Is ARQT or ASMB more undervalued in 2026?

CirclFi compares Arcutis Biotherapeutics, Inc. (ARQT) and Assembly Biosciences, Inc. (ASMB) using 13 institutional-grade valuation models. ARQT has a Quality of Company score of 6.2/10 while ASMB scores 6.1/10.

Which is a better buy — ARQT or ASMB?

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 ARQT and ASMB valuations compare?

ARQT at $21.46 and ASMB at $27.66 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

ARQT vs ASMB Valuation Comparison 2026 — Intrinsic Value Analysis

ARQT

Pharmaceutical Preparations

Arcutis Biotherapeutics, Inc.

Quality

6.2

out of 10

Value Trap

SAFE

Price

$21.46

Last close

Models

13/13

Active

ASMB

Pharmaceutical Preparations

Assembly Biosciences, Inc.

Quality

6.1

out of 10

Value Trap

SAFE

Price

$27.66

Last close

Models

9/13

Active

Model-by-Model Comparison

Model	Type	ARQT Fair Value	ARQT Upside	ASMB Fair Value	ASMB Upside
Bayesian DCF	Intrinsic	$6.12	-71.5%	$6.26	-77.4%
Earnings Power Value	Intrinsic	$3.91	-83.3%	—	—
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$29.71	+38.4%	$10.20	-63.1%
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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ARQT vs ASMB — Which Stock Is More Undervalued?

ARQT scores higher with a 6.2/10 quality rating vs ASMB's 6.1/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Arcutis Biotherapeutics, Inc. (ARQT) and Assembly Biosciences, Inc. (ASMB) 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.

ARQT currently trades at $21.46 with a QOC of 6.2/10, while ASMB trades at $27.66 with a QOC of 6.1/10.

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).