EN DE
STOCK COMPARISON

Equity Lifestyle Properties vs AvalonBay Communities: Fair Value & Quality

Both stocks run through our valuation models. Here is how Equity Lifestyle Properties (ELS) and AvalonBay Communities (AVB) compare, as of Aug 10, 2026.

As of Aug 10, 2026, Fair Value Calculator sees AvalonBay Communities as the less overvalued of the two: Equity Lifestyle Properties trades at $65.17 versus a fair value of $21.27 (-67%), while AvalonBay Communities trades at $188 versus $126 (-33%).
Equity Lifestyle Properties
ELS · USD · Real Estate
-67%
upside to fair value
overvalued
Price$65.17
Fair Value$21.27
Quality53/100
AvalonBay Communities
AVB · USD · Real Estate
-33%
upside to fair value
overvalued
Price$188
Fair Value$126
Quality66/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Equity Lifestyle PropertiesAvalonBay Communities
Valuation
31.1×P/E (TTM)22.3×
8.08×P/S (TTM)8.33×
7.10×P/B2.19×
21.2×EV/EBITDA18.4×
0.90×PEG6.49×
3.3%Dividend yield3.8%
$2.09Dividend per share$7.03
Profitability
25%Net margin37%
37%Operating margin29%
22%Return on equity10%
6%Return on assets3%
Growth
1%Revenue growth (YoY)3%
3.7%Avg. growth/yr (3Y)5.4%
7.2%Avg. growth/yr (5Y)5.7%
Balance & size
1.89×Debt / equity0.74×
$12BMarket cap$25B
healthyGrowth qualityhealthy

AvalonBay Communities leads: 6 to 8 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Equity Lifestyle Propertiesof which business quality 50 · market factors 63 AvalonBay Communitiesof which business quality 62 · market factors 59
ProfitabilityMargins and returns on capital today
51
40
Quality GrowthAre margins and returns improving?
30
52
CashflowEarnings quality: real cash, not paper profit
73
89
Fin. StrengthBalance sheet, leverage, solvency risk
17
42
InvestmentDisciplined investing over empire-building
64
81
Low VolatilityCalm price path (market factor)
90
83
MomentumPrice trend over the last 3–12 months (market factor)
48
47
52W MomentumDistance to the 52-week high (market factor)
59
52
Net IssuanceBuybacks instead of dilution
69
81

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Equity Lifestyle Properties

DCF Models$20.15
Dividend Discount$36.55
Multiples$33.88
Asset-Based$6.07
Growth DCF$16.97
Economic Profit$14.56

16 of 16 models see the stock below the current price.

AvalonBay Communities

DCF Models$133
Dividend Discount$123
Multiples$126
Asset-Based$54.84
Growth DCF$95.72
Economic Profit$77.36

16 of 16 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Equity Lifestyle Properties
Bear $12.73Fair Value $21.27Bull $42.35
$65.17 = current price (white tick)
AvalonBay Communities
Bear $71.82Fair Value $126Bull $158
$188 = current price (white tick)

Compare two other stocks

Tap a field and type again, ticker or company name.

Free, no sign-up

Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Equity Lifestyle Properties · Real Estate

Quality score53 · above median
Fair value upside-67% · bottom 25%

AvalonBay Communities · Real Estate

Quality score66 · Top 25%
Fair value upside-33% · below median

Bottom line

As of Aug 10, 2026, Fair Value Calculator sees AvalonBay Communities as the less overvalued of the two: Equity Lifestyle Properties trades at $65.17 versus a fair value of $21.27 (-67%), while AvalonBay Communities trades at $188 versus $126 (-33%).

AvalonBay Communities has the higher quality score (66/100).

See the full analysis →

More comparisons

Popular match-ups from the same sectors, all with fair value and quality score.

Free · Top-25 report

See the undervalued quality stocks every month

Just your email for the monthly Top-25 report of the most undervalued quality stocks, with fair value, quality and price target. Plus 14 days of Pro to try, no card.

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click. Not financial advice.

A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.