American Public Education Inc
American Public Education, Inc., together with its subsidiaries, provides online and campus-based postsecondary education and career learning in the United States. It operates through three segments: American Public University System, Rasmussen University, and Hondros College of Nursing. The company offers 182 degree programs and 136 certificate programs in various fields of study, including nurs… Read more
American Public Education Inc (APEI) - Net Assets
Latest net assets as of September 2025: $279.34 Million USD
Based on the latest financial reports, American Public Education Inc (APEI) has net assets worth $279.34 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($525.30 Million) and total liabilities ($245.96 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $279.34 Million |
| % of Total Assets | 53.18% |
| Annual Growth Rate | N/A |
| 5-Year Change | -0.99% |
| 10-Year Change | 28.14% |
| Growth Volatility | 27.3 |
American Public Education Inc - Net Assets Trend (2003–2024)
This chart illustrates how American Public Education Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for American Public Education Inc (2003–2024)
The table below shows the annual net assets of American Public Education Inc from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $303.88 Million | +4.08% |
| 2023-12-31 | $291.98 Million | -16.51% |
| 2022-12-31 | $349.73 Million | -15.85% |
| 2021-12-31 | $415.61 Million | +35.41% |
| 2020-12-31 | $306.93 Million | +3.43% |
| 2019-12-31 | $296.73 Million | -7.64% |
| 2018-12-31 | $321.27 Million | +11.01% |
| 2017-12-31 | $289.41 Million | +9.35% |
| 2016-12-31 | $264.67 Million | +11.60% |
| 2015-12-31 | $237.15 Million | +1.25% |
| 2014-12-31 | $234.22 Million | +13.11% |
| 2013-12-31 | $207.07 Million | +20.98% |
| 2012-12-31 | $171.15 Million | +27.89% |
| 2011-12-31 | $133.83 Million | +37.55% |
| 2010-12-31 | $97.30 Million | +18.63% |
| 2009-12-31 | $82.02 Million | +53.38% |
| 2008-12-31 | $53.48 Million | +59.59% |
| 2007-12-31 | $33.51 Million | +99.20% |
| 2006-12-31 | $16.82 Million | +15.70% |
| 2005-12-31 | $14.54 Million | +2116.50% |
| 2003-12-31 | $-721.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to American Public Education Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 4180500000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $177.00K | 0.06% |
| Other Comprehensive Income | $-7.00K | 0.00% |
| Other Components | $345.51 Million | 113.70% |
| Total Equity | $303.88 Million | 100.00% |
American Public Education Inc Competitors by Market Cap
The table below lists competitors of American Public Education Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
John B Sanfilippo & Son Inc
NASDAQ:JBSS
|
$676.66 Million |
|
ShenZhen Kondarl Group Co Ltd
SHE:000048
|
$677.04 Million |
|
Yipinhong Pharmaceutical Co Ltd Class A
SHE:300723
|
$677.42 Million |
|
Tsakos Energy Navigation Ltd
NYSE:TEN
|
$677.53 Million |
|
Zehnder
SW:ZEHN
|
$676.09 Million |
|
Red 5 Ltd
AU:RED
|
$675.95 Million |
|
POLA Orbis Holdings Inc
F:8PO
|
$675.68 Million |
|
Bukit Asam Tbk PT
JK:PTBA
|
$675.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in American Public Education Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 291,976,000 to 303,879,000, a change of 11,903,000 (4.1%).
- Net income of 16,113,000 contributed positively to equity growth.
- Dividend payments of 6,056,000 reduced retained earnings.
- Share repurchases of 4,238,000 reduced equity.
- Other comprehensive income decreased equity by 1,651,000.
- Other factors increased equity by 7,735,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $16.11 Million | +5.3% |
| Dividends Paid | $6.06 Million | -1.99% |
| Share Repurchases | $4.24 Million | -1.39% |
| Other Comprehensive Income | $-1.65 Million | -0.54% |
| Other Changes | $7.74 Million | +2.55% |
| Total Change | $- | 4.08% |
Book Value vs Market Value Analysis
This analysis compares American Public Education Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.34x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | $-0.13 | $55.98 | x |
| 2005-12-31 | $1.80 | $55.98 | x |
| 2006-12-31 | $1.38 | $55.98 | x |
| 2007-12-31 | $2.46 | $55.98 | x |
| 2008-12-31 | $2.84 | $55.98 | x |
| 2009-12-31 | $4.34 | $55.98 | x |
| 2010-12-31 | $5.17 | $55.98 | x |
| 2011-12-31 | $7.32 | $55.98 | x |
| 2012-12-31 | $9.49 | $55.98 | x |
| 2013-12-31 | $11.55 | $55.98 | x |
| 2014-12-31 | $13.35 | $55.98 | x |
| 2015-12-31 | $14.12 | $55.98 | x |
| 2016-12-31 | $16.32 | $55.98 | x |
| 2017-12-31 | $17.67 | $55.98 | x |
| 2018-12-31 | $19.31 | $55.98 | x |
| 2019-12-31 | $18.25 | $55.98 | x |
| 2020-12-31 | $20.40 | $55.98 | x |
| 2021-12-31 | $22.77 | $55.98 | x |
| 2022-12-31 | $18.49 | $55.98 | x |
| 2023-12-31 | $16.05 | $55.98 | x |
| 2024-12-31 | $16.74 | $55.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently American Public Education Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.30%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.58%
- • Asset Turnover: 1.10x
- • Equity Multiplier: 1.88x
- Recent ROE (5.30%) is below the historical average (11.21%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 0.00% | 1.22% | 1.44x | 0.00x | $289.10K |
| 2005 | 7.46% | 3.85% | 1.26x | 1.54x | $-368.90K |
| 2006 | 10.69% | 4.49% | 1.39x | 1.71x | $115.90K |
| 2007 | 26.11% | 12.66% | 1.41x | 1.46x | $5.40 Million |
| 2008 | 30.27% | 15.11% | 1.36x | 1.47x | $10.84 Million |
| 2009 | 29.19% | 16.07% | 1.29x | 1.41x | $15.74 Million |
| 2010 | 30.70% | 15.07% | 1.40x | 1.46x | $20.14 Million |
| 2011 | 30.45% | 15.65% | 1.31x | 1.49x | $27.37 Million |
| 2012 | 24.73% | 13.50% | 1.32x | 1.39x | $25.21 Million |
| 2013 | 20.30% | 12.76% | 1.21x | 1.31x | $21.33 Million |
| 2014 | 17.45% | 11.68% | 1.17x | 1.27x | $17.46 Million |
| 2015 | 13.67% | 9.89% | 1.08x | 1.28x | $8.70 Million |
| 2016 | 9.13% | 7.71% | 0.98x | 1.21x | $-2.31 Million |
| 2017 | 7.30% | 7.06% | 0.88x | 1.17x | $-7.82 Million |
| 2018 | 7.98% | 8.61% | 0.80x | 1.15x | $-6.49 Million |
| 2019 | 3.37% | 3.50% | 0.81x | 1.20x | $-19.66 Million |
| 2020 | 6.13% | 5.85% | 0.87x | 1.21x | $-11.87 Million |
| 2021 | 4.27% | 4.24% | 0.58x | 1.75x | $-23.81 Million |
| 2022 | -32.88% | -18.97% | 0.88x | 1.96x | $-149.97 Million |
| 2023 | -16.20% | -7.87% | 1.08x | 1.91x | $-76.48 Million |
| 2024 | 5.30% | 2.58% | 1.10x | 1.88x | $-14.27 Million |
Industry Comparison
This section compares American Public Education Inc's net assets metrics with peer companies in the Education & Training Services industry.
Industry Context
- Industry: Education & Training Services
- Average net assets among peers: $1,291,913,468
- Average return on equity (ROE) among peers: -60.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| American Public Education Inc (APEI) | $279.34 Million | 0.00% | 0.88x | $676.30 Million |
| ATA Creativity Global (AACG) | $50.32 Million | -242.94% | 0.93x | $25.30 Million |
| Afya Ltd (AFYA) | $3.64 Billion | 10.60% | 1.08x | $112.89 Million |
| Alliance International Education Leasing Holdings Limited (ALCIF) | $2.60 Billion | 14.32% | 0.61x | $519.50 Million |
| Ambow Education Holding Ltd (AMBO) | $1.38 Billion | -77.81% | 1.30x | $6.74 Million |
| Argentum 47 Inc (ARGQ) | $-864.76K | 0.00% | 0.00x | $45.77K |
| Asiarim Corporation (ARMC) | $-263.95K | 0.00% | 0.00x | $1.30K |
| Aspen Group Inc (ASPU) | $5.40K | -250.85% | 0.67x | $3.75 Million |
| Adtalem Global Education Inc (ATGE) | $1.54 Billion | 8.70% | 0.30x | $3.32 Billion |
| Bright Scholar Education Holdings Ltd Class A (BEDU) | $2.41 Billion | -4.96% | 1.27x | $57.66 Million |