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SL Green Realty (SL Green Realty) Cyclically Adjusted Price-to-FCF : 8.45 (As of May. 26, 2024)


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What is SL Green Realty Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), SL Green Realty's current share price is $50.68. SL Green Realty's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $6.00. SL Green Realty's Cyclically Adjusted Price-to-FCF for today is 8.45.

The historical rank and industry rank for SL Green Realty's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

SLG' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.39   Med: 14.56   Max: 53.96
Current: 8.45

During the past years, SL Green Realty's highest Cyclically Adjusted Price-to-FCF was 53.96. The lowest was 3.39. And the median was 14.56.

SLG's Cyclically Adjusted Price-to-FCF is ranked better than
67.18% of 387 companies
in the REITs industry
Industry Median: 11.26 vs SLG: 8.45

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 Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

SL Green Realty's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $-0.352. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $6.00 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


SL Green Realty Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for SL Green Realty's Cyclically Adjusted Price-to-FCF 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 Price-to-FCF Chart

SL Green Realty Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.07 13.61 12.80 5.57 7.47

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 Price-to-FCF 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 3.86 4.94 6.11 7.47 9.19

Competitive Comparison of SL Green Realty's Cyclically Adjusted Price-to-FCF

For the REIT - Office subindustry, SL Green Realty's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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 Price-to-FCF Distribution in the REITs Industry

For the REITs industry and Real Estate sector, SL Green Realty's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where SL Green Realty's Cyclically Adjusted Price-to-FCF falls into.



SL Green Realty Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF 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 Price-to-FCF.

SL Green Realty's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=50.68/6
=8.45

* 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 FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

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

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.352/131.7762*131.7762
=-0.352

Current CPI (Mar. 2024) = 131.7762.

SL Green Realty Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.949 100.560 2.554
201409 1.039 100.428 1.363
201412 1.155 99.070 1.536
201503 0.909 99.621 1.202
201506 1.473 100.684 1.928
201509 0.887 100.392 1.164
201512 2.012 99.792 2.657
201603 1.126 100.470 1.477
201606 2.547 101.688 3.301
201609 1.325 101.861 1.714
201612 1.322 101.863 1.710
201703 1.103 102.862 1.413
201706 1.943 103.349 2.477
201709 1.017 104.136 1.287
201712 1.335 104.011 1.691
201803 1.022 105.290 1.279
201806 1.695 106.317 2.101
201809 0.812 106.507 1.005
201812 1.625 105.998 2.020
201903 0.730 107.251 0.897
201906 1.832 108.070 2.234
201909 0.968 108.329 1.178
201912 0.928 108.420 1.128
202003 0.523 108.902 0.633
202006 2.335 108.767 2.829
202009 1.374 109.815 1.649
202012 3.403 109.897 4.081
202103 0.258 111.754 0.304
202106 1.181 114.631 1.358
202109 1.263 115.734 1.438
202112 0.929 117.630 1.041
202203 1.159 121.301 1.259
202206 1.464 125.017 1.543
202209 0.975 125.227 1.026
202212 0.414 125.222 0.436
202303 0.616 127.348 0.637
202306 0.902 128.729 0.923
202309 1.133 129.860 1.150
202312 0.718 129.419 0.731
202403 -0.352 131.776 -0.352

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF 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  (NYSE:SLG) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow 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 Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


SL Green Realty Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of SL Green Realty's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


SL Green Realty (SL Green Realty) 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.
Executives
Andrew W Mathias director, officer: President
Burton Edwin T Iii director C/O SL GREEN REALTY CORP, 420 LEXINGTON SUITE 1900, NEW YORK NY 10170
Betsy S Atkins director
Craig M Hatkoff director ONE WEST 72ND STREET, NEWYORK NY 10023
Carol N Brown director SL GREEN REALTY CORP., ONE VANDERBILT AVENUE, NEW YORK NY 10017
Matthew J. Diliberto officer: Chief Financial Officer SL GREEN REALTY CORP., 420 LEXINGTON AVENUE, NEW YORK NY 10179
Andrew S Levine officer: Chief Legal Officer & GC C/O SL GREEN REALTY CORP, 420 LEXINGTON SUITE 1900, NEW YORK NY 10170
Alschuler John H Jr director C/O SL GREEN REALTY CORP, 420 LEXINGTON SUITE 1900, NEW YORK NY 10170
Stephen L Green officer: Chairman of the Board C/O SL GREEN REALITY CORP, 420 LEXINGTON AVE SUITE 1900, NEW YORK NY 10170
Marc Holliday director, officer: Chief Executive Officer C/O SL GREEN REALTY CORP, 420 LEXINGTON SUITE 1900, NEW YORK NY 10170
John S Levy director C/O SL GREEN REALTY CORP, 420 LEXINGTON SUITE 1900, NEW YORK NY 10170
Lauren B. Dillard director SL GREEN REALTY CORP., 420 LEXINGTON AVENUE, NEW YORK NY 10170
James E Mead officer: Chief Financial Officer C/O STRATEGIC HOTEL CAPITAL, INC., 77 WEST WACKER DRIVE, SUITE 4600, CHICAGO IL 60601
Gregory F Hughes officer: Chief Financial Officer
Gerry Nocera officer: Executive Vice President C/O SL GREEN REALTY CORP, 420 LEXINGTON SUITE 1900, NEW YORK NY 10170