VICI PropertiesMEX:VICI +0.44%63 Return-on-Tangible-Equity is 12.48% as of Mar. 2026, which is 32% above its 10-year median of 9.42. GuruFocus rates MEX:VICI with a GF Score™ of 63/100 and a GF Value™ of MXN591.92 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 934 REITs companies, VICI Properties ranks better than 76.87% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. VICI Properties's annualized net income for the quarter that ended in Mar. 2026 was MXN62,926 Mil. VICI Properties's average shareholder tangible equity for the quarter that ended in Mar. 2026 was MXN504,417 Mil. Therefore, VICI Properties's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 12.48%.
The historical rank and industry rank for VICI Properties's Return-on-Tangible-Equity or its related term are showing as below:
MEX:VICI'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.79 Med: 9.42 Max: 11.31
Current: 11.31
During the past 12 years, VICI Properties's highest Return-on-Tangible-Equity was 11.31%. The lowest was 1.79%. And the median was 9.42%.
MEX:VICI's Return-on-Tangible-Equity is ranked better than 76.87% of 934
companies
in the REITs industry
Industry Median: 6.225
vs MEX:VICI: 11.31
VICI Properties (MEX:VICI) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
VICI Properties Return-on-Tangible-Equity Related Terms
VICI Properties Return-on-Tangible-Equity Historical Data
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The historical data trend for VICI Properties's Return-on-Tangible-Equity 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.
MEX:VICI vs WPC, BNL, GNL: Return-on-Tangible-Equity Comparison
For the REIT - Diversified subindustry, VICI Properties's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, VICI Properties's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where VICI Properties's Return-on-Tangible-Equity falls into.
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 12.48% mean?
VICI Properties (MEX:VICI) has a Return-on-Tangible-Equity of 12.48% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on VICI Properties and its competitors. This is 32% above median its historical median of 9.42. Over the past decade, VICI Properties' Return-on-Tangible-Equity has ranged from 1.79 to 11.31. According to the industry distribution chart, VICI Properties ranks #216 out of 934 companies in the REITs industry, placing it in the top 23.1%.
Is VICI Properties' Return-on-Tangible-Equity too high?
VICI Properties' current Return-on-Tangible-Equity of 12.48% is 32% above median its 10-year median of 9.42. Over the past 10 years, this metric has ranged from a low of 1.79 to a high of 11.31. The REITs industry median Return-on-Tangible-Equity is 6.23. VICI Properties' value of 12.48% is 100.5% above this industry median. Based on the distribution chart, VICI Properties ranks #216 out of 934 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, VICI Properties has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does VICI Properties' Return-on-Tangible-Equity compare to WPC and BNL?
According to the REITs industry distribution chart, VICI Properties ranks #216 out of 934 companies for Return-on-Tangible-Equity. This places VICI Properties in the top 23% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.23. VICI Properties' value of 12.48% is 100.5% above this benchmark. Historically, VICI Properties' own Return-on-Tangible-Equity has ranged from 1.79 to 11.31 over the past decade. While the company's 10-year median is 9.42 vs. the industry median of 6.23, VICI Properties 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 Return-on-Tangible-Equity for a REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.23, based on 934 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. VICI Properties's current Return-on-Tangible-Equity of 12.48% is 100.5% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on VICI Properties and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VICI Properties's current Return-on-Tangible-Equity is 12.48%, which is 32% above median its own 10-year median of 9.42. 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 (MEX:VICI) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN591.92, compared to a current price of MXN456.00 — trading 23% below its estimated fair value. The current Return-on-Tangible-Equity is 12.48%, which is 32% above median its 10-year median of 9.42 and 100.5% above the REITs industry median of 6.23. VICI Properties' overall GF Score™ is 63/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For VICI Properties (MEX:VICI), the current Return-on-Tangible-Equity is 12.48% as of Mar. 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 (MEX:VICI) Overvalued in 2026?
Based on GuruFocus' analysis, VICI Properties stock appears to be undervalued.
The current stock price of MXN456.00 is trading 23% below its estimated GF Value™ of MXN591.92.
GuruFocus considers VICI Properties to be Modestly Undervalued.
Key valuation signals for MEX:VICI:
Return-on-Tangible-Equity: 12.48% (32% above median its 10-year median of 9.42)
GF Value™: MXN591.92 vs. price of MXN456.00 (23% below fair value)
Industry Position: 100.5% above the REITs median (#216 of 934)
No single metric tells the full story. See the MEX: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.
63GF Score
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