Is BDTX or CABA more undervalued in 2026?

CirclFi compares Black Diamond Therapeutics, Inc (BDTX) and Cabaletta Bio, Inc. (CABA) using 13 institutional-grade valuation models. BDTX has a Quality of Company score of 6.8/10 while CABA scores 4.4/10.

Which is a better buy — BDTX or CABA?

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 BDTX and CABA valuations compare?

BDTX at $2.22 and CABA at $3.78 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

BDTX vs CABA Valuation Comparison 2026 — Intrinsic Value Analysis

BDTX

Biological Products, (No Diagnostic Substances)

Black Diamond Therapeutics, Inc

Quality

6.8

out of 10

Value Trap

LOW

Price

$2.22

Last close

Models

10/13

Active

CABA

Biological Products, (No Diagnostic Substances)

Cabaletta Bio, Inc.

Quality

4.4

out of 10

Value Trap

SAFE

Price

$3.78

Last close

Models

7/13

Active

Model-by-Model Comparison

Model	Type	BDTX Fair Value	BDTX Upside	CABA Fair Value	CABA Upside
Bayesian DCF	Intrinsic	—	—	$1.06	-72.1%
Earnings Power Value	Intrinsic	$4.63	+64.1%	—	—
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$1.92	-45.8%	$0.89	-76.5%
Dynamic NAV	Asset-Based	$1.87	-15.7%	$1.45	-61.5%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%

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BDTX vs CABA — Which Stock Is More Undervalued?

BDTX scores higher with a 6.8/10 quality rating vs CABA's 4.4/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Black Diamond Therapeutics, Inc (BDTX) and Cabaletta Bio, Inc. (CABA) 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.

BDTX currently trades at $2.22 with a QOC of 6.8/10, while CABA trades at $3.78 with a QOC of 4.4/10.

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).