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SL Green Realty (SL Green Realty) Shiller PE Ratio : 20.83 (As of Apr. 26, 2024)


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What is SL Green Realty Shiller PE Ratio?

As of today (2024-04-26), SL Green Realty's current share price is $50.61. SL Green Realty's E10 for the quarter that ended in Dec. 2023 was $2.43. SL Green Realty's Shiller PE Ratio for today is 20.83.

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

SLG' s Shiller PE Ratio Range Over the Past 10 Years
Min: 6.07   Med: 22.61   Max: 33.82
Current: 20.83

During the past years, SL Green Realty's highest Shiller PE Ratio was 33.82. The lowest was 6.07. And the median was 22.61.

SLG's Shiller PE Ratio is ranked worse than
71.69% of 445 companies
in the REITs industry
Industry Median: 11.36 vs SLG: 20.83

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

SL Green Realty's adjusted earnings per share data for the three months ended in Dec. 2023 was $-2.450. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.43 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


SL Green Realty Shiller PE Ratio Historical Data

The historical data trend for SL Green Realty's Shiller PE 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 Shiller PE Ratio Chart

SL Green Realty Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.40 17.83 20.95 9.99 18.60

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
Shiller PE 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 7.04 10.72 13.64 18.60 -

Competitive Comparison of SL Green Realty's Shiller PE Ratio

For the REIT - Office subindustry, SL Green Realty's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio Distribution in the REITs Industry

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

* The bar in red indicates where SL Green Realty's Shiller PE Ratio falls into.



SL Green Realty Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

SL Green Realty's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=50.61/2.43
=20.83

* 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 E10 for the quarter that ended in Dec. 2023 is calculated as:

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

Adj_EPS=Earnings per Share (Diluted)/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-2.45/129.4194*129.4194
=-2.450

Current CPI (Dec. 2023) = 129.4194.

SL Green Realty Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201403 1.575 99.695 2.045
201406 2.532 100.560 3.259
201409 0.700 100.428 0.902
201412 0.607 99.070 0.793
201503 0.453 99.621 0.588
201506 -0.401 100.684 -0.515
201509 1.688 100.392 2.176
201512 1.039 99.792 1.347
201603 0.237 100.470 0.305
201606 1.369 101.688 1.742
201609 0.350 101.861 0.445
201612 0.453 101.863 0.576
201703 0.113 102.862 0.142
201706 0.082 103.349 0.103
201709 0.412 104.136 0.512
201712 0.298 104.011 0.371
201803 1.153 105.290 1.417
201806 1.225 106.317 1.491
201809 1.060 106.507 1.288
201812 -0.751 105.998 -0.917
201903 0.535 107.251 0.646
201906 1.997 108.070 2.392
201909 0.412 108.329 0.492
201912 0.216 108.420 0.258
202003 1.510 108.902 1.794
202006 0.760 108.767 0.904
202009 0.190 109.815 0.224
202012 2.410 109.897 2.838
202103 -0.120 111.754 -0.139
202106 1.560 114.631 1.761
202109 5.910 115.734 6.609
202112 -0.820 117.630 -0.902
202203 0.110 121.301 0.117
202206 -0.700 125.017 -0.725
202209 0.110 125.227 0.114
202212 -1.010 125.222 -1.044
202303 -0.630 127.348 -0.640
202306 -5.630 128.729 -5.660
202309 -0.380 129.860 -0.379
202312 -2.450 129.419 -2.450

Add all the adjusted EPS together and divide 10 will get our E10.

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) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


SL Green Realty Shiller PE Ratio Related Terms

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


SL Green Realty (SL Green Realty) Business Description

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