GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » SL Green Realty Corp (FRA:GEI) » Definitions » Cyclically Adjusted PS Ratio

SL Green Realty (FRA:GEI) Cyclically Adjusted PS Ratio : 2.95 (As of May. 21, 2024)


View and export this data going back to 1997. Start your Free Trial

What is SL Green Realty Cyclically Adjusted PS Ratio?

As of today (2024-05-21), SL Green Realty's current share price is €48.38. SL Green Realty's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €16.42. SL Green Realty's Cyclically Adjusted PS Ratio for today is 2.95.

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

FRA:GEI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.15   Med: 5.9   Max: 9.27
Current: 2.95

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 5.90.

FRA:GEI's Cyclically Adjusted PS Ratio is ranked better than
71.63% of 490 companies
in the REITs industry
Industry Median: 4.985 vs FRA:GEI: 2.95

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 Mar. 2024 was €2.466. 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 €16.42 for the trailing ten years ended in Mar. 2024.

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 1.31 1.68 2.09 2.55 3.09

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
=48.38/16.42
=2.95

* 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 Mar. 2024 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=2.466/131.7762*131.7762
=2.466

Current CPI (Mar. 2024) = 131.7762.

SL Green Realty Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.898 100.560 3.798
201409 3.126 100.428 4.102
201412 3.201 99.070 4.258
201503 3.658 99.621 4.839
201506 3.767 100.684 4.930
201509 3.812 100.392 5.004
201512 3.860 99.792 5.097
201603 4.037 100.470 5.295
201606 5.398 101.688 6.995
201609 3.634 101.861 4.701
201612 3.470 101.863 4.489
201703 3.440 102.862 4.407
201706 3.482 103.349 4.440
201709 3.154 104.136 3.991
201712 3.118 104.011 3.950
201803 2.644 105.290 3.309
201806 2.881 106.317 3.571
201809 3.000 106.507 3.712
201812 3.652 105.998 4.540
201903 3.156 107.251 3.878
201906 3.262 108.070 3.978
201909 3.380 108.329 4.112
201912 3.341 108.420 4.061
202003 3.540 108.902 4.284
202006 2.886 108.767 3.497
202009 2.813 109.815 3.376
202012 2.904 109.897 3.482
202103 2.638 111.754 3.111
202106 2.526 114.631 2.904
202109 2.510 115.734 2.858
202112 2.682 117.630 3.005
202203 2.430 121.301 2.640
202206 2.761 125.017 2.910
202209 3.115 125.227 3.278
202212 4.687 125.222 4.932
202303 3.338 127.348 3.454
202306 2.986 128.729 3.057
202309 2.377 129.860 2.412
202312 4.045 129.419 4.119
202403 2.466 131.776 2.466

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  (FRA:GEI) 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 (FRA:GEI) Business Description

Industry
Traded in Other Exchanges
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.

SL Green Realty (FRA:GEI) Headlines

No Headlines