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SL Green Realty (MEX:SLG) Cyclically Adjusted Book per Share : MXN994.91 (As of Mar. 2024)


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What is SL Green Realty Cyclically Adjusted Book per Share?

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. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

SL Green Realty's adjusted book value per share for the three months ended in Mar. 2024 was MXN899.823. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is MXN994.91 for the trailing ten years ended in Mar. 2024.

During the past 12 months, SL Green Realty's average Cyclically Adjusted Book Growth Rate was -0.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.00% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 3.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of SL Green Realty was 11.60% per year. The lowest was 1.70% per year. And the median was 5.90% per year.

As of today (2024-06-24), SL Green Realty's current stock price is MXN644.00. SL Green Realty's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was MXN994.91. SL Green Realty's Cyclically Adjusted PB Ratio of today is 0.65.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of SL Green Realty was 2.24. The lowest was 0.24. And the median was 1.30.


SL Green Realty Cyclically Adjusted Book per Share Historical Data

The historical data trend for SL Green Realty's Cyclically Adjusted Book per Share 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 Book per Share Chart

SL Green Realty Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 1,206.59

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 Book per Share 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 - 1,226.90 1,482.41 1,206.59 994.91

Competitive Comparison of SL Green Realty's Cyclically Adjusted Book per Share

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

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

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



SL Green Realty Cyclically Adjusted Book per Share Calculation

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. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book 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.

For example, SL Green Realty's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=899.823/131.7762*131.7762
=899.823

Current CPI (Mar. 2024) = 131.7762.

SL Green Realty Quarterly Data

Book Value per Share CPI Adj_Book
201406 943.822 100.560 1,236.813
201409 983.044 100.428 1,289.900
201412 1,079.502 99.070 1,435.885
201503 1,125.349 99.621 1,488.582
201506 1,151.964 100.684 1,507.703
201509 1,261.310 100.392 1,655.625
201512 1,288.940 99.792 1,702.050
201603 1,284.373 100.470 1,684.574
201606 1,390.918 101.688 1,802.471
201609 1,446.475 101.861 1,871.285
201612 1,544.497 101.863 1,998.062
201703 1,395.424 102.862 1,787.670
201706 1,308.583 103.349 1,668.521
201709 1,302.938 104.136 1,648.775
201712 1,347.503 104.011 1,707.210
201803 1,354.599 105.290 1,695.363
201806 1,451.172 106.317 1,798.680
201809 1,388.857 106.507 1,718.374
201812 1,413.474 105.998 1,757.226
201903 1,377.687 107.251 1,692.732
201906 1,381.527 108.070 1,684.586
201909 1,405.204 108.329 1,709.346
201912 1,318.270 108.420 1,602.255
202003 1,638.264 108.902 1,982.380
202006 1,627.643 108.767 1,971.959
202009 1,550.810 109.815 1,860.948
202012 1,443.745 109.897 1,731.181
202103 1,424.327 111.754 1,679.508
202106 1,380.327 114.631 1,586.775
202109 1,535.905 115.734 1,748.796
202112 1,453.770 117.630 1,628.608
202203 1,398.549 121.301 1,519.324
202206 1,395.972 125.017 1,471.449
202209 1,396.666 125.227 1,469.716
202212 1,321.265 125.222 1,390.423
202303 1,186.832 127.348 1,228.103
202306 1,030.703 128.729 1,055.104
202309 1,015.942 129.860 1,030.937
202312 934.749 129.419 951.771
202403 899.823 131.776 899.823

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


SL Green Realty  (MEX:SLG) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

SL Green Realty's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=644.00/994.91
=0.65

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of SL Green Realty was 2.24. The lowest was 0.24. And the median was 1.30.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


SL Green Realty Cyclically Adjusted Book per Share Related Terms

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


SL Green Realty (MEX:SLG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » SL Green Realty Corp (MEX:SLG) » Definitions » Cyclically Adjusted Book per Share
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.