Is FORTY or GDS more undervalued in 2026?

CirclFi compares Formula Systems (1985) Ltd. (FORTY) and GDS Holdings Limited (GDS) using 13 institutional-grade valuation models. FORTY has a Quality of Company score of 1.8/10 while GDS scores 7.7/10.

Which is a better buy — FORTY or GDS?

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 FORTY and GDS valuations compare?

FORTY at $132.54 and GDS at $35.23 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

FORTY vs GDS Valuation Comparison 2026 — Intrinsic Value Analysis

FORTY

Information Technology Services

Formula Systems (1985) Ltd.

Quality

1.8

out of 10

Value Trap

—

Price

$132.54

Last close

Models

13/13

Active

GDS

Information Technology Services

GDS Holdings Limited

Quality

7.7

out of 10

Value Trap

—

Price

$35.23

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	FORTY Fair Value	FORTY Upside	GDS Fair Value	GDS Upside
Bayesian DCF	Intrinsic	$39.12	-70.5%	$25.12	-28.7%
Earnings Power Value	Intrinsic	$146.76	-1.0%	—	—
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$23.56	-82.2%	$8.27	-81.6%
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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FORTY vs GDS — Which Stock Is More Undervalued?

GDS scores higher with a 7.7/10 quality rating vs FORTY's 1.8/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Formula Systems (1985) Ltd. (FORTY) and GDS Holdings Limited (GDS) 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.

FORTY currently trades at $132.54 with a QOC of 1.8/10, while GDS trades at $35.23 with a QOC of 7.7/10.

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).