The neglect of the history depreciation imbalance in the conventional equalization strategies may aggravate the lifetime depreciation of the multi-battery energy storage systems (MBESSs) and overuse the high-history-depreciation batteries (HHDBs). This paper proposes an equalization strategy using maximum consistency tracking algorithm of the conditional depreciation to solve the stated problem. Conditional depreciation is innovatively defined to evaluate the operation equitability of the MBESSs. The maximum consistency tracking algorithm consists of two searching levels: the global searching level and the range searching level. A sequential approximation method is utilized at the global searching level to find the variation range consisting of the most equitable conditional depreciation. The newton downhill method is adopted at the range searching level to find the exact value of the most equitable conditional depreciation. The proposed equalization strategy is validated by a hardware-in-the-loop simulation system. Test results show that the proposed equalization strategy minimizes the imbalance of batteries' conditional depreciations and decreases the HHDBs' sharing power. Compared to the conventional equalization strategies, the proposed equalization strategy will protect the HHDBs from intermittent overuse and extend the lifetime of the MBESSs.