Is GWH or KE more undervalued in 2026?

CirclFi compares ESS Tech, Inc. (GWH) and Kimball Electronics, Inc. (KE) using 13 institutional-grade valuation models. GWH has a Quality of Company score of 5.0/10 while KE scores 8.1/10.

Which is a better buy — GWH or KE?

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 GWH and KE valuations compare?

GWH at $1.00 and KE at $26.49 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

GWH vs KE Valuation Comparison 2026 — Intrinsic Value Analysis

GWH

Electrical Equipment & Parts

ESS Tech, Inc.

Quality

5.0

out of 10

Value Trap

SAFE

Price

$1.00

Last close

Models

8/13

Active

KE

Electrical Equipment & Parts

Kimball Electronics, Inc.

Quality

8.1

out of 10

Value Trap

SAFE

Price

$26.49

Last close

Models

13/13

Active

Model-by-Model Comparison

Model	Type	GWH Fair Value	GWH Upside	KE Fair Value	KE Upside
Bayesian DCF	Intrinsic	$0.51	-49.5%	$46.37	+75.0%
Earnings Power Value	Intrinsic	—	—	$5.34	-79.8%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$1.38	+38.4%	$22.35	-15.6%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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GWH vs KE — Which Stock Is More Undervalued?

KE scores higher with a 8.1/10 quality rating vs GWH's 5.0/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing ESS Tech, Inc. (GWH) and Kimball Electronics, Inc. (KE) 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.

GWH currently trades at $1.00 with a QOC of 5.0/10, while KE trades at $26.49 with a QOC of 8.1/10.

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).