Is American Public Education, Inc. overvalued or undervalued?

As of 21 November 2025, the valuation grade for American Public Education, Inc. moved from fair to attractive, indicating a positive shift in its valuation outlook. The company appears to be undervalued, supported by a P/E ratio of 19, an EV to EBITDA of 6.84, and a Price to Book Value of 1.64. In comparison to peers, American Public Education has a P/E ratio of 19.55, which is lower than Despegar.com Corp.'s 51.86, but higher than Carriage Services, Inc.'s 26.47, suggesting it is competitively priced within its sector.
The company's recent performance also reinforces this valuation perspective, as it has returned 61.34% year-to-date, significantly outperforming the S&P 500's 12.26% during the same period. Over the past year, it achieved a remarkable 77.46% return compared to the S&P 500's 11.00%, further highlighting its strong market position.