Grand Canyon Education
Financial ratios & Valuation

Forward Multiples (2025 – 2025)

2025
Price/Earnings ratio
23.58
Price/Sales ratio
7.35
Earnings per Share (EPS)
$8.63

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
19.0614.0318.1320.7519.9817.6716.9714.4318.3819.3120.2519.98
Price/Sales ratio
3.072.373.084.335.415.885.174.193.724.125.735.41
Price/Book Value ratio
4.463.023.484.283.773.172.773.595.325.515.863.77
Price/Cash Flow ratio
12.7210.6012.3313.8422.9914.9514.1311.9915.3716.2516.9316.93
Price/Free Cash Flow ratio
-1.28K-41.54-129.9123.3243.9116.1415.6513.2418.3319.9720.1520.15
Price/Earnings Growth ratio
0.800.831.440.611.721.3913.141.76-5.741.02-6.381.39
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
58.21%57.63%57.27%57.82%50.13%59.65%58.47%57.47%53.49%52.42%-66.23%59.65%
Operating Profit Margin
26.16%27.03%27.16%29.02%30.53%34.05%32.86%31.47%26.06%25.93%36.39%30.53%
Pretax Profit Margin
26.00%26.85%27.03%29.10%33.94%40.77%39.46%36.95%26.34%27.02%36.79%33.94%
Net Profit Margin
16.12%16.88%17.00%20.87%27.08%33.28%30.47%29.03%20.26%21.33%28.29%27.08%
Effective Tax Rate
37.97%37.12%37.10%28.28%20.20%18.37%22.79%21.41%23.09%21.06%23.09%20.20%
Return on Assets
14.74%14.62%13.59%15.59%17.29%15.33%13.94%21.29%22.17%22.03%22.17%17.29%
Return On Equity
23.40%21.53%19.19%20.62%18.87%17.95%16.33%24.91%28.96%28.54%29.05%18.87%
Return on Capital Employed
31.33%29.63%27.40%26.53%20.75%16.62%16.07%25.08%32.39%29.90%32.39%20.75%
Liquidity Ratios
Current Ratio
1.491.171.011.573.842.182.81N/AN/AN/A2.742.18
Quick Ratio
1.080.730.631.173.072.182.906.952.743.472.592.18
Cash ratio
0.360.120.200.641.491.282.076.131.201.501.201.28
Days of Sales Outstanding
4.015.743.984.8622.2226.3129.6129.0432.1230.4343.2922.22
Days of Inventory outstanding
93.5190.6083.0883.9853.380.34-11.280.00N/AN/AN/A0.34
Operating Cycle
97.5396.3587.0788.8575.6126.6618.3329.0432.1230.4310.6726.66
Days of Payables Outstanding
28.7037.8124.2825.8812.3517.2311.6323.2617.2314.1116.8912.35
Cash Conversion Cycle
68.8258.5462.7862.9663.259.426.695.7714.8916.3226.4026.40
Debt Ratios
Debt Ratio
0.110.080.080.050.040.080.060.000.010.010.230.04
Debt Equity Ratio
0.180.130.120.060.040.090.070.000.010.010.300.04
Long-term Debt to Capitalization
0.140.100.070.050.010.060.04N/AN/AN/A0.090.01
Total Debt to Capitalization
0.150.110.110.060.040.090.060.000.010.010.100.04
Interest Coverage Ratio
100.39155.36181.26130.36180.0223.7963.02N/AN/AN/A118.75K180.02
Cash Flow to Debt Ratio
1.922.152.224.573.322.122.6842.1625.5322.102.852.12
Company Equity Multiplier
1.581.471.411.321.091.171.171.171.301.291.301.09
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.240.220.240.310.230.390.360.340.240.250.330.23
Free Cash Flow / Operating Cash Flow Ratio
-0.00-0.25-0.090.590.520.920.900.900.830.810.840.52
Cash Flow Coverage Ratio
1.922.152.224.573.322.122.6842.1625.5322.102.852.12
Short Term Coverage Ratio
24.8923.756.8945.565.458.457.6142.1625.5322.1025.535.45
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A