IGC vs IMCR

IGC Pharma, Inc. vs Immunocore Holdings plc — Valuation Comparison 2026

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

Quick Summary — IMCR scores higher on quality with 8.2/10 vs IGC's 5.4/10. IGC trades at $0.29 while IMCR trades at $29.56. Both analyzed daily using SEC EDGAR data across 13 institutional models.

IGC

Biotechnology
IGC Pharma, Inc.
Quality
5.4
out of 10
Value Trap
38
LOW
Price
$0.29
Last close
Models
11/13
Active
VS

IMCR

Biotechnology
Immunocore Holdings plc
Quality
8.2
out of 10
Value Trap
6
SAFE
Price
$29.56
Last close
Models
12/13
Active
IGC
2 models active
Limited to 2/13 visible models
IMCR
Earnings Power Value sees +1.9% upside
Limited to 2/13 visible models

IGC vs IMCR — Fair Value Comparison

IGC
$0$0$0$0 Price$0.29 Bayesian …$0.08 (-73.8%) Earnings …$0.09 (-72.7%)
IMCR
$0$12$23$35 Price$29.56 Bayesian …$14.36 (-51.4%) Earnings …$28.68 (+1.9%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType IGC Fair ValueIGC Upside IMCR Fair ValueIMCR Upside
Bayesian DCF Intrinsic $0.08 -73.8% $14.36 -51.4%
Earnings Power Value Intrinsic $0.09 -72.7% $28.68 +1.9%
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 $•••.•• ••.•% $•••.•• ••.•%

IGC vs IMCR — Which Stock Is More Undervalued in 2026?

IMCR scores higher with a 8.2/10 quality rating vs IGC's 5.4/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do IGC and IMCR Valuations Compare?

At $0.29, IGC trades +73.8% above its Bayesian DCF fair value of $0.08, while IMCR at $29.56 trades +51.4% above its estimate of $14.36. IGC shows a wider gap between price and intrinsic value.

Quality of Company: IGC vs IMCR

IGC earns a Quality of Company score of 5.4/10 compared to IMCR's 8.2/10. 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: IGC vs IMCR

IGC carries a LOW value trap risk (38/100) while IMCR shows SAFE risk (6/100). Both companies show manageable value trap risk, suggesting their current valuations are not artificially depressed by fundamental deterioration.

Both in Biotechnology

Both IGC and IMCR operate in Biotechnology, which has 566 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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