Is AVA or CMS more undervalued in 2026?

CirclFi compares Avista Corporation (AVA) and CMS Energy Corporation (CMS) using 13 institutional-grade valuation models. AVA has a Quality of Company score of 7.7/10 while CMS scores 7.6/10.

Which is a better buy — AVA or CMS?

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 AVA and CMS valuations compare?

AVA at $41.47 and CMS at $72.57 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

AVA vs CMS Valuation Comparison 2026 — Intrinsic Value Analysis

AVA

Electric & Other Services Combined

Avista Corporation

Quality

7.7

out of 10

Value Trap

SAFE

Price

$41.47

Last close

Models

12/13

Active

CMS

Electric & Other Services Combined

CMS Energy Corporation

Quality

7.6

out of 10

Value Trap

SAFE

Price

$72.57

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	AVA Fair Value	AVA Upside	CMS Fair Value	CMS Upside
Bayesian DCF	Intrinsic	$120.44	+194.3%	$15.86	-78.1%
Earnings Power Value	Intrinsic	$22.24	-46.4%	—	—
EROIC Spread	Intrinsic	$30.18	-27.2%	$13.83	-80.9%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
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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AVA vs CMS — Which Stock Is More Undervalued?

AVA scores higher with a 7.7/10 quality rating vs CMS's 7.6/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Avista Corporation (AVA) and CMS Energy Corporation (CMS) 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.

AVA currently trades at $41.47 with a QOC of 7.7/10, while CMS trades at $72.57 with a QOC of 7.6/10.

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).