American Public Education Inc (APEI) - Net Assets
Based on the latest financial reports, American Public Education Inc (APEI) has net assets worth $306.17 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($537.91 Million) and total liabilities ($231.75 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. Check how tangible is American Public Education Inc's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $306.17 Million |
| % of Total Assets | 56.92% |
| Annual Growth Rate | N/A |
| 5-Year Change | -29.07% |
| 10-Year Change | 11.38% |
| Growth Volatility | 27.08 |
American Public Education Inc - Net Assets Trend (2003–2025)
This chart illustrates how American Public Education Inc's net assets have evolved over time, based on quarterly financial data. See APEI defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for American Public Education Inc (2003–2025)
The table below shows the annual net assets of American Public Education Inc from 2003 to 2025. For live valuation and market cap data, see American Public Education Inc market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $294.78 Million | -2.99% |
| 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 1650000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $181.00K | 0.06% |
| Other Comprehensive Income | $-18.00K | -0.01% |
| Other Components | $311.12 Million | 105.54% |
| Total Equity | $294.78 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 |
|---|---|
|
Jupiter Life Line Hospitals Limited
NSE:JLHL
|
$952.21 Million |
|
Elemental Royalty Corporation Common Stock
NASDAQ:ELE
|
$952.23 Million |
|
Jiangsu Maixinlin Aviation Science & Technology Corp. A
SHG:688685
|
$952.39 Million |
|
Joyoung Co Ltd
SHE:002242
|
$952.40 Million |
|
Hengkang Medical Group Co Ltd
SHE:002219
|
$951.71 Million |
|
Unilumin Group Co Ltd
SHE:300232
|
$951.58 Million |
|
Beijing Water Business Doctor
SHE:300055
|
$951.38 Million |
|
Uniphar Group PLC
IR:UPR
|
$951.34 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 2024 to 2025, total equity changed from 303,879,000 to 294,782,000, a change of -9,097,000 (-3.0%).
- Net income of 31,557,000 contributed positively to equity growth.
- Dividend payments of 2,751,000 reduced retained earnings.
- Share repurchases of 47,454,000 reduced equity.
- Other comprehensive income decreased equity by 11,000.
- Other factors increased equity by 9,562,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $31.56 Million | +10.71% |
| Dividends Paid | $2.75 Million | -0.93% |
| Share Repurchases | $47.45 Million | -16.1% |
| Other Comprehensive Income | $-11.00K | -0.0% |
| Other Changes | $9.56 Million | +3.24% |
| Total Change | $- | -2.99% |
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: 3.28x
- 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 | $51.89 | x |
| 2005-12-31 | $1.80 | $51.89 | x |
| 2006-12-31 | $1.38 | $51.89 | x |
| 2007-12-31 | $2.46 | $51.89 | x |
| 2008-12-31 | $2.84 | $51.89 | x |
| 2009-12-31 | $4.34 | $51.89 | x |
| 2010-12-31 | $5.17 | $51.89 | x |
| 2011-12-31 | $7.32 | $51.89 | x |
| 2012-12-31 | $9.49 | $51.89 | x |
| 2013-12-31 | $11.55 | $51.89 | x |
| 2014-12-31 | $13.35 | $51.89 | x |
| 2015-12-31 | $14.12 | $51.89 | x |
| 2016-12-31 | $16.32 | $51.89 | x |
| 2017-12-31 | $17.67 | $51.89 | x |
| 2018-12-31 | $19.31 | $51.89 | x |
| 2019-12-31 | $18.25 | $51.89 | x |
| 2020-12-31 | $20.40 | $51.89 | x |
| 2021-12-31 | $22.77 | $51.89 | x |
| 2022-12-31 | $18.49 | $51.89 | x |
| 2023-12-31 | $16.05 | $51.89 | x |
| 2024-12-31 | $16.74 | $51.89 | x |
| 2025-12-31 | $15.80 | $51.89 | 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): 10.71%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.86%
- • Asset Turnover: 1.19x
- • Equity Multiplier: 1.84x
- Recent ROE (10.71%) is below the historical average (11.19%), 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 |
| 2025 | 10.71% | 4.86% | 1.19x | 1.84x | $2.08 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: $519,875,123
- Average return on equity (ROE) among peers: -32.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| American Public Education Inc (APEI) | $306.17 Million | 0.00% | 0.76x | $951.84 Million |
| ATA Creativity Global (AACG) | $79.65 Million | -45.32% | 4.74x | $30.18 Million |
| Afya Ltd (AFYA) | $2.11 Billion | 7.28% | 0.38x | $741.36 Million |
| Ambow Education Holding Ltd (AMBO) | $21.61 Million | -290.26% | 6.44x | $6.45 Million |
| Adtalem Global Education Inc (ATGE) | $38.00 Million | 39.21% | 2.33x | $3.40 Billion |
| Bright Scholar Education Holdings Ltd Class A (BEDU) | $1.42 Billion | 12.12% | 0.89x | $17.48 Million |
| Chegg Inc (CHGG) | $410.63 Million | -3.63% | 0.85x | $125.39 Million |
| China Liberal Education Holdings (CLEU) | $62.48 Million | -2.70% | 0.66x | $336.66K |
| 51Talk Online Education Group (COE) | $-102.38 Million | 0.00% | 0.00x | $113.01 Million |
| Coursera Inc (COUR) | $635.70 Million | -8.02% | 0.57x | $1.53 Billion |
About American Public Education Inc
American Public Education, Inc., together with its subsidiaries, provides online and campus-based postsecondary education services in the United States. It operates through three segments: American Public University System, Rasmussen University, and Hondros College of Nursing. The company offers 181 degree programs, 110 certificate programs, and four diploma programs in various fields of study, i… Read more