ALMR vs ARAY

Alamar Biosciences, Inc. vs Accuray Incorporated — Valuation Comparison 2026

By CirclFi Research Team · Updated 2026-06-01 · Data from SEC EDGAR, FRED & GDELT

Quick Summary — ARAY scores higher on quality with 4.3/10 vs ALMR's 1.7/10. ALMR trades at $20.51 while ARAY trades at $0.39. Both analyzed daily using SEC EDGAR data across 13 institutional models.

ALMR

Medical Devices
Alamar Biosciences, Inc.
Quality
1.7
out of 10
Value Trap
Price
$20.51
Last close
Models
8/13
Active
VS

ARAY

Medical Devices
Accuray Incorporated
Quality
4.3
out of 10
Value Trap
12
SAFE
Price
$0.39
Last close
Models
5/13
Active
ALMR
PWERM sees +11.8% upside
Quality 1.7/10 — below average
ARAY
Earnings Power Value sees +41.4% upside
Quality 4.3/10 — below average

ALMR vs ARAY — Fair Value Comparison

ALMR
$0$9$18$27 Price$20.51 Bayesian …$5.43 (-73.5%) PWERM$22.93 (+11.8%)
ARAY
$0$0$1$1 Price$0.39 Earnings …$0.66 (+41.4%) ML-RIV$0.03 (-93.5%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType ALMR Fair ValueALMR Upside ARAY Fair ValueARAY Upside
Bayesian DCF Intrinsic $5.43 -73.5%
Earnings Power Value Intrinsic $0.66 +41.4%
EROIC Spread Intrinsic $•••.•• ••.•% $•••.•• ••.•%
First Chicago Scenario $•••.•• ••.•% $•••.•• ••.•%
ML-RIV Intrinsic $3.31 -83.9% $0.03 -93.5%
Dynamic NAV Asset-Based $•••.•• ••.•% $•••.•• ••.•%
PWERM Option-Based $22.93 +11.8%
Regime Cross-Sectional Relative $•••.•• ••.•% $•••.•• ••.•%
Sentiment SOTP Hybrid $•••.•• ••.•% $•••.•• ••.•%
CUCE Ensemble Ensemble $•••.•• ••.•% $•••.•• ••.•%
FTNN Topology Relative $•••.•• ••.•% $•••.•• ••.•%

ALMR vs ARAY — Which Stock Is More Undervalued in 2026?

ARAY scores higher with a 4.3/10 quality rating vs ALMR's 1.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do ALMR and ARAY Valuations Compare?

ALMR currently trades at $20.51 while ARAY trades at $0.39. 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 for both companies.

Quality of Company: ALMR vs ARAY

ALMR earns a Quality of Company score of 1.7/10 compared to ARAY's 4.3/10. This moderate difference suggests one company has an edge in fundamental quality, though both may offer investment merit depending on valuation. The QOC score synthesizes 32 signals spanning profitability margins, revenue growth, free cash flow, capital allocation, and leverage.

Value Trap Risk: ALMR vs ARAY

Review the value trap analysis for both ALMR and ARAY to assess whether apparent undervaluation reflects genuine opportunity or hidden fundamental risk.

Both in Medical Devices

Both ALMR and ARAY operate in Medical Devices, which has 10 stocks tracked by CirclFi. Same-industry comparisons provide the most direct insight into relative valuation since both companies face similar regulatory environments, market dynamics, and competitive pressures. 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), and ensemble methods (CUCE).

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