Is ALXO or ANNX more undervalued in 2026?

CirclFi compares ALX Oncology Holdings Inc. (ALXO) and Annexon, Inc. (ANNX) using 13 institutional-grade valuation models. ALXO has a Quality of Company score of 4.9/10 while ANNX scores 4.2/10.

Which is a better buy — ALXO or ANNX?

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 ALXO and ANNX valuations compare?

ALXO at $1.89 and ANNX at $5.37 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

ALXO vs ANNX Valuation Comparison 2026 — Intrinsic Value Analysis

ALXO

Biotechnology

ALX Oncology Holdings Inc.

Quality

4.9

out of 10

Value Trap

SAFE

Price

$1.89

Last close

Models

7/13

Active

ANNX

Biotechnology

Annexon, Inc.

Quality

4.2

out of 10

Value Trap

LOW

Price

$5.37

Last close

Models

7/13

Active

Model-by-Model Comparison

Model	Type	ALXO Fair Value	ALXO Upside	ANNX Fair Value	ANNX Upside
Bayesian DCF	Intrinsic	$0.58	-69.1%	$1.97	-63.4%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$0.82	-56.6%	$0.09	-98.4%
Dynamic NAV	Asset-Based	$1.27	-32.9%	$2.02	-62.4%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%

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ALXO vs ANNX — Which Stock Is More Undervalued?

ALXO scores higher with a 4.9/10 quality rating vs ANNX's 4.2/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing ALX Oncology Holdings Inc. (ALXO) and Annexon, Inc. (ANNX) 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.

ALXO currently trades at $1.89 with a QOC of 4.9/10, while ANNX trades at $5.37 with a QOC of 4.2/10.

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).