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Vicinity CentresASX:VCX 58 Shiller PE Ratio is 19.43 as of Aug. 05, 2026, which is 38% above its 10-year median of 14.13. GuruFocus rates ASX:VCX with a GF Score™ of 58/100 and a GF Value™ of A$1.81 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 477 REITs companies, Vicinity Centres ranks worse than 67.09% on this metric.
As of today (2026-08-05), Vicinity Centres's current share price is A$2.72. Vicinity Centres's E10 for the fiscal year that ended in Jun25 was A$0.14. Vicinity Centres's Shiller PE Ratio for today is 19.43.
The historical rank and industry rank for Vicinity Centres's Shiller PE Ratio or its related term are showing as below:
ASX:VCX'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 9.97 Med: 14.13 Max: 19.16
Current: 19.16
During the past 13 years, Vicinity Centres's highest Shiller PE Ratio was 19.16. The lowest was 9.97. And the median was 14.13.
ASX:VCX's Shiller PE Ratio is ranked worse than 67.09% of 477
companies
in the REITs industry
Industry Median: 13.37
vs ASX:VCX: 19.16
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
Vicinity Centres's adjusted earnings per share data of for the fiscal year that ended in Jun25 was A$0.220. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is A$0.14 for the trailing ten years ended in Jun25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Vicinity Centres (ASX:VCX) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
Vicinity Centres Shiller PE Ratio Related Terms
Vicinity Centres Shiller PE Ratio Historical Data
* Premium members only.
The historical data trend for Vicinity Centres's Shiller 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.
ASX:VCX vs SPG, O, KIM: Shiller PE Ratio Comparison
For the REIT - Retail subindustry, Vicinity Centres's Shiller PE Ratio, along with its competitors' market caps and Shiller 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 Shiller PE Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Vicinity Centres's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Vicinity Centres's Shiller PE Ratio falls into.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
* 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's E10 for the fiscal year that ended in Jun25 is calculated as:
For example, Vicinity Centres's adjusted earnings per share data for the fiscal year that ended in Jun25 was:
Add all the adjusted EPS together and divide 10 will get our E10.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
Vicinity Centres (ASX:VCX) has a Shiller PE Ratio of 19.43 as of Aug. 05, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Vicinity Centres and its competitors. This is 38% above median its historical median of 14.13. Over the past decade, Vicinity Centres' Shiller PE Ratio has ranged from 9.97 to 19.16. According to the industry distribution chart, Vicinity Centres ranks #320 out of 477 companies in the REITs industry, placing it in the top 67.1%.
Is Vicinity Centres' Shiller PE Ratio too high?
Vicinity Centres' current Shiller PE Ratio of 19.43 is 38% above median its 10-year median of 14.13. Over the past 10 years, this metric has ranged from a low of 9.97 to a high of 19.16. The REITs industry median Shiller PE Ratio is 13.37. Vicinity Centres' value of 19.43 is 45.3% above this industry median. Based on the distribution chart, Vicinity Centres ranks #320 out of 477 companies in the REITs industry, which is below the industry midpoint. Overall, Vicinity Centres has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vicinity Centres' Shiller PE Ratio compare to SPG and O?
According to the REITs industry distribution chart, Vicinity Centres ranks #320 out of 477 companies for Shiller PE Ratio. This places Vicinity Centres in the lower half of its industry. The industry median Shiller PE Ratio is 13.37. Vicinity Centres' value of 19.43 is 45.3% above this benchmark. Historically, Vicinity Centres' own Shiller PE Ratio has ranged from 9.97 to 19.16 over the past decade. While the company's 10-year median is 14.13 vs. the industry median of 13.37, 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 Shiller PE Ratio for a REITs company?
The median Shiller PE Ratio among REITs companies is 13.37, based on 477 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vicinity Centres's current Shiller PE Ratio of 19.43 is 45.3% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Vicinity Centres and its competitors. For the REITs industry, the median Shiller PE Ratio is 13.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vicinity Centres's current Shiller PE Ratio is 19.43, which is 38% above median its own 10-year median of 14.13. 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$2.72 — trading 50.3% above its estimated fair value. The current Shiller PE Ratio is 19.43, which is 38% above median its 10-year median of 14.13 and 45.3% above the REITs industry median of 13.37. Vicinity Centres' overall GF Score™ is 58/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Vicinity Centres (ASX:VCX), the current Shiller PE Ratio is 19.43 as of Aug. 05, 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$2.72 is trading 50.3% above its estimated GF Value™ of A$1.81.
GuruFocus considers Vicinity Centres to be Significantly Overvalued.
Key valuation signals for ASX:VCX:
Shiller PE Ratio: 19.43 (38% above median its 10-year median of 14.13)
GF Value™: A$1.81 vs. price of A$2.72 (50.3% above fair value)
Industry Position: 45.3% above the REITs median (#320 of 477)
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.
58GF Score
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