Equity Lifestyle Properties (MEX:ELS) Cyclically Adjusted Book per Share: MXN175.37 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:ELS Equity Lifestyle Properties Inc MEX:ELS
86 GF Score
Price MXN1,332.85
GF Value MXN1,366.93
! 2 Warning Signs
View Full Analysis

What is Equity Lifestyle Properties Cyclically Adjusted Book per Share?

Equity Lifestyle Properties MEX:ELS 86 Cyclically Adjusted Book per Share is MXN175.37 as of Jun. 2026. GuruFocus rates MEX:ELS with a GF Score™ of 86/100 and a GF Value™ of MXN1,366.93. The stock has 2 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Equity Lifestyle Properties's adjusted book value per share for the three months ended in Jun. 2026 was MXN158.186. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is MXN175.37 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Equity Lifestyle Properties's average Cyclically Adjusted Book Growth Rate was -100.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.90% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 11.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Equity Lifestyle Properties was 19.90% per year. The lowest was -12.20% per year. And the median was 9.70% per year.

As of today (2026-07-30), Equity Lifestyle Properties's current stock price is MXN1332.85. Equity Lifestyle Properties's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN175.37. Equity Lifestyle Properties's Cyclically Adjusted PB Ratio of today is 7.60.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Equity Lifestyle Properties was 15.59. The lowest was 7.34. And the median was 11.36.


Equity Lifestyle Properties  (MEX:ELS) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Equity Lifestyle Properties's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1332.85/175.37
=7.60

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Equity Lifestyle Properties was 15.59. The lowest was 7.34. And the median was 11.36.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Equity Lifestyle Properties Cyclically Adjusted Book per Share Related Terms


Equity Lifestyle Properties Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Equity Lifestyle Properties's Cyclically Adjusted Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Equity Lifestyle Properties Cyclically Adjusted Book per Share Chart

Equity Lifestyle Properties Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 115.47 131.52 178.56

Equity Lifestyle Properties Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 171.82 177.20 178.56 177.87 175.37

MEX:ELS vs UDR, AMH, CPT: Cyclically Adjusted Book per Share Comparison

For the REIT - Residential subindustry, Equity Lifestyle Properties's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Equity Lifestyle Properties Cyclically Adjusted PB Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Equity Lifestyle Properties's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Equity Lifestyle Properties's Cyclically Adjusted PB Ratio falls into.


MEX:ELS
86GF Score
Equity Lifestyle Properties Inc MEX:ELS
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Equity Lifestyle Properties Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Equity Lifestyle Properties's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=158.186/333.9520*333.9520
=158.186

Current CPI (Jun. 2026) = 333.9520.

Equity Lifestyle Properties Quarterly Data

Book Value per Share CPI Adj_Book
201609 98.061 241.428 135.642
201612 105.146 241.432 145.439
201703 97.760 243.801 133.909
201706 93.758 244.955 127.822
201709 98.701 246.819 133.545
201712 114.393 246.524 154.962
201803 105.761 249.554 141.529
201806 114.403 251.989 151.614
201809 116.586 252.439 154.232
201812 122.450 251.233 162.767
201903 127.367 254.202 167.325
201906 130.413 256.143 170.029
201909 135.288 256.759 175.961
201912 129.449 256.974 168.226
202003 160.775 258.115 208.012
202006 156.688 257.797 202.975
202009 148.910 260.280 191.059
202012 134.667 260.474 172.656
202103 138.291 264.877 174.355
202106 134.381 271.696 165.173
202109 139.577 274.310 169.925
202112 156.376 278.802 187.309
202203 156.004 287.504 181.207
202206 156.684 296.311 176.588
202209 156.413 296.808 175.987
202212 151.406 296.797 170.360
202303 139.561 301.836 154.411
202306 131.791 305.109 144.250
202309 133.354 307.789 144.689
202312 130.086 306.746 141.624
202403 128.938 312.332 137.863
202406 141.429 314.175 150.332
202409 150.524 315.301 159.428
202412 190.016 315.605 201.062
202503 187.282 319.799 195.570
202506 170.439 322.561 176.458
202509 165.934 324.800 170.610
202512 163.143 324.054 168.126
202603 163.803 330.213 165.658
202606 158.186 333.952 158.186

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of MXN175.37 mean?
Equity Lifestyle Properties (MEX:ELS) has a Cyclically Adjusted Book per Share of MXN175.37 as of Jun. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Equity Lifestyle Properties and its competitors.
Is Equity Lifestyle Properties' Cyclically Adjusted Book per Share too high?
Equity Lifestyle Properties' current Cyclically Adjusted Book per Share is MXN175.37. Overall, Equity Lifestyle Properties has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does Equity Lifestyle Properties' Cyclically Adjusted Book per Share compare to UDR and AMH?
Equity Lifestyle Properties' Cyclically Adjusted Book per Share of MXN175.37 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a REITs company?
A good Cyclically Adjusted Book per Share depends on the REITs industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Equity Lifestyle Properties and its competitors. Equity Lifestyle Properties's current Cyclically Adjusted Book per Share is MXN175.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Equity Lifestyle Properties stock overvalued right now?
Equity Lifestyle Properties (MEX:ELS) has a current Cyclically Adjusted Book per Share of MXN175.37. The stock's GF Value™ is MXN1,366.93, compared to a current price of MXN1,332.85 — trading 2.5% below its estimated fair value. The current Cyclically Adjusted Book per Share is MXN175.37. Equity Lifestyle Properties' overall GF Score™ is 86/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Equity Lifestyle Properties (MEX:ELS), the current Cyclically Adjusted Book per Share is MXN175.37 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Equity Lifestyle Properties (MEX:ELS) Overvalued in 2026?

Based on GuruFocus' analysis, Equity Lifestyle Properties stock appears to be undervalued. The current stock price of MXN1,332.85 is trading 2.5% below its estimated GF Value™ of MXN1,366.93.

Key valuation signals for MEX:ELS:

  • Cyclically Adjusted Book per Share: MXN175.37
  • GF Value™: MXN1,366.93 vs. price of MXN1,332.85 (2.5% below fair value)
  • GF Score™: 86/100 with 2 warning signs

No single metric tells the full story. See the MEX:ELS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Equity Lifestyle Properties Business Description

Industry Real EstateREITs
Address Two North Riverside Plaza, Suite 800, Chicago, IL, USA, 60606
Equity Lifestyle Properties is a residential REIT that focuses on owning manufactured housing, residential vehicle communities, and marinas. The company currently has a portfolio of 455 properties across the US with a higher concentration in the Sunbelt; 38% of the company's properties are in Florida, 12% in Arizona, and 8% in California. Equity Lifestyle targets owning properties in attractive retirement destinations. More than 70% of the company's properties are either age-restricted or have an average resident age over 55.
86GF Score

Get the complete analysis for MEX:ELS

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN1,332.85
Price
MXN1,366.93
GF Value