Nelnet, Inc. (NNI) is a publicly traded company in the Financial Services — Financial - Credit Services industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Nelnet, Inc. operates globally, encompassing a variety of businesses including loan management, telecommunications, educational technology, related services, and payment processing solutions. Its Loan Servicing and Systems division offers comprehensive support for loan operations. This includes converting and processing loan applications, managing borrower data, providing customer service, handling payments, executing due diligence, reconciling funds, and processing claims.
Is Nelnet, Inc. stock overvalued or undervalued in 2026?
Nelnet, Inc. (NNI) trades at 14.6× earnings (P/E), above the median of the 324 financial services companies over $2bn in Kaplio's universe. At the decade median (9.0×) $75 (-38 %); at its sector median (13.0×) $109 (-11 %).
Kaplio overview: Nelnet, Inc.
Market cap $4B · 52 weeks $122 – $144 (15 % below the high) · P/E 14.6× · 2027 expected P/E 14.3× · Dividend 1.1 % · 11 years rising · Next earnings November 5, 2026 · expected EPS $1.83 · Closing price, Oct 28 · accounts published Aug 6.
- Valuation: P/E 14.6× (expensive).
- Business: ROE 8.1 % (weak).
- Balance sheet: Debt/Equity 1.87 (fragile).
- Earnings: 4 of 8 (uneven).
What would it be worth at its usual multiples?
At the decade median (9.0×) $75 (-38 %); at its sector median (13.0×) $109 (-11 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in financial services: 4 of 6 pass
- ROE 8.1 %, fails.
- Debt / Equity 1.87, fails.
- 5y revenue growth 11.8 %, passes.
- Operating margin 50.6 %, passes.
- FCF / Net Income 92.6 %, passes, near the threshold.
- P/E vs own 5y 14.6×, passes.
Against its peers (reference peers) — Nelnet, Inc.: P/E 14.6×; EV/EBITDA 20.1×; ROIC 3.5 %; $4.4B. Navient Corporation SR NT 6% 121543 (P/E —; EV/EBITDA 11.9×; ROIC 88.7 %; $4.3B), SLM Corporation (P/E 7.1×; EV/EBITDA 7.4×; ROIC 6.2 %; $3.7B), Credit Acceptance Corporation (P/E 12.0×; EV/EBITDA 12.0×; ROIC 9.5 %; $5.7B).
Expensive or cheap against its last ten years?
P/E at each close: today 14.6× · median 9.0× · minimum 6.5× · maximum 17.0× · cheap below 8.4× · expensive above 12.7×. It has been cheaper than today 90% of the time over its last ten years.
Dividend
solid · Yield 1.1 % ($1.18 per share in 2025) · Years raising it ≥ 11 · 5-year growth +8 % a year · Free cash flow coverage 11.3× · With $1,000 invested today you'd collect $10.80 a year ($0.90 a month).
Profitability
| Return on Equity | 8.15% |
| Return on Invested Capital | 3.48% |
| Return on Assets | 2.12% |
| Gross Margin | 82.73% |
| Operating Margin | 30.35% |
| Net Margin | 16.27% |
Financial Health
| Debt / Equity | 1.87 |
| Current Ratio | 0.74 |
| Piotroski F-Score | 7 |
| Altman Z-Score | 1.23 |
Price Performance
| 1 month | -1.73% |
| 3 months | -10.30% |
| Year-to-date | -8.33% |
| 1 year | -4.94% |
| 3 years | +43.81% |
| 5 years | +47.50% |
| 10 years | +211.08% |
Dividend History
Paid in the last 12 months: $1.3200 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-09-01 | $0.3300 |
| 2026-06-01 | $0.3300 |
| 2026-02-27 | $0.3300 |
| 2025-12-01 | $0.3300 |
| 2025-09-02 | $0.3000 |
| 2025-06-02 | $0.2800 |
| 2025-02-28 | $0.2800 |
| 2024-12-02 | $0.2800 |
| 2024-08-30 | $0.2800 |
| 2024-05-31 | $0.2800 |
Amounts adjusted for stock splits.
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Explore sector: Financial Services · Financial - Credit Services
More sections of NNI: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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