Is ADGM or ALMR more undervalued in 2026?

CirclFi compares Adagio Medical Holdings, Inc (ADGM) and Alamar Biosciences, Inc. (ALMR) using 13 institutional-grade valuation models. ADGM has a Quality of Company score of 3.7/10 while ALMR scores 1.7/10.

Which is a better buy — ADGM or ALMR?

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 ADGM and ALMR valuations compare?

ADGM at $0.72 and ALMR at $20.44 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

ADGM vs ALMR Valuation Comparison 2026 — Intrinsic Value Analysis

ADGM

Medical Devices

Adagio Medical Holdings, Inc

Quality

3.7

out of 10

Value Trap

LOW

Price

$0.72

Last close

Models

5/13

Active

ALMR

Medical Devices

Alamar Biosciences, Inc.

Quality

1.7

out of 10

Value Trap

—

Price

$20.44

Last close

Models

8/13

Active

Model-by-Model Comparison

Model	Type	ADGM Fair Value	ADGM Upside	ALMR Fair Value	ALMR Upside
Bayesian DCF	Intrinsic	$0.12	-92.0%	$5.41	-73.5%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$1.34	+85.1%	$3.28	-84.0%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$1.91	+85.1%	$22.30	+9.1%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%

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ADGM vs ALMR — Which Stock Is More Undervalued?

ADGM scores higher with a 3.7/10 quality rating vs ALMR's 1.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Adagio Medical Holdings, Inc (ADGM) and Alamar Biosciences, Inc. (ALMR) 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.

ADGM currently trades at $0.72 with a QOC of 3.7/10, while ALMR trades at $20.44 with a QOC of 1.7/10.

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).