VICI Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	25.19B EUR	29.23B EUR	29.2B EUR	30.05B EUR
Enterprise Value	43.07B EUR	46.79B EUR	46.43B EUR	47.18B EUR
Valuation Multiples
Trailing P/E	8.9x	10.57x	9.41x	13.47x
Forward P/E	7.65x	--	--	--
Price to Sales	6.15x	7.13x	7.23x	9.95x
Price to Book	0.86x	1x	1.04x	1.08x
EV/Revenue	10.51x	11.42x	11.49x	15.61x
EV/EBITDA	11.83x	12.79x	11.56x	16.18x
Price to FCF (P/FCF)	94.34x	11.09x	11.46x	15.68x
EV/FCF	161.29x	17.74x	18.22x	24.61x
FCF Yield	1.06%	9.02%	8.73%	6.38%