Latest Ratios: P/E Ratio 14.5x · EV/EBITDA 9.2x · ROE 16.6%. (1997–2025 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 | $2.2B | $1.9B | $1.8B | $1.2B | $960M | $834M | $900M | $1.3B | $816M | $833M | $690M |
| Enterprise Value | $2.2B | $1.9B | $1.8B | $1.1B | $884M | $559M | $848M | $1.3B | $784M | $815M | $640M |
| P/E Ratio → | 14.53 | 12.12 | 12.09 | 8.06 | 10.00 | 7.59 | 7.26 | 18.96 | 14.83 | — | — |
| P/S Ratio | 2.61 | 2.29 | 2.61 | 1.68 | 1.38 | 1.20 | 1.31 | 2.11 | 1.40 | 1.40 | 0.98 |
| P/B Ratio | 2.39 | 2.00 | 1.85 | 1.42 | 1.32 | 1.28 | 1.62 | 3.07 | 2.30 | 2.81 | 2.15 |
| P/FCF | 10.18 | 8.96 | 11.34 | 11.28 | 7.08 | 4.61 | 5.29 | 19.52 | 16.24 | — | 386.92 |
| P/OCF | 9.79 | 8.61 | 11.01 | 10.63 | 6.48 | 4.36 | 5.00 | 18.14 | 14.32 | — | 116.69 |
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 | — | 2.26 | 2.65 | 1.55 | 1.27 | 0.81 | 1.23 | 2.06 | 1.35 | 1.37 | 0.91 |
| EV / EBITDA | 9.16 | 8.05 | 9.54 | 6.57 | 5.92 | 3.37 | 5.37 | 13.52 | 9.72 | 16.93 | — |
| EV / EBIT | 11.11 | 8.57 | 8.92 | 5.71 | 6.56 | 3.72 | 5.77 | 13.87 | 11.00 | 23.87 | — |
| EV / FCF | — | 8.83 | 11.48 | 10.42 | 6.52 | 3.09 | 4.98 | 19.04 | 15.60 | — | 359.16 |
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 | 71.7% | 71.7% | 82.3% | 81.6% | 83.2% | 84.3% | 83.7% | 83.8% | 81.1% | 76.0% | 66.6% |
| Operating Margin | 23.2% | 23.2% | 25.6% | 21.2% | 18.6% | 21.5% | 20.8% | 13.8% | 12.3% | 5.7% | -4.6% |
| Net Profit Margin | 18.9% | 18.9% | 21.7% | 20.8% | 13.8% | 15.8% | 18.1% | 11.1% | 9.5% | -5.3% | -2.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 16.6% | 16.6% | 16.4% | 18.8% | 13.9% | 18.2% | 25.2% | 17.8% | 16.9% | -10.3% | -5.7% |
| ROA | 12.7% | 12.7% | 13.2% | 15.0% | 10.6% | 14.0% | 18.8% | 12.9% | 11.9% | -6.3% | -3.2% |
| ROIC | 15.3% | 15.3% | 15.1% | 16.1% | 19.0% | 25.4% | 23.8% | 18.0% | 17.8% | 9.3% | -8.4% |
| ROCE | 17.5% | 17.5% | 17.4% | 17.8% | 17.3% | 22.5% | 25.7% | 19.6% | 19.8% | 9.4% | -8.0% |
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 | 0.11 | 0.11 | 0.14 | 0.03 | 0.05 | 0.07 | 0.10 | 0.18 | — | — | — |
| Debt / EBITDA | 0.44 | 0.44 | 0.70 | 0.16 | 0.23 | 0.27 | 0.34 | 0.79 | — | — | — |
| Net Debt / Equity | — | -0.03 | 0.02 | -0.11 | -0.10 | -0.42 | -0.09 | -0.08 | -0.09 | -0.06 | -0.15 |
| Net Debt / EBITDA | -0.11 | -0.11 | 0.12 | -0.54 | -0.51 | -1.66 | -0.33 | -0.34 | -0.40 | -0.38 | — |
| Debt / FCF | — | -0.13 | 0.14 | -0.86 | -0.56 | -1.52 | -0.31 | -0.48 | -0.64 | — | -27.77 |
| Interest Coverage | 34.54 | 34.54 | 329.61 | 476.55 | 336.67 | 163.03 | 880.22 | 558.02 | 104.70 | 75.69 | -52.71 |
Net cash position: cash ($132M) exceeds total debt ($105M)
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 | 5.06 | 5.06 | 4.84 | 5.90 | 3.52 | 3.95 | 4.50 | 3.47 | 2.78 | 1.87 | 1.47 |
| Quick Ratio | 5.03 | 5.03 | 4.82 | 5.85 | 3.51 | 3.95 | 4.49 | 3.47 | 2.77 | 1.86 | 1.46 |
| Cash Ratio | 4.67 | 4.67 | 4.30 | 5.43 | 3.11 | 3.52 | 3.91 | 2.83 | 2.36 | 1.55 | 1.17 |
| Asset Turnover | — | 0.67 | 0.55 | 0.70 | 0.73 | 0.82 | 0.95 | 1.05 | 1.20 | 1.33 | 1.26 |
| Inventory Turnover | 59.07 | 59.07 | 35.67 | 26.04 | 61.30 | 120.29 | 187.53 | 176.99 | 144.03 | 128.91 | 125.86 |
| Days Sales Outstanding | — | 13.91 | 15.07 | 17.45 | 24.16 | 23.56 | 25.25 | 32.80 | 19.66 | 12.26 | 12.31 |
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 | 1.6% | 1.9% | 1.8% | 1.2% | — | — | — | — | — | — | — |
| Payout Ratio | 23.0% | 23.0% | 21.5% | 9.8% | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.9% | 8.3% | 8.3% | 12.4% | 10.0% | 13.2% | 13.8% | 5.3% | 6.7% | — | — |
| FCF Yield | 9.8% | 11.2% | 8.8% | 8.9% | 14.1% | 21.7% | 18.9% | 5.1% | 6.2% | — | 0.3% |
| Buyback Yield | 5.5% | 6.2% | 0.4% | 0.7% | 2.4% | 3.0% | 2.0% | 0.3% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 7.1% | 8.1% | 2.2% | 1.9% | 2.4% | 3.0% | 2.0% | 0.3% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $66M | $67M | $68M | $69M | $71M | $71M | $72M | $71M | $69M | $68M |
Regulatory Title IV dependency
Based on current market data, PRDO trades at a 13.77x TTM P/E, which appears to discount the company's 24.20% revenue growth rate and suggests that investors are applying a persistent regulatory risk premium compared to broader consumer defensive peers with more stable, non-government-dependent revenue streams.
The forward P/E of 11.41 implies a conservative market outlook that may be underestimating the scalability of the company's digital-first model. While the PEG ratio of 2.02 indicates a premium relative to near-term growth, this valuation may be more reflective of historical legal challenges rather than the current, more stable operational reality.
According to recent quarterly reports, PRDO's ROIC has trended toward 8.2% in 2026Q1, demonstrating a meaningful improvement from the 1.7% low in 2023Q4, which suggests that the company is successfully leveraging its proprietary adaptive learning technology to generate higher returns on its invested capital base.
The upward trajectory in ROIC highlights the effectiveness of the company's asset-light strategy, as it avoids the capital-intensive requirements of physical campus expansion. Investors should monitor whether this return profile can be sustained as the company potentially deploys its $132.28 million cash balance into new growth initiatives.
As reported in financial statements, the company's cash conversion cycle has fluctuated significantly, reaching -6 days in 2026Q1, which indicates that Perdoceo effectively utilizes its ability to collect tuition upfront to fund operations before the associated costs of instruction are fully realized.
The negative CCC is a hallmark of a well-managed for-profit education model, providing a structural liquidity advantage. However, the variability in DSO and DPO suggests that timing differences in federal aid disbursements can create temporary working capital swings that require careful management of cash reserves.
Based on the provided balance sheet data, PRDO maintains a negligible debt-to-equity ratio of 0.06 as of 2026Q1, which provides a significant buffer against sector-specific volatility and positions the company to navigate potential regulatory shifts without the burden of interest expense or restrictive debt covenants.
The company's interest coverage ratio, which has remained well above 30x in recent periods, confirms that debt service is not a material risk to the business. This financial strength allows management to prioritize share repurchases and strategic investments, effectively insulating the firm from the rising cost of capital.
Investors frequently misapply the Price-to-Book ratio to Perdoceo, which, at 2.27, obscures the company's true value by ignoring the intangible nature of its proprietary 'intellipath' technology and the high-margin, recurring revenue streams that are not captured by traditional accounting measures of physical asset value.
Because the company's primary assets are digital and human-capital-based rather than physical, P/B is a poor proxy for intrinsic value. A more appropriate metric for this business model would be EV/EBITDA or P/FCF, which better account for the company's ability to generate cash without significant ongoing capital expenditure.
Includes 30+ ratios · 29 years · Updated daily
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Quick answers to the most common questions about buying PRDO stock.
Perdoceo Education Corporation's current P/E ratio is 14.5x. The historical average is 27.4x. This places it at the 36th percentile of its historical range.
Perdoceo Education Corporation's current EV/EBITDA is 9.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.8x.
Perdoceo Education Corporation's return on equity (ROE) is 16.6%. The historical average is 7.5%.
Based on historical data, Perdoceo Education Corporation is trading at a P/E of 14.5x. This is at the 36th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Perdoceo Education Corporation's current dividend yield is 1.58% with a payout ratio of 23.0%.
Perdoceo Education Corporation has 71.7% gross margin and 23.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Perdoceo Education Corporation's Debt/EBITDA ratio is 0.4x, indicating low leverage. A ratio below 2x is generally considered financially healthy.