Market Position And GrowthPXED is a leading online university in the US, focused on serving adult learners with flexible, affordable and career-relevant undergraduate and graduate degree programs.
Technological And Strategic TransformationThe company's transformation since 2017 to increase its focus on student outcomes, including investments in AI-powered adaptive learning, student support services, and a realigned curriculum focused on skills valued in the workforce, has strengthened its appeal to students.
Valuation And Financial PerformancePXED is priced at a substantial discount to peers at 5.0x NTM adjusted EBITDA versus the 10.3x peer group median, presenting an opportunity for multiple expansion.