Is FER or IESC more undervalued in 2026?

CirclFi compares Ferrovial N.V. (FER) and IES Holdings, Inc. (IESC) using 13 institutional-grade valuation models. FER has a Quality of Company score of 8.8/10 while IESC scores 10.0/10.

Which is a better buy — FER or IESC?

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 FER and IESC valuations compare?

FER at $68.30 and IESC at $698.96 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

FER vs IESC Valuation Comparison 2026 — Intrinsic Value Analysis

FER

Engineering & Construction

Ferrovial N.V.

Quality

8.8

out of 10

Value Trap

SAFE

Price

$68.30

Last close

Models

12/13

Active

IESC

Engineering & Construction

IES Holdings, Inc.

Quality

10.0

out of 10

Value Trap

SAFE

Price

$698.96

Last close

Models

13/13

Active

Model-by-Model Comparison

Model	Type	FER Fair Value	FER Upside	IESC Fair Value	IESC Upside
Bayesian DCF	Intrinsic	$72.16	+5.7%	$131.85	-81.1%
Earnings Power Value	Intrinsic	$26.97	-60.5%	$159.76	-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	$•••.••	••.•%	$•••.••	••.•%

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FER vs IESC — Which Stock Is More Undervalued?

IESC scores higher with a 10.0/10 quality rating vs FER's 8.8/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Ferrovial N.V. (FER) and IES Holdings, Inc. (IESC) 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.

FER currently trades at $68.30 with a QOC of 8.8/10, while IESC trades at $698.96 with a QOC of 10.0/10.

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).