P/E ratio for Nelnet (NNI)
P/E ratio as of April 2024 (TTM): 18.6
According to Nelnet's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.6405. At the end of 2022 the company had a P/E ratio of 8.40.
P/E ratio history for Nelnet from 2003 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.40 | -12.26% |
| 2021 | 9.58 | 23.13% |
| 2020 | 7.78 | -52.86% |
| 2019 | 16.5 | 75.58% |
| 2018 | 9.40 | -28.98% |
| 2017 | 13.2 | 56.96% |
| 2016 | 8.43 | 47.91% |
| 2015 | 5.70 | -18.44% |
| 2014 | 6.99 | 7.79% |
| 2013 | 6.48 | -18.17% |
| 2012 | 7.92 | 36.96% |
| 2011 | 5.78 | -6.96% |
| 2010 | 6.22 | 0.68% |
| 2009 | 6.18 | -75% |
| 2008 | 24.7 | 26.35% |
| 2007 | 19.6 | -10.66% |
| 2006 | 21.9 | 81.32% |
| 2005 | 12.1 | 24.61% |
| 2004 | 9.69 | -74.49% |
| 2003 | 38.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Fidelity National Information Services FIS | -1.81 | -109.70% | 🇺🇸 USA |
 ACI Worldwide
ACIW | 41.8 | 124.38% | 🇺🇸 USA |
 Thomson Reuters
TRI | 30.9 | 65.72% | 🇨🇦 Canada |
 Houghton Mifflin Harcourt HMHC | 12.6 | -32.44% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.