Latest Ratios: P/E Ratio 19.8x · EV/EBITDA 12.3x · ROE 28.2%. (2006–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.2B | $4.7B | $4.8B | $4.0B | $3.4B | $3.8B | $4.4B | $4.6B | $4.7B | $4.3B | $2.8B |
| Enterprise Value | $4.2B | $4.7B | $4.6B | $3.9B | $3.4B | $3.2B | $4.3B | $4.7B | $4.6B | $4.2B | $2.8B |
| P/E Ratio → | 19.84 | 21.57 | 21.19 | 19.42 | 18.44 | 14.48 | 17.08 | 17.84 | 20.33 | 21.22 | 18.56 |
| P/S Ratio | 3.75 | 4.21 | 4.64 | 4.14 | 3.74 | 4.20 | 5.20 | 5.94 | 5.51 | 4.43 | 3.15 |
| P/B Ratio | 5.74 | 6.24 | 6.12 | 5.54 | 5.34 | 3.61 | 2.79 | 3.20 | 3.84 | 4.38 | 3.56 |
| P/FCF | 17.40 | 19.53 | 18.97 | 20.08 | 18.39 | 13.28 | 15.75 | 16.30 | 44.66 | 23.87 | — |
| P/OCF | 15.18 | 17.04 | 16.54 | 16.34 | 15.43 | 12.03 | 14.22 | 15.09 | 23.38 | 14.16 | 12.62 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.29 | 4.43 | 4.09 | 3.69 | 3.60 | 5.11 | 6.00 | 5.43 | 4.34 | 3.21 |
| EV / EBITDA | 12.34 | 13.82 | 14.68 | 13.99 | 12.52 | 10.33 | 14.06 | 15.99 | 15.64 | 12.56 | 9.92 |
| EV / EBIT | 13.97 | 15.64 | 15.72 | 15.15 | 14.01 | 9.64 | 12.79 | 14.20 | 15.92 | 14.81 | 11.82 |
| EV / FCF | — | 19.90 | 18.12 | 19.84 | 18.16 | 11.38 | 15.48 | 16.46 | 44.08 | 23.39 | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 52.4% | 52.4% | 52.7% | 52.4% | 53.5% | 57.5% | 58.5% | 59.7% | 50.1% | 43.1% | 41.8% |
| Operating Margin | 27.5% | 27.5% | 26.7% | 25.9% | 26.1% | 31.5% | 32.9% | 34.1% | 30.5% | 29.0% | 27.2% |
| Net Profit Margin | 19.5% | 19.5% | 21.9% | 21.3% | 20.3% | 29.0% | 30.5% | 33.3% | 27.1% | 20.9% | 17.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 28.2% | 28.2% | 30.1% | 30.2% | 22.0% | 19.9% | 17.0% | 19.5% | 20.8% | 23.1% | 21.5% |
| ROA | 21.5% | 21.5% | 23.2% | 23.3% | 18.0% | 17.0% | 14.6% | 17.2% | 17.4% | 17.0% | 14.9% |
| ROIC | 32.5% | 32.5% | 33.4% | 29.5% | 32.4% | 21.1% | 13.9% | 15.0% | 18.9% | 24.6% | 23.8% |
| ROCE | 33.9% | 33.9% | 31.6% | 31.8% | 25.6% | 19.8% | 16.7% | 18.7% | 22.4% | 29.3% | 30.1% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.27 | 0.27 | 0.14 | 0.14 | 0.12 | 0.06 | 0.11 | 0.12 | 0.05 | 0.07 | 0.13 |
| Debt / EBITDA | 0.58 | 0.58 | 0.35 | 0.35 | 0.29 | 0.20 | 0.56 | 0.58 | 0.20 | 0.20 | 0.35 |
| Net Debt / Equity | — | 0.12 | -0.28 | -0.07 | -0.07 | -0.52 | -0.05 | 0.03 | -0.05 | -0.09 | 0.07 |
| Net Debt / EBITDA | 0.26 | 0.26 | -0.69 | -0.17 | -0.16 | -1.73 | -0.24 | 0.16 | -0.21 | -0.26 | 0.18 |
| Debt / FCF | — | 0.37 | -0.86 | -0.24 | -0.23 | -1.90 | -0.27 | 0.17 | -0.58 | -0.48 | — |
| Interest Coverage | — | — | 72829.75 | 7869.94 | 120060.50 | 93.00 | 76.68 | 29.07 | 187.85 | 131.72 | 178.80 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.65 | 3.65 | 3.78 | 3.48 | 2.74 | 6.95 | 2.81 | 2.19 | 3.84 | 1.57 | 1.01 |
| Quick Ratio | 3.65 | 3.65 | 3.78 | 3.48 | 2.74 | 6.95 | 2.81 | 2.19 | 3.08 | 1.18 | 0.64 |
| Cash Ratio | 2.73 | 2.73 | 2.93 | 2.52 | 1.82 | 6.14 | 2.16 | 1.51 | 2.35 | 1.02 | 0.48 |
| Asset Turnover | — | 1.11 | 1.01 | 1.03 | 1.09 | 0.73 | 0.46 | 0.46 | 0.64 | 0.75 | 0.80 |
| Inventory Turnover | — | — | — | — | — | — | — | — | 6.84 | 5.87 | 5.99 |
| Days Sales Outstanding | — | 28.60 | 29.48 | 30.44 | 32.12 | 29.04 | 29.62 | 26.31 | 22.23 | 4.87 | 5.94 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.0% | 4.6% | 4.7% | 5.1% | 5.4% | 6.9% | 5.9% | 5.6% | 4.9% | 4.7% | 5.4% |
| FCF Yield | 5.7% | 5.1% | 5.3% | 5.0% | 5.4% | 7.5% | 6.4% | 6.1% | 2.2% | 4.2% | — |
| Buyback Yield | 6.4% | 5.7% | 3.6% | 3.4% | 17.7% | 21.3% | 3.1% | 0.9% | 0.5% | 0.3% | 0.7% |
| Total Shareholder Yield | 6.4% | 5.7% | 3.6% | 3.4% | 17.7% | 21.3% | 3.1% | 0.9% | 0.5% | 0.3% | 0.7% |
| Shares Outstanding | — | $28M | $29M | $30M | $32M | $44M | $47M | $48M | $48M | $48M | $47M |
Regulatory and MSA concentration
According to current market data, LOPE trades at a forward P/E of 14.42, which appears to discount the firm's superior profitability relative to peers like Universal Technical, suggesting investors remain wary of the regulatory headwinds and the structural concentration risk inherent in the GCU partnership model.
The current valuation multiple suggests the market is pricing in a lower growth trajectory than the company's historical performance might otherwise justify. Investors should monitor whether this discount persists as a permanent risk premium or if it represents a mispricing of the Orbis Education growth engine.
Based on reported figures, LOPE's ROIC has fluctuated between 5.0% and 12.8% over the last ten quarters, indicating that while the company is a strong compounder during peak academic cycles, its returns are highly sensitive to the seasonal nature of its service-based revenue recognition model.
The variability in ROIC suggests that the company's ability to generate returns is tethered to the timing of student enrollments rather than purely operational efficiency. This trend warrants further investigation into whether the Orbis segment can provide a more consistent return profile to smooth out these cyclical swings.
As reported in financial statements, LOPE's DSO has remained relatively stable between 28 and 36 days, reflecting a consistent collection cycle from its primary partner, though the lack of inventory data highlights the company's reliance on intangible service delivery rather than physical goods for revenue generation.
The efficiency of the cash conversion cycle is heavily influenced by the timing of tuition remittances from GCU. While the current DSO levels appear manageable, any disruption in the partner's ability to process student payments could lead to liquidity pressure that is not currently visible in the headline figures.
Based on an analysis of the peer group, LOPE maintains a higher profitability profile than 2U, Inc., with operating margins frequently exceeding 30%, which suggests that its integrated MSA model provides a structural advantage that fragmented OPM providers struggle to replicate in the current regulatory environment.
The gap between LOPE and its peers appears structural, rooted in the deep integration with its primary university partner. However, investors should monitor whether this lead is sustainable if regulatory scrutiny regarding revenue-sharing agreements intensifies across the broader education services sector.
According to institutional research standards, the P/E ratio is frequently misapplied to LOPE because it fails to account for the significant seasonal volatility in earnings, which can lead to distorted valuation conclusions when comparing the company to more stable, non-cyclical service providers in the broader market.
Analysts should instead focus on normalized free cash flow or EV/EBITDA to better capture the underlying earning power of the business. Relying solely on P/E may lead to an inaccurate assessment of the company's true valuation during the lower-revenue quarters of the academic cycle.
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Quick answers to the most common questions about buying LOPE stock.
Grand Canyon Education, Inc.'s current P/E ratio is 19.8x. The historical average is 24.7x. This places it at the 56th percentile of its historical range.
Grand Canyon Education, Inc.'s current EV/EBITDA is 12.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.3x.
Grand Canyon Education, Inc.'s return on equity (ROE) is 28.2%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 27.4%.
Based on historical data, Grand Canyon Education, Inc. is trading at a P/E of 19.8x. This is at the 56th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Grand Canyon Education, Inc. has 52.4% gross margin and 27.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Grand Canyon Education, Inc.'s Debt/EBITDA ratio is 0.6x, indicating low leverage. A ratio below 2x is generally considered financially healthy.