SPG

NYSE

SIMON PROPERTY GROUP INC.

Real Estate, Retail REITs

$222.91

close 7 Aug 2026

+34.93%

52-week change

$72.44B

market cap

$163.29

$238.50

52-week range

Expected price

$260.46 – $318.34

Current price

$222.91

Signal

Could be undervalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)15.49x

P/S (TTM)10.90x

P/B14.91x

EV/EBITDA (TTM)21.01x

FCF yield (TTM)4.46%

PEG (TTM, GAAP)0.52

Context

P/E, own 5-year average20.60x

P/E, sector median34.68x*

Price at 5-year median P/E$293.69*

Indicated dividend yield4.04%

Forward — analyst consensus

Forward P/E (FY2026)34.61x*

Forward P/E (FY2027)33.07x

Forward PEG7.43*

Consensus EPS FY2026 (3 analysts)$6.44

EPS growth (FY2026→FY2027)4.66%

Revenue growth (FY2026)12.84%

Street view

Price target (mean)$229.42*

Target upside2.92%

Ratings (buy / hold / sell)7 / 13 / 1

FY2026 EPS revisions, 30d (up / down)0 / 0

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 31 Mar 2026, filed 11 May 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR +11.69%10Y CAGR +4.80%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$222.91

Cash & equivalents$542.96M

Total debt$28.25B

Shares outstanding324.96M

Result

DCF price per share$294.09

Current price$222.91

Margin of safety+31.93%

PV of years 1–10$39.04B

PV of terminal value$84.23B

Equity value$95.57B

Market-implied growth+9.02%

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$3.61B	$4.03B	$4.50B	$5.03B	$5.61B	$6.27B	$7.00B	$7.82B	$8.74B	$9.76B	$181.86B
PV	$3.34B	$3.45B	$3.57B	$3.69B	$3.82B	$3.95B	$4.09B	$4.23B	$4.37B	$4.52B	$84.23B

period to 31 Mar 2026, filed 11 May 2026, close 7 Aug 2026