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SL Green Realty (MEX:SLG) Cyclically Adjusted PS Ratio : 3.09 (As of Jun. 24, 2024)


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What is SL Green Realty Cyclically Adjusted PS Ratio?

As of today (2024-06-24), SL Green Realty's current share price is MXN644.00. SL Green Realty's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was MXN208.28. SL Green Realty's Cyclically Adjusted PS Ratio for today is 3.09.

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

MEX:SLG' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.15   Med: 5.88   Max: 9.27
Current: 3.1

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 5.88.

MEX:SLG's Cyclically Adjusted PS Ratio is ranked better than
67.89% of 492 companies
in the REITs industry
Industry Median: 4.91 vs MEX:SLG: 3.10

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 MXN44.484. 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 MXN208.28 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
=644.00/208.28
=3.09

* 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)
=44.484/131.7762*131.7762
=44.484

Current CPI (Mar. 2024) = 131.7762.

SL Green Realty Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 51.070 100.560 66.924
201409 54.090 100.428 70.974
201412 58.215 99.070 77.434
201503 60.357 99.621 79.839
201506 66.336 100.684 86.821
201509 72.301 100.392 94.904
201512 72.309 99.792 95.484
201603 77.392 100.470 101.507
201606 112.176 101.688 145.367
201609 78.862 101.861 102.023
201612 75.454 101.863 97.612
201703 69.283 102.862 88.758
201706 70.723 103.349 90.176
201709 68.213 104.136 86.319
201712 72.477 104.011 91.824
201803 59.220 105.290 74.117
201806 66.130 106.317 81.966
201809 65.472 106.507 81.006
201812 81.568 105.998 101.405
201903 69.174 107.251 84.992
201906 70.806 108.070 86.338
201909 73.488 108.329 89.394
201912 70.022 108.420 85.106
202003 91.719 108.902 110.985
202006 75.012 108.767 90.880
202009 73.187 109.815 87.823
202012 70.263 109.897 84.252
202103 64.187 111.754 75.687
202106 60.576 114.631 69.636
202109 60.713 115.734 69.128
202112 62.162 117.630 69.638
202203 53.291 121.301 57.893
202206 58.717 125.017 61.892
202209 62.028 125.227 65.272
202212 96.792 125.222 101.858
202303 64.412 127.348 66.652
202306 55.457 128.729 56.770
202309 44.180 129.860 44.832
202312 74.878 129.419 76.242
202403 44.484 131.776 44.484

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  (MEX:SLG) 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 (MEX:SLG) 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 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.