Strategic Education, Inc. (STRA)

Services-Educational Services

Latest Price

$83.12

TTM P/E

13.88

Normalized P/E

21.68

Div Yield

2.89%

Book Value

75.98

P/B Ratio

1.09

Valuation metrics

EPS: $5.41

Book value / share: $71.68

Formula: √(22.5 × EPS × BVPS)

Graham Number

$93.41

+12% upside

Norm. op. income: $109M (median of 7yr)

Tax rate: 30%

Discount rate: 10%

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

Earnings Power Value

$39.69

52% downside

Base FCF: $129M (median of recent 5yr)

Growth: 8%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$127.20

+53% upside

EPS: $5.41

Target P/E: 22×

Formula: EPS × P/E

P/E Fair Value

$119.02

+43% upside

99.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	3.80M	$291.0M	17.11%	+99.4K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	1.46M	$111.0M	6.57%	+41.0K	2026-06-30
DIMENSIONAL FUND ADVISORS LP	1.46M	$111.0M	6.56%	-1.5K	2026-06-30
BANK OF MONTREAL /CAN/	1.26M	$96.0M	5.66%	-150.9K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	945.4K	$72.0M	4.26%	-34.4K	2026-06-30
STATE STREET CORP	909.7K	$69.0M	4.10%	+33.3K	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	598.9K	$45.0M	2.70%	+7.6K	2026-06-30
T. Rowe Price Investment Management, Inc.	592.7K	$45.0M	2.67%	-215.8K	2026-06-30
MORGAN STANLEY	591.7K	$45.0M	2.66%	+280.7K	2026-06-30
MARSHFIELD ASSOCIATES	559.0K	$42.0M	2.52%	-233.9K	2026-06-30