Benchmark Index for Tracking the Education Services Industry
CVCR U.S. Education Index™
The CVCR U.S. Education Index™is an abridged, illustrative benchmark gauging the U.S. education services sub-industry within the consumer discretionary sector. It is comprised of the 14 domestic, publicly-traded, constituent companies listed on the major exchanges and deriving primary revenue source from for-profit, private sector, post-secondary education.
Methodology: The CVCR U.S. Education Index™is market cap weighted for daily price determination at market close only (after-hours trading is not included in closing price.) The index averages trailing price-to- earnings multiples (P/E) to demonstrate current valuation, plus beta for volatility to the market, dividend yield for income, and sell-side analyst consensus for opinion on the current state of the industry as represented by the index constituents. It is non-diversified.
Disclaimer: The CVCR U.S. Education Index™ provides a narrow snapshot of its target industry's collective company components for research purposes only and is not intended as a marketable security, as investment advice, or for portfolio construction. Current and/or past illustrative performance of the CVCR U.S. Education Index™ is not a guarantee of actual or future performance of its constituent companies or of the education services industry as a whole. The CVCR U.S. Education Index™ is maintained and published by Country View Capital Research, LLC for the sole benefit of its proprietary clients. The Index cannot be copied, marketed, benchmarked, or disseminated without the express written permission of Country View Capital Research, LLC or its designated assignees. CVCR U.S. Education Index™ and logo are trademarks of Country View Capital Research, LLC.
Copyright 2013, Country View Capital Research, LLC. All rights reserved.
CVCR U.S. Education Index™ Current Snapshot
Market Close as of: 11/30/2013 Closing Price: $31.71 Previous Close: $31.79 (11/11/13) Change: -0.1% 52-Week Range: $21.68 to $31.79 YTD Change: +34.6% vs. +34.6% for U.S. small-cap sector Since Inception: +32.1% (inception date: 2/22/13)
Index Holdings: 14 Market Cap (bln 000's): $13,699 Price: $31.71 P/E: 19.56 Beta: 1.50 Yield: 0.33 Analyst Consensus: Hold
Representative Holdings (in order by market capitalization:)
Apollo Group, Inc. (APOL) DeVry, Inc. (DV) Grand Canyon Education, Inc. (LOPE) Education Management Corporation (EDMC) Bridgepoint Education, Inc. (BPI) ITT Educational Services, Inc. (ESI) Capella Education Company (CPLA) American Public Education, Inc. (APEI) Strayer Education, Inc. (STRA) Universal Technical Institute, Inc. (UTI) Career Education Corporation (CECO) Corinthian Colleges, Inc. (COCO) Lincoln Educational Services Corporation (LINC) National American University Holdings, Inc. (NAUH)
ESI, COCO: Facing probe from U.S. Consumer Financial Protection Bureau (CFPB) regarding practices in private student loans.
CVCR U.S. Education Index™ up same 34.6% YTD vs. U.S. small cap universe as of November 30, 2013.