I’m not sure how step count plays in. My understanding is that the barometer reading is used for elevation. Whether step count by the accelerometer plays into it is unknown by me. I do know that riding chair lifts or elevators, where no steps are recorded, also does NOT add to floors count (which is logical).
I think every hike Iv’e been on since I've had this model is similarly off. I have many hikes with my prior iPhone 11 pro, and it was consistently 13 ft elevation gain per “floor” reported. Not 10 but closer.
My hiking companion still has an 11 and her floor count on the same hikes is much larger than mine - meaning far less heght per floor assumed.
so what I wonder is if all iPhone 13 pros are ridiculously off, or just mine…
BTW, on the last hike I used the compass app to record elevation, and against topo maps it is quite close, leading me to believe the barometer elevation reading is close, so not the reason for the crazy floor count.