SL Green Realty Corp. (SLG) Financial Ratios
29 years of historical data (1997–2025) · Real Estate · REIT - Office
EV/EBITDA
↑
26.07
↑+34% vs avg
5yr avg: 19.50
30Y Low9.0·High52.7
P/FCF
↑
N/A
—
5yr avg: 27.27
30Y Low8.3·High56.3
P/B Ratio
↓
0.71
-8% vs avg
5yr avg: 0.77
30Y Low0.4·High2.6
ROE
↓
-2.0%
↑-70% vs avg
5yr avg: -1.2%
30Y Low-12%·High19%
Debt/EBITDA
↑
19.30
↑+58% vs avg
5yr avg: 12.19
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.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.1B | $3.2B | $4.5B | $3.1B | $2.3B | $5.1B | $4.6B | $8.0B | $7.2B | $10.4B | $11.3B |
| Enterprise Value | $10.7B | $10.8B | $8.8B | $7.3B | $8.6B | $9.8B | $9.8B | $13.7B | $12.7B | $16.2B | $17.5B |
| P/E Ratio → | -27.51 | — | 864.12 | — | — | 11.37 | 12.61 | 29.71 | 29.64 | 116.36 | 46.00 |
| P/S Ratio | 3.10 | 3.22 | 6.31 | 3.67 | 2.66 | 6.30 | 4.48 | 6.62 | 5.87 | 6.81 | 6.33 |
| P/B Ratio | 0.71 | 0.74 | 0.98 | 0.72 | 0.45 | 0.95 | 0.84 | 1.28 | 1.09 | 1.42 | 1.32 |
| P/FCF | — | — | 56.33 | 13.38 | 19.57 | 19.82 | 8.30 | 21.19 | 16.42 | 19.22 | 17.52 |
| P/OCF | — | — | 15.33 | 13.38 | 5.48 | 19.82 | 8.30 | 21.19 | 16.42 | 19.03 | 17.52 |
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 26.1x EBITDA, 34% above its 5-year average of 19.5x. The Real Estate sector median is 16.7x, placing the stock at a 57% 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 | — | 10.77 | 12.46 | 8.69 | 9.98 | 12.15 | 9.50 | 11.41 | 10.29 | 10.57 | 9.84 |
| EV / EBITDA | 26.07 | 26.36 | 23.32 | 14.62 | 15.64 | 17.55 | 11.82 | 14.99 | 13.18 | 13.04 | 10.25 |
| EV / EBIT | 69.36 | 70.13 | — | 1079.80 | 71.39 | 76.91 | 49.23 | 36.89 | 31.21 | 35.33 | 48.61 |
| EV / FCF | — | — | 111.13 | 31.69 | 73.45 | 38.26 | 17.60 | 36.51 | 28.78 | 29.84 | 27.21 |
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 26.0%. 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 19.3x, which is highly leveraged (146% above the sector average of 7.9x). Net debt stands at $7.6B ($7.9B total debt minus $336M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.82 | 1.82 | 0.99 | 1.04 | 1.28 | 0.93 | 0.99 | 0.96 | 0.84 | 0.80 | 0.77 |
| Debt / EBITDA | 19.30 | 19.30 | 11.99 | 8.90 | 11.85 | 8.91 | 6.57 | 6.47 | 5.79 | 4.74 | 3.82 |
| Net Debt / Equity | — | 1.74 | 0.95 | 0.99 | 1.24 | 0.89 | 0.94 | 0.93 | 0.82 | 0.78 | 0.73 |
| Net Debt / EBITDA | 18.47 | 18.47 | 11.50 | 8.45 | 11.48 | 8.46 | 6.24 | 6.29 | 5.66 | 4.64 | 3.65 |
| Debt / FCF | — | — | 54.80 | 18.31 | 53.89 | 18.44 | 9.30 | 15.32 | 12.36 | 10.62 | 9.70 |
| Interest Coverage | — | — | 1.01 | 1.82 | 3.79 | 4.78 | 4.31 | 3.31 | 3.26 | 3.33 | 3.36 |
SLG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio has improved from 0.74x to 2.15x 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 | — | — | 2.15 | 0.74 | 0.79 | 0.91 | 1.44 | 1.64 | 2.81 | 2.21 | 1.81 |
| Quick Ratio | — | — | 2.15 | 0.74 | 0.79 | 0.91 | 1.44 | 1.64 | 2.81 | 2.21 | 1.81 |
| Cash Ratio | 1.52 | 1.52 | 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. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
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 | — | — | 4.9% | 7.5% | 11.4% | 5.3% | 6.4% | 3.8% | 4.3% | 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% | 7.9% | 3.4% | 3.4% | 0.9% | 2.2% |
| FCF Yield | — | — | 1.8% | 7.5% | 5.1% | 5.0% | 12.0% | 4.7% | 6.1% | 5.2% | 5.7% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.7% | 9.2% | 6.8% | 13.9% | 4.9% | 13.5% | 7.7% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 4.9% | 8.2% | 20.6% | 12.1% | 20.3% | 8.7% | 17.8% | 10.9% | 2.8% |
| Shares Outstanding | — | $70M | $66M | $68M | $68M | $69M | $73M | $82M | $86M | $97M | $99M |
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 | $3B | -27.5 | 26.1 | — | 34.1% | 15.4% | -2.0% | 1.1% | 19.3 |
 VNO | $6B | 7.2 | 16.9 | 4.5 | 100.0% | 15.0% | 13.9% | 1.4% | 10.5 |
 BXP | $9B | 33.6 | 8.8 | 13.5 | 60.6% | 55.7% | 3.5% | 6.1% | 6.1 |
 KRC | $4B | 14.5 | 13.1 | — | 67.0% | 28.4% | 4.9% | 2.3% | 7.3 |
 HIW | $3B | 17.3 | 12.6 | 16.6 | 67.6% | 26.0% | 6.6% | 2.7% | 7.2 |
 PDM | $1B | -12.6 | 10.8 | — | -20.7% | 14.1% | -5.4% | 1.5% | 7.4 |
 DEA | $1B | 80.2 | 13.8 | 4.2 | -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 | $941M | 30.7 | 9.7 | 18.6 | 1.8% | 17.7% | 2.6% | 2.6% | 7.4 |
 CBRE | $42B | 37.0 | 24.2 | 35.0 | 15.0% | 3.2% | 12.3% | 6.2% | 4.8 |
| Real Estate Median | — | 24.1 | 16.7 | 15.4 | 52.1% | 26.0% | 3.5% | 3.0% | 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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Side-by-side business, growth, and profitability comparison vs Vornado Realty Trust.
Start ComparisonSLG — 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 -27.5x. The historical average is 32.4x.
What is SL Green Realty Corp.'s EV/EBITDA?
SL Green Realty Corp.'s current EV/EBITDA is 26.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 18.7x.
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 -27.5x. Compare with industry peers and growth rates for a complete picture.
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 19.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.