VICI Properties Inc. VICI
- Market cap
- $25.8B
- P/E
- 9.1×
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VICI Properties Inc. (VICI) EV/EBITDA
As of 25 September 2026, VICI Properties Inc. (VICI) trades at a EV/EBITDA of 11.4×. Over the past ten years it has ranged from 0.0× (December 2018) to 38.9× (August 2022); the current reading is higher than 13% of that period. That is in line with the Reit Diversified industry median of 11.6× and below the Real Estate sector median of 15.2×.
EV/EBITDA, daily
Annual
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2025 | 12.4× | (4.46%) |
| FY2024 | 13.0× | (10.57%) |
| FY2023 | 14.5× | (41.76%) |
| FY2022 | 24.9× | 80.83% |
| FY2021 | 13.8× | (33.27%) |
| FY2020 | 20.7× | 33.95% |
| FY2019 | 15.4× | 35.84% |
| FY2018 | 11.4× | — |
| FY2017 | 0.0× | — |
| FY2016 | 0.0× | — |
Quarterly
| Period | EV/EBITDA | Change |
|---|---|---|
| Jun 2026 | 12.3× | 9.80% |
| Mar 2026 | 11.2× | (9.44%) |
| Dec 2025 | 12.4× | (9.42%) |
| Sep 2025 | 13.7× | (0.95%) |
| 30 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| SAFE Safehold Inc. compare | 5.4× |
| GNL Global Net Lease, Inc. compare | 7.5× |
| CTO CTO Realty Growth, Inc. compare | 10.8× |
| VICI VICI Properties Inc. | 11.4× |
| AAT American Assets Trust, Inc. compare | 12.5× |
| BNL Broadstone Net Lease, Inc. compare | 12.7× |
| JBGS JBG SMITH Properties compare | 15.6× |
| ESRT Empire State Realty Trust, Inc. compare | 15.8× |
| WPC W.P. Carey Inc. compare | 18.2× |
| Reit Diversified industry median | 11.6× |
| Real Estate sector median | 15.2× |
| Market median | 11.0× |
What EV/EBITDA is
Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)
More on VICI
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement