# Nelnet Inc. (NNI) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Financial Services / Consumer Finance. Price $127.31, market value $4.6 billion.

## Valuation
- **P/E (trailing): 15.2×** (5-yr avg 17.0×, 3-yr avg 22.7×). Nelnet Inc. trades at 15.2× trailing earnings, close to its own five-year average of 17.0×. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 13.3×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.10**. A PEG of 0.10 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / book: 1.2×**. The shares trade at 1.2× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 8.0%** (5-yr avg 13.4%). Free cash flow equals 8.0% of the market value, below its five-year average of 13.4%, so the shares are pricier on cash than usual. Above 5% is generally attractive.
- **Earnings yield: 6.6%**. The inverse of the P/E: 6.6% of the price is earned each year.

## Profitability
- **Return on equity: 11.6%**. 11.6% on shareholders' equity is solid.
- **Return on assets: 1.2%**. Each dollar of assets produces 1.2% of profit; low single digits are normal for banks and insurers.

## Growth
- **EPS growth (1 yr): 134.9%** (3-yr 2.9%/yr, 5-yr 5.5%/yr). Earnings per share rose 134.9%.
- **Free-cash-flow growth (3 yr): -14.0%/yr**. Free cash flow has compounded at -14.0% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.
- **Cash and short-term investments: $296 million**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 1.04%** ($1.29 per share, trailing). Nelnet Inc. yields 1.04%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 10%** (13% of free cash flow). 10% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 12**. 12 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 7.7%/yr** (1-yr 6.2%). The dividend has grown 7.7% a year over five years.

## Price and momentum
- **Total return (1 yr): -0.2%** (YTD -3.8%, 3-mo -1.3%). The shares are down 0.2% over twelve months including dividends.
- **From 52-week high: -11.8%** (9.2% above the low). Trading 12% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 45**. An RSI of 45 is neutral.
- **Beta (1 yr): 0.23** (volatility 24%). Beta of 0.23 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=NNI · Page: https://foliofundamentals.com/stocks/nni

Not investment advice.