IMCR vs IMNN

Immunocore Holdings plc vs Imunon, Inc. — 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 IMNN's 4.4/10. IMCR trades at $29.56 while IMNN trades at $2.14. Both analyzed daily using SEC EDGAR data across 13 institutional models.

IMCR

Biotechnology
Immunocore Holdings plc
Quality
8.2
out of 10
Value Trap
6
SAFE
Price
$29.56
Last close
Models
12/13
Active
VS

IMNN

Biotechnology
Imunon, Inc.
Quality
4.4
out of 10
Value Trap
38
LOW
Price
$2.14
Last close
Models
7/13
Active
IMCR
Earnings Power Value sees +1.9% upside
Limited to 2/13 visible models
IMNN
2 models active
Quality 4.4/10 — below average

IMCR vs IMNN — Fair Value Comparison

IMCR
$0$12$23$35 Price$29.56 Bayesian …$14.36 (-51.4%) Earnings …$28.68 (+1.9%)
IMNN
$0$1$2$3 Price$2.14 Bayesian …$1.09 (-48.9%) ML-RIV$0.10 (-96.3%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType IMCR Fair ValueIMCR Upside IMNN Fair ValueIMNN Upside
Bayesian DCF Intrinsic $14.36 -51.4% $1.09 -48.9%
Earnings Power Value Intrinsic $28.68 +1.9%
EROIC Spread Intrinsic $•••.•• ••.•% $•••.•• ••.•%
First Chicago Scenario $•••.•• ••.•% $•••.•• ••.•%
ML-RIV Intrinsic $3.73 -87.4% $0.10 -96.3%
Dynamic NAV Asset-Based $•••.•• ••.•% $•••.•• ••.•%
PWERM Option-Based $•••.•• ••.•% $•••.•• ••.•%
Regime Cross-Sectional Relative $•••.•• ••.•% $•••.•• ••.•%
Sentiment SOTP Hybrid $•••.•• ••.•% $•••.•• ••.•%
CUCE Ensemble Ensemble $•••.•• ••.•% $•••.•• ••.•%
FTNN Topology Relative $•••.•• ••.•% $•••.•• ••.•%
RCMH-DCF Intrinsic $•••.•• ••.•% $•••.•• ••.•%

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

IMCR scores higher with a 8.2/10 quality rating vs IMNN's 4.4/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do IMCR and IMNN Valuations Compare?

At $29.56, IMCR trades +51.4% above its Bayesian DCF fair value of $14.36, while IMNN at $2.14 trades +48.9% above its estimate of $1.09. IMCR shows a wider gap between price and intrinsic value.

Quality of Company: IMCR vs IMNN

IMCR earns a Quality of Company score of 8.2/10 compared to IMNN's 4.4/10. This is a significant quality gap — the higher-scoring company demonstrates materially stronger fundamentals across profitability, growth consistency, and balance sheet health. The QOC score synthesizes 32 signals spanning profitability margins, revenue growth, free cash flow, capital allocation, and leverage.

Value Trap Risk: IMCR vs IMNN

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

Both in Biotechnology

Both IMCR and IMNN 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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