Is FMX or ZVIA more undervalued in 2026?

CirclFi compares Fomento Economico Mexicano S.A. (FMX) and Zevia PBC (ZVIA) using 13 institutional-grade valuation models. FMX has a Quality of Company score of 6.9/10 while ZVIA scores 6.3/10.

Which is a better buy — FMX or ZVIA?

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 FMX and ZVIA valuations compare?

FMX at $119.03 and ZVIA at $1.55 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

FMX vs ZVIA Valuation Comparison 2026 — Intrinsic Value Analysis

FMX

Bottled & Canned Soft Drinks & Carbonated Waters

Fomento Economico Mexicano S.A.

Quality

6.9

out of 10

Value Trap

SAFE

Price

$119.03

Last close

Models

13/13

Active

ZVIA

Bottled & Canned Soft Drinks & Carbonated Waters

Zevia PBC

Quality

6.3

out of 10

Value Trap

LOW

Price

$1.55

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	FMX Fair Value	FMX Upside	ZVIA Fair Value	ZVIA Upside
Bayesian DCF	Intrinsic	$25.42	-78.6%	$0.71	-54.4%
Earnings Power Value	Intrinsic	$60.46	-49.2%	$2.71	+108.1%
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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FMX vs ZVIA — Which Stock Is More Undervalued?

FMX scores higher with a 6.9/10 quality rating vs ZVIA's 6.3/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Fomento Economico Mexicano S.A. (FMX) and Zevia PBC (ZVIA) 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.

FMX currently trades at $119.03 with a QOC of 6.9/10, while ZVIA trades at $1.55 with a QOC of 6.3/10.

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).