Aspen Group Inc (ASPU) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Aspen Group Inc $0.48, price $0.27, upside +80.7%, quality 38 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $0.0003 – $7.00 · fair‑value band $0.3500 – $0.7100 · the $0.2657 price screens below the $0.4800 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Aspen Group, Inc., an education technology company, provides online higher education services in the United States. The company offers associates, bachelor's, master's, and doctoral degree programs in nursing and health sciences, business and technology, and education fields through Aspen University and United States University.
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Aspen Group, Inc., an education technology company, provides online higher education services in the United States. The company offers associates, bachelor's, master's, and doctoral degree programs in nursing and health sciences, business and technology, and education fields through Aspen University and United States University. As of April 30, 2025, 4,860 of 5,809 or 84% of all active students across both universities are degree-seeking nursing students. Aspen Group, Inc. was founded in 1987 and is based in Phoenix, Arizona.
Stock analysis
Aspen Group Inc (ASPU) currently trades at $0.2657, while our model-based Fair Value estimate is $0.4800, implying the stock looks roughly 44.6% undervalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 88/100, which puts the evidence level at low.
Scenario range: $0.3500 (bear) to $0.7100 (bull), the price of $0.2657 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 38/100 (below-average quality), in the Consumer Defensive sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Aspen Group Inc reported revenue of $66.3M in FY2023 versus $34.0M in FY2019, a compound +18.2%/yr. Reported net income was −$8.3M in FY2023.
Key figures
Market cap $9.8M · P/S ratio 0.22 · EPS (TTM) $−0.8600 · Net margin −12.6% · Return on equity 10.2% · Return on assets (EBIT) −9.5% · Operating margin 16.7% · Revenue (TTM) $44.6M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (medium confidence).
What moves the price
The share trades about 33% below its 52-week high and 307% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 14% fair-value upside, at 81%, ASPU screens cheaper than that median.
Fair Value models
Bear $0.3500Fair Value $0.4800Bull $0.7100
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.44/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−13.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+24.7%
Revenue growth 11 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+35.5%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−23.9% (2018) → −8.4% (2023)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2023 is a loss year, no rate is defined from a loss
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Education & Training Services · 142 stocks
Beats the industry median on 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score34 · Bottom 25%
Fair Value upside+81% · Top 25%
Profitability
Return on equity (TTM)10% · Above median
Return on assets5% · Above median
Net margin (TTM)7% · Above median
Operating margin (TTM)17% · Above median
Growth and dividend
Revenue growth−5% · Bottom 25%
Balance sheet
Debt / equity0.42× · Highest 25%
Valuation Multiplesvs Education & Training Services median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Aspen Group Inc Fair Value". https://www.fairvalue-calculator.com/stock/ASPU
Frequently asked questions
Is Aspen Group Inc (ASPU) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $0.4800 versus a price of $0.2657, about +81% upside (undervalued).
What is the fair value of ASPU?
Our model-based fair value for Aspen Group Inc is $0.4800 (as of Sep 23, 2026), built from audited fundamentals. The current price: $0.2657.
What is the quality score of ASPU?
Aspen Group Inc has a Quality Score of 38/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Aspen Group Inc (ASPU)?
Our model-based price target is the fair value of $0.4800 (as of Sep 23, 2026) from 1 valuation models. Cautious scenario $0.3500, optimistic scenario $0.7100. It is a calculation from audited fundamentals, not an analyst target.
What is the Aspen Group Inc stock forecast for 2026?
Our models put fair value at $0.4800, about +81% upside versus a price of $0.2657 (undervalued). Cautious scenario $0.3500, optimistic scenario $0.7100. The calculation is refreshed regularly with new filings.
What is the revenue of Aspen Group Inc (ASPU)?
Aspen Group Inc reported trailing-twelve-month revenue of about $44.6M (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of Aspen Group Inc (ASPU)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Aspen Group Inc it is $0.4800 per share (as of Sep 23, 2026), against a price of $0.2657. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Aspen Group Inc stock overvalued or undervalued in 2026?
As of Sep 23, 2026, ASPU trades below its calculated fair value: price $0.2657, fair value $0.4800, a gap of about +81% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ASPU?
No. The price is what the market pays today ($0.2657); the fair value is what the company's own numbers justify ($0.4800). For Aspen Group Inc the two are $0.2143 per share apart. That gap is exactly why we show both numbers side by side.
How much is Aspen Group Inc worth?
The market values Aspen Group Inc at about $9.8M (market capitalisation, as of Sep 23, 2026). Per share that is $0.2657; our models calculate a fair value of $0.4800 per share.
What do the bullish and bearish scenarios say about ASPU?
Our models span a range for Aspen Group Inc: cautious scenario $0.3500, base $0.4800, optimistic $0.7100 per share (as of Sep 23, 2026, price $0.2657). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of ASPU?
The PEG ratio of Aspen Group Inc is 1.64 (P/E divided by earnings growth, as of Sep 23, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Aspen Group Inc (ASPU)?
Balance-sheet figures for Aspen Group Inc (as of Sep 23, 2026): return on equity 10.2%, debt of 0.42 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is ASPU from its 52-week high?
Aspen Group Inc trades at $0.2657, about 33% below its 52-week high of $0.3944 and 307% above the low of $0.0653 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $0.4800 is for.
Which stocks are comparable to Aspen Group Inc?
From the same area (Consumer Defensive) we also value New Oriental Education & Technology Group, TAL Education Group, Laureate Education, Inc, Grand Canyon Education, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Aspen Group Inc stock attractive at the current price?
The data as of Sep 23, 2026: price $0.2657, calculated fair value $0.4800 (+81%), Quality Score 38/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ASPU calculated?
We run Aspen Group Inc through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $0.4800, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. Aspen Group Inc currently trades 81 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Aspen Group Inc (ASPU)?
The closing price on Sep 23, 2026 was $0.2657. Our model-based fair value is $0.4800, about +81% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Aspen Group Inc right now?
The large discount to fair value meets weak quality (38/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case ($0.3500). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range ($0.3500 to $0.7100) leaves room in how you read the outcome.
Key figures of Aspen Group Inc
How large is the market capitalisation of Aspen Group Inc (ASPU)?
The market capitalisation of Aspen Group Inc is $9.8M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Aspen Group Inc (ASPU)?
The price-to-sales ratio of Aspen Group Inc is 0.22 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Aspen Group Inc (ASPU)?
Earnings per share at Aspen Group Inc are $−0.8600. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Aspen Group Inc (ASPU)?
The net margin of Aspen Group Inc is −12.6% (fiscal year 2023). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Aspen Group Inc (ASPU)?
The return on equity (ROE) of Aspen Group Inc is 10.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Aspen Group Inc (ASPU)?
On an EBIT basis the return on assets of Aspen Group Inc is −9.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Aspen Group Inc (ASPU)?
The operating margin of Aspen Group Inc is 16.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Aspen Group Inc (ASPU)?
Revenue at Aspen Group Inc is growing −5.1% versus a year earlier (3y avg +10.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Aspen Group Inc (ASPU) generate?
The free cash flow of Aspen Group Inc is −$7.0M (fiscal year 2023). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Aspen Group Inc (ASPU) carry?
The net debt of Aspen Group Inc is $29.3M (fiscal year 2023). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Sep 23, 2026