ALT vs ANNX

Altimmune, Inc. vs Annexon, Inc. — Valuation Comparison 2026

By CirclFi Research Team · Updated 2026-06-03 · Data from SEC EDGAR, FRED & GDELT

Quick Summary — ALT scores higher on quality with 4.7/10 vs ANNX's 4.2/10. ALT trades at $2.90 while ANNX trades at $5.26. Both analyzed daily using SEC EDGAR data across 13 institutional models.

ALT

Biotechnology
Altimmune, Inc.
Quality
4.7
out of 10
Value Trap
47
WARN
Price
$2.90
Last close
Models
9/13
Active
VS

ANNX

Biotechnology
Annexon, Inc.
Quality
4.2
out of 10
Value Trap
36
LOW
Price
$5.26
Last close
Models
7/13
Active
ALT
2 models active
Value Trap 47/100 — caution
ANNX
2 models active
Quality 4.2/10 — below average

ALT vs ANNX — Fair Value Comparison

ALT
$0$1$2$3 Price$2.90 Bayesian …$0.95 (-67.2%) ML-RIV$0.10 (-96.4%)
ANNX
$0$2$4$6 Price$5.26 Bayesian …$1.91 (-63.7%) Dynamic N…$2.02 (-61.6%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType ALT Fair ValueALT Upside ANNX Fair ValueANNX Upside
Bayesian DCF Intrinsic $0.95 -67.2% $1.91 -63.7%
First Chicago Scenario $•••.•• ••.•% $•••.•• ••.•%
ML-RIV Intrinsic $0.10 -96.4% $0.09 -98.4%
Dynamic NAV Asset-Based $1.29 -55.4% $2.02 -61.6%
PWERM Option-Based $•••.•• ••.•% $•••.•• ••.•%
Regime Cross-Sectional Relative $•••.•• ••.•% $•••.•• ••.•%
Sentiment SOTP Hybrid $•••.•• ••.•% $•••.•• ••.•%
CUCE Ensemble Ensemble $•••.•• ••.•% $•••.•• ••.•%
FTNN Topology Relative $•••.•• ••.•% $•••.•• ••.•%

ALT vs ANNX — Which Stock Is More Undervalued in 2026?

ALT scores higher with a 4.7/10 quality rating vs ANNX's 4.2/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do ALT and ANNX Valuations Compare?

At $2.90, ALT trades +67.2% above its Bayesian DCF fair value of $0.95, while ANNX at $5.26 trades +63.7% above its estimate of $1.91. ALT shows a wider gap between price and intrinsic value.

Quality of Company: ALT vs ANNX

ALT earns a Quality of Company score of 4.7/10 compared to ANNX's 4.2/10. The scores are closely matched, indicating similar fundamental quality profiles. The QOC score synthesizes 32 signals spanning profitability margins, revenue growth, free cash flow, capital allocation, and leverage.

Value Trap Risk: ALT vs ANNX

ALT carries a WARN value trap risk (47/100) while ANNX shows LOW risk (36/100). Stocks with value trap scores above 40 may appear undervalued but face deteriorating fundamentals — declining margins, rising debt, or shrinking revenue can make the apparent discount a trap.

Both in Biotechnology

Both ALT and ANNX operate in Biotechnology, which has 566 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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