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SLM Corp SLM

Nasdaq · stock · Personal Credit Institutions · website · IPO 1983-09-23 · LEI

SLM Corp statistics & valuation

Market cap$4.8B
P / E6.4×
P / B2.0×
Dividend yield2.24%
Return on equity30.4%
Net debt$1.1B
Enterprise value USD$5.9B
Graham number +7.5%$30.08

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($30.08); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
10.70% 11.70% 16.40% 17.50% 34.40% 54.00% 27.20% 30.90% 28.20% 30.40% 2016201720182019202020212022202320242025
Shares outstanding
432.9M 438.6M 439.7M 430.7M 387.2M 319.9M 261.5M 234.1M 219.9M 210.9M 2016201720182019202020212022202320242025
Net debt ($)
$249.2M $1.74B $1.73B -$1.21B $733.9M $1.60B $619.0M $1.08B $1.74B $1.12B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
1.40% 1.30% 1.80% 1.80% 2.90% 4.00% 1.60% 2.00% 2.00% 2.50% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
0.92× 1.32× 1.44× 1.31× 2.02× 2.76× 3.03× 2.78× 2.98× 2.19× 2016201720182019202020212022202320242025
EPS ($)
$0.53 $0.62 $1.07 $1.30 $2.25 $3.61 $1.76 $2.41 $2.68 $3.46 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

SLM Corp trades at about 8.1× earnings — below its 10-year norm (10-year range 5.1×–22.4×, median 10×).

5.1× 22.4×

Shaded band = 10-year range (5.1×–22.4×); dot = today's 8.1×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Return on assets2.5%2.0%2.0%1.6%4.0%2.9%1.8%1.8%1.3%1.4%
Return on equity30.4%28.2%30.9%27.2%54.0%34.4%17.5%16.4%11.7%10.7%
Debt / equity2.19×2.98×2.78×3.03×2.76×2.02×1.31×1.44×1.32×0.92×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.