Is Simon Property Group (SPG) Still Attractive After Strong Multi‑Year Share Price Gains?

Simply Wall St.01-17

If you are wondering whether Simon Property Group is still reasonably priced at around US$182, this article walks through what the current share price might be implying about its value. The stock is ...

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The stock is ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/real-estate/nyse-spg/simon-property-group/news/is-simon-property-group-spg-still-attractive-after-strong-mu\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CFA.SI","symbol_name":"NikkoAM-STC Asia REIT","start_time":0,"source_url":"https://simplywall.st/stocks/us/real-estate/nyse-spg/simon-property-group/news/is-simon-property-group-spg-still-attractive-after-strong-mu","article_id":"2604918265","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/company-cover/34378-main-header/1756253341139"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/us/real-estate/nyse-spg/simon-property-group/news/is-simon-property-group-spg-still-attractive-after-strong-mu","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2604918265","pubTimestamp":1768581264,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"If you are wondering whether Simon Property Group is still reasonably priced at around US$182, this article walks through what the current share price might be implying about its value.\nThe stock is close to its recent level at US$182.31, with a 1% decline over the last 7 days, a flat 0.1% decline over 30 days, and returns of 10.9% over 1 year, 77.3% over 3 years and 151.6% over 5 years, which may have shifted how investors are thinking about risk and reward.\nRecently, headlines around Simon...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"CFA.SI":"NikkoAM-STC Asia REIT","DCF":"Dreyfus Alcentra Global Credit Income 2024 Target Term Fund, Inc","BK4231":"零售房地产信托","SPG":"西蒙地产","BK4080":"零售业房地产投资信托","BK4588":"碎股","BK4585":"ETF&股票定投概念","BK7141":"包装食品与肉类","SPG.AU":"SPC Global Holdings Ltd"},"translate_title":"西蒙地产集团（SPG）在股价多年强劲上涨后仍然具有吸引力吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CFA.SI":1.5,"DCF":1,"SPG":1.5,"SPG.AU":1.5},"content_text":"If you are wondering whether Simon Property Group is still reasonably priced at around US$182, this article walks through what the current share price might be implying about its value. The stock is close to its recent level at US$182.31, with a 1% decline over the last 7 days, a flat 0.1% decline over 30 days, and returns of 10.9% over 1 year, 77.3% over 3 years and 151.6% over 5 years, which may have shifted how investors are thinking about risk and reward. Recently, headlines around Simon Property Group have focused on its role as a large US retail REIT and investor attention on how physical shopping centers fit into a consumer economy that is still balancing online and in person spending. This kind of context often shapes how investors interpret the share price, even when the short term moves look modest. On our checklist based approach, Simon Property Group scores 5 out of 6 on valuation, suggesting there is more to unpack in standard methods like DCF, multiples and yield comparisons. We will also touch on a different way of thinking about value at the end of this article.  Simon Property Group delivered 10.9% returns over the last year. See how this stacks up to the rest of the Retail REITs industry. AdvertisementApproach 1: Simon Property Group Discounted Cash Flow (DCF) Analysis A Discounted Cash Flow, or DCF, model takes Simon Property Group’s adjusted funds from operations, projects them into the future, then discounts those cash flows back to today’s value to estimate what the business might be worth as a whole. For Simon Property Group, the model uses last twelve month free cash flow of about $4.36b and projects this forward using a 2 stage Free Cash Flow to Equity approach based on adjusted funds from operations. Analyst inputs cover the earlier years, and Simply Wall St extrapolates beyond that, with projected free cash flow of about $5.05b in 2030. Each future cash flow is discounted back to today using a required rate of return, which represents the return investors ask for to hold the stock. On this basis, the DCF model arrives at an estimated intrinsic value of about $261.65 per share. Compared with the current share price around $182, this implies the stock screens as 30.3% undervalued on this methodology. Result: UNDERVALUED Our Discounted Cash Flow (DCF) analysis suggests Simon Property Group is undervalued by 30.3%. Track this in your watchlist or portfolio, or discover 868 more undervalued stocks based on cash flows. SPG Discounted Cash Flow as at Jan 2026 Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Simon Property Group. Approach 2: Simon Property Group Price vs Earnings For a profitable company like Simon Property Group, the P/E ratio is a useful way to link what you pay per share to the earnings that support that price. It gives a quick sense of how many years of current earnings investors are willing to pay for. What counts as a “normal” P/E depends a lot on expectations and risk. Higher expected earnings growth or lower perceived risk can justify a higher multiple, while slower growth or higher uncertainty usually support a lower one. Simon Property Group currently trades on a P/E of about 26.43x. That sits slightly below the Retail REITs industry average of around 27.19x, and also below the broader peer average of roughly 35.29x. Simply Wall St’s “Fair Ratio” for Simon Property Group is 31.96x. This proprietary metric estimates the P/E you might expect given factors such as earnings growth, industry, profit margin, market cap and risk profile. The Fair Ratio is designed to be more tailored than a simple industry or peer comparison, because it accounts for company specific characteristics rather than treating all Retail REITs as identical. With the current P/E of 26.43x sitting below the Fair Ratio of 31.96x, the multiple-based view points to the shares screening as undervalued on this approach. Result: UNDERVALUED NYSE:SPG P/E Ratio as at Jan 2026 P/E ratios tell one story, but what if the real opportunity lies elsewhere? Discover 1442 companies where insiders are betting big on explosive growth. Upgrade Your Decision Making: Choose your Simon Property Group Narrative Earlier we mentioned that there is an even better way to think about valuation, and on Simply Wall St that means building a Narrative. This is your own story about Simon Property Group that connects what you believe about its malls, mixed use redevelopments and REIT sector backdrop to a set of revenue, earnings and margin forecasts. You then turn those into a fair value, and keep that view updated in the Community page as new earnings or news arrive. This allows you to compare your Fair Value to the current price and see, for example, how one investor looking for a higher fair value around US$225 based on strong redevelopment progress and a 2026 REIT turnaround sits alongside another who anchors closer to US$169 because they focus more on retail bankruptcies, redevelopment spend and refinancing risk. Do you think there's more to the story for Simon Property Group? Head over to our Community to see what others are saying! NYSE:SPG 1-Year Stock Price Chart  This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.New: Manage All Your Stock Portfolios in One PlaceWe've created the ultimate portfolio companion for stock investors, and it's free.• Connect an unlimited number of Portfolios and see your total in one currency• Be alerted to new Warning Signs or Risks via email or mobile• Track the Fair Value of your stocksTry a Demo Portfolio for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. 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