SLM

SLM Corporation

Financial Services · $4.4B market cap

Verdict

Share price

$22.75

close of Oct 3, 2026

Fair value

$50.92

Sticker Price

Payback Price

$20.37

buy price

Undervalued

SLM is Undervalued: at $22.75 it trades 55% below its fair value of $50.92. Its buy price (Payback Price) is $20.37, 10% below today's price. Business quality is limited: none of the 5 key numbers clears the 10% bar.

How we valued it

Justified P/B (Financials). Most of its income comes from lending, so we value it like a bank: on its book value and how much it earns on it.

Business quality

0 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth3.5% a year✗
Equity per share growth-0.8% a year✗
Sales growth-4.2% a year✗
Free cash flow growth-11.2% a year✗
Return on invested capital7.7%✗

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Superinvestors

3 of the investors we track hold SLM. In Q2 2026, 1 opened a position. Who we track

Moves in Q2 2026

New position: Sarah Ketterer

Insider activity

Since Apr 1, 2026: no open-market purchases and 16 other filings (stock awards, tax withholding and similar). Why purchases matter

Other filings

About SLM Corporation

SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It provides retail deposit accounts, including high-yield savings accounts, money market accounts, and certificates of deposit; and interest-bearing omnibus accounts. The company was formerly known as New BLC Corporation and changed its…

Financial - Credit Services

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works