SL Green Realty (FRA:GEI) Cyclically Adjusted FCF per Share: €3.52 (As of Jun. 2026)

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FRA:GEI SL Green Realty Corp FRA:GEI
56 GF Score
Price €44.74
GF Value €42.13
Valuation Fairly Valued
! 12 Warning Signs
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What is SL Green Realty Cyclically Adjusted FCF per Share?

SL Green Realty FRA:GEI -0.40% 56 Cyclically Adjusted FCF per Share is €3.52 as of Jun. 2026. GuruFocus rates FRA:GEI with a GF Score™ of 56/100 and a GF Value™ of €42.13 (Fairly Valued). The stock has 12 warning signs investors should review.

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 FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

SL Green Realty's adjusted free cash flow per share for the three months ended in Jun. 2026 was €0.834. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is €3.52 for the trailing ten years ended in Jun. 2026.

During the past 12 months, SL Green Realty's average Cyclically Adjusted FCF Growth Rate was -10.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -4.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 1.90% 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 FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of SL Green Realty was 18.00% per year. The lowest was -4.40% per year. And the median was 8.40% per year.

As of today (2026-09-17), SL Green Realty's current stock price is €44.74. SL Green Realty's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was €3.52. SL Green Realty's Cyclically Adjusted Price-to-FCF of today is 12.70.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of SL Green Realty was 53.96. The lowest was 3.39. And the median was 13.03.


SL Green Realty  (FRA:GEI) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF 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 Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

SL Green Realty's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=44.74/3.524
=12.70

* 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 Price-to-FCF of SL Green Realty was 53.96. The lowest was 3.39. And the median was 13.03.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


SL Green Realty Cyclically Adjusted FCF per Share Related Terms


SL Green Realty Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

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

SL Green Realty Cyclically Adjusted FCF per Share Chart

SL Green Realty Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.08 4.12 4.16 4.01 3.77

SL Green Realty Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted FCF 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 3.79 3.73 3.74 3.69 3.52

FRA:GEI vs CDP, KRC, HIW: Cyclically Adjusted FCF per Share Comparison

For the REIT - Office subindustry, SL Green Realty's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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 Cyclically Adjusted Price-to-FCF vs REITs Industry

For the REITs industry and Real Estate sector, SL Green Realty's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where SL Green Realty's Cyclically Adjusted Price-to-FCF falls into.


FRA:GEI
56GF Score
SL Green Realty Corp FRA:GEI
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SL Green Realty Cyclically Adjusted FCF 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 FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

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

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow 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 FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF 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 Free Cash Flow per Share data for the three months ended in Jun. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.834/333.9520*333.9520
=0.834

Current CPI (Jun. 2026) = 333.9520.

SL Green Realty Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 0.369 241.428 0.510
201612 0.197 241.432 0.272
201703 0.446 243.801 0.611
201706 1.732 244.955 2.361
201709 1.635 246.819 2.212
201712 0.806 246.524 1.092
201803 1.682 249.554 2.251
201806 1.437 251.989 1.904
201809 0.422 252.439 0.558
201812 0.717 251.233 0.953
201903 0.521 254.202 0.684
201906 1.341 256.143 1.748
201909 0.472 256.759 0.614
201912 -0.089 256.974 -0.116
202003 -0.072 258.115 -0.093
202006 1.480 257.797 1.917
202009 0.309 260.280 0.396
202012 0.793 260.474 1.017
202103 -0.137 264.877 -0.173
202106 4.800 271.696 5.900
202109 4.141 274.310 5.041
202112 0.193 278.802 0.231
202203 0.455 287.504 0.529
202206 1.175 296.311 1.324
202209 0.512 296.808 0.576
202212 -0.484 296.797 -0.545
202303 0.324 301.836 0.358
202306 0.288 305.109 0.315
202309 0.768 307.789 0.833
202312 0.223 306.746 0.243
202403 -0.111 312.332 -0.119
202406 0.314 314.175 0.334
202409 -0.079 315.301 -0.084
202412 0.918 315.605 0.971
202503 -0.783 319.799 -0.818
202506 0.412 322.561 0.427
202509 -0.052 324.800 -0.053
202512 -0.453 324.054 -0.467
202603 0.682 330.213 0.690
202606 0.834 333.952 0.834

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

What does a Cyclically Adjusted FCF per Share of €3.52 mean?
SL Green Realty (FRA:GEI) has a Cyclically Adjusted FCF per Share of €3.52 as of Jun. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on SL Green Realty and its competitors.
Is SL Green Realty's Cyclically Adjusted FCF per Share too high?
SL Green Realty's current Cyclically Adjusted FCF per Share is €3.52. Overall, SL Green Realty has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SL Green Realty's Cyclically Adjusted FCF per Share compare to CDP and KRC?
SL Green Realty's Cyclically Adjusted FCF per Share of €3.52 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a REITs company?
A good Cyclically Adjusted FCF per Share depends on the REITs industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on SL Green Realty and its competitors. SL Green Realty's current Cyclically Adjusted FCF per Share is €3.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SL Green Realty stock overvalued right now?
Based on GuruFocus' analysis, SL Green Realty (FRA:GEI) is currently considered Fairly Valued. The stock's GF Value™ is €42.13, compared to a current price of €44.74 — trading 6.2% above its estimated fair value. The current Cyclically Adjusted FCF per Share is €3.52. SL Green Realty's overall GF Score™ is 56/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For SL Green Realty (FRA:GEI), the current Cyclically Adjusted FCF per Share is €3.52 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is SL Green Realty (FRA:GEI) Overvalued in 2026?

Based on GuruFocus' analysis, SL Green Realty stock appears to be overvalued. The current stock price of €44.74 is trading 6.2% above its estimated GF Value™ of €42.13. GuruFocus considers SL Green Realty to be Fairly Valued.

Key valuation signals for FRA:GEI:

  • Cyclically Adjusted FCF per Share: €3.52
  • GF Value™: €42.13 vs. price of €44.74 (6.2% above fair value)
  • GF Score™: 56/100 with 12 warning signs

No single metric tells the full story. See the FRA:GEI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SL Green Realty Business Description

Industry Real EstateREITs
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 31.4 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.
56GF Score

Get the complete analysis for FRA:GEI

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€44.74
Price
€42.13
GF Value