Vicinity Centres (ASX:VCX) EV-to-EBIT: 10.44 (As of Aug. 25, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ASX:VCX Vicinity Centres ASX:VCX
72 GF Score
Price A$2.52
GF Value A$2.27
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Vicinity Centres EV-to-EBIT?

Vicinity Centres ASX:VCX -2.70% 72 EV-to-EBIT is 10.44 as of Aug. 25, 2026, which is 4% below its 10-year median of 10.83. GuruFocus rates ASX:VCX with a GF Score™ of 72/100 and a GF Value™ of A$2.27 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 655 REITs companies, Vicinity Centres ranks better than 76.79% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Vicinity Centres's Enterprise Value is A$16,568 Mil. Vicinity Centres's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was A$1,588 Mil. Therefore, Vicinity Centres's EV-to-EBIT for today is 10.44.

The historical rank and industry rank for Vicinity Centres's EV-to-EBIT or its related term are showing as below:

ASX:VCX' s EV-to-EBIT Range Over the Past 10 Years
Min: -112.99   Med: 10.83   Max: 31.65
Current: 10.44

During the past 13 years, the highest EV-to-EBIT of Vicinity Centres was 31.65. The lowest was -112.99. And the median was 10.83.

ASX:VCX's EV-to-EBIT is ranked better than
76.79% of 655 companies
in the REITs industry
Industry Median: 18 vs ASX:VCX: 10.44

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Vicinity Centres's Enterprise Value for the quarter that ended in Jun. 2026 was A$16,846 Mil. Vicinity Centres's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was A$1,588 Mil. Vicinity Centres's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 9.42%.


Vicinity Centres  (ASX:VCX) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Vicinity Centres's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Jun. 2026 ) =EBIT / Enterprise Value (Q: Jun. 2026 )
=1587.5/16846.174
=9.42 %

Vicinity Centres's Enterprise Value for the quarter that ended in Jun. 2026 was A$16,846 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Vicinity Centres's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was A$1,588 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Vicinity Centres EV-to-EBIT Related Terms


Vicinity Centres EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Vicinity Centres's EV-to-EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Vicinity Centres EV-to-EBIT Chart

Vicinity Centres Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.10 28.67 17.76 13.33 10.61

Vicinity Centres Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
EV-to-EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.76 0.00 13.33 0.00 10.61

ASX:VCX vs SPG, O, KIM: EV-to-EBIT Comparison

For the REIT - Retail subindustry, Vicinity Centres's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Vicinity Centres EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, Vicinity Centres's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Vicinity Centres's EV-to-EBIT falls into.


ASX:VCX
72GF Score
Vicinity Centres ASX:VCX
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vicinity Centres EV-to-EBIT Calculation

Vicinity Centres's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=16567.847/1587.5
=10.44

Vicinity Centres's current Enterprise Value is A$16,568 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Vicinity Centres's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was A$1,588 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EV-to-EBIT →
What does a EV-to-EBIT of 10.44 mean?
Vicinity Centres (ASX:VCX) has a EV-to-EBIT of 10.44 as of Aug. 25, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Vicinity Centres and its competitors. This is near median its historical median of 10.83. According to the industry distribution chart, Vicinity Centres ranks #152 out of 655 companies in the REITs industry, placing it in the top 23.2%.
Is Vicinity Centres' EV-to-EBIT too high?
Vicinity Centres' current EV-to-EBIT of 10.44 is near median its 10-year median of 10.83. The REITs industry median EV-to-EBIT is 18.00. Vicinity Centres' value of 10.44 is 42% below this industry median. Based on the distribution chart, Vicinity Centres ranks #152 out of 655 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Vicinity Centres has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vicinity Centres' EV-to-EBIT compare to SPG and O?
According to the REITs industry distribution chart, Vicinity Centres ranks #152 out of 655 companies for EV-to-EBIT. This places Vicinity Centres in the top 23% of its industry — outperforming the majority of peers. The industry median EV-to-EBIT is 18.00. Vicinity Centres' value of 10.44 is 42% below this benchmark. While the company's 10-year median is 10.83 vs. the industry median of 18.00, Vicinity Centres has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBIT for a REITs company?
The median EV-to-EBIT among REITs companies is 18.00, based on 655 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vicinity Centres's current EV-to-EBIT of 10.44 is 42% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Vicinity Centres and its competitors. For the REITs industry, the median EV-to-EBIT is 18.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vicinity Centres's current EV-to-EBIT is 10.44, which is near median its own 10-year median of 10.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vicinity Centres stock overvalued right now?
Based on GuruFocus' analysis, Vicinity Centres (ASX:VCX) is currently considered Modestly Overvalued. The stock's GF Value™ is A$2.27, compared to a current price of A$2.52 — trading 11% above its estimated fair value. The current EV-to-EBIT is 10.44, which is near median its 10-year median of 10.83 and 42% below the REITs industry median of 18.00. Vicinity Centres' overall GF Score™ is 72/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Vicinity Centres (ASX:VCX), the current EV-to-EBIT is 10.44 as of Aug. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Vicinity Centres (ASX:VCX) Overvalued in 2026?

Based on GuruFocus' analysis, Vicinity Centres stock appears to be overvalued. The current stock price of A$2.52 is trading 11% above its estimated GF Value™ of A$2.27. GuruFocus considers Vicinity Centres to be Modestly Overvalued.

Key valuation signals for ASX:VCX:

  • EV-to-EBIT: 10.44 (near median its 10-year median of 10.83)
  • GF Value™: A$2.27 vs. price of A$2.52 (11% above fair value)
  • GF Score™: 72/100 with 7 warning signs
  • Industry Position: 42% below the REITs median (#152 of 655)

No single metric tells the full story. See the ASX:VCX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vicinity Centres Business Description

Industry Real EstateREITs
Other Exchanges CNRAF:USA
Address 1341 Dandenong Road, Level 4, Chadstone Tower One, Chadstone, Melbourne, VIC, AUS, 3148
Vicinity Centres operates about 50 shopping malls in Australia. They include several iconic city centers, like Queen Victoria Building, The Strand Arcade and The Galeries in Sydney, which are frequented by tourists and office workers nearby. Melbourne's Chadstone, Vicinity's crown jewel, is Australia's largest and highest turnover shopping mall. Smaller regional and neighborhood centers, to which Vicinity is consciously trimming exposure, account for around 15% of the portfolio. Vast majority of Vicinity's income is derived from rents. The group also earns small management fees for managing properties and development projects on behalf of capital partners.
72GF Score

Get the complete analysis for ASX:VCX

EV-to-EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$2.52
Price
A$2.27
GF Value