American Public Education Valuation Multiples

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

apei.com

Sectors

Learning Platforms

Financials (LTM)

Revenue: $660M

EBITDA: $89M

EV

$1B

Valuation Multiples

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American Public Education Financials

American Public Education reported last 12-month revenue of $660M and EBITDA of $89M.

In the same LTM period, American Public Education generated $358M in gross profit, $89M in EBITDA, and $31M in net income.

American Public Education P&L

In the most recent fiscal year, American Public Education reported revenue of $649M and EBITDA of $86M.

American Public Education expects next 12-month revenue of XXX and NTM EBITDA of XXX

American Public Education Stock Performance

American Public Education has current market cap of $1B, and enterprise value of $1B.

American Public Education's stock price is $58.30.

American Public Education Valuation Multiples

American Public Education trades at 1.6x EV/Revenue multiple, and 12.0x EV/EBITDA.

American Public Education Financial Valuation Multiples

As of April 8, 2026, American Public Education has market cap of $1B and EV of $1B.

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 34.7x.

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, while opex per employee averaged $0.0M for the same period.

American Public Education's rule of 40 is 20% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

American Public Education's rule of X is 30% (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 Public Comps

See public comps and valuation multiples for other Learning Platforms comps.

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).

American 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).