Question 1

What is VICI Properties's P/S ratio?

Accepted Answer

VICI Properties (VICI) P/S ratio is 7.0× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

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

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For VICI Properties specifically, the relevant sector benchmark is the current sector median of 6.4×.

Question 5

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

Accepted Answer

VICI Properties's P/S ratio of 7.0× is below its own 5-year average of 9.9× and above the sector median of 6.4×. That places the current reading at the 1th 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/S ratio range?

Accepted Answer

In the available daily series, VICI Properties (VICI) P/S ratio has ranged from a low of 6.8× in 2026 to a high of 358.8× in 2017. The 5-year average is 9.9× and the 5-year median is 9.2×.

Question 7

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

Accepted Answer

VICI Properties (VICI) P/S ratio at the end of 2025 was 7.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$29.8B	$4.01B	7.4×	-0.6×	Dec 31, 2025
2024	$30.8B	$3.85B	8.0×	-1.1×	Dec 31, 2024
2023	$33.1B	$3.61B	9.2×	-2.8×	Dec 31, 2023
2022	$31.2B	$2.6B	12.0×	-0.5×	Dec 31, 2022
2021	$18.9B	$1.51B	12.5×	+1.4×	Dec 31, 2021
2020	$13.7B	$1.23B	11.2×	-2.0×	Dec 31, 2020
2019	$11.8B	$895M	13.2×	+5.1×	Dec 31, 2019
2018	$7.24B	$898M	8.1×	-27.0×	Dec 31, 2018
2017	$7.06B	$201M	35.0×	-321.2×	Dec 31, 2017
2016	$6.69B	$18.8M	356.3×	—	Dec 31, 2016


Regency Centers (REG)	8.4×
Extra Space Storage (EXR)	8.1×
STAG Industrial (STAG)	8.0×
AvalonBay Communities (AVB)	7.5×
American Tower (AMT)	7.4×
Kimco Realty (KIM)	7.0×
Camden Property Trust (CPT)	6.5×
UDR (UDR)	6.4×
Tanger (SKT)	6.4×
Mid-America Apartment Communities (MAA)	6.4×
SBA Communications (SBAC)	6.4×
Ventas (VTR)	6.3×
Invitation Homes (INVH)	5.4×
CoStar Group (CSGP)	4.9×
Apartment Investment and Management (AIV)	4.5×
Iron Mountain (IRM)	4.2×
Healthpeak Properties (DOC)	4.0×
Alexandria Real Estate Equities (ARE)	3.0×
Medical Properties Trust (MPT)	2.8×
Weyerhaeuser (WY)	2.5×
BXP (BXP)	2.4×
Host Hotels & Resorts (HST)	2.2×
Arbor Realty Trust (ABR)	1.2×
Opendoor Technologies (OPEN)	1.1×
CBRE Group (CBRE)	0.9×

P/S Ratio for VICI Properties (VICI) 2016-2026

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

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

About P/S Ratio at VICI Properties (VICI)

VICI Properties P/S Ratio by Year

VICI Properties P/S Ratio 2025: 7.4×

VICI Properties P/S Ratio 2024: 8.0×

VICI Properties P/S Ratio 2023: 9.2×

VICI Properties P/S Ratio 2022: 12.0×

VICI Properties P/S Ratio 2021: 12.5×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

VICI Properties (VICI) Key Financials