SL Green Realty (BSP:S1LG34) E10: R$2.95 (As of Mar. 2026)

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BSP:S1LG34 SL Green Realty Corp BSP:S1LG34
49 GF Score
Price R$133.42
GF Value R$111.79
Valuation Modestly Overvalued
! 11 Warning Signs
View Full Analysis

What is SL Green Realty E10?

SL Green Realty BSP:S1LG34 +0.11% 49 E10 is R$2.95 as of Mar. 2026. GuruFocus rates BSP:S1LG34 with a GF Score™ of 49/100 and a GF Value™ of R$111.79 (Modestly Overvalued). The stock has 11 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

SL Green Realty's adjusted earnings per share data for the three months ended in Mar. 2026 was R$-3.138. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$2.95 for the trailing ten years ended in Mar. 2026.

During the past 12 months, SL Green Realty's average E10 Growth Rate was -32.60% per year. During the past 3 years, the average E10 Growth Rate was -27.30% per year. During the past 5 years, the average E10 Growth Rate was -19.00% per year. During the past 10 years, the average E10 Growth Rate was -9.80% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of SL Green Realty was 4.90% per year. The lowest was -27.30% per year. And the median was -1.50% per year.

As of today (2026-08-02), SL Green Realty's current stock price is R$133.42. SL Green Realty's E10 for the quarter that ended in Mar. 2026 was R$2.95. SL Green Realty's Shiller PE Ratio of today is 45.23.

During the past 13 years, the highest Shiller PE Ratio of SL Green Realty was 94.16. The lowest was 12.13. And the median was 50.55.


SL Green Realty  (BSP:S1LG34) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

SL Green Realty's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=133.42/2.95
=45.23

* 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 Shiller P/E Ratio of SL Green Realty was 94.16. The lowest was 12.13. And the median was 50.55.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


SL Green Realty E10 Related Terms


SL Green Realty E10 Historical Data

* Premium members only.

The historical data trend for SL Green Realty's E10 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 E10 Chart

SL Green Realty Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.63 9.29 6.04 5.38 3.54

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
E10 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 4.79 4.19 3.54 2.95 0.00

BSP:S1LG34 vs HIW, CDP, KRC: E10 Comparison

For the REIT - Office subindustry, SL Green Realty's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs REITs Industry

For the REITs industry and Real Estate sector, SL Green Realty's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where SL Green Realty's Shiller PE Ratio falls into.


BSP:S1LG34
49GF Score
SL Green Realty Corp BSP:S1LG34
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SL Green Realty E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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 earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=-3.138/330.2130*330.2130
=-3.138

Current CPI (Mar. 2026) = 330.2130.

SL Green Realty Quarterly Data

per share eps CPI Adj_EPS
201606 2.343 241.018 3.210
201609 0.569 241.428 0.778
201612 0.759 241.432 1.038
201703 0.177 243.801 0.240
201706 0.136 244.955 0.183
201709 0.645 246.819 0.863
201712 0.492 246.524 0.659
201803 1.890 249.554 2.501
201806 2.309 251.989 3.026
201809 2.178 252.439 2.849
201812 -1.459 251.233 -1.918
201903 1.028 254.202 1.335
201906 3.849 256.143 4.962
201909 0.848 256.759 1.091
201912 0.444 256.974 0.571
202003 3.689 258.115 4.719
202006 1.972 257.797 2.526
202009 0.513 260.280 0.651
202012 6.199 260.474 7.859
202103 -0.338 264.877 -0.421
202106 3.922 271.696 4.767
202109 15.599 274.310 18.778
202112 -2.319 278.802 -2.747
202203 0.274 287.504 0.315
202206 -1.767 296.311 -1.969
202209 0.288 296.808 0.320
202212 -2.649 296.797 -2.947
202303 -1.641 301.836 -1.795
202306 -13.663 305.109 -14.787
202309 -0.938 307.789 -1.006
202312 -6.002 306.746 -6.461
202403 0.498 312.332 0.527
202406 -0.108 314.175 -0.114
202409 -0.581 315.301 -0.608
202412 0.397 315.605 0.415
202503 -0.864 319.799 -0.892
202506 -0.444 322.561 -0.455
202509 0.912 324.800 0.927
202512 -4.064 324.054 -4.141
202603 -3.138 330.213 -3.138

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of R$2.95 mean?
SL Green Realty (BSP:S1LG34) has a E10 of R$2.95 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on SL Green Realty and its competitors.
Is SL Green Realty's E10 too high?
SL Green Realty's current E10 is R$2.95. Overall, SL Green Realty has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SL Green Realty's E10 compare to HIW and CDP?
SL Green Realty's E10 of R$2.95 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 E10 for a REITs company?
A good E10 depends on the REITs industry context. However, E10 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 E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on SL Green Realty and its competitors. SL Green Realty's current E10 is R$2.95. 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 (BSP:S1LG34) is currently considered Modestly Overvalued. The stock's GF Value™ is R$111.79, compared to a current price of R$133.42 — trading 19.3% above its estimated fair value. The current E10 is R$2.95. SL Green Realty's overall GF Score™ is 49/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For SL Green Realty (BSP:S1LG34), the current E10 is R$2.95 as of Mar. 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 (BSP:S1LG34) Overvalued in 2026?

Based on GuruFocus' analysis, SL Green Realty stock appears to be overvalued. The current stock price of R$133.42 is trading 19.3% above its estimated GF Value™ of R$111.79. GuruFocus considers SL Green Realty to be Modestly Overvalued.

Key valuation signals for BSP:S1LG34:

  • E10: R$2.95
  • GF Value™: R$111.79 vs. price of R$133.42 (19.3% above fair value)
  • GF Score™: 49/100 with 11 warning signs

No single metric tells the full story. See the BSP:S1LG34 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.
49GF Score

Get the complete analysis for BSP:S1LG34

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$133.42
Price
R$111.79
GF Value