Equity Lifestyle Properties (FRA:MHV) Cyclically Adjusted Revenue per Share: €6.26 (As of Mar. 2026)

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FRA:MHV Equity Lifestyle Properties Inc FRA:MHV
87 GF Score
Price €57.00
GF Value €59.22
Valuation Fairly Valued
! 3 Warning Signs
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What is Equity Lifestyle Properties Cyclically Adjusted Revenue per Share?

Equity Lifestyle Properties FRA:MHV -0.87% 87 Cyclically Adjusted Revenue per Share is €6.26 as of Mar. 2026. GuruFocus rates FRA:MHV with a GF Score™ of 87/100 and a GF Value™ of €59.22 (Fairly Valued). The stock has 3 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 Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Equity Lifestyle Properties's adjusted revenue per share for the three months ended in Mar. 2026 was €1.640. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €6.26 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Equity Lifestyle Properties's average Cyclically Adjusted Revenue Growth Rate was 5.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 5.80% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 7.90% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 6.00% 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 Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Equity Lifestyle Properties was 14.40% per year. The lowest was 1.60% per year. And the median was 5.80% per year.

As of today (2026-07-18), Equity Lifestyle Properties's current stock price is €57.00. Equity Lifestyle Properties's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €6.26. Equity Lifestyle Properties's Cyclically Adjusted PS Ratio of today is 9.11.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Equity Lifestyle Properties was 16.98. The lowest was 7.78. And the median was 10.62.


Equity Lifestyle Properties  (FRA:MHV) Cyclically Adjusted Revenue per Share Explanation

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

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS 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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=57.00/6.26
=9.11

* 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 PS Ratio of Equity Lifestyle Properties was 16.98. The lowest was 7.78. And the median was 10.62.


Be Aware

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


Equity Lifestyle Properties Cyclically Adjusted Revenue per Share Related Terms


Equity Lifestyle Properties Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Equity Lifestyle Properties's Cyclically Adjusted Revenue 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 Revenue per Share Chart

Equity Lifestyle Properties Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.75 5.64 5.84 6.45 6.00

Equity Lifestyle Properties Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue 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 6.40 5.94 6.04 6.00 6.26

FRA:MHV vs AMH, UDR, CPT: Cyclically Adjusted Revenue per Share Comparison

For the REIT - Residential subindustry, Equity Lifestyle Properties's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 PS Ratio vs REITs Industry

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

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


FRA:MHV
87GF Score
Equity Lifestyle Properties Inc FRA:MHV
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Equity Lifestyle Properties Cyclically Adjusted Revenue 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 Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

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

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue 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 Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue 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 Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1.64/330.2130*330.2130
=1.640

Current CPI (Mar. 2026) = 330.2130.

Equity Lifestyle Properties Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.994 241.018 1.362
201609 1.064 241.428 1.455
201612 1.077 241.432 1.473
201703 1.155 243.801 1.564
201706 1.044 244.955 1.407
201709 1.068 246.819 1.429
201712 1.013 246.524 1.357
201803 1.042 249.554 1.379
201806 1.064 251.989 1.394
201809 1.122 252.439 1.468
201812 1.104 251.233 1.451
201903 1.186 254.202 1.541
201906 1.133 256.143 1.461
201909 1.238 256.759 1.592
201912 1.198 256.974 1.539
202003 1.307 258.115 1.672
202006 1.159 257.797 1.485
202009 1.242 260.280 1.576
202012 1.266 260.474 1.605
202103 1.312 264.877 1.636
202106 1.409 271.696 1.712
202109 1.518 274.310 1.827
202112 1.291 278.802 1.529
202203 1.658 287.504 1.904
202206 1.749 296.311 1.949
202209 1.948 296.808 2.167
202212 1.357 296.797 1.510
202303 1.664 301.836 1.820
202306 1.725 305.109 1.867
202309 1.767 307.789 1.896
202312 1.596 306.746 1.718
202403 1.726 312.332 1.825
202406 1.782 314.175 1.873
202409 1.688 315.301 1.768
202412 1.631 315.605 1.706
202503 1.699 319.799 1.754
202506 1.614 322.561 1.652
202509 1.589 324.800 1.615
202512 1.507 324.054 1.536
202603 1.640 330.213 1.640

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of €6.26 mean?
Equity Lifestyle Properties (FRA:MHV) has a Cyclically Adjusted Revenue per Share of €6.26 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Equity Lifestyle Properties and its competitors.
Is Equity Lifestyle Properties' Cyclically Adjusted Revenue per Share too high?
Equity Lifestyle Properties' current Cyclically Adjusted Revenue per Share is €6.26. Overall, Equity Lifestyle Properties has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Equity Lifestyle Properties' Cyclically Adjusted Revenue per Share compare to AMH and UDR?
Equity Lifestyle Properties' Cyclically Adjusted Revenue per Share of €6.26 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 Revenue per Share for a REITs company?
A good Cyclically Adjusted Revenue per Share depends on the REITs industry context. However, Cyclically Adjusted Revenue 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 Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Equity Lifestyle Properties and its competitors. Equity Lifestyle Properties's current Cyclically Adjusted Revenue per Share is €6.26. 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?
Based on GuruFocus' analysis, Equity Lifestyle Properties (FRA:MHV) is currently considered Fairly Valued. The stock's GF Value™ is €59.22, compared to a current price of €57.00 — trading 3.7% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is €6.26. Equity Lifestyle Properties' overall GF Score™ is 87/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Equity Lifestyle Properties (FRA:MHV), the current Cyclically Adjusted Revenue per Share is €6.26 as of Mar. 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 (FRA:MHV) Overvalued in 2026?

Based on GuruFocus' analysis, Equity Lifestyle Properties stock appears to be undervalued. The current stock price of €57.00 is trading 3.7% below its estimated GF Value™ of €59.22. GuruFocus considers Equity Lifestyle Properties to be Fairly Valued.

Key valuation signals for FRA:MHV:

  • Cyclically Adjusted Revenue per Share: €6.26
  • GF Value™: €59.22 vs. price of €57.00 (3.7% below fair value)
  • GF Score™: 87/100 with 3 warning signs

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


Equity Lifestyle Properties Business Description

Industry Real EstateREITs
Other Exchanges ELS:USAE2LS34:Brazil
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.
87GF Score

Get the complete analysis for FRA:MHV

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

€57.00
Price
€59.22
GF Value