American Public Education (APEI) Financial Ratios: P/E, ROE & More

American Public Education (APEI) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), American Public Education had a P/E ratio of 27.02 (down from 37.99), return on equity of 10.5% (up from 5.4%), debt-to-equity of 0.55 (down from 0.66) and a current ratio of 3.46 (up from 3.29). A current ratio of 3.46 means current assets exceed current liabilities.

American Public Education Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	27.02	37.99	-	-	23.45	23.98
Forward P/E	22.41	19.59	14.77	162.14	13.01	20.39
P/S Ratio	1.05	0.61	0.29	0.38	0.99	1.40
P/B Ratio	2.32	1.26	0.59	0.66	1.00	1.47
Price/Tangible Book	3.30	2.17	1.06	1.63	4.78	1.63
Price/FCF	14.83	13.75	5.43	18.10	93.82	11.32
Price/OCF	11.03	7.82	3.77	7.95	25.59	10.07
PEG Ratio	1.49	1.31	0.98	10.81	0.87	1.24
Enterprise Value Ratios
EV/Revenue	1.01	0.78	0.48	0.57	1.31	0.73
EV/EBITDA	9.41	8.31	6.22	7.82	9.65	5.47
EV/EBIT	12.23	12.37	15.49	28.54	14.03	7.84
EV/FCF	14.28	17.62	9.15	26.99	124.13	5.88
Profitability & Returns
Return on Equity (ROE)	10.54%	5.41%	-14.74%	-30.05%	4.91%	6.24%
Return on Assets (ROA)	6.17%	4.39%	1.99%	1.13%	4.47%	5.15%
Return on Invested Capital (ROIC)	11.85%	6.39%	4.47%	2.44%	8.81%	22.19%
Return on Capital Employed (ROCE)	12.10%	8.10%	3.90%	2.20%	6.10%	9.50%
Leverage & Solvency Ratios
Debt/Equity	0.55	0.66	0.70	0.60	0.59	0.03
Debt/EBITDA	1.88	2.58	3.05	3.26	3.77	0.19
Debt/FCF	3.54	7.22	6.47	16.29	54.93	0.22
Liquidity Ratios
Current Ratio	3.46	3.29	2.94	2.63	2.42	4.57
Quick Ratio	3.24	2.47	2.27	2.09	1.96	4.43
Efficiency Ratios
Asset Turnover	1.19	1.11	1.02	0.91	0.76	0.89
Yield & Distribution Ratios
Earnings Yield	4.62%	4.22%	-27.55%	-49.52%	4.26%	4.17%
FCF Yield	6.74%	7.27%	18.43%	5.52%	1.07%	8.84%
Payout Ratio	8.72%	37.59%	-	-	-	-
Buyback Yield	-2.82%	-0.20%	3.96%	-3.31%	-21.32%	7.43%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About American Public Education Financial Ratios

What is American Public Education's P/E ratio?

American Public Education's P/E ratio was 27.02 for fiscal 2025 (period ended Dec 31, 2025). It was 37.99 a year earlier.

What is American Public Education's return on equity?

American Public Education's return on equity (ROE) was 10.5% for fiscal 2025 (period ended Dec 31, 2025). It was 5.4% a year earlier.

What is American Public Education's debt-to-equity ratio?

American Public Education's debt-to-equity ratio was 0.55 for fiscal 2025 (period ended Dec 31, 2025). It was 0.66 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition