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SL Green Realty (FRA:GEI) Shiller PE Ratio : 23.13 (As of May. 22, 2024)


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What is SL Green Realty Shiller PE Ratio?

As of today (2024-05-22), SL Green Realty's current share price is €48.58. SL Green Realty's E10 for the quarter that ended in Mar. 2024 was €2.10. SL Green Realty's Shiller PE Ratio for today is 23.13.

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

FRA:GEI' s Shiller PE Ratio Range Over the Past 10 Years
Min: 6.07   Med: 22.69   Max: 33.82
Current: 23.18

During the past years, SL Green Realty's highest Shiller PE Ratio was 33.82. The lowest was 6.07. And the median was 22.69.

FRA:GEI's Shiller PE Ratio is ranked worse than
76.18% of 445 companies
in the REITs industry
Industry Median: 11.48 vs FRA:GEI: 23.18

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.

SL Green Realty's adjusted earnings per share data for the three months ended in Mar. 2024 was €0.184. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is €2.10 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


SL Green Realty Shiller PE Ratio Historical Data

The historical data trend for SL Green Realty's Shiller PE 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 Shiller PE Ratio Chart

SL Green Realty Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.40 17.83 20.95 9.99 18.60

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
Shiller PE 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 7.04 10.72 13.64 18.60 24.14

Competitive Comparison of SL Green Realty's Shiller PE Ratio

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's Shiller PE Ratio Distribution in the 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.



SL Green Realty Shiller PE Ratio Calculation

For Shiller PE Ratio, 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 PE Ratio is also called PE10.

The Shiller PE Ratio 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 PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=48.58/2.1
=23.13

* 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 E10 for the quarter that ended in Mar. 2024 is calculated as:

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

Adj_EPS=Earnings per Share (Diluted)/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.184/131.7762*131.7762
=0.184

Current CPI (Mar. 2024) = 131.7762.

SL Green Realty Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201406 1.863 100.560 2.441
201409 0.543 100.428 0.712
201412 0.492 99.070 0.654
201503 0.418 99.621 0.553
201506 -0.358 100.684 -0.469
201509 1.504 100.392 1.974
201512 0.954 99.792 1.260
201603 0.213 100.470 0.279
201606 1.218 101.688 1.578
201609 0.312 101.861 0.404
201612 0.429 101.863 0.555
201703 0.106 102.862 0.136
201706 0.073 103.349 0.093
201709 0.345 104.136 0.437
201712 0.252 104.011 0.319
201803 0.935 105.290 1.170
201806 1.048 106.317 1.299
201809 0.908 106.507 1.123
201812 -0.660 105.998 -0.821
201903 0.474 107.251 0.582
201906 1.767 108.070 2.155
201909 0.374 108.329 0.455
201912 0.195 108.420 0.237
202003 1.367 108.902 1.654
202006 0.675 108.767 0.818
202009 0.161 109.815 0.193
202012 1.981 109.897 2.375
202103 -0.101 111.754 -0.119
202106 1.295 114.631 1.489
202109 5.024 115.734 5.720
202112 -0.726 117.630 -0.813
202203 0.100 121.301 0.109
202206 -0.662 125.017 -0.698
202209 0.111 125.227 0.117
202212 -0.953 125.222 -1.003
202303 -0.588 127.348 -0.608
202306 -5.196 128.729 -5.319
202309 -0.356 129.860 -0.361
202312 -2.247 129.419 -2.288
202403 0.184 131.776 0.184

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


SL Green Realty  (FRA:GEI) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


SL Green Realty Shiller PE Ratio Related Terms

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SL Green Realty (FRA:GEI) Business Description

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.

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