PERDOCEO EDUCATION Corp (PRDO): what the price assumes
boothcheck covers PERDOCEO EDUCATION Corp (PRDO) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed 2026-06-28.
Generated: 2026-08-30 · Exported: 2026-08-31 · Source: https://boothcheck.com/report/PRDO
Headline
| Field | Value |
|---|---|
| Ticker | PRDO |
| Company | PERDOCEO EDUCATION Corp |
| Current price | $33.57/sh |
| Composition | Tuition and fees, net 99% / Other revenue 1% |
What The Price Assumes (Inversion)
The assumption today's price embeds, recovered by inverting the valuation.
| Field | Value |
|---|---|
| Inversion basis | whole-company |
| Operating margin (value-band context) | 4.8% |
| Operating margin today | 24.6% |
| Margin compression (value-band) | -19.8pp |
| Multiple paid | 9x operating income |
The operating-margin figure is value-band context at year 12: derived from the framework's value band, a separate calculation — not part of the priced-in solve.
The price sits below what even a 5%/yr operating-profit decline would warrant; the inversion reports a bound, not a solved growth path.
Solve inputs: computed at a 8.4% cost of capital with 4% terminal growth over a 5-year stage.
How unusual the bet is: within-range (limited comparison data)
| Reference | Value |
|---|---|
| vs own history | -0.30σ |
| cohort percentile (of 212 peers) | 16 |
Valuation X-Ray
The price is supported by asset-based and earnings-power and relative-multiple and growth-DCF value. A value/asset-supported name, not a pure growth bet.
How the valuation models price the stock relative to the market price. Price/FV above 1.0 means the market pays more than that lens defends (expensive); at or below 1.0 the lens can defend the price.
| Family | Median price/FV | Models | Reads |
|---|---|---|---|
| Asset | 1.05x | 5 | expensive |
| Earnings | 0.87x | 5 | justifies |
| Relative | 0.53x | 2 | justifies |
| Growth | 0.65x | 3 | justifies |
Families that justify the price: Asset, Earnings, Relative, Growth
The models below discount at their own flat-beta convention rates (cost of equity 9.3%, WACC 9.1%); the inversion above states its own rate.
Per-Model Detail (n=15)
| Model | Family | FV | Price/FV | Applicable | Methodology |
|---|---|---|---|---|---|
| DCF Perpetual Growth | Growth | $93.95 | 0.36x | yes | FCF base $0.2B, growth 13% (input: historical growth), terminal g 4.0%, WACC 9.1%, 6yr projection |
| DCF Exit Multiple | Growth | $51.71 | 0.65x | yes | Exit EV/EBITDA: 6.0x / 8.0x / 10.0x (bear / base = today's held flat / bull), 6yr |
| Relative Valuation | Relative | — | — | no | P/E 18x (static sector reference · 2026-04), scenarios: 14.9x / 18.0x / 21.1x (bear / base = reference held flat / bull), EV/EBITDA 12x |
| Simple DDM | Growth | — | — | no | — |
| Two-Stage DDM | Growth | — | — | no | — |
| Simple Excess Return | Asset | $30.60 | 1.10x | yes | BV/sh $16.51, ROE (TTM) 17.1%, ke 9.3% |
| Two-Stage Excess Return | Asset | $41.11 | 0.82x | yes | 5yr excess ROE then converge to ke=9.3% |
| Discounted Future Market Cap | Growth | $29.41 | 1.14x | yes | Rev $0.9B, growth 13% (input: historical growth; tapered), Terminal P/S: 2.0x / 2.4x / 2.9x (bear / base = today's held flat / bull, cap 8x) |
| Peter Lynch Fair Value | Relative | $52.64 | 0.64x | yes | EPS $2.75, growth 19% (input: historical EPS growth), PEG=0.62 (Undervalued) |
| Margin Trajectory | Growth | — | — | no | — |
| Earnings Power Value | Earnings | $23.98 | 1.40x | yes | Normalized EBIT (5y avg op income, one-time charges added back) $0.17B × (1−21%) / WACC 9.1% → EPV (no growth) |
| Residual Income | Asset | $41.29 | 0.81x | yes | BV $16.51 + 5yr PV of (ROE (TTM) 17.1% − Kₑ 9.3%) × BV; BV grows 8.8%/yr |
| Graham Number | Asset | $31.97 | 1.05x | yes | √(22.5 × EPS $2.75 × BVPS $16.51) — Graham's conservative floor |
| EV/EBITDA Relative | Relative | — | — | no | EBITDA $0.25B × sector EV/EBITDA 12.0x |
| FCF Yield | Earnings | $40.77 | 0.82x | yes | FCF $225.4M / Kₑ 9.3% — zero-growth perpetuity |
| SBC-Adj FCF Yield | Earnings | $38.62 | 0.87x | yes | SBC-adj FCF $0.21B (FCF $0.23B − SBC $0.01B) capitalized at Kₑ |
| Ben Graham Formula | Earnings | $88.73 | 0.38x | yes | EPS $2.75 × (8.5 + 2×15.0%) × (4.4 / 5.3%) |
| ROIC-Justified P/B | Asset | $8.57 | 3.92x | yes | BV $16.51 × (ROIC 4.7% / WACC 9.1%) |
| P/Sales Sector | Relative | — | — | no | Revenue $0.86B × sector P/S 2.5x |
| PEG Fair Value | Relative | $78.96 | 0.43x | yes | EPS $2.75 × (PEG 1.5 × growth 19.1% (input: historical EPS growth)) → PE 28.7x |
| Earnings Yield | Earnings | $29.73 | 1.13x | yes | EPS $2.75 / required return 9.3% (Rf 4.3% + ERP 5.0%) |
| Funds From Operations Multiple | Relative | — | — | no | — |
| Clinical Phase NPV | Growth | — | — | no | — |
| Merton | Asset | — | — | no | — |
| V5 Mechanical | — | — | — | no | — |
Economic-Unit Decomposition (Sum Of The Parts)
One or more material disclosed units has unresolved economics. Unknown/general is not evidence of homogeneity: segment SOTP is primary but incomplete, consolidated cash flow may remain only a secondary cross-check when every unit shares an enterprise basis, and one sector multiple or target margin is withheld.
| Unit | Role | Valuation basis | Revenue | Reported profit | Value evidence | Status |
|---|---|---|---|---|---|---|
| CTU | operating | enterprise | $461.6m | $180.6m operating-income | withheld | unresolved no unit value |
| AIUS | operating | enterprise | $226.2m | $36.0m operating-income | withheld | unresolved no unit value |
| USAHS | operating | enterprise | $157.6m | $3.2m operating-income | withheld | unresolved no unit value |
No total common-equity value is stated. One or more material units lack a supported unit value. The displayed values are an indicative subtotal; consolidated debt and cash cannot be applied to a fraction of the company.
Solvency
| Field | Value |
|---|---|
| Net cash | $725.1m |
| Net debt / NOPAT (after-tax) | -4.35x (net cash) |
| Net debt / operating income (pre-tax) | -3.44x (net cash) |
| Interest coverage | 34.1x |
| Share count CAGR (buyback) | -2.1% |
| Burning cash | no |
Bullet Takeaways
- Perdoceo runs for-profit online universities, principally CTU and AIU, with nearly all revenue from tuition and fees. It is highly profitable, with a 24% operating margin, and sits on about $669 million of net cash, larger than most of its market value would suggest.
- The discount is the regulatory overhang. As a Title IV recipient, Perdoceo depends on federal student aid, and changes to loan availability or gainful-employment rules are the structural risk the cheap multiple reflects.
Bull Case
What a quick screen misses about Perdoceo is the balance sheet hiding behind the operations. This is a for-profit education company that the market files under regulatory risk, yet it runs a 24% operating margin and holds about $669 million of net cash with interest coverage above 30 times. A meaningful slice of the market value is just the cash, which means the operating business is being valued at a very low multiple of its earnings. For a company with no debt and a recurring tuition stream, that is an unusual amount of downside protection sitting in plain sight.
The operating performance has been quietly strong. First-quarter 2026 revenue rose 4.1% to $221.7 million, operating income jumped 22% to $63.1 million, and adjusted EPS grew to $0.90 from $0.70, with total enrollment up 1.1% to 48,740. Management guided full-year adjusted EPS to $3.05 to $3.16, up from $2.61 in 2025, and operating income of $217 million to $226 million. The portfolio is broadening, with growth at CTU and the health-sciences unit offsetting a temporary dip at AIU that management expects to return to growth. This is a business executing on retention and disciplined marketing, not one in decline.
The capital return turns the cash and the cheap multiple into a shareholder-friendly story. Perdoceo authorized a new $100 million buyback through mid-2027, having already retired shares under the prior program, shrinking the count at roughly 2% to 3% a year, and it pays a $0.15 quarterly dividend. The bull case is simple: a debt-free, cash-rich, high-margin business buying back its own undervalued stock while the market applies a permanent regulatory discount.
Bear Case
The methods that disagree the least with the cash still flag the same structural problem, and the conservative read is the more honest one: this is a business whose revenue depends almost entirely on federal student aid, and that dependence caps what the market will pay for it no matter how cheap it looks. The filing is explicit that loan-program changes could hurt demand, noting it "cannot currently predict the extent to which reduced federal loan availability may influence prospective student demand" and pointing to "Gainful Employment" and other federal regulatory standards (FY2025 10-K). It adds that it "cannot predict the extent to which these loan program changes, individually or in combination with other regulatory developments, will affect student behavior or our institutions' enrollment trends" (FY2025 10-K). A single adverse rule on aid eligibility, gainful employment, or the 90/10 revenue test can impair the entire business, and that is why the low multiple persists.
The enrollment durability is the second concern. For-profit online education has a history of boom-and-bust enrollment tied to the economy and to regulatory cycles, and the AIU dip in the quarter, even if temporary, shows the model is not immune to soft patches. The growth is modest, around 1% enrollment and low-single-digit revenue, so this is not a compounder; it is a cash-generative but slow-growth business in a politically exposed industry.
The reputational and reinvestment risk rounds it out. For-profit education carries a persistent reputational discount that can affect student demand and political treatment regardless of academic outcomes, and the large cash pile invites questions about reinvestment, with the risk that capital goes to acquisitions in the same exposed industry. The price is cheap precisely because the market doubts the durability of the earnings, and if a regulatory change or an enrollment downturn validates that doubt, the cash cushion softens the blow but does not prevent the operating value from falling.
Valuation
The growth-DCF and peer methods are the most generous, in the $50s, while the earnings-power method sits closer to the price. A reasonable-growth re-pricing puts the base near $62, well above the quote. The unusually wide gap between price and methods is what produces the cheap screen, and a large portion of the value is the net cash.
Inverting the price into the assumption it embeds, the market is paying only about 9 times company-wide operating income, a multiple so low the price sits below what even a 5% per year operating-profit decline would warrant. That is a bound, not a solved growth rate: the price is effectively assuming the business shrinks, which is the market pricing in regulatory and enrollment risk rather than a forecast of decline. Against the company's own history the implied pace is within range.
The honest conclusion is that the disagreement between the deep-value methods and the low multiple is entirely the regulatory discount. If federal aid policy stays workable and enrollment holds, the stock is materially undervalued and the buyback compounds that gap. If a regulatory change impairs the model, the low multiple is closer to fair. The net cash and high margin provide a real floor, but the upside requires the market to grant the earnings durability it currently withholds. This is a cash-rich value name where the central variable is policy, not operations.
Catalysts
The near-term catalysts are enrollment trends and capital return. First-quarter 2026 revenue rose 4.1% to $221.7 million, operating income grew 22% to $63.1 million, adjusted EPS reached $0.90, and total enrollment rose 1.1% to 48,740, with management expecting the AIU unit to return to growth in the second quarter. Full-year adjusted EPS guidance is $3.05 to $3.16 and operating income $217 million to $226 million. The pace of enrollment recovery across the portfolio and the EPS trajectory are the operating signals.
Capital allocation is the second driver and the clearest near-term lever. The board authorized a new $100 million buyback through mid-2027, replacing a prior program under which Perdoceo had already repurchased about 2.5 million shares for roughly $74.8 million, and it pays a $0.15 quarterly dividend. With a large net-cash balance, continued repurchases at a low multiple are directly accretive, and any move to deploy the cash, through a larger buyback, a special dividend, or an acquisition, would be a catalyst.
The dominant risk to monitor is regulatory: changes to federal student loan availability, gainful-employment rules, or the 90/10 revenue test could materially affect enrollment and revenue, since the business depends on Title IV aid. Analyst coverage is thin but constructive, with a Buy lean and a recent Barrington target increase to $44, well above the current price, reflecting the deep-value setup against the regulatory overhang.
Sources:
- https://www.stocktitan.net/sec-filings/PRDO/8-k-perdoceo-education-corp-reports-material-event-1ebb44f84b25.html
- https://www.sahmcapital.com/news/content/how-investors-may-respond-to-perdoceo-education-prdo-earnings-beat-dividend-hike-and-2026-eps-guidance-2026-02-26
- https://www.benzinga.com/quote/PRDO/analyst-ratings
- https://stockanalysis.com/stocks/prdo/
- https://www.theglobeandmail.com/investing/markets/stocks/PRDO/pressreleases/36906765/perdoceo-education-reaffirms-2026-operating-income-outlook/
Peer Cohorts (Per Segment, With Filing Citations)
CTU (reported)
- LOPE (Grand Canyon Education, Inc.)
- FY2025 10-K: …institutions, we cannot guarantee that all university partner institutions will have a cohort default rate as low as GCU. Having a university partner exceed the student loan default rate thresholds and losing eligibility to participate in the Title IV programs would have a material adverse effect on our business,…
- FY2025 10-K: …was reduced in exchange for us no longer reimbursing these partners for certain faculty costs, a slight decline year over year in revenue per student for online students due to the continued mix shift to students that have a slightly lower net tuition rate, and due to a slight decline in residential students between…
- STRA (Strategic Education, Inc.)
- FY2025 10-K: Use Software ("ASU 2025-06"). ASU 2025-06 eliminates the existing guidance that categorizes software development into distinct project stages and replaces it with a recognition threshold based on management's authorization and commitment to fund the project, along with the probability of completion and intended use.…
- FY2025 10-K: Federal Trade Commission ("FTC"), and Federal Communications Commission and various state agencies and state attorneys general enforce consumer protection, calling and texting, marketing, privacy and data security, and other laws applicable to post-secondary educational institutions. Findings of noncompliance could…
- LRN (Stride, Inc.)
- FY2025 10-K: …fair value of $ 34.41 per share. Fifty percent of the earned award is based on operating income performance ("Tranche #1") and fifty percent is based on the performance of the Company's stock price ("Tranche #2"), both of which will vest after achievement is certified during the first quarter of fiscal year 2026. The…
- FY2025 10-K: ( 134,291 ) 42.60 Nonvested, June 30, 2025 701,907 $ 51.27 Fiscal Year 2025 LTIP During the year ended June 30, 2025, the Company granted 210,620 PSUs at target under a Long-Term Incentive Plan ("LTIP") which are tied to operating income targets and stock price performance. These PSUs had a grant date…
- LAUR (Laureate Education, Inc.)
- FY2025 10-K: …4 Country Institution Enrollment at December 31, 2025 Market Segment QS Stars™ Overall University Rating Ratings/Rankings Mexico Universidad del Valle de México (UVM) 132,200 Premium/ Traditional «««« • Ranked Top 5 university in Mexico • 5-Star rated by QS Stars™ in categories of Employability, Online Learning &…
- FY2025 10-K: …specified academic goals and that the degrees granted and plans of study are aligned with those goals; that their academic offerings are compatible with their planning goals (e.g., there is sufficient labor demand for careers offered); that there are only two regular semesters of studies per year; that they have…
- EDU (NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC.)
- FY2025 20-F: …and timing of revenue recognition and calculation. • We tested, on a sample basis, transactions by checking the cash receipt, reviewing the underlying orders or contracts, reviewing the tutoring hours delivered and agreeing them to the underlying data from the system used in the transaction processes, and then…
- FY2025 20-F: …providing a separate opinion on the critical audit matter or on the accounts or disclosures to which it relates. F-2 Table of Contents NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC. REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - CONTINUED Revenue recognition - Educational services and test preparation…
- AFYA (AFYA LIMITED)
- FY2025 20-F: …calculations, which are prepared separately for each of the Company's CGUs to which the individual assets are allocated. These budgets and forecast calculations cover a period of five years, considering the companies activities and maturation period of its graduate and undergraduate courses. A long-term growth rate…
- FY2025 20-F: …received from customers and is recognized separately in current liabilities, when the payment is received. Advances from customers are recognized as revenue when the Company performs all obligations related to the contract, over the contract term. q) Taxes The Company's subsidiaries in the undergraduate segment…
AIUS (reported)
- LOPE (Grand Canyon Education, Inc.)
- FY2025 10-K: …of fiscal 2028 for interim reporting. Retrospective application is permitted. The Company does not expect the adoption of this guidance to have a material impact on the Company's financial condition, results of operations or statements of cash flows. In September 2025, the FASB issued ASU 2025-06, "Intangibles -…
- FY2025 10-K: …sales terms, adapt more quickly to new technologies and changes in university partner and student requirements, and devote greater resources to the acquisition of qualified students than we can; and ● c urrent and potential competitors may establish cooperative relationships among themselves or with third parties to…
- STRA (Strategic Education, Inc.)
- FY2025 10-K: Use Software ("ASU 2025-06"). ASU 2025-06 eliminates the existing guidance that categorizes software development into distinct project stages and replaces it with a recognition threshold based on management's authorization and commitment to fund the project, along with the probability of completion and intended use.…
- FY2025 10-K: …of that segment for financial reporting purposes. Curriculum Strayer University offers business, information technology, and professional curricula designed to equip students with specialized and practical knowledge and skills for careers in business, industry, and government. Academic leaders regularly review and…
- LAUR (Laureate Education, Inc.)
- FY2025 10-K: …to the Accounting for Internal-Use Software In September 2025, the FASB issued ASU 2025-06 which eliminates project stages and requires capitalizing costs when management has committed to funding the project and it is probable of completion. ASU 2025-06 is effective for the Company for its fiscal year and all interim…
- FY2025 10-K: …is defined as a student leaving the institution before completion of the program. To minimize attrition, we have implemented programs that involve assisting students in remedial education, mentoring, counseling and student financing. Each of our institutions has an enrollment cycle that varies by geographic region…
- LRN (Stride, Inc.)
- FY2025 10-K: …or blended public schools; ● Increasing competition in the education industry sectors that we serve; ● The continuous evolution of regulatory frameworks on the accessibility of technology and curriculum; ● Differences between our quarterly estimates and the actual funds received and expenses incurred by the schools…
- FY2025 10-K: Not Yet Adopted In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848) ("ASU 2020-04") which provided relief to companies that would have been impacted by the cessation of reference rate reform, e.g. LIBOR, that was tentatively planned for the end of fiscal year 2023. The ASU permitted an…
- EDU (NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC.)
- FY2025 20-F: …number of shares beneficially owned by such person or group by the sum of (i) 1,591,457,473, being the number of common shares outstanding as of September 15, 2025 and (ii) the number of non-vested equity shares held by such person or group that will vest within 60 days after September 15, 2025. (3) Includes (i)…
- FY2025 20-F: …and (4) the total amount of selling expenses and, in annual reporting periods, the definition of selling expenses. In January 2025, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date. For public business…
- AFYA (AFYA LIMITED)
- FY2025 20-F: …integral scholarship for every 22 students who pay the regular monthly tuition fees in specific undergraduate and subsequent courses, provided they also offer scholarships of 50%, in amounts necessary so that the sum of the benefits granted is equivalent to 8.5% of its annual revenue. The tax exemptions (in whole or…
- FY2025 20-F: …Contribution to the Social Integration Plan ("PIS"), with respect to the revenue derived from the traditional and technological graduation courses. In case a post-secondary education institution requires its exclusion from the PROUNI, its tax incentives will be suspended from the date of the solicitation and will not…
USAHS (reported)
- LOPE (Grand Canyon Education, Inc.)
- FY2025 10-K: …and, like all ED guidance, is subject to change and may impact our business model. We are also regulated (depending upon the applicable activity being regulated) by other federal agencies or departments including the SEC, the Internal Revenue Service ("IRS"), and the Federal Trade Commission ("FTC"). REGULATION OF…
- FY2025 10-K: …that are issued by the federal government under the Federal Direct Loan program (the "FDL Program"), as well as grant programs for students with demonstrated financial need. To participate in the Title IV programs, a school must receive and maintain authorization by the appropriate state agency or agencies, be…
- STRA (Strategic Education, Inc.)
- FY2025 10-K: …to affordable and industry-relevant training, certificate, and degree programs, including through Workforce Edge, a full-service education benefits administration solution for employers, and Sophia Learning, which offers low-cost online general education-level courses. We generated revenue of $1.3 billion in 2025.…
- FY2025 10-K: …is an offering Strayer University. USHE also operates non-degree web and mobile application development courses through Hackbright Academy and Devmountain, which are offerings of Strayer University. • Capella University is accredited by the Higher Learning Commission and Strayer University is accredited by the Middle…
- LAUR (Laureate Education, Inc.)
- FY2025 10-K: 13LongTermIncentivePlanMember us-gaap:EmployeeStockOptionMember 2013-06-13 2013-06-13 0000912766 us-gaap:EmployeeStockOptionMember srt:MaximumMember laur:A2013LongTermIncentivePlanMember 2013-06-13 2013-06-13 0000912766 us-gaap:EmployeeStockOptionMember srt:MinimumMember laur:A2013LongTermIncentivePlanMember…
- FY2025 10-K: …us-gaap:SecuredOvernightFinancingRateSofrMember laur:ThirdAmendmentMember us-gaap:LineOfCreditMember 2023-09-18 2023-09-18 0000912766 us-gaap:SecuredDebtMember laur:EuroInterbankOfferedRateEURIBORMember laur:ThirdAmendmentMember us-gaap:LineOfCreditMember 2023-09-18 2023-09-18 0000912766 us-gaap:SecuredDebtMember…
- UTI (UNIVERSAL TECHNICAL INSTITUTE, INC)
- FY2025 10-K: ; Respiratory Therapy; Sterile Processing Technician; Surgical Technology Florida (Orlando) 2010 Cardiovascular Sonography; Dental Assistant; Dental Hygiene; Diagnostic Medical Sonography; Medical Assistant; Pharmacy Technician; Phlebotomy Technician; Sterile Processing Technician; Surgical Technology Florida (Tampa)…
- FY2025 10-K: Exton, Pennsylvania (2) October 2028 Renewed Dallas, Texas (2) March 2029 Renewed Austin, Texas (1) May 2029 Renewed Sacramento, California (2) December 2029 Renewed Mooresville, North Carolina (2) December 2029 Renewed 15 UTI Campus Accreditation Expiration Renewal Status Miramar, Florida February 2030 Renewed…
- AFYA (AFYA LIMITED)
- FY2025 20-F: …on services, or "ISS"). According to Brazilian federal law No. 10,865/2004, the Company also benefited from a zero-tax rate on Federal Social Contributions, PIS and COFINS, which are calculated on gross revenue. The tax reform ensured tax immunity for the taxes provided for in Article 150 of the Federal Constitution,…
- FY2025 20-F: …preventing operational errors and allowing efficient tax-related calculations and control of government obligations. Salesforce optimizes our sales and customer relationship management processes, facilitating streamlined lead management, sales forecasting, and customer engagement. Its robust analytics capabilities…
Methodology Note
- Priced-in inversion: the valuation is inverted on the current price to recover the operating-income growth, duration, and steady-state margin the price embeds (ROE for financials, FFO growth for REITs).
- Valuation x-ray: the valuation models, grouped into four families (asset, earnings, relative, growth). Each model is expressed as a price/FV ratio (distance from price), not a point fair-value estimate. The spread across families is the disagreement.
- Economic-unit decomposition (SOTP): each disclosed business unit is assigned its native valuation basis before any multiple is applied. Operating units are valued on enterprise value; funded financial units are valued on their own common equity, because their borrowings fund earning assets rather than levering the parent. A company total is stated only once every material unit carries a supported value and the parent capital bridge reconciles.
- Solvency: net cash/debt, net-debt-to-NOPAT, interest coverage, and share-count CAGR from EDGAR financials (net debt / FFO and fixed-charge coverage for REITs; regulatory-capital framing for financials).
- Peer cohorts: per-segment comparables with deep-linkable SEC filing citations.
Fundamentals sourced from SEC EDGAR filings. Current price from Databento. The priced-in inversion and valuation x-ray are computed by the boothcheck engine; narrative composed by AI from the structured data.