Is HRMY or HRTX more undervalued in 2026?

CirclFi compares Harmony Biosciences Holdings, I (HRMY) and Heron Therapeutics, Inc. (HRTX) using 13 institutional-grade valuation models. HRMY has a Quality of Company score of 10.0/10 while HRTX scores 6.1/10.

Which is a better buy — HRMY or HRTX?

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 HRMY and HRTX valuations compare?

HRMY at $31.49 and HRTX at $0.89 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

HRMY vs HRTX Valuation Comparison 2026 — Intrinsic Value Analysis

HRMY

Biotechnology

Harmony Biosciences Holdings, I

Quality

10.0

out of 10

Value Trap

SAFE

Price

$31.49

Last close

Models

12/13

Active

HRTX

Biotechnology

Heron Therapeutics, Inc.

Quality

6.1

out of 10

Value Trap

SAFE

Price

$0.89

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	HRMY Fair Value	HRMY Upside	HRTX Fair Value	HRTX Upside
Bayesian DCF	Intrinsic	$97.76	+210.5%	$0.27	-69.6%
Earnings Power Value	Intrinsic	$23.18	-26.4%	$0.16	-86.7%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
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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HRMY vs HRTX — Which Stock Is More Undervalued?

HRMY scores higher with a 10.0/10 quality rating vs HRTX's 6.1/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Harmony Biosciences Holdings, I (HRMY) and Heron Therapeutics, Inc. (HRTX) 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.

HRMY currently trades at $31.49 with a QOC of 10.0/10, while HRTX trades at $0.89 with a QOC of 6.1/10.

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).