Victory Capital Holdings VCTR
United StatesFinancial Services · Asset ManagementUSD
118.67 USD (+6.1%)
6 analysts
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Victory Capital Holdings, Inc. is a diversified asset manager based in the U.S. offering a wide range of investment strategies (equities, fixed income, alternatives) through multiple investment franchises, generating revenue from management and advisory fees.
Key points
from its scores- ✓Good share-price trend9.6
- ✓High-quality business9.3
- ✓Strong growth9.3
- ✕Demanding valuation4.0
- !Risks to watch5.1
AI analysis
bottom line, main risk, context and newsQuality and growth justify a premium, but strong momentum suggests waiting for a better entry point.
Victory Capital shows very solid fundamentals: high returns (ROE 19.05%, ROA 10.68%), exceptional operating and net margins (48.99% and 29.57%), and 148% earnings growth reflecting outstanding execution. Valuation, with a P/E of 20.45 and a forward of 13.05, is not demanding for the quality of the business, although momentum (71.41%) already discounts part of the good news.
The main risk is dependence on asset under management (AUM) inflows/outflows and market performance, which can affect management fees and, consequently, future revenues and earnings.
Context and risks
Victory Capital operates in the U.S. asset management sector, subject to moderate regulatory scrutiny (SEC fiduciary and disclosure rules). The country's governance risk is moderate, justifying a slight adjustment, with no known specific litigation or investigations against the company.
Is Victory Capital Holdings stock cheap or expensive?
at the analysis dateOn P/E and Price / book, it trades 53% above the Financial Services median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 20.4 | 13.7 | +49% |
| EV / EBITDA | 9.7 | 10.1 | −3% |
| Price / book | 2.9 | 1.9 | +57% |
| Price / sales | 4.4 | 3.5 | +28% |
Sector: median of the 351 Financial Services companies analysed. In bold, the multiples used for the comparison.
Valuation score: 4.0 out of 10 (median for Financial Services: 5.2).
Average analyst target: 118.67 USD, +6.1% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 9.3 (sector 8.8), Growth 9.3 (sector 6.9).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Financial Services medianValuation
- P/E
- 20.4
- Forward P/E
- 13.0
- EV / EBITDA
- 9.7
- Price / book
- 2.9
- Price / sales
- 4.4
- PEG
- 0.37
- Market cap
- 6.9B USD
- Enterprise value
- 7.8B USD
Profitability
- ROE
- 19.0%
- ROA
- 10.7%
- ROIC (approx.)
- 22.6%
- Gross margin
- 57.3%
- Operating margin
- 49.0%
- Net margin
- 29.6%
- Free cash flow
- 520.3M USD
- FCF yield
- 7.6%
- Cash conversion
- 65%
Solvency
- Total debt
- 1.0B USD
- Net debt
- 942.0M USD
- Cash
- 70.1M USD
- EBITDA
- 804.5M USD
- Net debt / EBITDA
- 1.17
- Debt / equity
- 42.62
- Current ratio
- 2.07
- Quick ratio
- 1.93
Growth
- Revenue growth
- +24.0%
- Earnings growth
- +148.0%
- EPS (TTM)
- 5.47 USD
- EPS (forward)
- 8.57 USD
Dividend
- Dividend yield
- 1.8%
- Payout
- 36.0%
Risk and market
- Beta
- 1.13
- Analyst consensus
- Hold (6)
- Target price
- 118.67 USD
- 52-week range
- 57.03 – 123.55
Recent news
All VCTR news →Compare it with its sector
All 351 in Financial Services →Frequently asked questions about Victory Capital Holdings
Is Victory Capital Holdings stock cheap or expensive?
On P/E and Price / book, it trades 53% above the Financial Services median on average. Valuation score: 4.0 out of 10 (median for Financial Services: 5.2). Average analyst target: 118.67 USD, +6.1% versus the price. This is not investment advice.
What score does Victory Capital Holdings get on MeridIAn Screener?
It scores 7.1 out of 10, rank 188 of 2,130 (better than 91% of the companies analysed). Its strongest category is Momentum (9.6) and its weakest, Valuation (4.0). Analysis of 08/10/2026.
What is Victory Capital Holdings's P/E ratio?
Its P/E is 20.4: the share price equals 20.4 times earnings per share over the last 12 months. The Financial Services median is 13.7. Based on the earnings analysts expect, the forward P/E is 13.0.
How much is Victory Capital Holdings worth on the stock market?
Its market capitalisation is 6.9B USD.
Does Victory Capital Holdings pay a dividend?
Yes: its dividend yield is 1.79% and it pays out 36% of its earnings.
How has Victory Capital Holdings stock performed over the last year?
It has risen 73.8% over the last year, excluding dividends. Over the last 52 weeks it has traded between 57.03 and 123.55 USD. Past performance does not guarantee future results.
What do analysts think of Victory Capital Holdings?
6 analysts cover it; their average recommendation is “Hold” and their average target is 118.67 USD (+6.1% versus the price). It is an estimate, not market data.