BHVN vs BMRN

Biohaven Ltd. vs BioMarin Pharmaceutical Inc. — Valuation Comparison 2026

By CirclFi Research Team · Updated 2026-06-03 · Data from SEC EDGAR, FRED & GDELT

Quick Summary — BMRN scores higher on quality with 9.2/10 vs BHVN's 3.8/10. BHVN trades at $10.13 while BMRN trades at $53.32. Both analyzed daily using SEC EDGAR data across 13 institutional models.

BHVN

Biotechnology
Biohaven Ltd.
Quality
3.8
out of 10
Value Trap
30
LOW
Price
$10.13
Last close
Models
6/13
Active
VS

BMRN

Biotechnology
BioMarin Pharmaceutical Inc.
Quality
9.2
out of 10
Value Trap
Price
$53.32
Last close
Models
13/13
Active
BHVN
2 models active
Quality 3.8/10 — below average
BMRN
Quality Score 9.2/10 — top tier
Limited to 2/13 visible models

BHVN vs BMRN — Fair Value Comparison

BHVN
$0$4$8$12 Price$10.13 Bayesian …$2.75 (-72.8%) Dynamic N…$2.20 (-78.3%)
BMRN
$0$21$42$63 Price$53.32 Bayesian …$28.52 (-46.5%) Earnings …$20.86 (-60.9%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType BHVN Fair ValueBHVN Upside BMRN Fair ValueBMRN Upside
Bayesian DCF Intrinsic $2.75 -72.8% $28.52 -46.5%
Earnings Power Value Intrinsic $20.86 -60.9%
EROIC Spread Intrinsic $•••.•• ••.•% $•••.•• ••.•%
First Chicago Scenario $•••.•• ••.•% $•••.•• ••.•%
Markov DDM Intrinsic $•••.•• ••.•% $•••.•• ••.•%
ML-RIV Intrinsic $•••.•• ••.•% $•••.•• ••.•%
Dynamic NAV Asset-Based $2.20 -78.3% $19.96 -62.6%
PWERM Option-Based $•••.•• ••.•% $•••.•• ••.•%
Regime Cross-Sectional Relative $•••.•• ••.•% $•••.•• ••.•%
Sentiment SOTP Hybrid $•••.•• ••.•% $•••.•• ••.•%
CUCE Ensemble Ensemble $•••.•• ••.•% $•••.•• ••.•%
FTNN Topology Relative $•••.•• ••.•% $•••.•• ••.•%
RCMH-DCF Intrinsic $•••.•• ••.•% $•••.•• ••.•%

BHVN vs BMRN — Which Stock Is More Undervalued in 2026?

BMRN scores higher with a 9.2/10 quality rating vs BHVN's 3.8/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do BHVN and BMRN Valuations Compare?

At $10.13, BHVN trades +72.8% above its Bayesian DCF fair value of $2.75, while BMRN at $53.32 trades +46.5% above its estimate of $28.52. BHVN shows a wider gap between price and intrinsic value.

Quality of Company: BHVN vs BMRN

BHVN earns a Quality of Company score of 3.8/10 compared to BMRN's 9.2/10. This is a significant quality gap — the higher-scoring company demonstrates materially stronger fundamentals across profitability, growth consistency, and balance sheet health. The QOC score synthesizes 32 signals spanning profitability margins, revenue growth, free cash flow, capital allocation, and leverage.

Value Trap Risk: BHVN vs BMRN

Review the value trap analysis for both BHVN and BMRN to assess whether apparent undervaluation reflects genuine opportunity or hidden fundamental risk.

Both in Biotechnology

Both BHVN and BMRN operate in Biotechnology, which has 566 stocks tracked by CirclFi. Same-industry comparisons provide the most direct insight into relative valuation since both companies face similar regulatory environments, market dynamics, and competitive pressures. 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), and ensemble methods (CUCE).

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