Is CLMT or COP more undervalued in 2026?

CirclFi compares Calumet, Inc (CLMT) and ConocoPhillips (COP) using 13 institutional-grade valuation models. CLMT has a Quality of Company score of 5.2/10 while COP scores 8.1/10.

Which is a better buy — CLMT or COP?

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 CLMT and COP valuations compare?

CLMT at $35.47 and COP at $113.98 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

CLMT vs COP Valuation Comparison 2026 — Intrinsic Value Analysis

CLMT

Petroleum Refining

Calumet, Inc

Quality

5.2

out of 10

Value Trap

SAFE

Price

$35.47

Last close

Models

10/13

Active

COP

Petroleum Refining

ConocoPhillips

Quality

8.1

out of 10

Value Trap

LOW

Price

$113.98

Last close

Models

13/13

Active

Model-by-Model Comparison

Model	Type	CLMT Fair Value	CLMT Upside	COP Fair Value	COP Upside
Bayesian DCF	Intrinsic	$13.70	-57.6%	$251.40	+120.6%
Earnings Power Value	Intrinsic	—	—	$26.09	-77.1%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
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	$41.35	+27.8%	$421.22	+269.6%

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CLMT vs COP — Which Stock Is More Undervalued?

COP scores higher with a 8.1/10 quality rating vs CLMT's 5.2/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Calumet, Inc (CLMT) and ConocoPhillips (COP) 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.

CLMT currently trades at $35.47 with a QOC of 5.2/10, while COP trades at $113.98 with a QOC of 8.1/10.

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).