Grand Canyon Education Inc (LOPE) is slightly undervalued and Stride Inc (LRN) is undervalued.
Against our estimates of intrinsic value, LRN trades at the wider discount: a margin of safety of +56%, against +9% for LOPE.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.4% (average of 3 methods) values the shares at $160.79; the price of $146.78 is 9% below that value, and 78% of that value comes from beyond year five.
Leak Score 59/100 on 3 of 12 signals
Discounting its cash flows at 7.6% (average of 3 methods) values the shares at $177.25; the price of $78.69 is 56% below that value, and 81% of that value comes from beyond year five.
Leak Score 100/100 on 3 of 12 signals
| Metric | LOPE | LRN |
|---|---|---|
| Verdict | Slightly undervalued | Undervalued |
| Price | $146.78 | $78.69 |
| Intrinsic value | $160.79 | $177.25 |
| Margin of safety | +9% | +56% |
| Leak Score | 59/100 (3/12) | 100/100 (3/12) |
| Market cap | $3.8B | $3.3B |
| Revenue growth, 5 years | 5.5% | 10.4% |
| Operating margin | 27.8% | 18.1% |
| Net margin | 19.6% | 13.4% |
| Return on equity | 31.0% | 21.7% |
| Debt to equity | 0.16 | 0.33 |
| P/E | 17.7x | 10.9x |
| Forward P/E | 13.0x | 9.9x |
| P/B | 5.8x | 2.0x |