# Simon Property Group Inc. (SPG) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Real Estate / Retail REITs. Price $222.08, market value $84.3 billion.

## Valuation
- **P/E (trailing): 15.7×** (5-yr avg 17.2×, 3-yr avg 17.6×). Simon Property Group Inc. trades at 15.7× trailing earnings, close to its own five-year average of 17.2×. The Real Estate median in the September 2026 study was 25.2×. Forward P/E is 32.8×, higher than trailing, so analysts expect earnings to fall.
- **PEG: 0.34**. A PEG of 0.34 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 12.1×**. Each dollar of revenue is priced at 12.1×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 16.4×**. The shares trade at 16.4× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 22.5×**. Enterprise value is 22.5× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 3.8%** (5-yr avg 7.2%). Free cash flow equals 3.8% of the market value, below its five-year average of 7.2%, so the shares are pricier on cash than usual.
- **Earnings yield: 6.4%**. The inverse of the P/E: 6.4% of the price is earned each year.

## Profitability
- **Operating margin: 47.4%**. 47.4% of revenue is left after running the business, an exceptional level.
- **Net margin: 84.3%**. 84.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 103.0%**. A 103.0% return on equity is extremely high; check whether buybacks or debt have shrunk the equity base, which flatters the ratio.
- **Return on invested capital: 7.9%**. Return on all capital, debt included, is 7.9%.
- **Return on assets: 13.3%**. Each dollar of assets produces 13.3% of profit.

## Growth
- **Revenue growth (1 yr): 6.7%** (3-yr 6.3%/yr, 5-yr 6.7%/yr). Revenue grew 6.7% over the last year, against 6.7% a year compounded over five years.
- **EPS growth (1 yr): 95.2%** (3-yr 29.5%/yr, 5-yr 31.6%/yr). Earnings per share rose 95.2%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 0.9%/yr**. Free cash flow has compounded at 0.9% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 5.46**. Debt is 5.46 times equity, a leveraged balance sheet, which is normal for real estate.
- **Net debt / EBITDA: 5.6×**. It would take 5.6 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Altman Z-score: 2.09**. A Z-score of 2.09 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 4.01%** ($8.80 per share, trailing). Simon Property Group Inc. yields 4.01%, an income-level yield.
- **Consecutive years of increases: 4**. 4 straight years of increases.
- **Dividend growth (5 yr): 7.3%/yr** (1-yr 5.6%). The dividend has grown 7.3% a year over five years.

## Analyst view
- **Analyst consensus: buy** (19 analysts). 19 analysts cover Simon Property Group Inc.; the consensus is buy, with an average price target of $228.89 (+3% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 30.6%** (YTD 22.5%, 3-mo -3.2%). The shares are up 30.6% over twelve months including dividends.
- **From 52-week high: -6.9%** (24.8% above the low). Trading 7% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 73**. An RSI of 73 is in overbought territory; short-term pullbacks are common from here.
- **Beta (1 yr): 0.21** (volatility 19%). Beta of 0.21 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=SPG · Page: https://foliofundamentals.com/stocks/spg

Not investment advice.