SLG (SL Green Realty) Cyclically Adjusted Revenue per Share: $16.66 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SLG SL Green Realty Corp SLG
57 GF Score
Price $56.09
GF Value $56.00
Valuation Fairly Valued
! 11 Warning Signs
View Full Analysis

What is SL Green Realty Cyclically Adjusted Revenue per Share?

SL Green Realty SLG -2.67% 57 Cyclically Adjusted Revenue per Share is $16.66 as of Jun. 2026. GuruFocus rates SLG with a GF Score™ of 57/100 and a GF Value™ of $56.00 (Fairly Valued). The stock has 11 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 Revenue per Share and 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 for the three months ended in Jun. 2026 was $3.527. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is $16.66 for the trailing ten years ended in Jun. 2026.

During the past 12 months, SL Green Realty's average Cyclically Adjusted Revenue Growth Rate was -3.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -1.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 0.40% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 0.60% 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 Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of SL Green Realty was 7.50% per year. The lowest was -1.60% per year. And the median was 2.75% per year.

As of today (2026-08-15), SL Green Realty's current stock price is $56.09. SL Green Realty's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $16.66. SL Green Realty's Cyclically Adjusted PS Ratio of today is 3.37.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of SL Green Realty was 7.36. The lowest was 1.15. And the median was 4.01.


SL Green Realty  (NYSE:SLG) Cyclically Adjusted Revenue per Share Explanation

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

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS 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 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 Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=56.09/16.66
=3.37

* 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 PS Ratio of SL Green Realty was 7.36. The lowest was 1.15. And the median was 4.01.


Be Aware

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


SL Green Realty Cyclically Adjusted Revenue per Share Related Terms


SL Green Realty Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

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

SL Green Realty Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.12 17.75 17.70 17.40 16.92

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 Revenue 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 17.30 17.17 16.92 16.96 16.66

SLG vs HIW, CDP, KRC: Cyclically Adjusted Revenue per Share Comparison

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 Cyclically Adjusted PS Ratio vs 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.


SLG
57GF Score
SL Green Realty Corp SLG
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SL Green Realty Cyclically Adjusted Revenue 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 Revenue per Share and 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.

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

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue 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 Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

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

For example, SL Green Realty's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=3.527/333.9520*333.9520
=3.527

Current CPI (Jun. 2026) = 333.9520.

SL Green Realty Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 4.079 241.428 5.642
201612 3.660 241.432 5.063
201703 3.680 243.801 5.041
201706 3.913 244.955 5.335
201709 3.759 246.819 5.086
201712 3.690 246.524 4.999
201803 3.260 249.554 4.363
201806 3.365 251.989 4.460
201809 3.500 252.439 4.630
201812 4.154 251.233 5.522
201903 3.566 254.202 4.685
201906 3.686 256.143 4.806
201909 3.722 256.759 4.841
201912 3.713 256.974 4.825
202003 3.912 258.115 5.061
202006 3.250 257.797 4.210
202009 3.313 260.280 4.251
202012 3.532 260.474 4.528
202103 3.140 264.877 3.959
202106 3.043 271.696 3.740
202109 2.953 274.310 3.595
202112 3.030 278.802 3.629
202203 2.676 287.504 3.108
202206 2.919 296.311 3.290
202209 3.084 296.808 3.470
202212 4.965 296.797 5.587
202303 3.574 301.836 3.954
202306 3.600 305.109 3.940
202309 3.078 307.789 3.340
202312 3.157 306.746 3.437
202403 2.680 312.332 2.866
202406 3.241 314.175 3.445
202409 3.493 315.301 3.700
202412 3.324 315.605 3.517
202503 3.179 319.799 3.320
202506 3.136 322.561 3.247
202509 3.289 324.800 3.382
202512 3.712 324.054 3.825
202603 3.373 330.213 3.411
202606 3.527 333.952 3.527

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of $16.66 mean?
SL Green Realty (SLG) has a Cyclically Adjusted Revenue per Share of $16.66 as of Jun. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on SL Green Realty and its competitors.
Is SL Green Realty's Cyclically Adjusted Revenue per Share too high?
SL Green Realty's current Cyclically Adjusted Revenue per Share is $16.66. Overall, SL Green Realty has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SL Green Realty's Cyclically Adjusted Revenue per Share compare to HIW and CDP?
SL Green Realty's Cyclically Adjusted Revenue per Share of $16.66 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 Revenue per Share for a REITs company?
A good Cyclically Adjusted Revenue per Share depends on the REITs industry context. However, Cyclically Adjusted Revenue 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 Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on SL Green Realty and its competitors. SL Green Realty's current Cyclically Adjusted Revenue per Share is $16.66. 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 (SLG) is currently considered Fairly Valued. The stock's GF Value™ is $56.00, compared to a current price of $56.09 — trading 0.2% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is $16.66. SL Green Realty's overall GF Score™ is 57/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For SL Green Realty (SLG), the current Cyclically Adjusted Revenue per Share is $16.66 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 (SLG) Overvalued in 2026?

Based on GuruFocus' analysis, SL Green Realty stock appears to be overvalued. The current stock price of $56.09 is trading 0.2% above its estimated GF Value™ of $56.00. GuruFocus considers SL Green Realty to be Fairly Valued.

Key valuation signals for SLG:

  • Cyclically Adjusted Revenue per Share: $16.66
  • GF Value™: $56.00 vs. price of $56.09 (0.2% above fair value)
  • GF Score™: 57/100 with 11 warning signs

No single metric tells the full story. See the SLG 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.
57GF Score

Get the complete analysis for SLG

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

$56.09
Price
$56.00
GF Value