Grand Canyon Education, Inc. Financial Ratios — LOPE Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	62.3	50.86	41.14	35.3	30.06	25.73	27	23.64	21.38	17.51	15.09	9.48	9.57	9.59	8.38
Return on Assets (%)	16.79	17.09	15.97	16.25	15.95	14.97	16.97	17.43	17.2	14.55	16.98	17.97	23.25	23.22	21.5
Return on Capital (%)	48.38	35.27	28.81	27.72	25.37	22.39	24.52	22.31	20.23	15.9	14.29	9.15	9.19	9.19	8.04
Return on Invested Capital (%)	30.42	27.42	22.7	22.28	21	19.14	20.91	18.8	15.16	12.71	15.49	19.86	25.31	24.92	26.65
Gross Margin (%)	54.35	56.89	57.48	58.21	57.64	41.79	43.07	50.14	59.66	58.47	57.48	53.49	52.42	52.7	53.19
EBITDA Margin (%)	23.43	26.6	28.2	30.43	31.62	32.52	34.65	36.92	38.02	36.38	34.87	29.48	29.27	30.38	31.03
Operating Margin (%)	19.44	22.31	23.95	26.17	27.03	27.29	29.08	32.7	34.56	32.87	31.47	26.06	25.94	26.84	27.42
Incremental Operating Margin (%)	37.15	36.81	33.56	40.49	33.9	29.41	44.62	5.28	11.1	12.74	9.06	-303.15	23.7	38.89	35.62
Pretax Margin (%)	19.1	22.19	24.22	26	26.86	27.04	29.11	33.94	40.78	39.47	36.95	26.35	27.02	28.2	25.3
Profit Margin (%)	11.84	13.58	14.83	16.13	16.89	17.01	20.87	27.09	33.29	30.47	29.04	20.26	21.33	21.9	19.54
Net Income to Common Margin (%)	11.84	13.58	14.83	16.13	16.89	17.01	20.87	27.09	33.29	30.47	29.04	20.26	21.33	21.9	19.54
Effective Tax Rate (%)	38	38.77	38.78	37.97	37.13	37.1	28.29	20.21	18.37	22.8	21.41	23.09	21.06	22.34	22.76
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	62.3	50.86	41.14	35.3	30.06	25.73	27	23.64	21.38	17.51	15.09	9.48	9.57	9.59	8.38

Credit (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	23	100	94	87	81	98	67	60	170	172	61	77	99	109	107
ST Debt	2	7	7	7	7	32	7	36	36	41	7	9	11	13	15
LT Debt	21	94	87	80	74	67	60	23	133	131	54	69	88	96	93
Total Debt/EBITDA	0.23	0.74	0.56	0.41	0.33	0.35	0.2	0.19	0.57	0.56	0.2	0.29	0.35	0.35	0.31
Net Debt/EBITDA	- -	-0.04	0.22	0.1	0.23	0.18	-0.26	-0.19	0.06	-0.45	-1.92	-0.45	-0.52	-1.03	-0.33
Total Debt/EBIT	0.27	0.88	0.65	0.48	0.39	0.41	0.24	0.22	0.63	0.62	0.22	0.33	0.4	0.39	0.35
Net Debt/EBIT	0.01	-0.05	0.26	0.12	0.27	0.22	-0.31	-0.22	0.07	-0.5	-2.13	-0.51	-0.59	-1.17	-0.37
EBITDA to Interest Expense	138.86	194.53	75.18	116.76	181.71	213.87	155.62	203.25	26.17	69.76	86.81	134,338.5	8,522.09	78,462.5	- -
EBITDA-CapEx/Interest Expense	138.86	184.19	68.7	116.76	171.68	168.14	150.84	203.04	26.15	69.64	86.67	134,140	8,494.91	78,359.5	- -
EBIT to Interest Expense	115.2	163.16	63.85	100.4	155.36	179.47	130.62	180.03	23.79	63.03	78.36	118,750	7,553.21	69,324	- -
Interest Expense	1	1	2	2	1	1	2	2	11	4	4	- -	- -	- -	- -
Common Equity/Total Assets	32.04	34.61	42.2	49.16	56.38	59.63	65.57	81.77	79.39	86.48	151.76	245	241.3	242.68	270.85
Long-Term Debt/Equity (%)	12.6	40.03	25.23	16.86	12.13	8.61	6.08	1.93	9.23	8.34	5.14	10.79	12.29	12.2	12.42
Long-Term Debt/Capital (%)	16.51	34.49	24.59	17.51	12.67	8.89	6.5	2.05	8.82	7.43	2.8	3.25	3.76	3.71	3.32
Long-Term Debt/Total Assets (%)	6.47	18.93	14.12	10.62	8.3	6.1	4.6	1.77	7.89	7.11	4.4	8.26	9.49	9.39	9.35
Total Debt/Equity (%)	13.95	42.88	27.17	18.27	13.33	12.7	6.76	4.94	11.74	10.91	5.85	12.15	13.83	13.84	14.37
Total Debt/Capital (%)	18.28	36.95	26.49	18.97	13.93	13.11	7.23	5.24	11.22	9.72	3.19	3.66	4.23	4.21	3.84
Total Debt/Total Assets (%)	7.17	20.28	15.21	11.51	9.12	8.99	5.11	4.52	10.03	9.31	5	9.3	10.67	10.66	10.82
Net Debt to Equity	0.28	-2.31	10.81	4.46	9.31	6.76	-8.81	-4.98	1.29	-8.77	-57.5	-18.88	-20.4	-41.41	-14.96
Net Debt/Capital (%)	0.44	-3.25	12.51	5.41	10.13	7.43	-11.31	-5.91	1.34	-9.07	-45.67	-6.03	-6.66	-14.39	-4.17
EBITDA	100	136	169	210	246	284	338	312	296	307	313	269	281	314	343
EBITDA-CapEx	100	129	154	210	232	223	327	312	296	307	312	268	280	313	343
Operating Income (Loss)	83	114	143	181	210	238	283	277	269	277	282	238	249	277	303

Liquidity (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.17	0.69	0.99	0.93	0.56	0.48	1.02	2.35	1.51	2.16	6.14	1.82	2.52	2.93	2.73
Current Ratio	0.95	1.4	1.59	1.49	1.14	1.01	1.57	3.84	2.19	2.81	6.95	2.74	3.48	3.78	3.65
Quick Ratio	0.37	0.92	1.06	0.97	0.63	0.54	1.07	2.99	2.1	2.74	6.86	2.63	3.35	3.68	3.52
CFO/Avg Current Liab	0.72	1.05	0.74	0.97	1.01	1.14	1.31	1.25	3.49	2.89	2.89	2.23	2.48	2.79	2.48
Common Equity/Total Assets	32.04	34.61	42.2	49.16	56.38	59.63	65.57	81.77	79.39	86.48	151.76	245	241.3	242.68	270.85
Long-Term Debt/Equity (%)	12.6	40.03	25.23	16.86	12.13	8.61	6.08	1.93	9.23	8.34	5.14	10.79	12.29	12.2	12.42
Long-Term Debt/Capital (%)	16.51	34.49	24.59	17.51	12.67	8.89	6.5	2.05	8.82	7.43	2.8	3.25	3.76	3.71	3.32
Long-Term Debt/Total Assets (%)	6.47	18.93	14.12	10.62	8.3	6.1	4.6	1.77	7.89	7.11	4.4	8.26	9.49	9.39	9.35
Total Debt/Equity (%)	13.95	42.88	27.17	18.27	13.33	12.7	6.76	4.94	11.74	10.91	5.85	12.15	13.83	13.84	14.37
Total Debt/Capital (%)	18.28	36.95	26.49	18.97	13.93	13.11	7.23	5.24	11.22	9.72	3.19	3.66	4.23	4.21	3.84
Total Debt/Total Assets (%)	7.17	20.28	15.21	11.51	9.12	8.99	5.11	4.52	10.03	9.31	5	9.3	10.67	10.66	10.82
CFO/Total Liabilities	56.91	55.28	43.67	59.75	65.69	74.58	95.99	180.3	124.1	114.27	176.21	113.17	114.69	123.61	111.46
CFO/CapEx	- -	19.96	8.15	- -	13.63	3.92	29.41	603.29	1,178.25	589.36	608	556.22	271.64	703.78	4,558.18
Altman's Z-Score	5.42	4.83	6.85	7.1	6.41	7.43	10.49	27.56	13.9	12.54	18.53	20.05	19.86	20.48	20.47

Working Capital (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	18.9	51.73	78.89	93.25	97.87	97.93	95.29	29.29	16.26	15.19	13.56	12.36	12.3	12.77	13.23
Days Sales Outstanding	19.31	7.06	4.63	3.91	3.73	3.73	3.83	12.46	22.45	24.03	26.92	29.53	29.67	28.58	27.59
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	11.39	13.48	13.25	12.3	11.59	17.24	20.55	19.42	21.58	22.31	18.65	19.13	24.27	22.01	20.28
Accounts Payable Turnover Days	32.06	27.07	27.55	29.67	31.48	21.17	17.76	18.79	16.91	16.36	19.57	19.08	15.04	16.58	18
Cash Conversion Cycle	-12.75	-20.02	-22.92	-25.75	-27.75	-17.45	-13.93	-6.33	5.53	7.67	7.35	10.45	14.63	11.99	9.59
Inventory to Cash Days	19.31	7.06	4.63	3.91	3.73	3.73	3.83	12.46	22.45	24.03	26.92	29.53	29.67	28.58	27.59
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	712	1,040	1,950	2,125	1,845	2,694	4,220	4,577	4,580	4,365	3,757	3,395	3,960	4,767	4,634
- Cash & Cash Equivalents	21	105	56	65	23	46	153	120	122	246	601	120	146	325	112
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	23	100	94	87	81	98	67	60	170	172	61	77	99	109	107
Enterprise Value	714	1,036	1,880	2,046	1,819	2,683	4,044	4,448	4,606	4,280	3,217	3,291	3,815	4,551	4,441
Total Capital	125	272	354	458	584	750	921	1,143	1,511	1,767	1,917	2,118	2,345	2,580	2,795
Total Debt/Capital (%)	18.28	36.95	26.49	18.97	13.93	13.11	7.23	5.24	11.22	9.72	3.19	3.66	4.23	4.21	3.84
Total Debt / EV	0.03	0.1	0.05	0.04	0.04	0.04	0.02	0.01	0.04	0.04	0.02	0.02	0.03	0.02	0.02
EV/Sales	1.67	2.03	3.14	2.96	2.34	3.07	4.15	5.26	5.92	5.07	3.59	3.61	3.97	4.41	4.02
EV/EBITDA	7.14	7.62	11.14	9.73	7.4	9.45	11.98	14.25	15.56	13.94	10.29	12.25	13.56	14.5	12.94
EV/EBIT	8.61	9.08	13.12	11.31	8.65	11.26	14.27	16.08	17.12	15.43	11.4	13.86	15.3	16.41	14.64
EV/Cash Flow to Firm	8.08	7.16	15.69	12.17	9.79	11.25	13.2	22.2	14.59	13.71	10.18	14.9	15.65	15.7	16.24
EV/Free Cash Flow to Firm	8.08	6.82	13.99	12.17	9.12	8.96	12.77	22.17	14.58	13.69	10.17	14.88	15.6	15.67	16.23
Diluted Market Cap	720	1,062	2,011	2,193	1,897	2,754	4,318	4,655	4,623	4,392	3,768	3,406	3,981	4,795	4,661
Diluted Enterprise Value	721	1,057	2,049	2,215	1,955	2,806	4,232	4,594	4,671	4,318	3,228	3,363	3,933	4,578	4,656
EV per Share	16	23.36	42.02	44.92	39.58	58.23	85.79	93.42	96.33	91.3	73.4	102.42	127.2	156.37	159.39
TTM Sales	427	511	598	691	778	873	974	846	779	844	897	911	961	1,033	1,106
TTM EBITDA	100	136	169	210	246	284	338	312	296	307	313	269	281	314	343
TTM Operating Income	83	114	143	181	210	238	283	277	269	277	282	238	249	277	303
TTM Cash Flow to Firm	88	145	120	168	186	239	306	200	316	312	316	221	244	290	273
TTM Free Cash Flow to Firm	88	152	134	168	200	299	317	201	316	313	316	221	245	290	274

Multiples (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	8.18	7.01	15.12	13.13	9.55	9.23	13.7	23.34	15.08	14.2	12.01	15.4	16.28	16.51	17.04
EV/EBIT	8.61	9.08	13.12	11.31	8.65	11.26	14.27	16.08	17.12	15.43	11.4	13.86	15.3	16.41	14.64
Enterprise Value	714	1,036	1,880	2,046	1,819	2,683	4,044	4,448	4,606	4,280	3,217	3,291	3,815	4,551	4,441
Low Price	12.26	15.8	22.23	36.95	35.61	31.12	56.52	85.14	76.48	57.89	70	72	99.65	118.48	149.83
EV/Sales	1.67	2.03	3.14	2.96	2.34	3.07	4.15	5.26	5.92	5.07	3.59	3.61	3.97	4.41	4.02
EV/EBITDA	7.14	7.62	11.14	9.73	7.4	9.45	11.98	14.25	15.56	13.94	10.29	12.25	13.56	14.5	12.94
Price/Earnings	14.09	14.98	21.98	19.06	14.04	18.14	20.76	19.99	17.67	16.97	14.43	18.38	19.32	21.07	21.44
Price/Earnings Average	13.64	12.62	16.77	18.32	14.65	13.46	17.94	22.85	20.02	15.82	15.54	15.97	16.96	18.22	23.6
Price/Earnings High	18.24	15.96	25.45	21.24	16.89	19.18	22.29	27.05	24.48	19.35	19.52	19.89	21.21	22.3	28.75
Price/Earnings Low	10.83	10.09	11.21	15.1	12.46	9.66	13.1	17.7	14.11	10.55	11.79	12.53	14.58	15.24	19.31
Price/Book Value	7	6.07	7.5	5.72	3.67	4.13	4.94	4.23	3.41	2.74	2.02	1.66	1.76	1.93	1.72
Price/Book Value Average	6.77	5.12	5.72	5.5	3.83	3.07	4.27	4.83	3.87	2.55	2.18	1.45	1.55	1.67	1.9
Price/Book Value High	9.05	6.47	8.68	6.37	4.41	4.37	5.3	5.72	4.73	3.12	2.74	1.8	1.94	2.04	2.31
Price/Book Value Low	5.37	4.09	3.82	4.53	3.26	2.2	3.12	3.74	2.73	1.7	1.65	1.13	1.33	1.4	1.55
Price/Tangible Book Value	4.44	4.5	5.7	4.49	3.04	3.49	4.29	3.78	4.24	3.58	5.37	11.31	10.18	10.29	10.66
Price/Tangible Book Value Average	4.3	3.79	4.35	4.32	3.17	2.59	3.71	4.32	4.8	3.34	5.79	9.83	8.94	8.9	11.74
Price/Tangible Book Value High	5.75	4.8	6.6	5	3.66	3.7	4.61	5.12	5.87	4.08	7.27	12.24	11.18	10.9	14.3
Price/Tangible Book Value Low	3.41	3.03	2.91	3.56	2.7	1.86	2.71	3.35	3.38	2.22	4.39	7.71	7.69	7.45	9.6
Price/Sales	1.67	2.04	3.26	3.07	2.37	3.08	4.33	5.41	5.88	5.17	4.19	3.73	4.12	4.61	4.19
Price/Sales Average	1.62	1.71	2.49	2.96	2.47	2.29	3.74	6.19	6.66	4.82	4.51	3.24	3.62	3.99	4.61
Price/Sales High	2.16	2.17	3.77	3.43	2.85	3.26	4.65	7.33	8.15	5.89	5.67	4.03	4.52	4.88	5.62
Price/Sales Low	1.28	1.37	1.66	2.43	2.1	1.64	2.74	4.79	4.7	3.22	3.42	2.54	3.11	3.34	3.77
Price/Cash Flow	8.1	7.22	16.47	12.72	9.97	11.33	13.84	22.99	14.95	14.13	12	15.37	16.25	16.44	16.94
Price/Cash Flow Average	7.84	6.08	12.56	12.23	10.4	8.41	11.96	26.29	16.94	13.18	12.92	13.36	14.27	14.22	18.65
Price/Cash Flow High	10.48	7.69	19.06	14.18	12	11.98	14.87	31.11	20.71	16.11	16.23	16.64	17.84	17.4	22.72
Price/Cash Flow Low	6.22	4.86	8.39	10.08	8.85	6.03	8.74	20.36	11.94	8.79	9.8	10.48	12.27	11.89	15.26
Price/Free Cash Flow Average	7.92	5.91	11.53	12.63	9.97	6.85	11.84	26.69	17.08	13.24	12.94	13.38	14.29	14.28	18.76
Price/Free Cash Flow High	10.59	7.47	17.51	14.63	11.49	9.76	14.71	31.59	20.89	16.18	16.25	16.66	17.87	17.48	22.85
Price/Free Cash Flow Low	6.29	4.72	7.71	10.4	8.48	4.91	8.65	20.67	12.04	8.83	9.81	10.49	12.28	11.94	15.35
EV/Sales Average	1.62	1.7	2.55	2.99	2.55	2.35	3.66	6.12	6.72	4.73	3.91	3.19	3.57	3.78	4.61
EV/Sales High	2.16	2.16	3.84	3.46	2.93	3.32	4.56	7.25	8.21	5.81	5.07	3.98	4.47	4.68	5.61
EV/Sales Low	1.29	1.36	1.73	2.47	2.18	1.7	2.65	4.72	4.76	3.13	2.82	2.49	3.06	3.13	3.77
EV/EBITDA Average	6.91	6.41	9.04	9.82	8.06	7.22	10.55	16.57	17.69	13.01	11.22	10.82	12.2	12.45	14.85
EV/EBITDA High	9.24	8.12	13.61	11.36	9.26	10.21	13.17	19.65	21.6	15.96	14.53	13.51	15.29	15.39	18.09
EV/EBITDA Low	5.49	5.12	6.12	8.1	6.89	5.23	7.64	12.79	12.51	8.6	8.09	8.45	10.46	10.3	12.15
EV/EBIT Average	8.33	7.64	10.65	11.42	9.43	8.61	12.57	18.71	19.46	14.4	12.43	12.24	13.76	14.09	16.81
EV/EBIT High	11.13	9.68	16.02	13.21	10.83	12.17	15.69	22.18	23.76	17.67	16.1	15.29	17.25	17.42	20.47
EV/EBIT Low	6.62	6.1	7.2	9.43	8.06	6.24	9.1	14.44	13.76	9.52	8.96	9.56	11.8	11.66	13.75
Last Price	15.96	23.47	43.6	46.66	40.12	58.45	89.53	96.14	95.79	93.11	85.71	105.66	132.04	163.8	166.31
High Price	20.66	25	50.48	51.99	48.29	61.8	96.15	130.1	132.72	106.14	115.96	114.34	144.94	173.37	223.04
Enterprise Value Average	691	871	1,525	2,064	1,984	2,052	3,561	5,173	5,236	3,996	3,507	2,906	3,430	3,906	5,097
Enterprise Value High	923	1,104	2,296	2,389	2,278	2,900	4,446	6,133	6,393	4,902	4,543	3,631	4,300	4,830	6,210
Enterprise Value Low	549	696	1,032	1,704	1,695	1,486	2,577	3,993	3,704	2,640	2,529	2,270	2,941	3,232	4,170

Shares Outstanding	44	45	46	47	47	48	48	48	48	47	38	31	30	29	27
Diluted Weighted Avg Shares	45	45	46	47	47	47	48	48	48	47	44	32	30	29	28
Basic Weighted Avg Shares	45	44	45	46	46	46	47	48	48	47	44	32	30	29	28
Revenue per Share	9.56	11.53	13.38	15.18	16.93	18.95	20.66	17.76	16.28	18.01	20.45	28.36	32.04	35.49	39.7
EBITDA per Share	2.24	3.07	3.77	4.62	5.35	6.16	7.16	6.56	6.19	6.55	7.13	8.36	9.38	10.78	12.32
Operating Income per Share	1.86	2.57	3.2	3.97	4.58	5.17	6.01	5.81	5.63	5.92	6.44	7.39	8.31	9.53	10.89
Basic EPS, GAAP	1.13	1.57	1.98	2.45	2.86	3.22	4.31	4.81	5.42	5.49	5.94	5.75	6.83	7.77	7.76
Basic EPS from Cont Ops	1.13	1.57	1.98	2.45	2.86	3.22	4.31	4.81	5.42	5.49	5.94	5.75	6.83	7.77	7.76
Diluted EPS, GAAP	1.12	1.53	1.92	2.37	2.78	3.15	4.22	4.73	5.37	5.45	5.92	5.73	6.8	7.73	7.71
Diluted EPS from Cont Ops	1.12	1.53	1.92	2.37	2.78	3.15	4.22	4.73	5.37	5.45	5.92	5.73	6.8	7.73	7.71
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	1.97	3.25	2.65	3.67	4.03	5.16	6.47	4.18	6.41	6.59	7.14	6.87	8.12	9.96	9.82
Free Cash Flow per Basic Share	1.97	3.09	2.32	3.67	3.73	3.84	6.25	4.17	6.4	6.58	7.13	6.86	8.09	9.95	9.81
Cash & Equivalents per Share	0.47	2.37	3.67	3.65	2.31	2.36	5.15	3.98	3.01	5.47	13.71	5.66	8.15	11.15	10.77
Book Value per Share	2.28	3.86	5.81	8.16	10.94	14.14	18.13	22.74	28.06	34.03	42.33	63.5	74.86	84.92	96.46
Tangible Book Value per Share	3.59	5.21	7.64	10.39	13.21	16.73	20.85	25.43	22.6	26.02	15.95	9.34	12.97	15.91	15.6

Grand Canyon Education, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)