Is CHMG or CLBK more undervalued in 2026?

CirclFi compares Chemung Financial Corp (CHMG) and Columbia Financial, Inc. (CLBK) using 13 institutional-grade valuation models. CHMG has a Quality of Company score of 8.1/10 while CLBK scores 7.4/10.

Which is a better buy — CHMG or CLBK?

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 CHMG and CLBK valuations compare?

CHMG at $69.37 and CLBK at $20.05 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

CHMG vs CLBK Valuation Comparison 2026 — Intrinsic Value Analysis

CHMG

Banks - Regional

Chemung Financial Corp

Quality

8.1

out of 10

Value Trap

LOW

Price

$69.37

Last close

Models

11/13

Active

CLBK

Banks - Regional

Columbia Financial, Inc.

Quality

7.4

out of 10

Value Trap

SAFE

Price

$20.05

Last close

Models

9/13

Active

Model-by-Model Comparison

Model	Type	CHMG Fair Value	CHMG Upside	CLBK Fair Value	CLBK Upside
Bayesian DCF	Intrinsic	$41.20	-40.6%	$5.57	-72.2%
Earnings Power Value	Intrinsic	$29.03	-58.2%	—	—
EROIC Spread	Intrinsic	$29.57	-57.4%	$4.46	-77.7%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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CHMG vs CLBK — Which Stock Is More Undervalued?

CHMG scores higher with a 8.1/10 quality rating vs CLBK's 7.4/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Chemung Financial Corp (CHMG) and Columbia Financial, Inc. (CLBK) 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.

CHMG currently trades at $69.37 with a QOC of 8.1/10, while CLBK trades at $20.05 with a QOC of 7.4/10.

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).