Question 1

What is VICI Properties's P/E ratio?

Accepted Answer

VICI Properties (VICI) P/E ratio is 9.6× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for VICI Properties?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For VICI Properties specifically, the relevant sector benchmark is the current sector median of 27.5×.

Question 5

Is VICI Properties's P/E ratio high or low?

Accepted Answer

VICI Properties's P/E ratio of 9.6× is below its own 5-year average of 17.1× and below the sector median of 27.5×. That places the current reading at the 0th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is VICI Properties's historical P/E ratio range?

Accepted Answer

In the available daily series, VICI Properties (VICI) P/E ratio has ranged from a low of 9.4× in 2026 to a high of 86914.9× in 2017. The 5-year average is 17.1× and the 5-year median is 13.1×.

Question 7

What was VICI Properties's P/E ratio in 2025?

Accepted Answer

VICI Properties (VICI) P/E ratio at the end of 2025 was 10.8×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does VICI Properties's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$29.84B	$2.78B	10.8×	-0.8×	Dec 31, 2025
2024	$30.82B	$2.68B	11.5×	-1.6×	Dec 31, 2024
2023	$33.05B	$2.51B	13.1×	-14.8×	Dec 31, 2023
2022	$31.19B	$1.12B	27.9×	+9.2×	Dec 31, 2022
2021	$18.93B	$1.01B	18.7×	+3.3×	Dec 31, 2021
2020	$13.68B	$891.67M	15.3×	-6.2×	Dec 31, 2020
2019	$11.77B	$545.96M	21.6×	+7.7×	Dec 31, 2019
2018	$7.24B	$523.62M	13.8×	-151.5×	Dec 31, 2018
2017	$7.06B	$42.66M	165.4×	-86749.5×	Dec 31, 2017
2016	$6.69B	$77.00K	86914.9×	—	Dec 31, 2016


Crown Castle (CCI)	33.5×
Prologis (PLD)	33.1×
Universal Health Realty Income Trust (UHT)	31.4×
Tanger (SKT)	31.0×
CBRE Group (CBRE)	30.4×
Extra Space Storage (EXR)	29.3×
STAG Industrial (STAG)	28.2×
American Tower (AMT)	28.0×
Essex Property Trust (ESS)	27.1×
Camden Property Trust (CPT)	26.4×
BXP (BXP)	26.0×
Invitation Homes (INVH)	25.8×
Public Storage (PSA)	25.0×
Kimco Realty (KIM)	24.5×
Equity Residential (EQR)	23.3×
UDR (UDR)	22.5×
Regency Centers (REG)	22.1×
NNN REIT (NNN)	20.5×
AvalonBay Communities (AVB)	20.0×
Federal Realty Investment Trust (FRT)	18.0×
SBA Communications (SBAC)	17.9×
Host Hotels & Resorts (HST)	13.1×
Simon Property Group (SPG)	12.9×
Arbor Realty Trust (ABR)	12.6×
Apartment Investment and Management (AIV)	1.0×

P/E Ratio for VICI Properties (VICI)

P/E Ratio daily chart for VICI Properties (VICI)

Historical P/E Ratio for VICI Properties (VICI) from 2016 to 2025

About P/E Ratio at VICI Properties (VICI)

VICI Properties P/E Ratio by Year

VICI Properties P/E Ratio 2025: 10.8×

VICI Properties P/E Ratio 2024: 11.5×

VICI Properties P/E Ratio 2023: 13.1×

VICI Properties P/E Ratio 2022: 27.9×

VICI Properties P/E Ratio 2021: 18.7×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

VICI Properties (VICI) Key Financials

P/E Ratio daily chart for VICI Properties (VICI)

Historical P/E Ratio for VICI Properties (VICI) from 2016 to 2025

About P/E Ratio at VICI Properties (VICI)

VICI Properties P/E Ratio by Year

VICI Properties P/E Ratio 2025: 10.8×

VICI Properties P/E Ratio 2024: 11.5×

VICI Properties P/E Ratio 2023: 13.1×

VICI Properties P/E Ratio 2022: 27.9×

VICI Properties P/E Ratio 2021: 18.7×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is VICI Properties's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for VICI Properties?

+Is VICI Properties's P/E ratio high or low?

+What is VICI Properties's historical P/E ratio range?

+What was VICI Properties's P/E ratio in 2025?

+Why does VICI Properties's P/E ratio change over time?

VICI Properties (VICI) Key Financials