Is ARMP or ARQT more undervalued in 2026?

CirclFi compares Armata Pharmaceuticals, Inc. (ARMP) and Arcutis Biotherapeutics, Inc. (ARQT) using 13 institutional-grade valuation models. ARMP has a Quality of Company score of 3.5/10 while ARQT scores 6.2/10.

Which is a better buy — ARMP or ARQT?

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 ARMP and ARQT valuations compare?

ARMP at $8.12 and ARQT at $21.44 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

ARMP vs ARQT Valuation Comparison 2026 — Intrinsic Value Analysis

ARMP

Biotechnology

Armata Pharmaceuticals, Inc.

Quality

3.5

out of 10

Value Trap

SAFE

Price

$8.12

Last close

Models

7/13

Active

ARQT

Biotechnology

Arcutis Biotherapeutics, Inc.

Quality

6.2

out of 10

Value Trap

SAFE

Price

$21.44

Last close

Models

13/13

Active

Model-by-Model Comparison

Model	Type	ARMP Fair Value	ARMP Upside	ARQT Fair Value	ARQT Upside
Bayesian DCF	Intrinsic	$1.04	-87.2%	$6.25	-70.9%
Earnings Power Value	Intrinsic	—	—	$3.91	-83.3%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$15.46	+90.4%	$21.15	-1.4%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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ARMP vs ARQT — Which Stock Is More Undervalued?

ARQT scores higher with a 6.2/10 quality rating vs ARMP's 3.5/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Armata Pharmaceuticals, Inc. (ARMP) and Arcutis Biotherapeutics, Inc. (ARQT) 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.

ARMP currently trades at $8.12 with a QOC of 3.5/10, while ARQT trades at $21.44 with a QOC of 6.2/10.

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).