Equity Lifestyle PropertiesBSP:E2LS34 17 Piotroski F-Score is 7 as of Jun. 25, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates BSP:E2LS34 with a GF Score™ of 17/100 and a GF Value™ of R$34.36 (Fairly Valued). The stock has 3 warning signs investors should review. Among 888 REITs companies, Equity Lifestyle Properties ranks better than 92.12% on this metric.
Good Sign:
Piotroski F-Score is 7, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Equity Lifestyle Properties has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Equity Lifestyle Properties's Piotroski F-Score or its related term are showing as below:
BSP:E2LS34'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 8
Current: 7
During the past 13 years, the highest Piotroski F-Score of Equity Lifestyle Properties was 8. The lowest was 3. And the median was 6.
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
Equity Lifestyle Properties Piotroski F-Score Related Terms
Equity Lifestyle Properties Piotroski F-Score Historical Data
* 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.
BSP:E2LS34 vs UDR, AMH, CPT: Piotroski F-Score Comparison
For the REIT - Residential subindustry, Equity Lifestyle Properties's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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 Piotroski F-Score vs REITs Industry
For the REITs industry and Real Estate sector, Equity Lifestyle Properties's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Equity Lifestyle Properties's Piotroski F-Score falls into.
* 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.
This Year (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was 442.089 + 520.908 + 548.134 + 564.295 = R$2,075 Mil. Cash Flow from Operations was 728.091 + 788.415 + 542.629 + 1015.756 = R$3,075 Mil. Revenue was 2066.254 + 2002.287 + 1927.291 + 1984.952 = R$7,981 Mil. Gross Profit was 1029.805 + 974.849 + 1016.844 + 1067.623 = R$4,089 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(32489.296 + 31726.873 + 30822.132 + 31345.141 + 30063.234) / 5 = R$31289.3352 Mil. Total Assets at the begining of this year (Mar25) was R$32,489 Mil. Long-Term Debt & Capital Lease Obligation was R$16,740 Mil. Total Current Assets was R$677 Mil. Total Current Liabilities was R$3,804 Mil.
Net Income was 421.759 + 458.646 + 585.592 + 628.738 = R$2,095 Mil.
Revenue was 2019.621 + 2027.909 + 2083.62 + 2116.234 = R$8,247 Mil. Gross Profit was 978.541 + 964.89 + 1090.407 + 1112.419 = R$4,146 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(28037.439 + 30407.093 + 31256.002 + 34444.123 + 32489.296) / 5 = R$31326.7906 Mil. Total Assets at the begining of last year (Mar24) was R$28,037 Mil. Long-Term Debt & Capital Lease Obligation was R$17,918 Mil. Total Current Assets was R$548 Mil. Total Current Liabilities was R$4,015 Mil.
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Equity Lifestyle Properties's current Net Income (TTM) was 2,075.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Equity Lifestyle Properties's current Cash Flow from Operations (TTM) was 3,075.
==> Positive ==> Score 1.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
Equity Lifestyle Properties's return on assets of this year was 0.0638803. Equity Lifestyle Properties's return on assets of last year was 0.07471207.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Equity Lifestyle Properties's gearing of this year was 0.53499142. Equity Lifestyle Properties's gearing of last year was 0.57196271.
==> This year is lower or equal to last year. ==> Score 1.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
Equity Lifestyle Properties's current ratio of this year was 0.17800004. Equity Lifestyle Properties's current ratio of last year was 0.1365253.
==> This year's current ratio is higher. ==> Score 1.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
Equity Lifestyle Properties's number of shares in issue this year was 200.176. Equity Lifestyle Properties's number of shares in issue last year was 200.074.
==> There is larger number of shares in issue this year. ==> Score 0.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
Equity Lifestyle Properties's gross margin of this year was 0.51237084. Equity Lifestyle Properties's gross margin of last year was 0.50273602.
==> This year's gross margin is higher. ==> Score 1.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
Equity Lifestyle Properties's asset turnover of this year was 0.24564349. Equity Lifestyle Properties's asset turnover of last year was 0.29415611.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Equity Lifestyle Properties has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Equity Lifestyle Properties (BSP:E2LS34) has a Piotroski F-Score of 7 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Equity Lifestyle Properties and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Equity Lifestyle Properties' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Equity Lifestyle Properties ranks #70 out of 888 companies in the REITs industry, placing it in the top 7.9%.
Is Equity Lifestyle Properties' Piotroski F-Score too high?
Equity Lifestyle Properties' current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The REITs industry median Piotroski F-Score is 6.00. Equity Lifestyle Properties' value of 7 is 16.7% above this industry median. Based on the distribution chart, Equity Lifestyle Properties ranks #70 out of 888 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Equity Lifestyle Properties has a GF Score™ of 17/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Equity Lifestyle Properties' Piotroski F-Score compare to UDR and AMH?
According to the REITs industry distribution chart, Equity Lifestyle Properties ranks #70 out of 888 companies for Piotroski F-Score. This places Equity Lifestyle Properties in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Equity Lifestyle Properties' value of 7 is 16.7% above this benchmark. Historically, Equity Lifestyle Properties' own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Equity Lifestyle Properties has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a REITs company?
The median Piotroski F-Score among REITs companies is 6.00, based on 888 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Equity Lifestyle Properties's current Piotroski F-Score of 7 is 16.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Equity Lifestyle Properties and its competitors. For the REITs industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Equity Lifestyle Properties's current Piotroski F-Score is 7, which is 17% above median its own 10-year median of 6.00. 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 (BSP:E2LS34) is currently considered Fairly Valued. The stock's GF Value™ is R$34.36, compared to a current price of R$32.24 — trading 6.2% below its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 16.7% above the REITs industry median of 6.00. Equity Lifestyle Properties' overall GF Score™ is 17/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Equity Lifestyle Properties (BSP:E2LS34), the current Piotroski F-Score is 7 as of Jun. 25, 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 (BSP:E2LS34) Overvalued in 2026?
Based on GuruFocus' analysis, Equity Lifestyle Properties stock appears to be undervalued.
The current stock price of R$32.24 is trading 6.2% below its estimated GF Value™ of R$34.36.
GuruFocus considers Equity Lifestyle Properties to be Fairly Valued.
Key valuation signals for BSP:E2LS34:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: R$34.36 vs. price of R$32.24 (6.2% below fair value)
Industry Position: 16.7% above the REITs median (#70 of 888)
No single metric tells the full story. See the BSP:E2LS34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
17GF Score
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