ASPU (Aspen Group) Cyclically Adjusted PB Ratio: 0.22 (As of Aug. 11, 2026) — 45% Below Median

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ASPU Aspen Group Inc ASPU
42 GF Score
Price $0.30
! 4 Warning Signs
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What is Aspen Group Cyclically Adjusted PB Ratio?

Aspen Group ASPU -6.64% 42 Cyclically Adjusted PB Ratio is 0.22 as of Aug. 11, 2026, which is 45% below its 10-year median of 0.40. GuruFocus rates ASPU with a GF Score™ of 42/100. The stock has 4 warning signs investors should review. Among 160 Education companies, Aspen Group ranks better than 86.25% on this metric.

As of today (2026-08-11), Aspen Group's current share price is $0.30. Aspen Group's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2026 was $1.37. Aspen Group's Cyclically Adjusted PB Ratio for today is 0.22.

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

ASPU' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.04   Med: 0.4   Max: 25.49
Current: 0.24

During the past years, Aspen Group's highest Cyclically Adjusted PB Ratio was 25.49. The lowest was 0.04. And the median was 0.40.

ASPU's Cyclically Adjusted PB Ratio is ranked better than
86.25% of 160 companies
in the Education industry
Industry Median: 1.16 vs ASPU: 0.24

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.

Aspen Group's adjusted book value per share data for the three months ended in Jan. 2026 was $1.089. 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 $1.37 for the trailing ten years ended in Jan. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aspen Group  (OTCPK:ASPU) 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.


Aspen Group Cyclically Adjusted PB Ratio Related Terms


Aspen Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Aspen Group'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.

Aspen Group Cyclically Adjusted PB Ratio Chart

Aspen Group Annual Data
Trend Feb12 Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 16.87 6.95 0.95

Aspen Group Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Jul24 Oct24 Jan25 Jul25 Oct25 Jan26
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 0.00 0.00 0.05 0.07 0.11

ASPU vs VSA, WAFU, AMBO: Cyclically Adjusted PB Ratio Comparison

For the Education & Training Services subindustry, Aspen Group'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.


Aspen Group Cyclically Adjusted PB Ratio vs Education Industry

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

* The bar in red indicates where Aspen Group's Cyclically Adjusted PB Ratio falls into.


ASPU
42GF Score
Aspen Group Inc ASPU
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Aspen Group 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.

Aspen Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.30/1.37
=0.22

* 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.

Aspen Group's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2026 is calculated as:

For example, Aspen Group's adjusted Book Value per Share data for the three months ended in Jan. 2026 was:

Adj_Book=Book Value per Share/CPI of Jan. 2026 (Change)*Current CPI (Jan. 2026)
=1.089/325.2520*325.2520
=1.089

Current CPI (Jan. 2026) = 325.2520.

Aspen Group Quarterly Data

Book Value per Share CPI Adj_Book
201410 0.200 237.433 0.274
201501 0.094 233.707 0.131
201504 0.243 236.599 0.334
201507 0.183 238.654 0.249
201510 0.123 237.838 0.168
201601 0.069 236.916 0.095
201604 0.161 239.261 0.219
201607 0.112 240.628 0.151
201610 0.127 241.729 0.171
201701 0.134 242.839 0.179
201704 0.581 244.524 0.773
201707 0.569 244.786 0.756
201710 0.548 246.663 0.723
201801 1.081 247.867 1.418
201804 1.842 250.546 2.391
201807 1.696 252.006 2.189
201810 1.577 252.885 2.028
201901 1.475 251.712 1.906
201904 1.419 255.548 1.806
201907 1.314 256.571 1.666
201910 1.305 257.346 1.649
202001 1.920 257.971 2.421
202004 1.919 256.389 2.434
202007 1.953 259.101 2.452
202010 2.134 260.388 2.666
202101 2.032 261.582 2.527
202104 1.971 267.054 2.401
202107 1.957 273.003 2.332
202110 1.875 276.589 2.205
202201 1.754 281.148 2.029
202204 1.688 289.109 1.899
202207 1.543 296.276 1.694
202210 1.466 298.012 1.600
202301 1.413 299.170 1.536
202407 0.000 314.540 0.000
202410 0.000 315.664 0.000
202501 0.000 317.671 0.000
202507 1.082 323.048 1.089
202510 1.069 0.000
202601 1.089 325.252 1.089

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.

What does a Cyclically Adjusted PB Ratio of 0.22 mean?
Aspen Group (ASPU) has a Cyclically Adjusted PB Ratio of 0.22 as of Aug. 11, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Aspen Group and its competitors. This is 45% below median its historical median of 0.40. Over the past decade, Aspen Group's Cyclically Adjusted PB Ratio has ranged from 0.04 to 25.49. According to the industry distribution chart, Aspen Group ranks #22 out of 160 companies in the Education industry, placing it in the top 13.7%.
Is Aspen Group's Cyclically Adjusted PB Ratio too high?
Aspen Group's current Cyclically Adjusted PB Ratio of 0.22 is 45% below median its 10-year median of 0.40. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 25.49. The Education industry median Cyclically Adjusted PB Ratio is 1.16. Aspen Group's value of 0.22 is 81% below this industry median. Based on the distribution chart, Aspen Group ranks #22 out of 160 companies in the Education industry, which is in the top quartile — a strong position relative to peers. Overall, Aspen Group has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does Aspen Group's Cyclically Adjusted PB Ratio compare to VSA and WAFU?
According to the Education industry distribution chart, Aspen Group ranks #22 out of 160 companies for Cyclically Adjusted PB Ratio. This places Aspen Group in the top 14% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.16. Aspen Group's value of 0.22 is 81% below this benchmark. Historically, Aspen Group's own Cyclically Adjusted PB Ratio has ranged from 0.04 to 25.49 over the past decade. While the company's 10-year median is 0.40 vs. the industry median of 1.16, Aspen Group has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for an Education company?
The median Cyclically Adjusted PB Ratio among Education companies is 1.16, based on 160 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aspen Group's current Cyclically Adjusted PB Ratio of 0.22 is 81% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Aspen Group and its competitors. For the Education industry, the median Cyclically Adjusted PB Ratio is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aspen Group's current Cyclically Adjusted PB Ratio is 0.22, which is 45% below median its own 10-year median of 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aspen Group stock overvalued right now?
Aspen Group (ASPU) has a current Cyclically Adjusted PB Ratio of 0.22. The current Cyclically Adjusted PB Ratio is 0.22, which is 45% below median its 10-year median of 0.40 and 81% below the Education industry median of 1.16. Aspen Group's overall GF Score™ is 42/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Aspen Group (ASPU), the current Cyclically Adjusted PB Ratio is 0.22 as of Aug. 11, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Aspen Group Business Description

Address 4605 E. Elwood Street, Suite 300 and 400, Phoenix, AZ, USA, 85040
Aspen Group Inc is an education technology holding company that leverages its infrastructure and expertise to allow its two universities, Aspen University and United States University, to offer Associate, Bachelor's, Master's, and Doctoral degree programs that span multiple programs of study with a concentrated focus on nursing. The schools at its universities include; the School of Nursing and Health Sciences; School of Education; and School of Business and Technology. The company offers affordable tuition and flexible financing solutions to students, to deliver on its vision of making college education affordable again.
42GF Score

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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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