VICI Properties Inc.
—- Market cap
- $27.41B
- 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.
FY 2025 ·
Decision snapshot: VICI stock price vs WPC: 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 WPC's multiple
Needs WPC P/E.
Implied fair value · at VICI's multiple
Needs Annual EPS.
Snapshot Sep 11, 2026, 12:30 PM ET
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
17 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.
Capital structure 91% equity / 9% debt · EV / Revenue 10.05x
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.
W. P. Carey 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
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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.
This explanation uses an earlier data snapshot or evidence version. Review its generation date and the current figures, or refresh after signing in.
If you believe VICI can sustain its current earnings power while keeping leverage from rising further, then a selective long position may make sense because the stock trades at a much lower P/E than WPC and sits near the bottom of its historical and DCF ranges.
On a P/E basis, VICI at 10.2x screens far below WPC at 28.8x, which suggests a large relative valuation gap. However, on sales and cash-generation proxies the picture is less supportive, with VICI trading at 7.3x P/S versus WPC at 9.5x and 11.4x EV/Revenue versus WPC at 10.4x.
Supporting Metrics