HSTM vs NRC

HealthStream, Inc. vs NRC Health — Valuation Comparison 2026

By CirclFi Research Team · Updated 2026-06-03 · Data from SEC EDGAR, FRED & GDELT

Quick Summary — HSTM scores higher on quality with 9.0/10 vs NRC's 7.2/10. HSTM trades at $25.22 while NRC trades at $19.59. Both analyzed daily using SEC EDGAR data across 13 institutional models.

HSTM

Health Information Services
HealthStream, Inc.
Quality
9.0
out of 10
Value Trap
17
SAFE
Price
$25.22
Last close
Models
13/13
Active
VS

NRC

Health Information Services
NRC Health
Quality
7.2
out of 10
Value Trap
14
SAFE
Price
$19.59
Last close
Models
11/13
Active
HSTM
Quality Score 9.0/10 — top tier
Limited to 2/13 visible models
NRC
2 models active
Limited to 2/13 visible models

HSTM vs NRC — Fair Value Comparison

HSTM
$0$10$20$30 Price$25.22 Bayesian …$22.41 (-11.1%) Earnings …$14.55 (-42.3%)
NRC
$0$8$15$23 Price$19.59 Bayesian …$7.38 (-62.3%) Earnings …$0.43 (-97.8%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType HSTM Fair ValueHSTM Upside NRC Fair ValueNRC Upside
Bayesian DCF Intrinsic $22.41 -11.1% $7.38 -62.3%
Earnings Power Value Intrinsic $14.55 -42.3% $0.43 -97.8%
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 $•••.•• ••.•% $•••.•• ••.•%

HSTM vs NRC — Which Stock Is More Undervalued in 2026?

HSTM scores higher with a 9.0/10 quality rating vs NRC's 7.2/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do HSTM and NRC Valuations Compare?

At $25.22, HSTM trades +11.1% above its Bayesian DCF fair value of $22.41, while NRC at $19.59 trades +62.3% above its estimate of $7.38. NRC shows a wider gap between price and intrinsic value.

Quality of Company: HSTM vs NRC

HSTM earns a Quality of Company score of 9.0/10 compared to NRC's 7.2/10. This moderate difference suggests one company has an edge in fundamental quality, though both may offer investment merit depending on valuation. The QOC score synthesizes 32 signals spanning profitability margins, revenue growth, free cash flow, capital allocation, and leverage.

Value Trap Risk: HSTM vs NRC

HSTM carries a SAFE value trap risk (17/100) while NRC shows SAFE risk (14/100). Both companies show manageable value trap risk, suggesting their current valuations are not artificially depressed by fundamental deterioration.

Both in Health Information Services

Both HSTM and NRC operate in Health Information Services, which has 46 stocks tracked by CirclFi. Same-industry comparisons provide the most direct insight into relative valuation since both companies face similar regulatory environments, market dynamics, and competitive pressures. 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), and ensemble methods (CUCE).

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