VICI EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
VICI's ev/ebitda is lower than 95% of the last 10 years.
EV/EBITDA History
VICI EV/EBITDA by year
Yearly range of VICI’s ev/ebitda from 2017 to 2026. Over the full period it ranged from 11.1 to 2,363.2, averaging 70.5.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 11.3 | 12.5 | 13.5 | 12.2 |
| 2025 | 12.7 | 14.0 | 14.9 | 12.8 |
| 2024 | 12.7 | 14.0 | 15.1 | 13.5 |
| 2023 | 13.9 | 20.4 | 28.4 | 15.4 |
| 2022 | 15.0 | 27.9 | 42.6 | 36.2 |
| 2021 | 13.7 | 15.7 | 18.7 | 16.5 |
| 2020 | 11.1 | 20.6 | 26.1 | 17.0 |
| 2019 | 14.2 | 16.1 | 19.5 | 19.5 |
| 2018 | 14.4 | 49.4 | 117.4 | 14.4 |
| 2017 | 1,612.0 | 2,129.0 | 2,363.2 | 2,306.9 |
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An acquisition-style valuation multiple: Enterprise Value (market cap + net debt) divided by operating earnings before accounting adjustments. Compares companies fairly regardless of their capital structure.
(Market Cap + Net Debt) / EBITDAUnlike P/E, this metric accounts for debt — two companies with identical operations but different leverage will show similar EV/EBITDA. Low vs history suggests the total business is modestly priced.
- EBITDA ignores capital expenditure. For asset-heavy businesses (airlines, mining, utilities), this understates the real cost — use EV/EBIT or EV/FCF instead.
- Large acquisitions temporarily spike net debt and can distort the ratio for 1–2 years during integration.
Is VICI EV/EBITDA High or Low Right Now?
VICI Properties Inc.'s EV/EBITDA is currently 12.2, which is near historic low relative to its 10-year historical range. The 10-year median EV/EBITDA for VICI is approximately 16.0. See all VICI valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.