Vicinity CentresASX:VCX +1.54%69 PE Ratio (TTM) is 9.20 as of Jun. 27, 2026, which is 21% below its 10-year median of 11.67. GuruFocus rates ASX:VCX with a GF Score™ of 69/100 and a GF Value™ of A$1.81 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 749 REITs companies, Vicinity Centres ranks better than 68.09% on this metric.
The PE Ratio (TTM), or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2026-06-27), Vicinity Centres's share price is
A$2.64.
Vicinity Centres's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.29. Therefore, Vicinity Centres's PE Ratio (TTM) for today is 9.20.
The historical rank and industry rank for Vicinity Centres's PE Ratio (TTM) or its related term are showing as below:
ASX:VCX'
s PE Ratio (TTM) Range Over the Past 10 Years
Min: 5.93 Med: 11.67 Max: 35.5
Current: 9.2
During the past 13 years, the highest PE Ratio (TTM) of Vicinity Centres was 35.50. The lowest was 5.93. And the median was 11.67.
ASX:VCX's PE Ratio (TTM) is ranked better than 68.09% of 749
companies
in the REITs industry
Industry Median: 13.3
vs ASX:VCX: 9.20
During the past 12 months, Vicinity Centres's average EPS without NRIGrowth Rate was 60.30% per year.
During the past 3 years, the average EPS without NRIGrowth Rate was -6.10% per year.
During the past 13 years, Vicinity Centres's highest 3-Year average EPS without NRI Growth Rate was 43.50% per year. The lowest was -34.30% per year. And the median was 8.30% per year.
Vicinity Centres's EPS (Basic) for the
six
months ended in Dec. 2025 was A$0.18.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.29.
Vicinity Centres (ASX:VCX) PE Ratio (TTM) Explanation
The PE Ratio (TTM) can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio (TTM) is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.
In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio (TTM) is positive. Also for stocks with the same PE Ratio (TTM), the one with faster growth business is more attractive.
If a company loses money, the PE Ratio (TTM) becomes meaningless.
To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio (TTM) divided by the growth ratio. He thinks a company with a PE Ratio (TTM) equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio (TTM) of 20, instead of a company growing 10% a year with a PE Ratio (TTM) of 10.
Because the PE Ratio (TTM) measures how long it takes to earn back the price you pay, the PE Ratio (TTM) can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.
Investors need to be aware that the PE Ratio (TTM) can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratio (TTM)s are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio (TTM) is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio .
PE Ratio (TTM) can also be affected by non-recurring-items 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 (TTM).
Vicinity Centres PE Ratio (TTM) Related Terms
Vicinity Centres PE Ratio (TTM) Historical Data
* Premium members only.
The historical data trend for Vicinity Centres's PE Ratio (TTM) 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 - Retail subindustry, Vicinity Centres's PE Ratio (TTM), along with its competitors' market caps and PE Ratio (TTM) 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 PE Ratio (TTM) vs REITs Industry
For the REITs industry and Real Estate sector, Vicinity Centres's PE Ratio (TTM) distribution charts can be found below:
* The bar in red indicates where Vicinity Centres's PE Ratio (TTM) falls into.
The PE Ratio (TTM), or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.
Vicinity Centres's Share Price of today is A$2.64.
For company reported semi-annually, Vicinity Centres's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$0.29.
* 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.
It can also be calculated from the numbers for the whole company:
There are at least three kinds of PE Ratio (TTM)s used by different investors. They are Trailing Twelve Month PE Ratio (TTM) or PE Ratio (TTM) (TTM), Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio (TTM) based on inflation-adjusted normalized PE Ratio (TTM) is called Shiller PE Ratio, after Yale professor Robert Shiller.
In the calculation of PE Ratio (TTM), the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.
Vicinity Centres (ASX:VCX) has a PE Ratio (TTM) of 9.20 as of Jun. 27, 2026. Trailing 12-month P/E ratio is the ratio of share price to a company's trailing 12-month earnings per share. View historical data on Vicinity Centres and its competitors. This is 21% below median its historical median of 11.67. Over the past decade, Vicinity Centres' PE Ratio (TTM) has ranged from 5.93 to 35.50. According to the industry distribution chart, Vicinity Centres ranks #239 out of 749 companies in the REITs industry, placing it in the top 31.9%.
Is Vicinity Centres' PE Ratio (TTM) too high?
Vicinity Centres' current PE Ratio (TTM) of 9.20 is 21% below median its 10-year median of 11.67. Over the past 10 years, this metric has ranged from a low of 5.93 to a high of 35.50. The REITs industry median PE Ratio (TTM) is 13.30. Vicinity Centres' value of 9.20 is 30.8% below this industry median. Based on the distribution chart, Vicinity Centres ranks #239 out of 749 companies in the REITs industry, which is above the industry midpoint. Overall, Vicinity Centres has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vicinity Centres' PE Ratio (TTM) compare to SPG and O?
According to the REITs industry distribution chart, Vicinity Centres ranks #239 out of 749 companies for PE Ratio (TTM). This puts Vicinity Centres in the upper half of its industry. The industry median PE Ratio (TTM) is 13.30. Vicinity Centres' value of 9.20 is 30.8% below this benchmark. Historically, Vicinity Centres' own PE Ratio (TTM) has ranged from 5.93 to 35.50 over the past decade. While the company's 10-year median is 11.67 vs. the industry median of 13.30, 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 PE Ratio (TTM) for a REITs company?
The median PE Ratio (TTM) among REITs companies is 13.30, based on 749 companies in the industry. Companies in the top quartile (top 25%) have a PE Ratio (TTM) significantly above this median, while those in the bottom quartile fall well below. However, PE Ratio (TTM) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vicinity Centres's current PE Ratio (TTM) of 9.20 is 30.8% 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 PE Ratio (TTM) mean?
A high PE Ratio (TTM) can signal that a stock is expensive relative to its fundamentals. Trailing 12-month P/E ratio is the ratio of share price to a company's trailing 12-month earnings per share. View historical data on Vicinity Centres and its competitors. For the REITs industry, the median PE Ratio (TTM) is 13.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vicinity Centres's current PE Ratio (TTM) is 9.20, which is 21% below median its own 10-year median of 11.67. 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$1.81, compared to a current price of A$2.64 — trading 45.9% above its estimated fair value. The current PE Ratio (TTM) is 9.20, which is 21% below median its 10-year median of 11.67 and 30.8% below the REITs industry median of 13.30. Vicinity Centres' overall GF Score™ is 69/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PE Ratio (TTM) calculated?
PE Ratio (TTM) is calculated from a company's financial statements. For Vicinity Centres (ASX:VCX), the current PE Ratio (TTM) is 9.20 as of Jun. 27, 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 45.9% above its estimated GF Value™ of A$1.81.
GuruFocus considers Vicinity Centres to be Significantly Overvalued.
Key valuation signals for ASX:VCX:
PE Ratio (TTM): 9.20 (21% below median its 10-year median of 11.67)
GF Value™: A$1.81 vs. price of A$2.64 (45.9% above fair value)
Industry Position: 30.8% below the REITs median (#239 of 749)
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.
69GF Score
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