Is EARN or ELS more undervalued in 2026?

CirclFi compares Ellington Credit Company (EARN) and Equity Lifestyle Properties, In (ELS) using 13 institutional-grade valuation models. EARN has a Quality of Company score of 6.1/10 while ELS scores 8.1/10.

Which is a better buy — EARN or ELS?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do EARN and ELS valuations compare?

EARN at $4.74 and ELS at $61.77 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

EARN vs ELS Valuation Comparison 2026 — Intrinsic Value Analysis

EARN

Real Estate Investment Trusts

Ellington Credit Company

Quality

6.1

out of 10

Value Trap

SAFE

Price

$4.74

Last close

Models

12/13

Active

ELS

Real Estate Investment Trusts

Equity Lifestyle Properties, In

Quality

8.1

out of 10

Value Trap

—

Price

$61.77

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	EARN Fair Value	EARN Upside	ELS Fair Value	ELS Upside
Bayesian DCF	Intrinsic	$4.23	-10.9%	$8.63	-86.0%
Earnings Power Value	Intrinsic	$2.57	-45.8%	$2.85	-95.4%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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EARN vs ELS — Which Stock Is More Undervalued?

ELS scores higher with a 8.1/10 quality rating vs EARN's 6.1/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Ellington Credit Company (EARN) and Equity Lifestyle Properties, In (ELS) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

EARN currently trades at $4.74 with a QOC of 6.1/10, while ELS trades at $61.77 with a QOC of 8.1/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).