Vicinity Centres (ASX:VCX) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Vicinity Centres Forward PE Ratio Related Terms
Vicinity Centres Forward PE Ratio Historical Data
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The historical data trend for Vicinity Centres's Forward PE Ratio 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 Forward PE Ratio Chart
Vicinity Centres Annual Data
Trend
2016-06
2017-06
2018-06
2019-06
2020-06
2021-06
2022-06
2023-06
2024-06
2025-06
Forward PE Ratio
16.64
13.48
13.81
13.61
13.81
12.99
14.39
12.41
14.06
16.60
Vicinity Centres Semi-Annual Data
2015-12
2016-06
2016-12
2017-06
2017-12
2018-06
2018-12
2019-06
2019-12
2020-06
2020-12
2021-06
2021-12
2022-06
2022-12
2023-06
2023-12
2024-06
2024-12
2025-06
2025-12
Forward PE Ratio
14.90
16.64
16.13
13.48
15.27
13.81
14.64
13.61
14.73
13.81
15.06
12.99
14.86
14.39
15.17
12.41
17.92
14.06
14.62
16.60
17.25
ASX:VCX vs SPG, O, KIM: Forward PE Ratio Comparison
For the REIT - Retail subindustry, Vicinity Centres's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio 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 Forward PE Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Vicinity Centres's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Vicinity Centres's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Vicinity Centres (ASX:VCX) has a Forward PE Ratio of 16.71 as of Jul. 03, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Vicinity Centres and its competitors. According to the industry distribution chart, Vicinity Centres ranks #237 out of 463 companies in the REITs industry, placing it in the top 51.2%.
Is Vicinity Centres' Forward PE Ratio too high?
Vicinity Centres' current Forward PE Ratio is 16.71. The REITs industry median Forward PE Ratio is 16.13. Vicinity Centres' value of 16.71 is 3.6% above this industry median. Based on the distribution chart, Vicinity Centres ranks #237 out of 463 companies in the REITs industry, which is below the industry midpoint. Overall, Vicinity Centres has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vicinity Centres' Forward PE Ratio compare to SPG and O?
According to the REITs industry distribution chart, Vicinity Centres ranks #237 out of 463 companies for Forward PE Ratio. This places Vicinity Centres in the lower half of its industry. The industry median Forward PE Ratio is 16.13. Vicinity Centres' value of 16.71 is 3.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a REITs company?
The median Forward PE Ratio among REITs companies is 16.13, based on 463 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vicinity Centres's current Forward PE Ratio of 16.71 is 3.6% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Vicinity Centres and its competitors. For the REITs industry, the median Forward PE Ratio is 16.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vicinity Centres's current Forward PE Ratio is 16.71. 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$2.64 — trading 46.7% above its estimated fair value. The current Forward PE Ratio is 16.71 and 3.6% above the REITs industry median of 16.13. Vicinity Centres' overall GF Score™ is 63/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Vicinity Centres (ASX:VCX), the current Forward PE Ratio is 16.71 as of Jul. 03, 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$2.64 is trading 46.7% above its estimated GF Value™ of A$1.80.
GuruFocus considers Vicinity Centres to be Significantly Overvalued.
Key valuation signals for ASX:VCX:
Forward PE Ratio: 16.71
GF Value™: A$1.80 vs. price of A$2.64 (46.7% above fair value)
Industry Position: 3.6% above the REITs median (#237 of 463)
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.
63GF Score
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