Is EQ or ERAS more undervalued in 2026?

CirclFi compares Equillium, Inc. (EQ) and Erasca, Inc. (ERAS) using 13 institutional-grade valuation models. EQ has a Quality of Company score of 6.4/10 while ERAS scores 4.2/10.

Which is a better buy — EQ or ERAS?

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 EQ and ERAS valuations compare?

EQ at $2.84 and ERAS at $12.20 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

EQ vs ERAS Valuation Comparison 2026 — Intrinsic Value Analysis

EQ

Biotechnology

Equillium, Inc.

Quality

6.4

out of 10

Value Trap

SAFE

Price

$2.84

Last close

Models

9/13

Active

ERAS

Biotechnology

Erasca, Inc.

Quality

4.2

out of 10

Value Trap

SAFE

Price

$12.20

Last close

Models

10/13

Active

Model-by-Model Comparison

Model	Type	EQ Fair Value	EQ Upside	ERAS Fair Value	ERAS Upside
Bayesian DCF	Intrinsic	$1.29	-54.6%	$3.70	-69.7%
Earnings Power Value	Intrinsic	—	—	$9.40	-56.3%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$0.05	-97.4%	$0.94	-90.7%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%

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EQ vs ERAS — Which Stock Is More Undervalued?

EQ scores higher with a 6.4/10 quality rating vs ERAS's 4.2/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Equillium, Inc. (EQ) and Erasca, Inc. (ERAS) 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.

EQ currently trades at $2.84 with a QOC of 6.4/10, while ERAS trades at $12.20 with a QOC of 4.2/10.

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).