Is GWH or NRGV more undervalued in 2026?

CirclFi compares ESS Tech, Inc. (GWH) and Energy Vault Holdings, Inc. (NRGV) using 13 institutional-grade valuation models. GWH has a Quality of Company score of 5.0/10 while NRGV scores 4.7/10.

Which is a better buy — GWH or NRGV?

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 NRGV valuations compare?

GWH at $1.01 and NRGV at $5.05 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

GWH vs NRGV Valuation Comparison 2026 — Intrinsic Value Analysis

GWH

Miscellaneous Electrical Machinery, Equipment & Supplies

ESS Tech, Inc.

Quality

5.0

out of 10

Value Trap

SAFE

Price

$1.01

Last close

Models

8/13

Active

NRGV

Miscellaneous Electrical Machinery, Equipment & Supplies

Energy Vault Holdings, Inc.

Quality

4.7

out of 10

Value Trap

LOW

Price

$5.05

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	GWH Fair Value	GWH Upside	NRGV Fair Value	NRGV Upside
Bayesian DCF	Intrinsic	$0.48	-52.1%	$1.14	-77.4%
Earnings Power Value	Intrinsic	—	—	$0.24	-94.4%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$1.38	+37.0%	$0.16	-97.4%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%

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GWH vs NRGV — Which Stock Is More Undervalued?

GWH scores higher with a 5.0/10 quality rating vs NRGV's 4.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing ESS Tech, Inc. (GWH) and Energy Vault Holdings, Inc. (NRGV) 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 $1.01 with a QOC of 5.0/10, while NRGV trades at $5.05 with a QOC of 4.7/10.

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).