Using the PEG framework with analyst consensus forward EPS growth of 10.9% plus 6.4% dividend yield, VICI Properties Inc. has a fair value of $31.01 based on NTM EPS (FY2026) of $2.85. The current PEG ratio is 0.87.
PEG < 1 = bargain, 1–1.5 = fair, > 2 = expensive.
PEG tends to undervalue slow growers — consider dividend yield and asset value instead.
| EPS Growth RateForward | 4.5% |
| Dividend Yield | +6.4% |
| Adjusted Growth (clamped 8–25%) | 10.9% |
| Fair P/E | 10.9x |
| NTM EPS (FY2026) | $2.85 |
| Fair Value | $31.01 |
| Period | EPS Est. | Growth | Analysts |
|---|---|---|---|
| FY2025 (actual) | $2.61 | — | — |
| FY2026E | $2.85 | +9.1% | 7 |
| FY2027E | $2.91 | +2.1% | 7 |
| FY2028E | $2.98 | +2.5% | 3 |
3Y Forward EPS CAGR: 4.5%
| Year | Net Income | EPS | YoY |
|---|---|---|---|
| FY2021 | $1.0B | $1.76 | — |
| FY2022 | $1.1B | $1.27 | -27.8% |
| FY2023 | $2.5B | $2.47 | +94.5% |
| FY2024 | $2.7B | $2.56 | +3.6% |
| FY2025 | $2.8B | $2.61 | +2.0% |
4Y Historical EPS CAGR: 10.4%
The PEG Fair Value uses the Price/Earnings-to-Growth framework. A stock is fairly valued when its P/E ratio equals its earnings growth rate (PEG = 1.0). This model adds dividend yield to the growth rate per the original PEGY formula.
Growth rate priority: analyst consensus forward EPS CAGR (when ≥ 3 analysts cover the stock), falling back to historical EPS CAGR. Using EPS rather than net income avoids distortion from share buybacks. The growth rate is clamped between 8% and 25% — below 8% would undervalue stable earners, while above 25% would overvalue unsustainable spikes.