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SL Green Realty (MEX:SLG) Cyclically Adjusted PB Ratio : 0.67 (As of Sep. 26, 2024)


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What is SL Green Realty Cyclically Adjusted PB Ratio?

As of today (2024-09-26), SL Green Realty's current share price is MXN644.00. SL Green Realty's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was MXN962.02. SL Green Realty's Cyclically Adjusted PB Ratio for today is 0.67.

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

MEX:SLG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.24   Med: 1.17   Max: 2.24
Current: 0.83

During the past years, SL Green Realty's highest Cyclically Adjusted PB Ratio was 2.24. The lowest was 0.24. And the median was 1.17.

MEX:SLG's Cyclically Adjusted PB Ratio is ranked better than
50.7% of 503 companies
in the REITs industry
Industry Median: 0.84 vs MEX:SLG: 0.83

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 adjusted book value per share data for the three months ended in Jun. 2024 was MXN980.639. 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 MXN962.02 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


SL Green Realty Cyclically Adjusted PB Ratio Historical Data

The historical data trend for SL Green Realty's Cyclically Adjusted PB 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 PB Ratio Chart

SL Green Realty Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.28 0.82 0.90 0.40 0.53

SL Green Realty Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Cyclically Adjusted PB 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 0.35 0.43 0.53 0.65 0.67

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

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 PB Ratio Calculation

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

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=644.00/962.02
=0.67

* 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 Book per Share for the quarter that ended in Jun. 2024 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=980.639/132.5538*132.5538
=980.639

Current CPI (Jun. 2024) = 132.5538.

SL Green Realty Quarterly Data

Book Value per Share CPI Adj_Book
201409 983.044 100.428 1,297.511
201412 1,079.502 99.070 1,444.358
201503 1,125.349 99.621 1,497.366
201506 1,151.964 100.684 1,516.600
201509 1,261.310 100.392 1,665.394
201512 1,288.940 99.792 1,712.093
201603 1,284.373 100.470 1,694.514
201606 1,390.918 101.688 1,813.108
201609 1,446.475 101.861 1,882.327
201612 1,544.497 101.863 2,009.852
201703 1,395.424 102.862 1,798.219
201706 1,308.583 103.349 1,678.366
201709 1,302.938 104.136 1,658.505
201712 1,347.503 104.011 1,717.284
201803 1,354.599 105.290 1,705.367
201806 1,451.172 106.317 1,809.294
201809 1,388.857 106.507 1,728.514
201812 1,413.474 105.998 1,767.595
201903 1,377.687 107.251 1,702.721
201906 1,381.527 108.070 1,694.527
201909 1,405.204 108.329 1,719.433
201912 1,318.270 108.420 1,611.709
202003 1,638.264 108.902 1,994.078
202006 1,627.643 108.767 1,983.595
202009 1,550.810 109.815 1,871.930
202012 1,443.745 109.897 1,741.396
202103 1,424.327 111.754 1,689.419
202106 1,380.327 114.631 1,596.138
202109 1,535.905 115.734 1,759.116
202112 1,453.770 117.630 1,638.218
202203 1,398.549 121.301 1,528.289
202206 1,395.972 125.017 1,480.132
202209 1,396.666 125.227 1,478.388
202212 1,321.265 125.222 1,398.628
202303 1,186.832 127.348 1,235.350
202306 1,030.703 128.729 1,061.330
202309 1,015.942 129.860 1,037.021
202312 934.749 129.419 957.388
202403 899.823 131.776 905.133
202406 980.639 132.554 980.639

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


SL Green Realty  (MEX:SLG) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value 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 PB Ratio should give similar results to regular PB Ratio.


SL Green Realty Cyclically Adjusted PB Ratio Related Terms

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


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 32 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.