Stock fact sheet · data as of
SLM Corporation (SLMBP): fair value, margin of safety and Wheel Score
Financial Services · Financial - Credit Services · United States · Value
Is SLMBP undervalued?
At 72.40 (close of 16 Oct 2026), SLMBP trades 64% below the GLS average fair value of 198.98. That average comes from 9 models run on the latest filings, and 6 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns SLM Corporation the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
The 9 models disagree widely: DDM gives 7.65 while GLS Growth gives 779.78. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files SLMBP under Value: positive earnings at a P/E of 18 or less.
Nine valuation models for SLMBP
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 34.44 | -52% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 33.94 | -53% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 368.41 | +409% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 134.26 | +85% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 779.78 | +977% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 154.47 | +113% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 136.39 | +88% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 7.65 | -89% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 141.53 | +95% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -237.14 | -428% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 40.00 | -45% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - SLMBP passes 6 of the nine Piotroski tests, which passes the Sunday Scan's "6 or more" rule. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is 8.0 out of 10, built from ten years of revenue, earnings, margins, cash flow, share count and returns on capital scored for consistency - a high reading that points to a durable business.
Returns on capital are moderate - ROIC 9.0%, ROE 30.4%, ROA 2.5% - with debt at 2.39 times equity and a free-cash-flow yield of 15.6%. Debt of 2.39 times equity is on the high side for the sector and is worth checking against the cash flow before treating the stock as a long-term hold.
The dividend yield is 2.35% at a payout ratio of 94%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Business Services 58%, Core Earnings 38%, Ffelp Loans 4% (quarter Q1 FY2014).
Institutional ownership scores 1/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 9.0% |
|---|---|---|---|
| GLS Moat | 8.0 / 10 | ROE | 30.4% |
| Debt / equity | 2.39 | ROA | 2.5% |
| Free-cash-flow yield | 15.6% | Payout ratio | 94% |
| Institutions | 1 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 39: No options
SLMBP has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business; the Wheel Score is capped at 39 and shown as "No options" (39 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 2k shares a day on a market cap of $6.5B, with a beta of 0.95; the Stability part of the Wheel Score gives that 11 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 64% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 12 / 15 | moat 8.0/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 11 / 20 | 2k shares/day, $6.5B cap, beta 0.95 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
SLM Corporation reports earnings on 22 Oct 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Financial - Credit Services
The 12 companies below are the closest to SLM Corporation by market cap within the Financial - Credit Services industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| OMF OneMain Holdings, Inc. | 55.79 | 208.50 | +73% | 91Prime | $6.4B |
| CACC Credit Acceptance Corporation | 549.87 | 1,267.63 | +57% | 84Prime | $5.7B |
| KLAR Klarna Group plc | 13.51 | 8.66 | -56% | 45Weak | $5.1B |
| NNI Nelnet, Inc. | 128.02 | 170.39 | +25% | 79Good | $4.6B |
| JSM Navient Corporation SR NT 6% 121543 | 16.50 | 46.00 | +64% | 39No options | $4.5B |
| FCFS FirstCash Holdings, Inc | 216.71 | 226.68 | +4% | 75Good | $9.4B |
| ENVA Enova International, Inc. | 177.52 | 662.55 | +73% | 83Prime | $4.4B |
| SLM SLM Corporation | 22.17 | 82.62 | +73% | 93Prime | $4.2B |
| SEZL Sezzle Inc. | 123.11 | 191.61 | +36% | 78Good | $4.2B |
| BFH Bread Financial Holdings, Inc. | 101.31 | 439.49 | +77% | 85Prime | $3.9B |
| ALLY Ally Financial Inc. | 37.73 | 71.73 | +47% | 86Prime | $11.5B |
| KKRS KKR Group Finance Co. IX LLC 4. | 15.43 | 58.82 | +74% | 39No options | $13.7B |
⚖ Compare SLMBP with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about SLMBP
Is SLMBP undervalued right now?
By the GLS models, yes: at 72.40 the stock is 64% below the average fair value of 198.98 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of SLMBP and what does it mean?
SLMBP has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for SLMBP?
198.98 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does SLM Corporation report earnings next?
The next earnings report is due on 22 Oct 2026 (after the close), 6 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does SLMBP have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on SLMBP, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.