Nelnet (FRA:NIJ) E10: €7.33 (As of Jun. 2026)

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FRA:NIJ Nelnet Inc FRA:NIJ
61 GF Score
Price €107.00
GF Value €128.97
! 2 Warning Signs
View Full Analysis

What is Nelnet E10?

Nelnet FRA:NIJ +0.94% 61 E10 is €7.33 as of Jun. 2026. GuruFocus rates FRA:NIJ with a GF Score™ of 61/100 and a GF Value™ of €128.97. The stock has 2 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Nelnet's adjusted earnings per share data for the three months ended in Jun. 2026 was €1.606. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €7.33 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Nelnet's average E10 Growth Rate was 6.00% per year. During the past 3 years, the average E10 Growth Rate was 0.30% per year. During the past 5 years, the average E10 Growth Rate was 4.90% per year. During the past 10 years, the average E10 Growth Rate was 8.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Nelnet was 13.70% per year. The lowest was 0.30% per year. And the median was 9.30% per year.

As of today (2026-09-11), Nelnet's current stock price is €107.00. Nelnet's E10 for the quarter that ended in Jun. 2026 was €7.33. Nelnet's Shiller PE Ratio of today is 14.60.

During the past 13 years, the highest Shiller PE Ratio of Nelnet was 17.45. The lowest was 7.13. And the median was 11.80.


Nelnet  (FRA:NIJ) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Nelnet's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=107.00/7.33
=14.60

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Shiller P/E Ratio of Nelnet was 17.45. The lowest was 7.13. And the median was 11.80.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Nelnet E10 Related Terms


Nelnet E10 Historical Data

* Premium members only.

The historical data trend for Nelnet's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nelnet E10 Chart

Nelnet Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.04 7.41 6.81 7.04 6.82

Nelnet Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.69 6.88 6.82 7.15 7.33

FRA:NIJ vs SEZL, SLM, BFH: E10 Comparison

For the Credit Services subindustry, Nelnet's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nelnet Shiller PE Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Nelnet's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Nelnet's Shiller PE Ratio falls into.


FRA:NIJ
61GF Score
Nelnet Inc FRA:NIJ
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nelnet E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Nelnet's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.606/333.9520*333.9520
=1.606

Current CPI (Jun. 2026) = 333.9520.

Nelnet Quarterly Data

per share eps CPI Adj_EPS
201609 1.764 241.428 2.440
201612 2.199 241.432 3.042
201703 1.103 243.801 1.511
201706 0.605 244.955 0.825
201709 0.931 246.819 1.260
201712 0.989 246.524 1.340
201803 2.255 249.554 3.018
201806 1.036 251.989 1.373
201809 0.900 252.439 1.191
201812 0.466 251.233 0.619
201903 0.912 254.202 1.198
201906 0.540 256.143 0.704
201909 0.754 256.759 0.981
201912 0.954 256.974 1.240
202003 -0.914 258.115 -1.183
202006 1.962 257.797 2.542
202009 1.579 260.280 2.026
202012 5.014 260.474 6.428
202103 2.688 264.877 3.389
202106 1.793 271.696 2.204
202109 1.173 274.310 1.428
202112 3.062 278.802 3.668
202203 4.458 287.504 5.178
202206 2.138 296.311 2.410
202209 2.828 296.808 3.182
202212 0.784 296.797 0.882
202303 0.663 301.836 0.734
202306 0.674 305.109 0.738
202309 1.106 307.789 1.200
202312 -0.193 306.746 -0.210
202403 1.822 312.332 1.948
202406 1.143 314.175 1.215
202409 0.063 315.301 0.067
202412 1.652 315.605 1.748
202503 2.090 319.799 2.182
202506 4.309 322.561 4.461
202509 2.505 324.800 2.576
202512 1.366 324.054 1.408
202603 1.704 330.213 1.723
202606 1.606 333.952 1.606

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of €7.33 mean?
Nelnet (FRA:NIJ) has a E10 of €7.33 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Nelnet and its competitors.
Is Nelnet's E10 too high?
Nelnet's current E10 is €7.33. Overall, Nelnet has a GF Score™ of 61/100, reflecting its overall financial health beyond just this single metric.
How does Nelnet's E10 compare to SEZL and SLM?
Nelnet's E10 of €7.33 can be compared against companies in the Credit Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Credit Services company?
A good E10 depends on the Credit Services industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Nelnet and its competitors. Nelnet's current E10 is €7.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nelnet stock overvalued right now?
Nelnet (FRA:NIJ) has a current E10 of €7.33. The stock's GF Value™ is €128.97, compared to a current price of €107.00 — trading 17% below its estimated fair value. The current E10 is €7.33. Nelnet's overall GF Score™ is 61/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Nelnet (FRA:NIJ), the current E10 is €7.33 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Nelnet (FRA:NIJ) Overvalued in 2026?

Based on GuruFocus' analysis, Nelnet stock appears to be undervalued. The current stock price of €107.00 is trading 17% below its estimated GF Value™ of €128.97.

Key valuation signals for FRA:NIJ:

  • E10: €7.33
  • GF Value™: €128.97 vs. price of €107.00 (17% below fair value)
  • GF Score™: 61/100 with 2 warning signs

No single metric tells the full story. See the FRA:NIJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nelnet Business Description

Other Exchanges NNI:USA
Address 121 South 13th Street, Suite 100, Lincoln, NE, USA, 68508
Nelnet Inc is a United States based company engaged in these four reportable segments; Loan Servicing and Systems, which focuses on student and consumer loan origination services and servicing, loan origination and servicing-related technology solutions, and outsourcing business services; Education Technology Services and Payments segment provides education services, payment technology, and community management solutions for K-12 schools, institutions, churches, and businesses; Asset Generation and Management segment includes the acquisition and management of student and other loan assets; and Nelnet Bank focuses on the private education and unsecured consumer loan markets. Maximum revenue for the company is generated from its Asset Generation and Management.
61GF Score

Get the complete analysis for FRA:NIJ

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€107.00
Price
€128.97
GF Value