Company	Price	Valuation					Profitability					Cash & leverage					Quality				Rating
		P/E	P/B	P/S	EV / EBITDA	DCF upside	Gross margin	Operating margin	Net margin	ROE	ROIC	FCF yield	Debt / equity	Net debt / EBITDA	Interest coverage	Current ratio	Dividend yield	Piotroski (0-9)	Altman Z	Rating score (1-5)
LINCthis companyLincoln Educational Services Corporation	$21.95	37.15×	3.74×	1.44×	18.33×	-213.3%	60.4%	5.8%	3.9%	10.0%	5.7%	-3.7%	1.02×	3.48×	8.81×	0.86×	0.0%	6	2.72	2	C
APEIAmerican Public Education, Inc.	$38.15	27×	2.31×	1.05×	10.41×	-105.0%	51.7%	8.3%	4.9%	10.7%	8.1%	6.8%	0.55×	-0.21×	12.73×	3.46×	0.4%	8	4.15	3	B+
LAURLaureate Education, Inc.	$34.51	17.63×	4.19×	2.92×	10.23×	55.0%	28.3%	25.3%	16.5%	23.7%	16.5%	5.3%	0.43×	0.71×	40.44×	0.67×	0.0%	7	3.78	4	A
LGCYLegacy Education Inc.	$8.52	16.11×	2.81×	1.85×	11.33×	14.4%	45.6%	14.8%	11.4%	17.3%	12.4%	1.8%	0.3×	-0.57×	173.3×	3.7×	0.0%	6	5.33	4	A-
LOPEGrand Canyon Education, Inc.	$117.23	21.43×	6.2×	4.19×	14.77×	53.0%	53.2%	27.4%	19.5%	28.9%	26.1%	5.1%	0.27×	0.28×	0×	3.65×	0.0%	7	16.2	4	A
STRAStrategic Education, Inc.	$50.82	14.37×	1.08×	1.4×	7.74×	173.6%	49.0%	15.5%	10.0%	7.7%	7.6%	8.7%	0.07×	-0.14×	0×	1.27×	3.2%	6	3.35	4	A
Peer median	—	17.63×	2.81×	1.85×	10.41×	53.0%	49.0%	15.5%	11.4%	17.3%	12.4%	5.3%	0.3×	-0.14×	12.73×	3.46×	0.0%	7	4.15	4	—