VICI

NYSE

VICI PROPERTIES INC.

Real Estate, Hotel & Resort REITs

$26.74

close 7 Aug 2026

-18.53%

52-week change

$29.44B

market cap

$25.82

$33.92

52-week range

Expected price

$29.63 – $36.21

Current price

$26.74

Signal

Could be undervalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)10.36x

P/S (TTM)7.19x

P/B1.01x

EV/EBITDA (TTM)12.82x

FCF yield (TTM)8.96%

PEG (TTM, GAAP)0.38

Context

P/E, own 5-year average15.96x

P/E, sector median34.68x*

Price at 5-year median P/E$33.11*

Indicated dividend yield6.73%

Forward — analyst consensus

Forward P/E (FY2026)9.10x*

Forward P/E (FY2027)9.13x

Forward PEG—*

Consensus EPS FY2026 (1 analysts)$2.94

EPS growth (FY2026→FY2027)-0.34%

Revenue growth (FY2026)5.12%

Street view

Price target (mean)$32.79*

Target upside22.63%

Ratings (buy / hold / sell)17 / 8 / 0

FY2026 EPS revisions, 30d (up / down)0 / 0

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 30 Jun 2026, filed 29 Jul 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR +23.28%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$26.74

Cash & equivalents$288.06M

Total debt$17.22B

Shares outstanding1.10B

Result

DCF price per share$205.49

Current price$26.74

Margin of safety+668.49%

PV of years 1–10$58.63B

PV of terminal value$184.57B

Equity value$226.26B

Market-implied growth+1.76%

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$3.25B	$4.01B	$4.94B	$6.09B	$7.51B	$9.26B	$11.41B	$14.07B	$17.34B	$21.38B	$398.47B
PV	$3.01B	$3.44B	$3.92B	$4.48B	$5.11B	$5.83B	$6.66B	$7.60B	$8.68B	$9.90B	$184.57B

period to 30 Jun 2026, filed 29 Jul 2026, close 7 Aug 2026