Perdoceo Education Corp. (PRDO) intrinsic value & 10-year financials
Perdoceo Education Corp. (PRDO) has a Graham intrinsic value of $80.38 per share. At $33.73 on Oct 17, 2026, the stock trades 58% below that value. Over the last 10 fiscal years revenue grew 2.1% a year to $846.1M, with an average return on invested capital of 19.6%.
- Graham intrinsic value
- $80.38
- Share price (Oct 17, 2026)
- $33.73
- Price vs Graham value
- 58% below
- Market cap
- $2.2B
- Revenue (FY2025)
- $846.1M
- Revenue growth (10-yr CAGR)
- 2.1%
- ROIC (10-yr avg)
- 19.6%
- Free cash flow (FY2025)
- —
PRDO 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $846.1M | $159.9M | $2.42 | — | 23.2% | 15.9% |
| FY2024 | $681.3M | $147.6M | $2.19 | — | 25.6% | 15.4% |
| FY2023 | $710.0M | $147.7M | $2.18 | — | 21.2% | 16.7% |
| FY2022 | $695.2M | $95.9M | $1.39 | — | 18.6% | 18.3% |
| FY2021 | $693.0M | $109.6M | $1.55 | — | 21.5% | 25.5% |
| FY2020 | $687.3M | $124.3M | $1.74 | — | 20.8% | 27.9% |
| FY2019 | $627.7M | $70.0M | $0.97 | — | 13.8% | 17.5% |
| FY2018 | $581.3M | $55.2M | $0.77 | — | 12.3% | — |
| FY2017 | $596.4M | -$31.9M | -$0.46 | — | 5.7% | — |
| FY2016 | $704.4M | -$18.7M | -$0.27 | $1.8M | -4.6% | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
PERDOCEO EDUCATION Corp has demonstrated mature, steady growth, with revenue compounding at 2.1% annually over the past decade.
PERDOCEO EDUCATION Corp has earned high returns on invested capital, averaging 19.6% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
PERDOCEO EDUCATION Corp has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, PERDOCEO EDUCATION Corp is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $80.38 per share.