Is ALVO or AMPH more undervalued in 2026?

CirclFi compares Alvotech (ALVO) and Amphastar Pharmaceuticals, Inc. (AMPH) using 13 institutional-grade valuation models. ALVO has a Quality of Company score of 1.8/10 while AMPH scores 10.0/10.

Which is a better buy — ALVO or AMPH?

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 ALVO and AMPH valuations compare?

ALVO at $3.43 and AMPH at $19.30 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

ALVO vs AMPH Valuation Comparison 2026 — Intrinsic Value Analysis

ALVO

Drug Manufacturers - Specialty & Generic

Alvotech

Quality

1.8

out of 10

Value Trap

—

Price

$3.43

Last close

Models

10/13

Active

AMPH

Drug Manufacturers - Specialty & Generic

Amphastar Pharmaceuticals, Inc.

Quality

10.0

out of 10

Value Trap

SAFE

Price

$19.30

Last close

Models

13/13

Active

Model-by-Model Comparison

Model	Type	ALVO Fair Value	ALVO Upside	AMPH Fair Value	AMPH Upside
Bayesian DCF	Intrinsic	$0.91	-73.5%	$42.38	+119.6%
Earnings Power Value	Intrinsic	—	—	$14.27	-26.0%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$6.74	+99.3%	$63.07	+226.8%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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ALVO vs AMPH — Which Stock Is More Undervalued?

AMPH scores higher with a 10.0/10 quality rating vs ALVO's 1.8/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Alvotech (ALVO) and Amphastar Pharmaceuticals, Inc. (AMPH) 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.

ALVO currently trades at $3.43 with a QOC of 1.8/10, while AMPH trades at $19.30 with a QOC of 10.0/10.

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).