Is ICU or IMA more undervalued in 2026?

CirclFi compares SeaStar Medical Holding Corpora (ICU) and ImageneBio, Inc. (IMA) using 13 institutional-grade valuation models. ICU has a Quality of Company score of 5.9/10 while IMA scores 5.8/10.

Which is a better buy — ICU or IMA?

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 ICU and IMA valuations compare?

ICU at $3.66 and IMA at $5.92 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

ICU vs IMA Valuation Comparison 2026 — Intrinsic Value Analysis

ICU

Biotechnology

SeaStar Medical Holding Corpora

Quality

5.9

out of 10

Value Trap

SAFE

Price

$3.66

Last close

Models

11/13

Active

IMA

Biotechnology

ImageneBio, Inc.

Quality

5.8

out of 10

Value Trap

LOW

Price

$5.92

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	ICU Fair Value	ICU Upside	IMA Fair Value	IMA Upside
Bayesian DCF	Intrinsic	$2.26	-38.3%	$6.30	+11.4%
Earnings Power Value	Intrinsic	$3.83	-12.3%	$8.75	+54.6%
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	$•••.••	••.•%	$•••.••	••.•%

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ICU vs IMA — Which Stock Is More Undervalued?

ICU scores higher with a 5.9/10 quality rating vs IMA's 5.8/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing SeaStar Medical Holding Corpora (ICU) and ImageneBio, Inc. (IMA) 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.

ICU currently trades at $3.66 with a QOC of 5.9/10, while IMA trades at $5.92 with a QOC of 5.8/10.

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).