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VICI PropertiesVICI +0.08%79 EV-to-EBITDA is 12.86 as of Aug. 17, 2026, which is 19% below its 10-year median of 15.81. GuruFocus rates VICI with a GF Score™ of 79/100 and a GF Value™ of $32.01 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 673 REITs companies, VICI Properties ranks better than 63.3% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, VICI Properties's enterprise value is $47,012 Mil.
VICI Properties's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was $3,656 Mil. Therefore, VICI Properties's EV-to-EBITDA for today is 12.86.
The historical rank and industry rank for VICI Properties's EV-to-EBITDA or its related term are showing as below:
VICI'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 11.41 Med: 15.81 Max: 3104.91
Current: 12.86
During the past 12 years, the highest EV-to-EBITDA of VICI Properties was 3104.91. The lowest was 11.41. And the median was 15.81.
VICI's EV-to-EBITDA is ranked better than 63.3% of 673
companies
in the REITs industry
Industry Median: 15.4
vs VICI: 12.86
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
VICI Properties (NYSE:VICI) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
VICI Properties's PE Ratio (TTM) for today is calculated as:
VICI Properties's share price for today is $26.36.
VICI Properties's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.580.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for VICI Properties's EV-to-EBITDA 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.
For the REIT - Diversified subindustry, VICI Properties's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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.
VICI Properties EV-to-EBITDA vs REITs Industry
For the REITs industry and Real Estate sector, VICI Properties's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where VICI Properties's EV-to-EBITDA falls into.
VICI Properties's current Enterprise Value is $47,012 Mil.
VICI Properties's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,656 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.
VICI Properties (VICI) has a EV-to-EBITDA of 12.86 as of Aug. 17, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on VICI Properties. This is 19% below median its historical median of 15.81. Over the past decade, VICI Properties' EV-to-EBITDA has ranged from 11.41 to 3,104.91. According to the industry distribution chart, VICI Properties ranks #247 out of 673 companies in the REITs industry, placing it in the top 36.7%.
Is VICI Properties' EV-to-EBITDA too high?
VICI Properties' current EV-to-EBITDA of 12.86 is 19% below median its 10-year median of 15.81. Over the past 10 years, this metric has ranged from a low of 11.41 to a high of 3,104.91. The REITs industry median EV-to-EBITDA is 15.40. VICI Properties' value of 12.86 is 16.5% below this industry median. Based on the distribution chart, VICI Properties ranks #247 out of 673 companies in the REITs industry, which is above the industry midpoint. Overall, VICI Properties has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does VICI Properties' EV-to-EBITDA compare to WPC and BNL?
According to the REITs industry distribution chart, VICI Properties ranks #247 out of 673 companies for EV-to-EBITDA. This puts VICI Properties in the upper half of its industry. The industry median EV-to-EBITDA is 15.40. VICI Properties' value of 12.86 is 16.5% below this benchmark. Historically, VICI Properties' own EV-to-EBITDA has ranged from 11.41 to 3,104.91 over the past decade. While the company's 10-year median is 15.81 vs. the industry median of 15.40, VICI Properties 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-EBITDA for a REITs company?
The median EV-to-EBITDA among REITs companies is 15.40, based on 673 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. VICI Properties's current EV-to-EBITDA of 12.86 is 16.5% 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-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on VICI Properties. For the REITs industry, the median EV-to-EBITDA is 15.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VICI Properties's current EV-to-EBITDA is 12.86, which is 19% below median its own 10-year median of 15.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VICI Properties stock overvalued right now?
Based on GuruFocus' analysis, VICI Properties (VICI) is currently considered Modestly Undervalued. The stock's GF Value™ is $32.01, compared to a current price of $26.36 — trading 17.7% below its estimated fair value. The current EV-to-EBITDA is 12.86, which is 19% below median its 10-year median of 15.81 and 16.5% below the REITs industry median of 15.40. VICI Properties' overall GF Score™ is 79/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For VICI Properties (VICI), the current EV-to-EBITDA is 12.86 as of Aug. 17, 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 VICI Properties (VICI) Overvalued in 2026?
Based on GuruFocus' analysis, VICI Properties stock appears to be undervalued.
The current stock price of $26.36 is trading 17.7% below its estimated GF Value™ of $32.01.
GuruFocus considers VICI Properties to be Modestly Undervalued.
Key valuation signals for VICI:
EV-to-EBITDA: 12.86 (19% below median its 10-year median of 15.81)
GF Value™: $32.01 vs. price of $26.36 (17.7% below fair value)
Industry Position: 16.5% below the REITs median (#247 of 673)
No single metric tells the full story. See the VICI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
VICI Properties Inc is a real estate investment trust based in the United States. It engaged in the business of owning and acquiring gaming, hospitality, wellness, entertainment and leisure destinations, subject to long-term triple net leases. It own nearly 93 experiential assets across a geographically portfolio consisting of nearly 54 gaming properties and nearly 39 other experiential properties across the United States and Canada, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas.
79GF Score
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