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American Public Education Valuation Multiples
Discover revenue and EBITDA valuation multiples for American Public Education and similar public comparables like Udemy, Coursera, Docebo, Gaotu Techedu and more.
American Public Education Overview
About American Public Education
American Public Education Inc provides online and campus based postsecondary education including various undergraduate and graduate degree programs. The fields of study include business administration, health science, technology, criminal justice, education, liberal arts, national security, military studies, intelligence, and homeland security. There are three reporting segments: the American Public University segment which is the key revenue generator; the Rasmussen University Segment and the Hondros College of Nursing segment. The revenue is generated from net course registrations and enrollment, tuition rate, net tuition, and other fees.
Founded
2002
HQ
Employees
6.1K
Website
Sectors
Financials (LTM)
EV
$805M
American Public Education Financials
American Public Education reported last 12-month revenue of $650M and EBITDA of $80M.
In the same LTM period, American Public Education generated $350M in gross profit, $80M in EBITDA, and $25M in net income.
Revenue (LTM)
American Public Education P&L
In the most recent fiscal year, American Public Education reported revenue of $625M and EBITDA of $72M.
American Public Education expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $650M | XXX | $625M | XXX | XXX | XXX |
| Gross Profit | $350M | XXX | $329M | XXX | XXX | XXX |
| Gross Margin | 54% | XXX | 53% | XXX | XXX | XXX |
| EBITDA | $80M | XXX | $72M | XXX | XXX | XXX |
| EBITDA Margin | 12% | XXX | 12% | XXX | XXX | XXX |
| EBIT Margin | 7% | XXX | 6% | XXX | XXX | XXX |
| Net Profit | $25M | XXX | $16M | XXX | XXX | XXX |
| Net Margin | 4% | XXX | 3% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
American Public Education Stock Performance
American Public Education has current market cap of $830M, and enterprise value of $805M.
Market Cap Evolution
American Public Education's stock price is $45.92.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $805M | $830M | 0.0% | XXX | XXX | XXX | $0.89 |
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Start Free TrialAmerican Public Education Valuation Multiples
American Public Education trades at 1.2x EV/Revenue multiple, and 10.1x EV/EBITDA.
EV / Revenue (LTM)
American Public Education Financial Valuation Multiples
As of March 9, 2026, American Public Education has market cap of $830M and EV of $805M.
Equity research analysts estimate American Public Education's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
American Public Education has a P/E ratio of 32.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $830M | XXX | $830M | XXX | XXX | XXX |
| EV (current) | $805M | XXX | $805M | XXX | XXX | XXX |
| EV/Revenue | 1.2x | XXX | 1.3x | XXX | XXX | XXX |
| EV/EBITDA | 10.1x | XXX | 11.1x | XXX | XXX | XXX |
| EV/EBIT | 17.9x | XXX | 20.8x | XXX | XXX | XXX |
| EV/Gross Profit | 2.3x | XXX | 2.4x | XXX | XXX | XXX |
| P/E | 32.6x | XXX | 51.5x | XXX | XXX | XXX |
| EV/FCF | 11.4x | XXX | 28.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified American Public Education Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
American Public Education Margins & Growth Rates
American Public Education's revenue in the last 12 month grew by 7%.
American Public Education's revenue per employee in the last FY averaged $0.1M.
American Public Education's rule of 40 is 19% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
American Public Education's rule of X is 29% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
American Public Education Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | 12% | XXX | 12% | XXX | XXX | XXX |
| EBITDA Growth | 18% | XXX | 7% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 19% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 29% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 21% | XXX | 21% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 22% | XXX | 23% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 46% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
American Public Education Public Comps
See public comps and valuation multiples for other Learning Platforms comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Udemy | XXX | XXX | XXX | XXX | XXX | XXX |
| Coursera | XXX | XXX | XXX | XXX | XXX | XXX |
| Docebo | XXX | XXX | XXX | XXX | XXX | XXX |
| Gaotu Techedu | XXX | XXX | XXX | XXX | XXX | XXX |
| Afya | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
American Public Education M&A Activity
American Public Education acquired XXX companies to date.
Last acquisition by American Public Education was on XXXXXXXX, XXXXX. American Public Education acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by American Public Education
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAmerican Public Education Investment Activity
American Public Education invested in XXX companies to date.
American Public Education made its latest investment on XXXXXXXX, XXXXX. American Public Education invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by American Public Education
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout American Public Education
| When was American Public Education founded? | American Public Education was founded in 2002. |
| Where is American Public Education headquartered? | American Public Education is headquartered in United States. |
| How many employees does American Public Education have? | As of today, American Public Education has over 6K employees. |
| Who is the CEO of American Public Education? | American Public Education's CEO is Harry T. Wilkins. |
| Is American Public Education publicly listed? | Yes, American Public Education is a public company listed on Nasdaq. |
| What is the stock symbol of American Public Education? | American Public Education trades under APEI ticker. |
| When did American Public Education go public? | American Public Education went public in 2007. |
| Who are competitors of American Public Education? | American Public Education main competitors are Udemy, Coursera, Docebo, Gaotu Techedu. |
| What is the current market cap of American Public Education? | American Public Education's current market cap is $830M. |
| What is the current revenue of American Public Education? | American Public Education's last 12 months revenue is $650M. |
| What is the current revenue growth of American Public Education? | American Public Education revenue growth (NTM/LTM) is 7%. |
| What is the current EV/Revenue multiple of American Public Education? | Current revenue multiple of American Public Education is 1.2x. |
| Is American Public Education profitable? | Yes, American Public Education is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of American Public Education? | American Public Education's last 12 months EBITDA is $80M. |
| What is American Public Education's EBITDA margin? | American Public Education's last 12 months EBITDA margin is 12%. |
| What is the current EV/EBITDA multiple of American Public Education? | Current EBITDA multiple of American Public Education is 10.1x. |
| What is the current FCF of American Public Education? | American Public Education's last 12 months FCF is $71M. |
| What is American Public Education's FCF margin? | American Public Education's last 12 months FCF margin is 11%. |
| What is the current EV/FCF multiple of American Public Education? | Current FCF multiple of American Public Education is 11.4x. |
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