As of Jul 26, 2024, the SLM stock's PE ratio is 6.97. This takes into account the latest EPS of $3.26 and stock price of $22.73. The PE ratio marks a decrease of 9% from its last 4 quarters average of 7.6.
The PE ratio of SLM has averaged 10.85 over the last ten years. The current P/E ratio of 6.97 is 36% lower than the historical average. Looking back at the last ten years, SLM's PE ratio peaked in the Dec 2014 quarter at 23.7, when the price was $10.19 and the EPS was $0.43. The lowest point was in the Mar 2020 quarter, when it reached 3.93 with a price of $7.19 and an EPS of $1.83.
Maximum annual increase: 87.76% in 2016
Maximum annual decrease: -57.13% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 7.84 | -15.97% |
| 2022 | 9.33 | 74.07% |
| 2021 | 5.36 | -1.83% |
| 2020 | 5.46 | -19.71% |
| 2019 | 6.8 | -11.57% |
| 2018 | 7.69 | -57.13% |
| 2017 | 17.94 | -12.1% |
| 2016 | 20.41 | 87.76% |
| 2015 | 10.87 | -54.14% |
| 2014 | 23.7 | -46.79% |
Currently, SLM's PE ratio is higher than its 5-year average, but it is lower than its 3 and 10-year averages.
In comparison to its peer stocks LC and WRLD, SLM's PE ratio is lower.
| Stock name | PE ratio | Market cap |
|---|---|---|
| SLM SLM Corp | 6.97 | $4.94B |
| WRLD World Acceptance Corp | 8.93 | $702.32M |
| LC LendingClub Corp | 31.91 | $1.21B |
| FMCC Federal Home Loan Mortgage Corp | N/A | $851.58M |
As of Jul 26, 2024, SLM stock has a price to earnings ratio of 6.97.
Over the last 3 years, the average price to earnings ratio for SLM stock is 7.11.
Over the last 5 years, the average price to earnings ratio for SLM stock is 6.54.
Over the last ten years, the quarterly PE ratio reached its highest level at 23.7 in the Dec 2014 quarter.
SLM's price to earnings ratio is currently 36% below its 10-year historical average.
SLM's PE ratio of 6.97 is considered low because the company's stock price is trading at a lower multiple of earnings.
The P/E ratio is obtained by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Jul 26, 2024), SLM's share price is $22.73. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $3.26. Therefore, SLM's PE ratio for today is 6.97. PE RATIO(6.97) = STOCK PRICE($22.73) / TTM EPS($3.26)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.