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Vicinity CentresASX:VCX 59 Equity-to-Asset is 0.69 as of Dec. 2025, which is at its 10-year median of 0.69. GuruFocus rates ASX:VCX with a GF Score™ of 59/100 and a GF Value™ of A$1.80 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 941 REITs companies, Vicinity Centres ranks better than 65.67% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Vicinity Centres's Total Stockholders Equity for the quarter that ended in Dec. 2025 was A$11,745 Mil. Vicinity Centres's Total Assets for the quarter that ended in Dec. 2025 was A$16,933 Mil.
Therefore, Vicinity Centres's Equity to Asset Ratio for the quarter that ended in Dec. 2025 was 0.69.
The historical rank and industry rank for Vicinity Centres's Equity-to-Asset or its related term are showing as below:
ASX:VCX'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.66 Med: 0.69 Max: 0.71
Current: 0.69
During the past 13 years, the highest Equity to Asset Ratio of Vicinity Centres was 0.71. The lowest was 0.66. And the median was 0.69.
ASX:VCX's Equity-to-Asset is ranked better than 65.67% of 941
companies
in the REITs industry
Industry Median: 0.59
vs ASX:VCX: 0.69
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Vicinity Centres Equity-to-Asset Related Terms
Vicinity Centres Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Vicinity Centres's Equity-to-Asset 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.
ASX:VCX vs SPG, O, KIM: Equity-to-Asset Comparison
For the REIT - Retail subindustry, Vicinity Centres's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Vicinity Centres's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Vicinity Centres's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Vicinity Centres's Equity to Asset Ratio for the fiscal year that ended in Jun. 2025 is calculated as
* 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 (ASX:VCX) has a Equity-to-Asset of 0.69 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Vicinity Centres and its competitors. This is near median its historical median of 0.69. Over the past decade, Vicinity Centres' Equity-to-Asset has ranged from 0.66 to 0.71. According to the industry distribution chart, Vicinity Centres ranks #323 out of 941 companies in the REITs industry, placing it in the top 34.3%.
Is Vicinity Centres' Equity-to-Asset too high?
Vicinity Centres' current Equity-to-Asset of 0.69 is near median its 10-year median of 0.69. Over the past 10 years, this metric has ranged from a low of 0.66 to a high of 0.71. The REITs industry median Equity-to-Asset is 0.59. Vicinity Centres' value of 0.69 is 16.9% above this industry median. Based on the distribution chart, Vicinity Centres ranks #323 out of 941 companies in the REITs industry, which is above the industry midpoint. Overall, Vicinity Centres has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vicinity Centres' Equity-to-Asset compare to SPG and O?
According to the REITs industry distribution chart, Vicinity Centres ranks #323 out of 941 companies for Equity-to-Asset. This puts Vicinity Centres in the upper half of its industry. The industry median Equity-to-Asset is 0.59. Vicinity Centres' value of 0.69 is 16.9% above this benchmark. Historically, Vicinity Centres' own Equity-to-Asset has ranged from 0.66 to 0.71 over the past decade. While the company's 10-year median is 0.69 vs. the industry median of 0.59, Vicinity Centres has consistently been above 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 Equity-to-Asset for a REITs company?
The median Equity-to-Asset among REITs companies is 0.59, based on 941 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vicinity Centres's current Equity-to-Asset of 0.69 is 16.9% above 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Vicinity Centres and its competitors. For the REITs industry, the median Equity-to-Asset is 0.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vicinity Centres's current Equity-to-Asset is 0.69, which is near median its own 10-year median of 0.69. 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 Significantly Overvalued. The stock's GF Value™ is A$1.80, compared to a current price of A$2.62 — trading 45.6% above its estimated fair value. The current Equity-to-Asset is 0.69, which is near median its 10-year median of 0.69 and 16.9% above the REITs industry median of 0.59. Vicinity Centres' overall GF Score™ is 59/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Vicinity Centres (ASX:VCX), the current Equity-to-Asset is 0.69 as of Dec. 2025. 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$2.62 is trading 45.6% above its estimated GF Value™ of A$1.80.
GuruFocus considers Vicinity Centres to be Significantly Overvalued.
Key valuation signals for ASX:VCX:
Equity-to-Asset: 0.69 (near median its 10-year median of 0.69)
GF Value™: A$1.80 vs. price of A$2.62 (45.6% above fair value)
Industry Position: 16.9% above the REITs median (#323 of 941)
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 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.
59GF Score
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