Grand Canyon Education, Inc. (LOPE)

Services-Educational Services

Latest Price

$153.43

TTM P/E

18.58

Normalized P/E

21.51

Div Yield

Book Value

25.31

P/B Ratio

6.06

Valuation metrics

EPS: $7.71

Book value / share: $27.27

Formula: √(22.5 × EPS × BVPS)

Graham Number

$68.78

55% downside

Norm. op. income: $266M (median of 7yr)

Tax rate: 22%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$75.53

51% downside

Base FCF: $239M (median of recent 5yr)

Growth: 0%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$103.59

32% downside

EPS: $7.71

Target P/E: 22×

Formula: EPS × P/E

P/E Fair Value

$169.62

+11% upside

99.9% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	2.78M	$397.0M	10.59%	-32.7K	2026-06-30
FMR LLC	2.05M	$292.0M	7.80%	-637.0K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	1.28M	$183.0M	4.88%	-14.1K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	1.19M	$170.0M	4.55%	-32.4K	2026-06-30
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC	1.04M	$148.0M	3.96%	+59.1K	2026-06-30
REINHART PARTNERS, LLC.	882.9K	$126.0M	3.37%	+237.9K	2026-06-30
STATE STREET CORP	848.9K	$121.0M	3.24%	-11.5K	2026-06-30
DIMENSIONAL FUND ADVISORS LP	626.6K	$89.0M	2.39%	+5.1K	2026-06-30
GW&K Investment Management, LLC	616.7K	$88.0M	2.35%	-107.1K	2026-06-30
Van Berkom & Associates Inc.	544.9K	$77.0M	2.08%	-40.7K	2026-06-30