Start with its own history
At 15.52×, NNI is 8.5% above its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · NNIFinancial - Credit ServicesUpdated Nov 5, 2026
Nelnet, Inc. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
15.52×
8.5% abovethe 10-year annual average
Share price127.58
÷Earnings per share8.22
Price and EPS in quote currency. Calculation details
Investors are paying 15.52 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 14.31×
3-year average23.22×3 positive annual observations
5-year average17.56×5 positive annual observations
10-year average14.31×10 positive annual observations
Peer median · TTM15.90×7 peers with positive P/E
Historical P/E ratios
Annual period-end data · 23 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2025 | 11.48× | -46.0% |
| Dec 31, 2024 | 21.28× | -42.4% |
| Dec 31, 2023 | 36.91× | +332.4% |
| Dec 31, 2022 | 8.54× | -10.9% |
| Dec 31, 2021 | 9.58× | +21.3% |
| Dec 31, 2020 | 7.90× | -52.0% |
| Dec 31, 2019 | 16.45× | +77.3% |
| Dec 31, 2018 | 9.28× | -29.9% |
View all 23 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2017 | 13.23× | +57.0% |
| Dec 31, 2016 | 8.43× | +47.9% |
| Dec 31, 2015 | 5.70× | -18.6% |
| Dec 31, 2014 | 7.00× | +8.0% |
| Dec 31, 2013 | 6.48× | -18.2% |
| Dec 31, 2012 | 7.92× | +37.3% |
| Dec 31, 2011 | 5.77× | -6.9% |
| Dec 31, 2010 | 6.20× | +0.4% |
| Dec 31, 2009 | 6.18× | -75.0% |
| Dec 31, 2008 | 24.71× | +28.3% |
| Dec 31, 2007 | 19.26× | -10.6% |
| Dec 31, 2006 | 21.54× | +78.5% |
| Dec 31, 2005 | 12.07× | +24.6% |
| Dec 31, 2004 | 9.69× | -74.1% |
| Dec 31, 2003 | 37.33× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How NNI compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 NNI This stockNelnet, Inc. | 15.52× |
 JSMNavient Corporation SR NT 6% 121543 | N/M |
 CACCCredit Acceptance Corporation | 15.90× |
 SNEXStoneX Group Inc. | 9.23× |
 UPSTUpstart Holdings, Inc. | 35.35× |
 LAZLazard Inc | 22.25× |
 RDNRadian Group Inc. | 9.24× |
 MCMoelis & Company | 20.25× |
 AUBAtlantic Union Bankshares Corporation | 10.95× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does NNI’s P/E tell you?
Compare like with like
The median of the 7 positive peer ratios above is 15.90×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take NNI into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("NNI", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 127.58 ÷ EPS 8.22 = 15.52×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 5, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
NNI P/E ratio: common questions
The essentials behind the numbers.
Nelnet, Inc.'s current P/E is 15.52× based on the quote data last updated Nov 5, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.