ELS vs NOBH vs INVH Stock Comparison

Equity Lifestyle Properties, Nobility Homes and Invitation Homes Prices as of Oct 23, 2026 Peers: Industry group
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NOBH Nobility Homes Inc
$27.21 -2.8% 1M -15.0% 1Y
Market cap
$85.81M
P/E
11.2x
Revenue (TTM)
$48.70M
Div. yield
5.51%
Manufactured Housing Consumer Discretionary
4 wins
INVH Invitation Homes Inc.
$27.54 +2.2% 1M -4.7% 1Y
Market cap
$16.29B
P/E
24.7x
Revenue (TTM)
$2.86B
Div. yield
–
Residential REITs Real Estate
3 wins

Head to Head

10 decided of 12

Nobility Homes leads on 4 of the 12 questions below (Nobility Homes 4, Invitation Homes 3, Equity Lifestyle Properties 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionELSNOBHINVHLeader
Larger companyMarket capitalisation $11.82B $85.81M $16.29B INVH
Cheaper on earningsLower P/E, profitable companies only 29.4x 11.2x 24.7x NOBH
Cheaper on forward earningsLower price / next fiscal year consensus EPS 28.7x — 28.7x INVH
Faster revenue growthRevenue growth, trailing twelve months +2.5% -4.2% +6.7% INVH
More profitableNet margin, trailing twelve months 25.7% 15.7% 23.1% ELS
Better return on capitalReturn on invested capital — — — –
Less leveragedLower net debt / EBITDA 5.2x — — –
Higher dividend yieldTrailing dividend yield 0.03% 5.51% 0.00% NOBH
Better 1-year returnPrice return, last 12 months -0.2% -15.0% -4.7% ELS
Better 5-year returnAnnualised price return, 5 years -6.7%/yr -1.4%/yr -7.6%/yr NOBH
Less volatileAnnualised volatility, 1 year 18.5% 41.1% 21.4% ELS
Higher overall scoreMean of the five percentile scores vs peers 50/100 83/100 69/100 NOBH

Percentile Scorecard

ELSNOBHINVH

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisELSNOBHINVH
Valuation 11 #129 of 145 80 #5 of 21 53 #69 of 145
Growth 57 #63 of 144 80 #5 of 21 72 #41 of 144
Profitability 91 #13 of 140 94 #2 of 19 79 #30 of 140
Financial Health 38 #91 of 146 – 55 #67 of 146
Shareholder Returns 54 #61 of 132 77 #5 of 18 85 #21 of 132
Overall 50 83 69
  • ELS ranked among 149 companies in Property REITs
  • NOBH ranked among 24 companies in Homebuilding
  • INVH ranked among 149 companies in Property REITs

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodELSNOBHINVHSPY
1 month +2.0%-2.8%+2.2% -1.0%
3 months -7.9%-9.3%-7.5% +2.9%
6 months -3.9%-4.6%+1.5% +6.4%
Year to date +0.4%+8.0%-0.9% +11.4%
1 year -0.2%-15.0%-4.7% +13.1%
3 years -6.5%-9.5%-11.5% +79.4%
3 years, per year -2.2%-3.3%-4.0% +21.5%
5 years -29.3%-6.8%-32.6% +67.7%
5 years, per year -6.7%-1.4%-7.6% +10.9%
10 years +62.8%+73.3%— +255.2%
10 years, per year +5.0%+5.7%— +13.5%

Risk

MeasureELSNOBHINVHSPY
Volatility, 1Y 18.5%41.1%21.4% 12.7%
Downside volatility, 1Y 17.8%72.2%21.4% 12.7%
Beta vs S&P 500, 1Y -0.200.220.07 1.00
Return / volatility, 1Y -0.01-0.36-0.22 1.03
Max drawdown, 5Y -34.2%-40.0%-46.2% -25.4%
From 52-week high -11.0%-19.9%-10.0% -2.5%
52-week high $68.37$33.96$30.59 $779.14
52-week low $57.64$25.19$24.39 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleELSNOBHINVH
P/E now vs peer median 29.3xmedian 27.0x 11.2xmedian 12.7x 24.8xmedian 27.0x
P/S now vs peer median 7.6xmedian 4.1x 1.8xmedian 0.6x 5.7xmedian 4.1x
EV/EBITDA now vs peer median 23.9xmedian 14.5x 7.9xmedian 9.5x —median 14.5x
P/FCF now vs peer median 34.2xmedian 23.7x 13.5xmedian 15.9x 31.1xmedian 23.7x
P/B now vs peer median 6.5xmedian 1.3x 1.5xmedian 1.1x 1.8xmedian 1.3x
PEG now vs peer median 2.63median 2.07 -1.05median 1.06 1.55median 2.07

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsELSNOBHINVH
Revenue $1.56B $48.70M $2.86B
Gross profit $1.42B $14.65M –
Operating income $409.36M $8.86M –
Net income $415.18M $7.63M $662.98M
Free cash flow $345.41M $6.37M $523.34M
EPS (diluted) $2.01 $2.42 $1.11
Cash & equivalents $35.63M $13.42M $75.79M
Total debt $13.20B – $29.54B
Shares (diluted) 200.21M 3.16M 592.50M
Enterprise value $11.68B $38.22M $15.81B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricELSNOBHINVH
P/E 29.3x 11.2x 24.8x
P/FCF 34.2x 13.5x 31.1x
P/Operating cash flow 20.0x 13.0x 13.6x
P/S 7.6x 1.8x 5.7x
P/B 6.5x 1.5x 1.8x
P/Tangible book 6.5x 1.5x 1.8x
EV/EBITDA 23.9x 7.9x –
EV/EBIT 36.8x 8.2x –
EV/Revenue 9.6x 1.5x 8.7x
EV/FCF 43.7x 11.4x 47.2x
EV/Operating cash flow 25.6x 11.0x 20.6x
PEG (3Y EPS CAGR) 2.63 -1.05 1.55

Growth

14 metrics
MetricELSNOBHINVH
Revenue growth (1Y) 2.5% -4.2% 6.7%
Revenue CAGR (3Y) 2.3% -9.1% 6.9%
Gross profit growth (1Y) 3.2% -10.5% –
Gross profit CAGR (3Y) 3.9% -12.9% –
Operating income growth (1Y) 8.3% -4.4% –
Operating income CAGR (3Y) 28.2% -14.0% –
Net income growth (1Y) 7.8% -6.5% 21.2%
Net income CAGR (3Y) 11.5% -12.3% 14.7%
EPS growth (1Y) 9.2% -3.0% 25.3%
EPS CAGR (3Y) 11.2% -10.8% 16.0%
Operating cash flow growth (1Y) 1.6% 38.2% 6.2%
Operating cash flow CAGR (3Y) 10.3% 10.9% 3.9%
Free cash flow growth (1Y) -1.2% 39.4% 506.6%
Free cash flow CAGR (3Y) 24.8% 17.5% -0.1%

Profitability

14 metrics
MetricELSNOBHINVH
Gross margin 91.0% 30.1% –
EBITDA margin 40.4% 18.8% –
Operating margin 26.2% 18.2% –
Pretax margin 18.3% 20.9% –
Net margin 25.7% 15.7% 23.1%
FCF margin 22.1% 13.1% 18.3%
Operating cash flow margin 37.7% 13.5% 42.0%
Return on equity 22.8% 13.3% 7.3%
Return on assets 7.2% 11.8% 3.6%
Return on invested capital – – –
Return on capital employed – 15.4% –
Asset turnover 0.3x 0.8x 0.2x
Cash conversion (OCF / net income) 1.4x 0.9x 1.8x
Stock comp / revenue 0.4% 0.4% 1.0%

Financial Health

11 metrics
MetricELSNOBHINVH
Debt / assets 57.1% – 46.2%
Debt / equity 1.8x – 0.9x
Net debt / EBITDA 5.2x – –
Debt / FCF 9.6x – 16.3x
Liabilities / assets 68.7% 10.6% 50.7%
Equity / assets 31.3% 89.4% 49.3%
Interest coverage 3.0x – –
Current ratio – 7.4x –
Quick ratio – 2.6x –
Cash ratio – 1.9x –
Altman Z-score – 11.11 –

Shareholder Returns

7 metrics
MetricELSNOBHINVH
Dividend yield 3.5% 5.5% 4.4%
Net buyback yield 0.0% 4.0% 3.4%
Shareholder yield 3.5% 9.5% 7.7%
Payout ratio (earnings) 97.1% – –
Payout ratio (FCF) 116.8% – –
Dividend growth (1Y) 9.7% – –
Dividend CAGR (3Y) 8.9% – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusELSNOBHINVH
Forward P/E 28.7xFY2026 – 28.7xFY2026
EPS, next fiscal year $2.12FY2026 – $0.96FY2026
EPS growth, next FY +5.5%FY2026 – 0.0%FY2026
EPS growth, the year after +8.5% – -20.8%
Revenue, next fiscal year $1.52BFY2026 – $3.08BFY2026
Revenue growth, next FY -0.6%FY2026 – +13.0%FY2026
Revenue growth, the year after +14.4% – -4.1%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersELSNOBHINVH
Held by institutions 100.0% – 100.0%
Institutions holding 476 – 622
Change in shares held, QoQ +2.6% – +9.1%
Institutions buying 220 – 338
Institutions selling 190 – 215
Buyers to sellers 1.16 – 1.57

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ELSNOBHINVH
ELS 1.00 -0.04 0.52
NOBH -0.04 1.00 -0.08
INVH 0.52 -0.08 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ELS, NOBH and INVH?

Invitation Homes (INVH) is the largest by market capitalisation: Equity Lifestyle Properties (ELS) $11.82B, Nobility Homes (NOBH) $85.81M, Invitation Homes (INVH) $16.29B.

Which stock is cheaper, ELS, NOBH and INVH?

Nobility Homes (NOBH) trades on the lowest price-to-earnings ratio (Equity Lifestyle Properties (ELS) 29.4x, Nobility Homes (NOBH) 11.2x, Invitation Homes (INVH) 24.7x). On next year's consensus earnings, Invitation Homes (INVH) is cheapest (Equity Lifestyle Properties (ELS) 28.7x, Invitation Homes (INVH) 28.7x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Invitation Homes (INVH) grew revenue fastest over the trailing twelve months: Equity Lifestyle Properties (ELS) +2.5%, Nobility Homes (NOBH) -4.2%, Invitation Homes (INVH) +6.7%.

Which company is more profitable?

Equity Lifestyle Properties (ELS) has the highest net margin (Equity Lifestyle Properties (ELS) 25.7%, Nobility Homes (NOBH) 15.7%, Invitation Homes (INVH) 23.1%).

Which stock has performed better?

Over the past year Equity Lifestyle Properties (ELS) returned the most: Equity Lifestyle Properties (ELS) -0.2%, Nobility Homes (NOBH) -15.0%, Invitation Homes (INVH) -4.7%. Over five years, Nobility Homes (NOBH) compounded fastest (Equity Lifestyle Properties (ELS) -6.7%/yr, Nobility Homes (NOBH) -1.4%/yr, Invitation Homes (INVH) -7.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Nobility Homes (NOBH) has the highest dividend yield: Equity Lifestyle Properties (ELS) 0.03%, Nobility Homes (NOBH) 5.51%, Invitation Homes (INVH) 0.00%. Invitation Homes (INVH) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Equity Lifestyle Properties (ELS) has been the steadiest (Equity Lifestyle Properties (ELS) 18.5%, Nobility Homes (NOBH) 41.1%, Invitation Homes (INVH) 21.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ELS, NOBH and INVH?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Nobility Homes (NOBH) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.