SL Green Realty Corp. (SLG) Stock Valuation — PE Analysis
REIT - Office · NYSE
Current Price
$51.15
PE Ratio (TTM)
n/m
Intrinsic Value
Use the calculator below to estimate
COMPETITIVE MOAT
↑Prime NYC Portfolio
SL Green owns a substantial portfolio of prime office buildings in Manhattan. This concentration in a globally significant business hub provides a durable competitive advantage.
↑Strategic Dispositions
The company's ability to monetize assets, like the recent sale of 10 East 53rd Street, strengthens its balance sheet. This financial flexibility allows for debt reduction and strategic reinvestment.
↑Development Expertise
SL Green's ongoing development projects, such as the 346 Madison Avenue tower, demonstrate its capability to create value. Partnering with entities like Mori Building mitigates risk and leverages expertise.
INVESTMENT RISKS
↓Office Sector Headwinds
The broader office real estate market faces challenges from remote work trends and economic uncertainty. This can lead to declining occupancy and rental rates across SLG's portfolio.
↓Rising Interest Rates
Higher interest rates increase borrowing costs for SL Green, impacting its ability to finance new developments and refinance existing debt. This can pressure profitability and cash flow.
↓Tenant Concentration
While not explicitly stated, a large portion of revenue from a few key tenants could pose a risk. Tenant defaults or lease expirations could significantly impact rental income.
Customize the SLG PE valuation
Adjust the target PE, earnings growth, and discount rate to see how the fair value and margin of safety for SL Green Realty Corp. respond.
Open PE Calculator for SLGCompany Overview
SL Green Realty Corp., an S&P 500 listed company, is recognized as Manhattan's premier office landlord. Operating as a fully integrated Real Estate Investment Trust (REIT), its core strategy involves the acquisition, management, and value maximization of commercial properties across Manhattan. By December 31, 2020, SL Green had interests in 88 buildings, totaling 38.2 million square feet. This extensive portfolio included 28.6 million square feet of owned Manhattan properties, along with 8.7 million square feet designated as collateral for debt and preferred equity investments.
Financial Metrics — SLG PE Stock Valuation Data
PE Ratio (TTM)
n/m
PEG Ratio
0.01
Earnings Yield
-4.19%
ROE (TTM)
-3.9%
Revenue/Share (TTM)
$14.05
Dividend Yield
4.73%
Debt/Equity
1.75x
Frequently Asked Questions
What is the PE ratio of SLG?
The trailing twelve-month PE ratio of SLG reflects how much investors pay per dollar of SL Green Realty Corp.'s earnings. This metric is most useful when compared to REIT - Office peers and the company's own historical range.
Is SLG overvalued based on PE ratio?
SLG's PE of -23.9x combined with a PEG ratio of 0.01 provides a growth-adjusted perspective. A PEG below 1.0 suggests SLG may be undervalued relative to its earnings growth rate. Keep in mind that PE-based valuation works best for profitable, mature companies — for high-growth or cyclical REIT - Office, a DCF analysis may be more appropriate.
How do I value SLG stock using PE ratio?
To value SL Green Realty Corp. using PE: (1) Compare the current PE (-23.9x) against the REIT - Office median to assess relative pricing, (2) check the PEG ratio (0.01) to adjust for growth expectations, (3) review the 5-year PE range to identify where the stock sits historically, and (4) estimate fair value by multiplying a target PE by forward EPS estimates. This relative approach complements DCF's absolute valuation.
What is the PEG ratio of SLG?
SLG's PEG ratio is 0.01, calculated by dividing the PE ratio (-23.9x) by the expected earnings growth rate. A PEG below 1.0 is traditionally considered a sign of undervaluation — the market may not be fully pricing in the growth potential. Note that PEG accuracy depends on the reliability of growth estimates.
Should I use PE ratio or DCF for SLG stock valuation?
PE ratio gives a quick relative read — how SLG is priced versus REIT - Office peers. DCF provides an absolute value based on projected free cash flows. For the most reliable valuation, use PE as a quick comparability screen and DCF for a deeper fundamental analysis. Each method has blind spots: PE ignores capital structure and cash flow quality, while DCF is sensitive to growth and discount rate assumptions.
Learn More
- See SLG DCF Valuation → — Intrinsic value via Discounted Cash Flow analysis
- PE Methodology — Step-by-step guide to PE ratio stock valuation
- DCF Methodology — Guide to discounted cash flow analysis
- PE Ratio — Understanding the price-to-earnings ratio
- Intrinsic Value — How to evaluate stock fair value
Related PE Valuations
All Real Estate valuationsP/E and DCF value SLG with different methods and assumptions, so the two conclusions can differ. Compare the DCF intrinsic value.
Price as of 2026-06-12. Financial data from Financial Modeling Prep (trailing twelve months) · Valuation methodology by Charlie Wang.
This is an estimate, not investment advice.