SL Green Realty Corp.

NYSE:SLG Stock Report

Market Cap: US$2.9b

SL Green Realty Valuation

Is SLG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of SLG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: SLG ($39.07) is trading below our estimate of future cash flow value ($43.07)

Significantly Below Future Cash Flow Value: SLG is trading below future cash flow value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SLG?

Key metric: As SLG is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for SLG. This is calculated by dividing SLG's market cap by their current revenue.
What is SLG's PS Ratio?
PS Ratio2.9x
SalesUS$946.90m
Market CapUS$2.95b

Price to Sales Ratio vs Peers

How does SLG's PS Ratio compare to its peers?

The above table shows the PS ratio for SLG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.1x
HIW Highwoods Properties
3.1x3.57%US$2.5b
KRC Kilroy Realty
3.1x1.85%US$3.4b
CDP COPT Defense Properties
4.7x3.95%US$3.7b
DEI Douglas Emmett
1.6x2.56%US$2.0b
SLG SL Green Realty
2.9x-5.30%US$2.9b

Price-To-Sales vs Peers: SLG is good value based on its Price-To-Sales Ratio (2.9x) compared to the peer average (3.1x).

Historical Price to Sales Ratio

Historical Price to Sales Ratio compares a stock's price to its sales over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Sales Ratio vs Industry

How does SLG's PS Ratio compare vs other companies in the US Office REITs Industry?

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
KBSR KBS Real Estate Investment Trust III
0.1xn/aUS$24.06m
CMCT Creative Media & Community Trust
0.002xn/aUS$133.99k
OPIT.Q Office Properties Income Trust
0.00003xn/aUS$81.34k
No more companies available in this PS range
SLG 2.9xIndustry Avg. 1.7xNo. of Companies5PS01.22.43.64.86+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: SLG is expensive based on its Price-To-Sales Ratio (2.9x) compared to the US Office REITs industry average (1.7x).

Price to Sales Ratio vs Fair Ratio

What is SLG's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SLG PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.9x
Fair PS Ratio2.5x

Price-To-Sales vs Fair Ratio: SLG is expensive based on its Price-To-Sales Ratio (2.9x) compared to the estimated Fair Price-To-Sales Ratio (2.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SLG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$39.07
US$46.50
+19.02%
17.40%US$70.00US$34.00n/a18
Apr ’27US$36.68
US$46.83
+27.68%
17.52%US$70.00US$34.00n/a18
Mar ’27US$36.85
US$49.11
+33.27%
16.80%US$70.00US$37.00n/a18
Feb ’27US$44.78
US$53.56
+19.60%
16.04%US$75.00US$42.00n/a18
Jan ’27US$45.87
US$54.95
+19.79%
15.17%US$75.00US$42.00n/a19
Dec ’26US$46.85
US$60.16
+28.41%
11.43%US$75.00US$48.00n/a19
Nov ’26US$51.35
US$61.74
+20.23%
12.67%US$76.00US$48.00n/a19
Oct ’26US$60.52
US$63.72
+5.29%
13.25%US$76.00US$50.00n/a18
Sep ’26US$56.89
US$63.28
+11.23%
12.78%US$76.00US$50.00n/a18
Aug ’26US$55.76
US$63.33
+13.58%
12.88%US$76.00US$50.00n/a18
Jul ’26US$62.42
US$63.22
+1.29%
16.43%US$87.00US$50.00n/a18
Jun ’26US$56.77
US$62.78
+10.58%
16.06%US$87.00US$50.00n/a18
May ’26US$53.52
US$62.78
+17.30%
16.90%US$87.00US$49.00n/a18
Apr ’26US$57.98
US$67.67
+16.71%
17.11%US$90.00US$50.00US$36.6818
Mar ’26US$64.54
US$69.59
+7.82%
17.72%US$90.00US$50.00US$36.8517
Feb ’26US$67.39
US$69.94
+3.79%
17.96%US$90.00US$50.00US$44.7817
Jan ’26US$67.92
US$69.72
+2.65%
19.55%US$90.00US$45.00US$45.8718
Dec ’25US$78.19
US$67.61
-13.53%
21.09%US$90.00US$45.00US$46.8518
Nov ’25US$74.39
US$66.72
-10.31%
21.07%US$90.00US$45.00US$51.3518
Oct ’25US$69.56
US$58.61
-15.74%
16.76%US$75.00US$45.00US$60.5218
Sep ’25US$66.64
US$53.44
-19.80%
19.78%US$75.00US$35.00US$56.8918
Aug ’25US$66.39
US$52.00
-21.67%
19.24%US$75.00US$35.00US$55.7618
Jul ’25US$54.99
US$46.22
-15.94%
18.90%US$60.00US$21.00US$62.4218
Jun ’25US$52.97
US$45.56
-14.00%
19.76%US$60.00US$21.00US$56.7718
May ’25US$49.67
US$45.56
-8.28%
19.76%US$60.00US$21.00US$53.5218
Apr ’25US$52.93
US$44.33
-16.24%
22.15%US$60.00US$21.00US$57.9818
US$46.5
Fair Value
16.0% undervalued intrinsic discount
18
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/13 17:42
End of Day Share Price 2026/04/10 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

SL Green Realty Corp. is covered by 41 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullArgus Research Company
David RodgersBaird
Ross SmotrichBarclays