SL Green Realty Corp. (SLG) Financial Ratios
29 years of historical data (1997–2025) · Real Estate · REIT - Office
EV/EBITDA
↑
27.55
↑+38% vs avg
5yr avg: 19.92
30Y Low9.0·High52.0
P/FCF
↑
44.07
↑+41% vs avg
5yr avg: 31.30
30Y Low8.8·High60.3
P/B Ratio
↓
0.89
+10% vs avg
5yr avg: 0.81
30Y Low0.4·High2.6
ROE
↓
-2.0%
↑-70% vs avg
5yr avg: -1.2%
30Y Low-12%·High19%
Debt/EBITDA
↑
19.46
↑+59% vs avg
5yr avg: 12.22
30Y Low3.3·High30.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SLG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
SL Green Realty Corp. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 44.1x P/FCF, 41% above the 5-year average of 31.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.7B | $3.5B | $4.8B | $3.1B | $2.3B | $5.2B | $4.9B | $8.2B | $7.8B | $10.3B | $11.1B |
| Enterprise Value | $11.3B | $11.1B | $9.1B | $7.3B | $8.6B | $9.9B | $10.0B | $14.0B | $13.2B | $16.1B | $17.4B |
| P/E Ratio → | -42.85 | — | 849.00 | — | — | 11.37 | 12.98 | 30.55 | 30.50 | 118.94 | 47.34 |
| P/S Ratio | 3.64 | 3.50 | 6.75 | 3.72 | 2.70 | 6.49 | 4.75 | 6.81 | 6.29 | 6.74 | 6.26 |
| P/B Ratio | 0.89 | 0.81 | 1.05 | 0.73 | 0.46 | 0.98 | 0.89 | 1.32 | 1.17 | 1.41 | 1.31 |
| P/FCF | 44.07 | 42.33 | 60.26 | 13.59 | 19.89 | 20.43 | 8.81 | 21.77 | 17.58 | 19.03 | 17.31 |
| P/OCF | 44.07 | 42.33 | 16.40 | 13.59 | 5.57 | 20.43 | 8.81 | 21.77 | 17.58 | 18.84 | 17.31 |
P/E links to full P/E history page with 30-year chart
SLG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
SL Green Realty Corp.'s enterprise value stands at 27.6x EBITDA, 38% above its 5-year average of 19.9x. The Real Estate sector median is 17.0x, placing the stock at a 62% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 11.11 | 12.90 | 8.74 | 10.03 | 12.35 | 9.77 | 11.59 | 10.71 | 10.50 | 9.76 |
| EV / EBITDA | 27.55 | 27.20 | 24.14 | 14.72 | 15.71 | 17.83 | 12.16 | 15.22 | 13.71 | 12.95 | 10.17 |
| EV / EBIT | 73.30 | 70.32 | — | 1086.91 | 71.71 | 78.13 | 50.64 | 37.48 | 32.48 | 35.11 | 48.23 |
| EV / FCF | — | 134.42 | 115.06 | 31.90 | 73.78 | 38.87 | 18.11 | 37.10 | 29.94 | 29.65 | 27.00 |
SLG Profitability
Margins and return-on-capital ratios measuring operating efficiency
SL Green Realty Corp. earns an operating margin of 15.4%, below the Real Estate sector average of 24.8%. Operating margins have compressed from 31.5% to 15.4% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -2.0% indicates the company is currently destroying shareholder equity. ROIC of 1.1% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 34.1% | 34.1% | 35.8% | 44.8% | 50.3% | 54.6% | 58.8% | 61.9% | 63.1% | 62.8% | 66.6% |
| Operating Margin | 15.4% | 15.4% | 23.7% | 31.5% | 39.4% | 42.8% | 49.8% | 53.5% | 55.6% | 56.2% | 61.0% |
| Net Profit Margin | -8.8% | -8.8% | 4.3% | -64.9% | -8.3% | 56.7% | 37.0% | 23.4% | 20.9% | 7.4% | 14.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -2.0% | -2.0% | 0.7% | -11.6% | -1.4% | 8.5% | 6.5% | 4.4% | 3.7% | 1.4% | 3.1% |
| ROA | -0.8% | -0.8% | 0.3% | -5.0% | -0.6% | 4.0% | 3.1% | 2.2% | 1.9% | 0.8% | 1.5% |
| ROIC | 1.1% | 1.1% | 1.4% | 2.0% | 2.4% | 2.5% | 3.4% | 4.0% | 4.1% | 4.6% | 4.9% |
| ROCE | 1.5% | 1.5% | 1.8% | 2.6% | 3.1% | 3.2% | 4.4% | 5.2% | 5.3% | 6.0% | 6.5% |
SLG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
SL Green Realty Corp. carries a Debt/EBITDA ratio of 19.5x, which is highly leveraged (146% above the sector average of 7.9x). Net debt stands at $7.6B ($8.0B total debt minus $336M cash). Interest coverage of just 0.6x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.83 | 1.83 | 0.99 | 1.04 | 1.28 | 0.93 | 0.99 | 0.96 | 0.84 | 0.80 | 0.77 |
| Debt / EBITDA | 19.46 | 19.46 | 11.99 | 8.90 | 11.85 | 8.91 | 6.57 | 6.47 | 5.79 | 4.74 | 3.82 |
| Net Debt / Equity | — | 1.75 | 0.95 | 0.99 | 1.24 | 0.89 | 0.94 | 0.93 | 0.82 | 0.78 | 0.73 |
| Net Debt / EBITDA | 18.63 | 18.63 | 11.50 | 8.45 | 11.48 | 8.46 | 6.24 | 6.29 | 5.66 | 4.64 | 3.65 |
| Debt / FCF | — | 92.09 | 54.80 | 18.31 | 53.89 | 18.44 | 9.30 | 15.32 | 12.36 | 10.62 | 9.70 |
| Interest Coverage | 0.62 | 0.62 | -0.25 | 0.05 | 1.35 | 1.76 | 1.67 | 1.91 | 1.93 | 1.77 | 1.11 |
SLG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.03x means SL Green Realty Corp. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 0.74x to 1.03x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.03 | 1.03 | 2.15 | 0.74 | 0.79 | 0.91 | 1.44 | 1.64 | 2.81 | 2.21 | 1.81 |
| Quick Ratio | 1.03 | 1.03 | 2.15 | 0.74 | 0.79 | 0.91 | 1.44 | 1.64 | 2.81 | 2.21 | 1.81 |
| Cash Ratio | 0.51 | 0.51 | 0.32 | 0.26 | 0.24 | 0.31 | 0.54 | 0.32 | 0.62 | 0.31 | 0.68 |
| Asset Turnover | — | 0.09 | 0.07 | 0.09 | 0.07 | 0.07 | 0.09 | 0.09 | 0.10 | 0.11 | 0.11 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
SLG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
SL Green Realty Corp. returns 6.7% to shareholders annually — split between a 6.3% dividend yield and 0.4% buyback yield.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 6.3% | 6.9% | 4.6% | 7.4% | 11.3% | 5.2% | 6.0% | 3.7% | 4.0% | 3.2% | 2.8% |
| Payout Ratio | — | — | 713.9% | — | — | 59.3% | 77.4% | 108.9% | 121.1% | 295.8% | 120.3% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 0.1% | — | — | 8.8% | 7.7% | 3.3% | 3.3% | 0.8% | 2.1% |
| FCF Yield | 2.3% | 2.4% | 1.7% | 7.4% | 5.0% | 4.9% | 11.4% | 4.6% | 5.7% | 5.3% | 5.8% |
| Buyback Yield | 0.4% | 0.4% | 0.0% | 0.7% | 9.0% | 6.6% | 13.1% | 4.7% | 12.6% | 7.8% | 0.0% |
| Total Shareholder Yield | 6.7% | 7.3% | 4.6% | 8.1% | 20.3% | 11.8% | 19.1% | 8.5% | 16.7% | 11.0% | 2.8% |
| Shares Outstanding | — | $77M | $70M | $69M | $69M | $71M | $77M | $84M | $93M | $97M | $98M |
Peer Comparison
Compare SLG with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 SLGYou | $4B | -42.8 | 27.6 | 44.1 | 34.1% | 15.4% | -2.0% | 1.1% | 19.5 |
 VNO | $7B | 9.0 | 18.8 | 5.7 | 100.0% | 15.0% | 13.9% | 1.4% | 10.5 |
 BXP | $10B | 37.2 | 9.2 | 14.9 | 60.6% | 55.7% | 3.5% | 6.1% | 6.1 |
 KRC | $4B | 15.9 | 13.7 | — | 67.0% | 28.4% | 4.9% | 2.3% | 7.3 |
 HIW | $3B | 20.2 | 13.6 | 19.4 | 67.6% | 26.0% | 6.6% | 2.7% | 7.2 |
 PDM | $1B | -13.3 | 11.1 | — | -20.7% | 14.1% | -5.4% | 1.5% | 7.4 |
 DEA | $1B | 79.9 | 13.8 | 4.1 | -0.9% | 24.9% | 0.9% | 2.1% | 8.5 |
 PGRE | $1B | -31.4 | 12.3 | 5.5 | 60.0% | 19.6% | -1.2% | 1.5% | 9.5 |
 CIO | $282M | -11.1 | 11.7 | 4.8 | 59.4% | 10.9% | -2.3% | 1.0% | 8.3 |
 ESRT | $891M | 29.1 | 9.6 | 17.6 | 1.8% | 17.7% | 2.6% | 2.6% | 7.4 |
 CBRE | $39B | 34.2 | 22.7 | 32.3 | 15.0% | 3.2% | 12.3% | 6.2% | 4.8 |
| Real Estate Median | — | 24.1 | 17.0 | 15.4 | 49.3% | 24.8% | 3.7% | 2.7% | 7.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 29 years · Updated daily
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SLG — Frequently Asked Questions
Quick answers to the most common questions about buying SLG stock.
What is SL Green Realty Corp.'s P/E ratio?
SL Green Realty Corp.'s current P/E ratio is -42.8x. The historical average is 33.0x.
What is SL Green Realty Corp.'s EV/EBITDA?
SL Green Realty Corp.'s current EV/EBITDA is 27.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 18.8x.
What is SL Green Realty Corp.'s ROE?
SL Green Realty Corp.'s return on equity (ROE) is -2.0%. The historical average is 6.7%.
Is SLG stock overvalued?
Based on historical data, SL Green Realty Corp. is trading at a P/E of -42.8x. Compare with industry peers and growth rates for a complete picture.
What is SL Green Realty Corp.'s dividend yield?
SL Green Realty Corp.'s current dividend yield is 6.27%.
What are SL Green Realty Corp.'s profit margins?
SL Green Realty Corp. has 34.1% gross margin and 15.4% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does SL Green Realty Corp. have?
SL Green Realty Corp.'s Debt/EBITDA ratio is 19.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.