US · NNI
Nelnet, Inc.
- Sector
- Financial Services · Financial - Credit Services
- Headquarters
- Lincoln, NE 68508
- Website
- nelnetinc.com
Price · as of 2025-12-31
$141.66
Market cap 4.64B
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $331.93 | +134.31% |
| Intrinsic Value(DCF) | $69.13 | -51.2% |
| Graham-Dodd Method(GD) | $115.19 | -18.68% |
| Graham Formula(GF) | $218.02 | +53.9% |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2011 | $21.56 | $482.37 | $0.00 | $35.39 | $2.03 |
| 2012 | $29.70 | $505.52 | $0.00 | $20.09 | $41.65 |
| 2013 | $37.70 | $555.60 | $0.00 | $55.48 | $146.12 |
| 2014 | $41.28 | $596.83 | $0.00 | $61.53 | $85.48 |
| 2015 | $35.79 | $602.52 | $0.00 | $62.00 | $49.51 |
| 2016 | $38.78 | $560.31 | $0.00 | $68.22 | $92.48 |
| 2017 | $51.02 | $476.65 | $0.00 | $60.79 | $29.22 |
| 2018 | $49.32 | $496.94 | $0.09 | $71.37 | $275.63 |
| 2019 | $46.71 | $427.23 | $0.00 | $63.17 | $28.48 |
| 2020 | $72.72 | $452.52 | $0.00 | $98.05 | $0.00 |
| 2021 | $80.78 | $428.61 | $16.13 | $112.24 | $116.00 |
| 2022 | $87.55 | $335.62 | $31.39 | $119.87 | $379.86 |
| 2023 | $86.87 | $253.86 | $32.54 | $78.94 | $19.06 |
| 2024 | $117.10 | $205.79 | $50.77 | $95.50 | $49.48 |
| 2025 | $131.71 | $331.93 | $55.29 | $115.19 | $218.02 |
AI valuation
Our deep-learning model estimates Nelnet, Inc.'s (NNI) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $331.93
- Current price
- $141.66
- AI upside
- +134.31%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$69.13
-51.2% upside
Graham-Dodd
$115.19
-18.68% upside
Graham Formula
$218.02
+53.9% upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| NNI | Nelnet, Inc. | $141.66 | 4.64B | +134% | -51% | -19% | +54% | 11.17 | 1.30 | 2.11 | 467.85 | 24.27 | 1.37 | 87.04% | 50.58% | 11.76% | 12.18% | 8.97% | 3.08% | 2.12 | 2.19 | 2666.66 | 2666.66 | 242.71 | 4602.00% | 2256.00% | -11219.00% | -1.64% | -16.50 | -0.81% | 0.90% | 10.00% | 64.15% | 8.68 | -127.05 | 4.39 | 2.49 |
| AUB | Atlantic Union Bankshares… | $37.06 | 5.28B | -38% | +748% | -12% | +193% | 19.48 | 1.07 | 2.64 | 6.06 | — | 1.80 | 60.94% | 16.77% | 13.54% | 6.72% | 18.61% | 0.88% | 0.30 | 0.51 | 6.81 | 6.81 | 3.19 | -938.00% | 5019.00% | -6750.00% | 1.83% | 0.15 | 6.61% | 0.00% | 0.00% | 0.00% | 7.08 | 24.55 | 1.19 | 0.35 |
| AX | Axos Financial, Inc. | $86.82 | 4.92B | -26% | +569% | -4% | +48% | 11.92 | 1.93 | 2.68 | 5.50 | — | 2.05 | 61.47% | 31.79% | 22.44% | 17.42% | 52.84% | 1.82% | 0.14 | 0.89 | 0.11 | 0.11 | -2.43 | -300.00% | 916.00% | 6182.00% | 8.45% | 0.02 | 53.23% | 0.00% | 0.00% | 1.13% | 5.76 | 8.11 | 1.83 | -0.46 |
| CACC | Credit Acceptance Corpora… | $473.18 | 5.22B | +70% | +10% | -31% | +32% | 12.60 | 3.51 | 2.31 | 10.58 | 14.18 | 3.51 | 98.75% | 47.63% | 18.29% | 25.90% | 11.32% | 4.38% | 4.17 | 2.38 | 0.26 | 0.26 | 5.54 | 8888.00% | 857.00% | -731.00% | 19.71% | 0.48 | 14.41% | 0.00% | 0.00% | 0.00% | 10.13 | 10.62 | 4.83 | 0.98 |
| JSM | Navient Corporation SR NT… | $19.37 | 5.31B | +82% | +72% | -44% | -60% | -23.76 | 0.79 | 0.61 | 1623.40 | — | 0.97 | 95.21% | 81.66% | -2.57% | -3.17% | 7.45% | -0.16% | 2.11 | 0.98 | 0.41 | 0.41 | 989.67 | -16833.00% | -1840.00% | -392.00% | 23.20% | 0.09 | 1.80% | 3.31% | -78.70% | 2086.42% | 1.92 | 11.04 | 1.57 | 0.32 |
| LAZ | Lazard Ltd | $50.60 | 4.8B | +106% | -48% | -58% | -46% | 20.91 | 5.67 | 1.55 | 13.04 | — | 10.35 | 31.79% | 13.03% | 7.43% | 31.37% | 20.99% | 4.87% | 2.95 | 4.74 | 29.35 | 31.84 | 2.39 | -1903.00% | 325.00% | -2755.00% | 10.20% | 6.66 | 33.32% | 0.00% | 0.00% | 1.84% | 14.11 | 11.60 | 1.84 | 2.65 |
| MC | Moelis & Company | $59.36 | 4.39B | +75% | +94% | -61% | +78% | 19.20 | 7.87 | 2.95 | 11.69 | 29.47 | 7.87 | 99.22% | 18.06% | 15.36% | 46.14% | 139.08% | 14.94% | 0.00 | — | 65.09 | 65.09 | -1.50 | 6517.00% | 2698.00% | 2999.00% | 12.07% | 63.50 | 345.89% | 0.00% | 0.00% | 7.14% | 14.48 | 7.35 | 2.62 | 3.68 |
| RDN | Radian Group Inc. | $34.52 | 4.7B | +46% | -24% | +16% | -40% | 8.28 | 1.01 | 3.87 | 6.80 | 147.46 | 1.01 | 92.30% | 61.19% | 46.73% | 12.39% | 16.57% | 6.94% | 0.24 | 11.64 | 0.14 | 0.14 | 1.24 | 561.00% | -336.00% | -15048.00% | 6.98% | 0.32 | 9.32% | 3.02% | 25.00% | 37.30% | 7.77 | 17.62 | 4.75 | 2.08 |
| SLM | SLM Corporation | $18.74 | 3.71B | +111% | -4% | — | +133% | 5.27 | 1.60 | 1.26 | 5.79 | 18.12 | 1.64 | 53.11% | 31.92% | 23.95% | 32.31% | 18.20% | 2.49% | 2.39 | 0.88 | 8.08 | 11.91 | 1.84 | 2910.00% | 410.00% | -27472.00% | 14.65% | 1.15 | 14.06% | 17.82% | 94.00% | 27.21% | 5.81 | 10.01 | 1.85 | 0.67 |
| SNEX | StoneX Group Inc. | $127.50 | 6.69B | +169% | +64,309% | -85% | +99% | 14.48 | 1.86 | 0.03 | 10.73 | 132.57 | 2.70 | 1.95% | 1.55% | 0.23% | 14.97% | 9.90% | 0.84% | 7.79 | 1.39 | 1.57 | 0.71 | 8.51 | 1092.00% | 3253.00% | 87870.00% | 97.59% | 0.20 | 27.85% | 4.02% | 58.20% | 4.02% | 10.40 | 4.94 | 0.16 | 3.53 |
| UPST | Upstart Holdings, Inc. | $27.23 | 2.67B | +273% | +876% | -62% | +32% | 50.67 | 3.40 | 2.53 | 49.37 | — | 3.75 | 95.21% | 5.05% | 4.98% | 7.49% | 3.26% | 2.01% | 2.32 | 1.05 | 2.99 | 1.88 | 15.07 | -13125.00% | 5887.00% | -19421.00% | -6.12% | -0.37 | -10.12% | 0.00% | 0.00% | 0.00% | 71.94 | -23.53 | 3.63 | 1.32 |
About Nelnet, Inc.
Nelnet, Inc. engages in loan servicing, communications, education technology, services, and payment processing businesses worldwide. The Loan Servicing and Systems segment provides loan conversion, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliation, and claim processing services. This segment also provides student loan servicing software; business process outsourcing services specialized in contact center management, such as inbound calls, outreach campaigns and sales, and interacting with customers through multi-channels. The Education Technology, Services, and Payment Processing segment offers financial management services; school information system software; website design and cost effective admissions software; FACTS Giving, a donation platform; and customized professional development and coaching services, educational instruction services, and technology products that aid in teacher and student evaluations. It also offers tuition payment plans, and service and technology for student billings, payments, and refunds; solutions for in-person, online, and mobile payment experiences on campus; payment processing services, such as credit card and electronic transfer; faith community engagement, giving management, and learning management services and technologies; and an integrated commerce payment platform, financial management, and tuition payment plan services, as well as a school management platform that provides administrative, information management, financial management, and communication functions for K-12 schools. The Communications segment provides fiber optic service to homes and businesses for internet, television, and telephone services. The Asset Generation and Management segment acquires, manages, and owns loan assets. The Nelnet Bank segment operates internet industrial banks. The company was founded in 1978 and is headquartered in Lincoln, Nebraska.
- CEO
- Jeffrey R. Noordhoek
- Employees
- 6.74K
- Beta
- 0.82
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($69.13 ÷ $141.66) − 1 = -51.2% (DCF, example).