against a peer median of 17.4× (4th cheapest of 15).

Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +15%, so the hurdle is -15 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 11.0 points above its cost of capital (11.0% WACC).

Short interest Short interest is 14.1% of the free float (15 Oct 2026).

Next results Next results expected around 9 Nov 2026 (exchange calendar; dates can move).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026Peer median 92APEI 66
Six months, rebased to 100: American Public Education against the median of its 20 peers (local-currency closes).

American Public Education financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$668M$649M$625M$601M$606M
Revenue growth—+4%+4%-1%—
Gross profit$357M$336M$310M$280M$286M
EBITDA$84.3M$70.0M$58.1M$46.5M$44.8M
Net income$45.7M$31.6M$16.1M-$47.3M-$115M
Free cash flow$70.1M$46.1M$27.8M$31.6M$12.8M
Capital expenditure$15.5M$15.9M$21.1M$13.9M$16.4M
Total debt$153M$163M$201M$205M$209M

Quarterly statements and history in the cockpit →

American Public Education competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-25%0%+25%+50%-20%0%002033EDR600138002707185100205970850008886005932373000796MAD0308TRIP5530603402002638WEBALVDMAPEI6-month return →1-month return →
Up and to the right = strong over both horizons. American Public Education is the large dot.

Fundamentals: revenue growth against valuation

-20%-10%0%+10%+20%20×40×60×80×002033EDR60013800270770850008882373MADTRIP603402WEBTRNALVDMAPEIRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. American Public Education is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%002033EDR60013800270718512373MADTRIP603402WEBTRNALVDMAPEIGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. American Public Education is the large dot.

American Public Education competitors and peer comparison

How American Public Education compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

American Public Education against its 20 peers (data as of 6 Nov 2026)
MeasureAPEIPeer medianRank in peer set
1-month return-22.0%-1.4%lowest of 21
6-month return-33.8%-10.4%4th lowest of 21
Distance from 52-week high-39.5%-35.8%7th lowest of 21
Revenue growth (TTM)+3.6%+2.2%10th highest of 21
Operating margin10.2%13.1%9th lowest of 21
Forward P/E14.5×17.4×4th cheapest of 15
Growth the price implies (Req g, 7 yrs)0.4%1.8%6th least demanding of 16
Growth delivered (Del g)+15.1%+25.6%5th lowest of 16
Hurdle (Req g minus delivered)-14.6 pp-24.1 pp7th most demanding of 16
ROIC minus cost of capital+11.0 pp+4.1 pp7th highest of 19
EV / EBITDA7.3×7.3×6th cheapest of 14
Net debt / EBITDA-0.8×-0.5×6th least indebted of 14

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
American Public Education APEIUnited States$682M-34%+4%10%14.5×0.4%+15.1%
Lijiang Yulong Tourism 002033.SZChina$687M-12%+8%37%18.3×0.8%+14.8%
eDreams ODIGEO EDR.MCSpain$637M+59%-3%12%15.5×2.9%+44.2%
China CYTS Tours 600138.SSChina$737M-25%+15%3%43.9×1.5%+9.7%
UTour 002707.SZChina$740M-15%-9%2%76.6×9.7%+33.8%
China Gingko Education 1851.HKHong Kong$629M+56%+14%38%n/a5.9%+16.9%
Yunnan Tourism 002059.SZChina$606M-19%-24%-62%n/an/an/a
Curves 7085.TJapan$601M+27%+16%18%16.7×-0.7%+11.9%
Emei Shan Tourism 000888.SZChina$789M-16%-8%15%21.7×3.2%+15.1%
Dalian Sunasia Tourism 600593.SSChina$793M+19%+5%32%n/an/an/a
Beauty Farm Medical & Health Industry 2373.HKHong Kong$585M-9%+23%16%8.7×-16.4%+14.0%
Caissa Tourism 000796.SZChina$805M-36%+42%-10%n/an/an/a
Mader MAD.AXAustralia$806M-29%+15%9%15.7×5.2%+26.9%
China Travel International Investment Hong Kong 0308.HKHong Kong$809M0%-7%11%23.4×5.4%+15.7%
TripAdvisor TRIPUnited States$820M-38%-4%5%10.1×-6.6%+25.6%
Lungyen Life Service 5530.TWOTaiwan$565M+1%-17%20%n/an/an/a
Shaanxi Tourism Culture Industry 603402.SSChina$832M-36%-18%54%18.7×-15.9%+27.6%
Dongguan Kingsun Optoelectronic 002638.SZChina$849M-16%-24%-34%n/an/an/a
Webbeds WEB.AXAustralia$871M+45%+20%25%15.7×4.5%+50.3%
Trainline TRN.LUnited Kingdom$887M-5%+1%27%7.9×-8.0%+46.5%
Voyageurs du Monde ALVDM.PAFrance$896M+28%+4%8%18.1×1.8%+46.3%

Questions

Which companies are American Public Education's closest peers?
The cockpit's peer set: Lijiang Yulong Tourism (002033.SZ), eDreams ODIGEO (EDR.MC), China CYTS Tours (600138.SS), UTour (002707.SZ), China Gingko Education (1851.HK), Yunnan Tourism (002059.SZ), Curves (7085.T), Emei Shan Tourism (000888.SZ).
Is American Public Education expensive compared with its peers?
On forward p/e it trades at 14.5× against a peer median of 17.4×, 4th cheapest of 15 in its peer set. For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +15%, so the hurdle is -15 pp: the price already allows for a slowdown.
How has American Public Education stock performed?
Over six months to 6 Nov 2026 the shares returned -33.8% against -10.4% for the median peer; over one year +18.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.