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American Public Education (American Public Education) Cyclically Adjusted PB Ratio : 0.67 (As of Apr. 30, 2024)


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What is American Public Education Cyclically Adjusted PB Ratio?

As of today (2024-04-30), American Public Education's current share price is $13.79. American Public Education's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $20.45. American Public Education's Cyclically Adjusted PB Ratio for today is 0.67.

The historical rank and industry rank for American Public Education's Cyclically Adjusted PB Ratio or its related term are showing as below:

APEI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.2   Med: 2.14   Max: 5.51
Current: 0.7

During the past years, American Public Education's highest Cyclically Adjusted PB Ratio was 5.51. The lowest was 0.20. And the median was 2.14.

APEI's Cyclically Adjusted PB Ratio is ranked better than
70.87% of 127 companies
in the Education industry
Industry Median: 1.29 vs APEI: 0.70

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

American Public Education's adjusted book value per share data for the three months ended in Dec. 2023 was $14.331. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $20.45 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


American Public Education Cyclically Adjusted PB Ratio Historical Data

The historical data trend for American Public Education's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

American Public Education Cyclically Adjusted PB Ratio Chart

American Public Education Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.98 1.98 1.24 0.62 0.47

American Public Education Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.62 0.27 0.23 0.24 0.47

Competitive Comparison of American Public Education's Cyclically Adjusted PB Ratio

For the Education & Training Services subindustry, American Public Education's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


American Public Education's Cyclically Adjusted PB Ratio Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, American Public Education's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where American Public Education's Cyclically Adjusted PB Ratio falls into.



American Public Education Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

American Public Education's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13.79/20.45
=0.67

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

American Public Education's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, American Public Education's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=14.331/129.4194*129.4194
=14.331

Current CPI (Dec. 2023) = 129.4194.

American Public Education Quarterly Data

Book Value per Share CPI Adj_Book
201403 12.263 99.695 15.919
201406 12.444 100.560 16.015
201409 13.030 100.428 16.792
201412 13.655 99.070 17.838
201503 13.966 99.621 18.143
201506 14.018 100.684 18.019
201509 14.439 100.392 18.614
201512 14.832 99.792 19.235
201603 15.408 100.470 19.848
201606 15.870 101.688 20.198
201609 15.974 101.861 20.296
201612 16.430 101.863 20.875
201703 16.579 102.862 20.859
201706 16.885 103.349 21.144
201709 17.233 104.136 21.417
201712 17.965 104.011 22.354
201803 17.914 105.290 22.019
201806 18.462 106.317 22.474
201809 18.878 106.507 22.939
201812 19.560 105.998 23.882
201903 19.381 107.251 23.387
201906 19.578 108.070 23.446
201909 19.247 108.329 22.994
201912 19.550 108.420 23.337
202003 19.305 108.902 22.942
202006 19.843 108.767 23.611
202009 20.126 109.815 23.719
202012 20.726 109.897 24.408
202103 21.458 111.754 24.850
202106 21.570 114.631 24.353
202109 21.617 115.734 24.173
202112 22.215 117.630 24.442
202203 22.443 121.301 23.945
202206 16.739 125.017 17.328
202209 16.692 125.227 17.251
202212 16.410 125.222 16.960
202303 15.977 127.348 16.237
202306 13.798 128.729 13.872
202309 13.591 129.860 13.545
202312 14.331 129.419 14.331

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


American Public Education  (NAS:APEI) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


American Public Education Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of American Public Education's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


American Public Education (American Public Education) Business Description

Traded in Other Exchanges
N/A
Address
111 West Congress Street, Charles Town, WV, USA, 25414
American Public Education Inc provides online and on-campus 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 Education 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.
Executives
Barbara Kurshan director C/O AMERICAN PUBLIC EDUCATION, 111 W. CONGRESS STREET, CHARLES TOWN WV 25414
Craig S Macgibbon officer: EVP, Chief Information Officer C/O UIL HOLDINGS CORPORATION, 157 CHURCH STREET, NEW HAVEN CT 06506
Thomas Beckett officer: SVP, General Counsel 111 W. CONGRESS STREET, CHARLES TOWN WV 25414
Paula R Singer officer: Acting President, Rasmussen C/O AMERICAN PUBLIC EDUCATION, INC., 111 WEST CONGRESS STREET, CHARLES TOWN WV 25414
325 Master Fund Lp other: See Footnotes 757 THIRD AVENUE, 20TH FLOOR, NEW YORK NY 10017
Daniel M. Friedberg other: See Footnotes C/O SAGARD CAPITAL, 325 GREENWICH AVENUE, GREENWICH CT 06830
325 Capital Llc other: See Footnotes 757 THIRD AVENUE, 20TH FLOOR, NEW YORK NY 10017
Michael David Braner director, other: See Footnotes 200 PARK AVENUE, 17TH FLOOR, NEW YORK NY 10016
Anil K Shrivastava other: See Footnotes 200 PARK AVENUE, 17TH FLOOR, NEW YORK NY 10016
325 Capital Gp, Llc other: See Footnotes 757 THIRD AVENUE, 20TH FLOOR, NEW YORK NY 10017
Robinson William G Jr director 3150 SABRE DRIVE, SOUTHLAKE TX 76092
Granetta B. Blevins director C/O AMERICAN PUBLIC EDUCATION, INC., 111 WEST CONGRESS STREET, CHARLES TOWN WV 25414
Harry T Wilkins officer: EVP, Strategy, Growth & Innov. 111 W. CONGRESS STREET, CHARLES TOWN WV 25414
Anna M. Fabrega director C/O AMERICAN PUBLIC EDUCATION, INC., 111 WEST CONGRESS STREET, CHARLES TOWN WV 25414
Eric C. Andersen director C/O AMERICAN PUBLIC EDUCATION, INC., 111 W. CONGRESS STREET, CHARLES TOWN WV 25414