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American Public Education (American Public Education) E10 : $0.50 (As of Dec. 2023)


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What is American Public Education E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

American Public Education's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.610. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.50 for the trailing ten years ended in Dec. 2023.

During the past 12 months, American Public Education's average E10 Growth Rate was -53.70% per year. During the past 3 years, the average E10 Growth Rate was -36.00% per year. During the past 5 years, the average E10 Growth Rate was -22.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of American Public Education was 8.20% per year. The lowest was -36.00% per year. And the median was -1.80% per year.

As of today (2024-04-26), American Public Education's current stock price is $13.69. American Public Education's E10 for the quarter that ended in Dec. 2023 was $0.50. American Public Education's Shiller PE Ratio of today is 27.38.

During the past 13 years, the highest Shiller PE Ratio of American Public Education was 28.40. The lowest was 3.77. And the median was 13.43.


American Public Education E10 Historical Data

The historical data trend for American Public Education's E10 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 E10 Chart

American Public Education Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.94 1.91 1.87 1.08 0.50

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
E10 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 1.08 0.97 0.61 0.51 0.50

Competitive Comparison of American Public Education's E10

For the Education & Training Services subindustry, American Public Education's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio Distribution in the Education Industry

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

* The bar in red indicates where American Public Education's Shiller PE Ratio falls into.



American Public Education E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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.

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

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.61/129.4194*129.4194
=0.610

Current CPI (Dec. 2023) = 129.4194.

American Public Education Quarterly Data

per share eps CPI Adj_EPS
201403 0.590 99.695 0.766
201406 0.560 100.560 0.721
201409 0.510 100.428 0.657
201412 0.680 99.070 0.888
201503 0.510 99.621 0.663
201506 0.420 100.684 0.540
201509 0.410 100.392 0.529
201512 0.600 99.792 0.778
201603 0.640 100.470 0.824
201606 0.410 101.688 0.522
201609 0.020 101.861 0.025
201612 0.420 101.863 0.534
201703 0.280 102.862 0.352
201706 0.230 103.349 0.288
201709 0.270 104.136 0.336
201712 0.510 104.011 0.635
201803 0.280 105.290 0.344
201806 0.390 106.317 0.475
201809 0.330 106.507 0.401
201812 0.550 105.998 0.672
201903 0.060 107.251 0.072
201906 0.300 108.070 0.359
201909 -0.100 108.329 -0.119
201912 0.370 108.420 0.442
202003 0.160 108.902 0.190
202006 0.450 108.767 0.535
202009 0.180 109.815 0.212
202012 0.470 109.897 0.553
202103 0.490 111.754 0.567
202106 0.030 114.631 0.034
202109 -0.010 115.734 -0.011
202112 0.500 117.630 0.550
202203 0.280 121.301 0.299
202206 -5.830 125.017 -6.035
202209 -0.200 125.227 -0.207
202212 -0.350 125.222 -0.362
202303 -0.380 127.348 -0.386
202306 -2.940 128.729 -2.956
202309 -0.270 129.860 -0.269
202312 0.610 129.419 0.610

Add all the adjusted EPS together and divide 10 will get our e10.


American Public Education  (NAS:APEI) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

American Public Education's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=13.69/0.5
=27.38

* 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.

During the past 13 years, the highest Shiller P/E Ratio of American Public Education was 28.40. The lowest was 3.77. And the median was 13.43.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


American Public Education E10 Related Terms

Thank you for viewing the detailed overview of American Public Education's E10 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