Grand Canyon Education, Inc. (LOPE) Key Metrics
LOPE valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $4.21B
- Enterprise value
- $3.76B
- P/E (TTM)
- 19.6 10-yr median 19.0
- Forward P/E
- 13.3
- PEG ratio
- 0.89
- Price / sales
- 3.7 10-yr median 4.3
- Price / book
- 5.9 10-yr median 4.1
- EV / EBITDA
- 10.5 10-yr median 12.6
- Dividend yield
- —
- Beta
- 0.58
LOPE key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsLOPE valuation Price multiples at each fiscal year-end price.
LOPE returns How much profit the business earns on the capital it uses.
LOPE per-share figures Results divided by the shares outstanding at year-end.
LOPE financial health Debt, liquidity and how easily interest is covered.
LOPE efficiency & capital use Working capital cycle and where the cash goes.
LOPE valuation history
LOPE returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
LOPE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
LOPE cash returned to shareholders
LOPE price vs earnings per share
LOPE key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $4.66B | $4.79B | $3.98B | $3.41B | $3.77B | $4.39B | $4.62B | $4.65B | $4.32B | $2.75B |
| Enterprise value | $4.56B | $4.58B | $3.84B | $3.30B | $3.23B | $4.31B | $4.65B | $4.53B | $4.14B | $2.74B |
| P/E ratio | 21.6 | 21.2 | 19.4 | 18.4 | 14.5 | 17.1 | 17.8 | 20.3 | 21.2 | 18.5 |
| Price / sales | 4.2 | 4.6 | 4.1 | 3.7 | 4.2 | 5.2 | 5.9 | 5.5 | 4.4 | 3.2 |
| Price / book | 6.2 | 6.1 | 5.5 | 5.3 | 3.6 | 2.8 | 3.2 | 3.8 | 4.4 | 3.6 |
| Price / free cash flow | 19.5 | 19.0 | 20.1 | 18.4 | 13.3 | 15.7 | 16.3 | 44.7 | 23.9 | — |
| Price / operating cash flow | 17.0 | 16.5 | 16.3 | 15.4 | 12.0 | 14.2 | 15.1 | 23.4 | 14.2 | 12.6 |
| EV / sales | 4.1 | 4.4 | 4.0 | 3.6 | 3.6 | 5.1 | 6.0 | 5.4 | 4.3 | 3.1 |
| EV / EBITDA | 14.3 | 14.0 | 13.1 | 12.2 | 8.8 | 11.7 | 13.1 | 14.0 | 12.2 | 9.7 |
| EV / free cash flow | 19.1 | 18.1 | 19.3 | 17.8 | 11.4 | 15.4 | 16.4 | 43.4 | 22.9 | — |
| Earnings yield | 4.6% | 4.7% | 5.1% | 5.4% | 6.9% | 5.9% | 5.6% | 4.9% | 4.7% | 5.4% |
| Free cash flow yield | 5.1% | 5.3% | 5.0% | 5.4% | 7.5% | 6.4% | 6.1% | 2.2% | 4.2% | −0.8% |
| Dividend yield | — | — | — | — | 0.1% | 0.0% | 0.1% | — | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 5.7% | 3.6% | 3.4% | 17.7% | 21.4% | 3.1% | 1.0% | 0.5% | 0.3% | 0.7% |
| Share price at fiscal year-end | $166.31 | $163.80 | $132.04 | $105.66 | $85.71 | $93.11 | $95.79 | $96.14 | $89.53 | $58.45 |
| Per share | ||||||||||
| Revenue per share | $39.47 | $35.29 | $31.87 | $28.27 | $20.40 | $17.90 | $16.13 | $17.46 | $20.20 | $18.53 |
| Earnings per share | $7.71 | $7.73 | $6.80 | $5.73 | $5.92 | $5.45 | $5.37 | $4.73 | $4.22 | $3.15 |
| Operating cash flow per share | $9.76 | $9.91 | $8.08 | $6.85 | $7.12 | $6.55 | $6.35 | $4.11 | $6.32 | $4.63 |
| Free cash flow per share | $8.51 | $8.63 | $6.58 | $5.74 | $6.45 | $5.91 | $5.88 | $2.15 | $3.75 | −$0.44 |
| Cash per share | $10.71 | $11.09 | $8.11 | $5.64 | $13.67 | $5.44 | $2.98 | $3.91 | $5.03 | $2.30 |
| Book value per share | $26.65 | $26.78 | $23.82 | $19.78 | $23.77 | $33.38 | $29.91 | $25.07 | $20.44 | $16.42 |
| Tangible book value per share | $15.51 | $15.82 | $12.90 | $9.31 | $15.90 | $25.87 | $22.39 | $25.01 | $20.32 | $16.29 |
| Dividends per share | — | — | — | — | $0.06 | $0.02 | $0.08 | — | $0.00 | $0.00 |
| Capex per share | $1.25 | $1.27 | $1.51 | $1.11 | $0.67 | $0.63 | $0.47 | $1.96 | $2.57 | $5.07 |
| Debt per share | $7.14 | $3.71 | $3.29 | $2.40 | $1.39 | $3.64 | $3.51 | $1.24 | $1.38 | $2.09 |
| Shares outstanding | 28.0M | 29.3M | 30.1M | 32.2M | 44.0M | 47.2M | 48.3M | 48.4M | 48.2M | 47.1M |
| Change in shares outstanding | −4.3% | −2.9% | −6.5% | −26.7% | −6.8% | −2.3% | −0.3% | +0.4% | +2.4% | −0.3% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 28.2% | 30.1% | 30.2% | 22.0% | 19.9% | 17.0% | 19.5% | 20.8% | 23.1% | 21.5% |
| Return on invested capital (ROIC) | 38.6% | 37.5% | 35.6% | 35.2% | 22.2% | 14.5% | 17.0% | 21.8% | 25.8% | 22.1% |
| Return on assets (ROA) | 21.5% | 23.2% | 23.3% | 18.0% | 17.0% | 14.6% | 17.2% | 17.4% | 17.0% | 14.9% |
| Return on tangible assets | 31.8% | 32.4% | 34.1% | 37.3% | 29.7% | 17.3% | 19.5% | 17.3% | 15.7% | 13.7% |
| Free cash flow margin | 21.6% | 24.5% | 20.6% | 20.3% | 31.6% | 33.0% | 36.4% | 12.3% | 18.6% | −2.4% |
| Income quality (OCF / net income) | 1.27 | 1.28 | 1.19 | 1.20 | 1.20 | 1.20 | 1.18 | 0.87 | 1.50 | 1.47 |
| Financial health | ||||||||||
| Total debt | $200.1M | $108.5M | $99.3M | $77.4M | $61.2M | $171.8M | $169.5M | $59.9M | $66.6M | $98.3M |
| Cash & short-term investments | $300.1M | $324.6M | $244.5M | $181.7M | $600.9M | $256.6M | $143.9M | $189.3M | $242.7M | $108.6M |
| Net debt | −$100.0M | −$216.1M | −$145.2M | −$104.3M | −$539.8M | −$84.8M | $25.6M | −$129.4M | −$176.1M | −$10.3M |
| Debt / equity | 0.27 | 0.14 | 0.14 | 0.12 | 0.06 | 0.11 | 0.12 | 0.05 | 0.07 | 0.13 |
| Debt / assets | 0.20 | 0.11 | 0.11 | 0.09 | 0.05 | 0.09 | 0.10 | 0.05 | 0.05 | 0.09 |
| Net debt / EBITDA | −0.31 | −0.66 | −0.50 | −0.38 | −1.48 | −0.23 | 0.07 | −0.40 | −0.52 | −0.04 |
| Current ratio | 3.65 | 3.78 | 3.48 | 2.74 | 6.95 | 2.81 | 2.19 | 3.84 | 1.57 | 1.01 |
| Quick ratio | 3.65 | 3.78 | 3.48 | 2.74 | 6.95 | 2.90 | 2.18 | 3.08 | 1.18 | 0.64 |
| Interest coverage | — | — | — | — | 78.4 | 63.0 | 23.4 | 168.1 | 130.4 | 178.6 |
| Working capital | $290.4M | $309.0M | $240.5M | $173.6M | $583.1M | $215.0M | $113.1M | $228.9M | $136.7M | $3.3M |
| Invested capital | $646.9M | $567.7M | $572.8M | $533.4M | $505.3M | $1.49B | $1.47B | $1.08B | $809.8M | $763.4M |
| Tangible asset value | $434.6M | $463.1M | $388.9M | $300.1M | $699.1M | $1.22B | $1.08B | $1.21B | $980.1M | $767.8M |
| Net current asset value | $154.8M | $185.4M | $125.1M | $78.1M | $503.3M | $63.5M | −$38.5M | $199.0M | $57.2M | −$88.7M |
| Graham number | $68.01 | $68.24 | $60.36 | $50.49 | $56.29 | $64.00 | $60.11 | $51.65 | $44.03 | $34.12 |
| Graham net-net per share | $4.27 | $5.21 | $3.06 | $1.45 | $10.85 | $0.69 | −$1.26 | $3.06 | −$0.37 | −$3.33 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | $2.7M | $883,000 | $3.8M | — | $0 | $0 |
| Share buybacks (net) | $264.8M | $173.2M | $137.1M | $604.2M | $803.8M | $134.0M | $43.9M | $24.8M | $11.3M | $20.1M |
| Dividend payout ratio | — | — | — | — | 1.0% | 0.3% | 1.5% | — | 0.0% | 0.0% |
| Dividends + buybacks / free cash flow | 111.0% | 68.5% | 69.2% | 326.3% | 284.3% | 48.4% | 16.8% | 23.8% | 6.2% | — |
| Capex / revenue | 3.2% | 3.6% | 4.7% | 3.9% | 3.3% | 3.5% | 2.9% | 11.2% | 12.7% | 27.4% |
| Capex / operating cash flow | 12.8% | 12.8% | 18.6% | 16.1% | 9.4% | 9.7% | 7.4% | 47.6% | 40.7% | 109.5% |
| Capex / depreciation | 0.87 | 1.02 | 1.42 | 1.14 | 0.97 | 1.01 | 0.84 | 2.66 | 2.29 | 5.23 |
| Stock-based compensation / revenue | 1.2% | 1.4% | 1.4% | 1.4% | 1.3% | 1.3% | 1.3% | 2.3% | 1.3% | 1.4% |
| SG&A / revenue | 25.0% | 25.0% | 25.6% | 26.5% | 25.1% | 24.6% | 24.0% | 17.4% | 17.7% | 18.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 28.1 | 28.9 | 30.5 | 30.3 | 28.5 | 26.9 | 25.2 | 13.9 | 5.1 | 5.5 |
| Days of inventory on hand | — | — | 0.0 | — | -5.2 | -5.5 | 36.0 | 67.6 | 59.1 | 59.9 |
| Days payables outstanding | 18.0 | 16.6 | 15.0 | 19.1 | 19.6 | 16.4 | 16.9 | 18.8 | 17.8 | 21.2 |
| Cash conversion cycle (days) | 10.1 | 12.3 | 15.4 | 11.3 | 3.7 | 5.1 | 44.3 | 62.7 | 46.4 | 44.2 |
| Receivables turnover | 13.00 | 12.63 | 11.99 | 12.03 | 12.82 | 13.55 | 14.47 | 26.22 | 71.58 | 65.98 |
| Payables turnover | 20.28 | 22.01 | 24.27 | 19.13 | 18.65 | 22.31 | 21.58 | 19.42 | 20.55 | 17.24 |
| Inventory turnover | — | — | 457,189,000.00 | — | — | — | 10.14 | 5.40 | 6.18 | 6.10 |
| Asset turnover | 1.10 | 1.06 | 1.09 | 0.89 | 0.58 | 0.48 | 0.52 | 0.64 | 0.81 | 0.88 |
| Average receivables | $85.1M | $81.8M | $80.2M | $75.8M | $69.9M | $62.3M | $53.8M | $32.2M | $13.6M | $13.2M |
| Average payables | $25.5M | $22.2M | $18.8M | $22.2M | $20.4M | $15.7M | $14.6M | $21.7M | $27.0M | $29.5M |
| Average inventory | — | — | $1 | — | −$5.4M | −$5.3M | $31.0M | $78.1M | $89.7M | $83.4M |
| Intangibles / total assets | 31.5% | 31.5% | 35.4% | 40.5% | 28.3% | 19.2% | 21.5% | 0.2% | 0.5% | 0.5% |
Computed from LOPE's annual financial statements (latest annual report filed February 18, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
LOPE valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Grand Canyon Education traded at 21.6 times earnings, against a 10-year median of 19.0. Based on the latest twelve months, the trailing P/E is 19.6 and the forward P/E is 13.3. Grand Canyon Education earned a return on equity of 28.2% and a return on invested capital of 38.6% in fiscal 2025. It ended the year with $200.1 million of debt and $300.1 million in cash and short-term investments, a net cash position of $100.0 million. It returned $264.8 million to shareholders: $0 in dividends and $264.8 million in share buybacks, 111% of free cash flow. The share count fell 40.5% from 47.1M to 28.0M over 9 years.
See the LOPE income statement, the LOPE chart for price history, or the LOPE stock overview for the latest quote and news.
LOPE key metrics FAQ
What is Grand Canyon Education's P/E ratio?
Grand Canyon Education's trailing P/E ratio is 19.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 13.3. At the end of fiscal 2025 it was 21.6, compared with a 10-year median of 19.0.
What is Grand Canyon Education's EV/EBITDA?
Grand Canyon Education's enterprise value was 14.3 times EBITDA at the end of fiscal 2025 (enterprise value $4.6 billion, EBITDA $319.8 million); the current EV/EBITDA is 10.5.
What is Grand Canyon Education's return on equity?
Grand Canyon Education's return on equity (ROE) was 28.2% in fiscal 2025: net income of $216.2 million on average shareholders' equity of $765.4 million.
What is Grand Canyon Education's ROIC?
Grand Canyon Education's return on invested capital was 38.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Grand Canyon Education have?
Grand Canyon Education had total debt of $200.1 million at the end of fiscal 2025, a debt-to-equity ratio of 0.27 and more cash than debt.
Does Grand Canyon Education buy back its shares?
Yes. Grand Canyon Education spent $264.8 million on net share repurchases in fiscal 2025 Shares outstanding changed −4.3% over the year, to 28.0M..
What is Grand Canyon Education's free cash flow yield?
Grand Canyon Education generated $238.6 million of free cash flow in fiscal 2025, a free cash flow yield of 5.1% on its market value at year-end ($4.7 billion).
What is Grand Canyon Education's current ratio?
Grand Canyon Education's current ratio was 3.65 at the end of fiscal 2025: current assets were 3.65 times current liabilities.