Is FCX or GSM more undervalued in 2026?

CirclFi compares Freeport-McMoRan, Inc. (FCX) and Ferroglobe PLC (GSM) using 13 institutional-grade valuation models. FCX has a Quality of Company score of 9.3/10 while GSM scores 1.7/10.

Which is a better buy — FCX or GSM?

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 FCX and GSM valuations compare?

FCX at $65.71 and GSM at $4.33 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

FCX vs GSM Valuation Comparison 2026 — Intrinsic Value Analysis

FCX

Metal Mining

Freeport-McMoRan, Inc.

Quality

9.3

out of 10

Value Trap

—

Price

$65.71

Last close

Models

13/13

Active

GSM

Metal Mining

Ferroglobe PLC

Quality

1.7

out of 10

Value Trap

—

Price

$4.33

Last close

Models

10/13

Active

Model-by-Model Comparison

Model	Type	FCX Fair Value	FCX Upside	GSM Fair Value	GSM Upside
Bayesian DCF	Intrinsic	$6.16	-90.6%	$1.07	-75.3%
Earnings Power Value	Intrinsic	$18.24	-72.2%	—	—
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$25.70	-60.9%	$0.52	-87.8%
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	$•••.••	••.•%	$•••.••	••.•%

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FCX vs GSM — Which Stock Is More Undervalued?

FCX scores higher with a 9.3/10 quality rating vs GSM's 1.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Freeport-McMoRan, Inc. (FCX) and Ferroglobe PLC (GSM) 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.

FCX currently trades at $65.71 with a QOC of 9.3/10, while GSM trades at $4.33 with a QOC of 1.7/10.

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).