Is APLD or BBAI more undervalued in 2026?

CirclFi compares Applied Digital Corporation (APLD) and BigBear.ai, Inc. (BBAI) using 13 institutional-grade valuation models. APLD has a Quality of Company score of 4.2/10 while BBAI scores 6.0/10.

Which is a better buy — APLD or BBAI?

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 APLD and BBAI valuations compare?

APLD at $49.65 and BBAI at $4.94 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

APLD vs BBAI Valuation Comparison 2026 — Intrinsic Value Analysis

APLD

Information Technology Services

Applied Digital Corporation

Quality

4.2

out of 10

Value Trap

SAFE

Price

$49.65

Last close

Models

8/13

Active

BBAI

Information Technology Services

BigBear.ai, Inc.

Quality

6.0

out of 10

Value Trap

WARN

Price

$4.94

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	APLD Fair Value	APLD Upside	BBAI Fair Value	BBAI Upside
Bayesian DCF	Intrinsic	$16.50	-66.8%	$0.99	-80.0%
Earnings Power Value	Intrinsic	—	—	$0.43	-91.2%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$6.09	-82.6%	—	—
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%

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APLD vs BBAI — Which Stock Is More Undervalued?

BBAI scores higher with a 6.0/10 quality rating vs APLD's 4.2/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Applied Digital Corporation (APLD) and BigBear.ai, Inc. (BBAI) 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.

APLD currently trades at $49.65 with a QOC of 4.2/10, while BBAI trades at $4.94 with a QOC of 6.0/10.

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).