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.
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.
Equity Lifestyle PropertiesELS -1.00%86 Shiller PE Ratio is 34.39 as of Sep. 09, 2026, which is 50% below its 10-year median of 69.18. GuruFocus rates ELS with a GF Score™ of 86/100 and a GF Value™ of $68.52 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 476 REITs companies, Equity Lifestyle Properties ranks worse than 88.87% on this metric.
The historical rank and industry rank for Equity Lifestyle Properties's Shiller PE Ratio or its related term are showing as below:
ELS'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 34.18 Med: 69.18 Max: 93.93
Current: 34.39
During the past years, Equity Lifestyle Properties's highest Shiller PE Ratio was 93.93. The lowest was 34.18. And the median was 69.18.
ELS's Shiller PE Ratio is ranked worse than 88.87% of 476
companies
in the REITs industry
Industry Median: 13.11
vs ELS: 34.39
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.
Equity Lifestyle Properties's adjusted earnings per share data for the three months ended in Jun. 2026 was $0.500. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.78 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Equity Lifestyle Properties (NYSE:ELS) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
Equity Lifestyle Properties Shiller PE Ratio Related Terms
Equity Lifestyle Properties Shiller PE Ratio 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.
Equity Lifestyle Properties Shiller PE Ratio Chart
For the REIT - Residential subindustry, Equity Lifestyle Properties's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Equity Lifestyle Properties's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Equity Lifestyle Properties's Shiller PE Ratio falls into.
Equity Lifestyle Properties Shiller PE Ratio Calculation
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
* 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.
Add all the adjusted EPS together and divide 10 will get our E10.
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.
Equity Lifestyle Properties (ELS) has a Shiller PE Ratio of 34.39 as of Sep. 09, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Equity Lifestyle Properties and its competitors. This is 50% below median its historical median of 69.18. Over the past decade, Equity Lifestyle Properties' Shiller PE Ratio has ranged from 34.18 to 93.93. According to the industry distribution chart, Equity Lifestyle Properties ranks #423 out of 476 companies in the REITs industry, placing it in the top 88.9%.
Is Equity Lifestyle Properties' Shiller PE Ratio too high?
Equity Lifestyle Properties' current Shiller PE Ratio of 34.39 is 50% below median its 10-year median of 69.18. Over the past 10 years, this metric has ranged from a low of 34.18 to a high of 93.93. The REITs industry median Shiller PE Ratio is 13.11. Equity Lifestyle Properties' value of 34.39 is 162.3% above this industry median. Based on the distribution chart, Equity Lifestyle Properties ranks #423 out of 476 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Equity Lifestyle Properties has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Equity Lifestyle Properties' Shiller PE Ratio compare to CPT and AMH?
According to the REITs industry distribution chart, Equity Lifestyle Properties ranks #423 out of 476 companies for Shiller PE Ratio. This places Equity Lifestyle Properties in the lower half of its industry. The industry median Shiller PE Ratio is 13.11. Equity Lifestyle Properties' value of 34.39 is 162.3% above this benchmark. Historically, Equity Lifestyle Properties' own Shiller PE Ratio has ranged from 34.18 to 93.93 over the past decade. While the company's 10-year median is 69.18 vs. the industry median of 13.11, 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 Shiller PE Ratio for a REITs company?
The median Shiller PE Ratio among REITs companies is 13.11, based on 476 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Equity Lifestyle Properties's current Shiller PE Ratio of 34.39 is 162.3% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Equity Lifestyle Properties and its competitors. For the REITs industry, the median Shiller PE Ratio is 13.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Equity Lifestyle Properties's current Shiller PE Ratio is 34.39, which is 50% below median its own 10-year median of 69.18. 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 (ELS) is currently considered Modestly Undervalued. The stock's GF Value™ is $68.52, compared to a current price of $61.21 — trading 10.7% below its estimated fair value. The current Shiller PE Ratio is 34.39, which is 50% below median its 10-year median of 69.18 and 162.3% above the REITs industry median of 13.11. 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 Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Equity Lifestyle Properties (ELS), the current Shiller PE Ratio is 34.39 as of Sep. 09, 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 (ELS) Overvalued in 2026?
Based on GuruFocus' analysis, Equity Lifestyle Properties stock appears to be undervalued.
The current stock price of $61.21 is trading 10.7% below its estimated GF Value™ of $68.52.
GuruFocus considers Equity Lifestyle Properties to be Modestly Undervalued.
Key valuation signals for ELS:
Shiller PE Ratio: 34.39 (50% below median its 10-year median of 69.18)
GF Value™: $68.52 vs. price of $61.21 (10.7% below fair value)
Industry Position: 162.3% above the REITs median (#423 of 476)
No single metric tells the full story. See the ELS 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.
86GF Score
Get the complete analysis for ELS
Shiller PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ELS has been successfully added to your 
