BYRN vs CODA

Byrna Technologies, Inc. vs Coda Octopus Group, Inc. — Valuation Comparison 2026

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

Quick Summary — CODA scores higher on quality with 9.2/10 vs BYRN's 8.2/10. BYRN trades at $6.22 while CODA trades at $12.93. Both analyzed daily using SEC EDGAR data across 13 institutional models.

BYRN

Aerospace & Defense
Byrna Technologies, Inc.
Quality
8.2
out of 10
Value Trap
12
SAFE
Price
$6.22
Last close
Models
12/13
Active
VS

CODA

Aerospace & Defense
Coda Octopus Group, Inc.
Quality
9.2
out of 10
Value Trap
6
SAFE
Price
$12.93
Last close
Models
12/13
Active
BYRN
Quality Score 8.2/10 — top tier
Limited to 2/13 visible models
CODA
Quality Score 9.2/10 — top tier
Limited to 2/13 visible models

BYRN vs CODA — Fair Value Comparison

BYRN
$0$2$5$7 Price$6.22 Bayesian …$1.79 (-71.3%) Earnings …$5.29 (-14.9%)
CODA
$0$5$10$15 Price$12.93 Bayesian …$6.72 (-48.0%) Earnings …$4.44 (-65.7%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType BYRN Fair ValueBYRN Upside CODA Fair ValueCODA Upside
Bayesian DCF Intrinsic $1.79 -71.3% $6.72 -48.0%
Earnings Power Value Intrinsic $5.29 -14.9% $4.44 -65.7%
EROIC Spread Intrinsic $•••.•• ••.•% $•••.•• ••.•%
First Chicago Scenario $•••.•• ••.•% $•••.•• ••.•%
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 $•••.•• ••.•% $•••.•• ••.•%

BYRN vs CODA — Which Stock Is More Undervalued in 2026?

CODA scores higher with a 9.2/10 quality rating vs BYRN's 8.2/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do BYRN and CODA Valuations Compare?

At $6.22, BYRN trades +71.3% above its Bayesian DCF fair value of $1.79, while CODA at $12.93 trades +48.0% above its estimate of $6.72. BYRN shows a wider gap between price and intrinsic value.

Quality of Company: BYRN vs CODA

BYRN earns a Quality of Company score of 8.2/10 compared to CODA's 9.2/10. This moderate difference suggests one company has an edge in fundamental quality, though both may offer investment merit depending on valuation. The QOC score synthesizes 32 signals spanning profitability margins, revenue growth, free cash flow, capital allocation, and leverage.

Value Trap Risk: BYRN vs CODA

BYRN carries a SAFE value trap risk (12/100) while CODA shows SAFE risk (6/100). Both companies show manageable value trap risk, suggesting their current valuations are not artificially depressed by fundamental deterioration.

Both in Aerospace & Defense

Both BYRN and CODA operate in Aerospace & Defense, which has 77 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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