VICI Properties Inc.
—- Market cap
- $27.34B
- Debt
- —
- Cash
- −$563.48M
Complete market value, debt and cash evidence is required for enterprise value.
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: VICI stock price vs EPRT: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at EPRT's multiple
Needs EPRT P/E.
Implied fair value · at VICI's multiple
Price unavailable
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Reported gross margin
Operating income + D&A
Lower is better
Not comparable
Lower leverage
Statements
Annual statements in reported currencies, with calculations and source evidence.
Values retain reported currencies and share bases. Select a figure to inspect its period, calculation and filing inputs. Differences require compatible units and periods.
Explore enterprise value and market valuation multiples in the valuation sections.
Trendline
Nine period-end years of reported revenue, earnings, and margins. Periods and currencies are shown with the data.
Price framework
USD market cap plus reported borrowing debt, less cash and equivalents. This EV proxy excludes investments, preferred stock and noncontrolling-interest adjustments.
Complete market value, debt and cash evidence is required for enterprise value.
Complete market value, debt and cash evidence is required for enterprise value.
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
VICI Properties Inc. · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
ESSENTIAL PROPERTIES REALTY TRUST, INC. · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
Balance sheet health
Inspect reported liquidity and leverage alongside historical financial-health checks.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
Cash excludes investments. EBITDA is an operating-income-plus-D&A proxy. Missing borrowing categories remain unavailable; select a value to inspect its inputs.
LLM-powered synthesis
An explanation of the financial evidence. Check its snapshot date against the figures above.
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If you believe VICI’s slower growth and weaker operating margin profile versus EPRT should not deserve such a large valuation discount, then VICI looks attractive on relative value because it trades at 10.1x P/E and 7.2x P/S versus EPRT’s 24.4x and 12.1x; if you prioritize growth and operating efficiency, the premium case for EPRT is harder to dismiss.
VICI’s current price of $26.35 sits far below EPRT-implied price of $63.80, implying 142.1% upside on the provided P/E framework. However, VICI is already near the lower end of its own historical band and within the DCF range, which suggests the market may be valuing it more on asset quality and cash flow stability than on EPRT multiple expansion.
Supporting Metrics