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Nelnet price to free cash flow NNI

Market value divided by free cash flow over the last twelve months, since 2012.

Today, Oct 23, 2026
12.0×
10-year median
9.8×
Against its 10-year history
67th
percentile: 0 is its lowest day, 100 its highest
10-year range
3.8× to 143×
Peer median
13.6×

Nelnet's price to free cash flow is 12.0× as of Oct 23, 2026.

That is above its ten-year median of 9.8×, higher than on 67% of days in the last ten years.

Over that time it ranged from 3.8× in Sep 2022 to 143× in Sep 2018.

The median for 10 credit services stocks of a similar size is 13.6×.

Price to free cash flow over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far12.0×10.0×13.2×
202510.5×5.8×10.7×
20247.7×7.6×10.7×
202310.5×4.5×10.6×
20224.5×3.8×10.4×
202110.5×7.2×29.6×
202012.2×7.4×22.4×
201918.7×14.7×49.3×
201847.2×11.8×143×
201713.2×6.9×14.2×
20167.3×3.4×7.8×
20153.9×3.7×6.8×
20145.1×4.8×8.5×
20138.4×4.0×9.2×
20124.0×3.3×4.0×

Against its peers

Companies in Financial - Credit Services nearest Nelnet's size, closest first, today.

CompanyPrice to free cash flow
NNINelnet12.0×
SEZLSezzle13.6×
DAVEDave13.9×
PAYPaymentus26.4×
ENVAEnova International2.0×
BFHBread Financialn/m
FIGRFigure Technology Solutionsn/m
RELYRemitly Global14.7×
AMTMAmentum11.2×
SLMSLMn/m
TNETTrinet12.1×
Peer median13.6×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Nelnet

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.