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SL Green Realty (SL Green Realty) Cyclically Adjusted PS Ratio : 2.86 (As of Apr. 27, 2024)


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What is SL Green Realty Cyclically Adjusted PS Ratio?

As of today (2024-04-27), SL Green Realty's current share price is $50.61. SL Green Realty's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $17.70. SL Green Realty's Cyclically Adjusted PS Ratio for today is 2.86.

The historical rank and industry rank for SL Green Realty's Cyclically Adjusted PS Ratio or its related term are showing as below:

SLG' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.15   Med: 5.93   Max: 9.27
Current: 2.87

During the past years, SL Green Realty's highest Cyclically Adjusted PS Ratio was 9.27. The lowest was 1.15. And the median was 5.93.

SLG's Cyclically Adjusted PS Ratio is ranked better than
72.65% of 490 companies
in the REITs industry
Industry Median: 4.995 vs SLG: 2.87

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

SL Green Realty's adjusted revenue per share data for the three months ended in Dec. 2023 was $4.411. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $17.70 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


SL Green Realty Cyclically Adjusted PS Ratio Historical Data

The historical data trend for SL Green Realty's Cyclically Adjusted PS Ratio 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.

* Premium members only.

SL Green Realty Cyclically Adjusted PS Ratio Chart

SL Green Realty Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.87 3.82 4.32 1.90 2.55

SL Green Realty Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PS Ratio 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 1.32 1.68 2.09 2.55 -

Competitive Comparison of SL Green Realty's Cyclically Adjusted PS Ratio

For the REIT - Office subindustry, SL Green Realty's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


SL Green Realty's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, SL Green Realty's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where SL Green Realty's Cyclically Adjusted PS Ratio falls into.



SL Green Realty Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

SL Green Realty's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=50.61/17.7
=2.86

* 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.

SL Green Realty's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, SL Green Realty's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=4.411/129.4194*129.4194
=4.411

Current CPI (Dec. 2023) = 129.4194.

SL Green Realty Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 3.779 99.695 4.906
201406 3.938 100.560 5.068
201409 4.028 100.428 5.191
201412 3.947 99.070 5.156
201503 3.959 99.621 5.143
201506 4.228 100.684 5.435
201509 4.279 100.392 5.516
201512 4.205 99.792 5.453
201603 4.496 100.470 5.791
201606 6.066 101.688 7.720
201609 4.079 101.861 5.183
201612 3.660 101.863 4.650
201703 3.680 102.862 4.630
201706 3.913 103.349 4.900
201709 3.759 104.136 4.672
201712 3.690 104.011 4.591
201803 3.260 105.290 4.007
201806 3.365 106.317 4.096
201809 3.500 106.507 4.253
201812 4.154 105.998 5.072
201903 3.566 107.251 4.303
201906 3.686 108.070 4.414
201909 3.722 108.329 4.447
201912 3.713 108.420 4.432
202003 3.912 108.902 4.649
202006 3.250 108.767 3.867
202009 3.313 109.815 3.904
202012 3.532 109.897 4.159
202103 3.140 111.754 3.636
202106 3.043 114.631 3.436
202109 2.953 115.734 3.302
202112 3.030 117.630 3.334
202203 2.676 121.301 2.855
202206 2.919 125.017 3.022
202209 3.084 125.227 3.187
202212 4.965 125.222 5.131
202303 3.279 127.348 3.332
202306 3.235 128.729 3.252
202309 2.536 129.860 2.527
202312 4.411 129.419 4.411

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

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.


SL Green Realty  (NYSE:SLG) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


SL Green Realty Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of SL Green Realty's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


SL Green Realty (SL Green Realty) Business Description

Industry
Address
One Vanderbilt Avenue, New York, NY, USA, 10017
SL Green Realty is one of the largest Manhattan property owners and landlords, with interest in around 35 million square feet of wholly owned and joint-venture office space. The company has additional property exposure through its limited portfolio of well-located retail space. It operates as a real estate investment trust.
Executives
Andrew W Mathias director, officer: President
Burton Edwin T Iii director C/O SL GREEN REALTY CORP, 420 LEXINGTON SUITE 1900, NEW YORK NY 10170
Betsy S Atkins director
Craig M Hatkoff director ONE WEST 72ND STREET, NEWYORK NY 10023
Carol N Brown director SL GREEN REALTY CORP., ONE VANDERBILT AVENUE, NEW YORK NY 10017
Matthew J. Diliberto officer: Chief Financial Officer SL GREEN REALTY CORP., 420 LEXINGTON AVENUE, NEW YORK NY 10179
Andrew S Levine officer: Chief Legal Officer & GC C/O SL GREEN REALTY CORP, 420 LEXINGTON SUITE 1900, NEW YORK NY 10170
Alschuler John H Jr director C/O SL GREEN REALTY CORP, 420 LEXINGTON SUITE 1900, NEW YORK NY 10170
Stephen L Green officer: Chairman of the Board C/O SL GREEN REALITY CORP, 420 LEXINGTON AVE SUITE 1900, NEW YORK NY 10170
Marc Holliday director, officer: Chief Executive Officer C/O SL GREEN REALTY CORP, 420 LEXINGTON SUITE 1900, NEW YORK NY 10170
John S Levy director C/O SL GREEN REALTY CORP, 420 LEXINGTON SUITE 1900, NEW YORK NY 10170
Lauren B. Dillard director SL GREEN REALTY CORP., 420 LEXINGTON AVENUE, NEW YORK NY 10170
James E Mead officer: Chief Financial Officer C/O STRATEGIC HOTEL CAPITAL, INC., 77 WEST WACKER DRIVE, SUITE 4600, CHICAGO IL 60601
Gregory F Hughes officer: Chief Financial Officer
Gerry Nocera officer: Executive Vice President C/O SL GREEN REALTY CORP, 420 LEXINGTON SUITE 1900, NEW YORK NY 10170