Is FTEK or MAIR more undervalued in 2026?

CirclFi compares Fuel Tech, Inc. (FTEK) and Madison Air Solutions Corporati (MAIR) using 13 institutional-grade valuation models. FTEK has a Quality of Company score of 7.9/10 while MAIR scores 1.7/10.

Which is a better buy — FTEK or MAIR?

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 FTEK and MAIR valuations compare?

FTEK at $1.48 and MAIR at $43.47 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

FTEK vs MAIR Valuation Comparison 2026 — Intrinsic Value Analysis

FTEK

Industrial & Commercial Fans & Blowers & Air Purifing Equip

Fuel Tech, Inc.

Quality

7.9

out of 10

Value Trap

LOW

Price

$1.48

Last close

Models

12/13

Active

MAIR

Industrial & Commercial Fans & Blowers & Air Purifing Equip

Madison Air Solutions Corporati

Quality

1.7

out of 10

Value Trap

—

Price

$43.47

Last close

Models

13/13

Active

Model-by-Model Comparison

Model	Type	FTEK Fair Value	FTEK Upside	MAIR Fair Value	MAIR Upside
Bayesian DCF	Intrinsic	$0.71	-51.7%	$12.24	-71.8%
Earnings Power Value	Intrinsic	$1.23	-23.8%	$14.55	-57.0%
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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FTEK vs MAIR — Which Stock Is More Undervalued?

FTEK scores higher with a 7.9/10 quality rating vs MAIR's 1.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Fuel Tech, Inc. (FTEK) and Madison Air Solutions Corporati (MAIR) 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.

FTEK currently trades at $1.48 with a QOC of 7.9/10, while MAIR trades at $43.47 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).