Is IMSR or SMR more undervalued in 2026?

CirclFi compares Terrestrial Energy Inc. (IMSR) and NuScale Power Corporation (SMR) using 13 institutional-grade valuation models. IMSR has a Quality of Company score of 5.6/10 while SMR scores 5.9/10.

Which is a better buy — IMSR or SMR?

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 IMSR and SMR valuations compare?

IMSR at $9.13 and SMR at $12.67 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

IMSR vs SMR Valuation Comparison 2026 — Intrinsic Value Analysis

IMSR

Fabricated Plate Work (Boiler Shops)

Terrestrial Energy Inc.

Quality

5.6

out of 10

Value Trap

—

Price

$9.13

Last close

Models

11/13

Active

SMR

Fabricated Plate Work (Boiler Shops)

NuScale Power Corporation

Quality

5.9

out of 10

Value Trap

SAFE

Price

$12.67

Last close

Models

13/13

Active

Model-by-Model Comparison

Model	Type	IMSR Fair Value	IMSR Upside	SMR Fair Value	SMR Upside
Bayesian DCF	Intrinsic	$2.10	-77.0%	$3.84	-69.7%
Earnings Power Value	Intrinsic	$0.29	-96.2%	$3.04	-75.0%
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	$•••.••	••.•%	$•••.••	••.•%

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IMSR vs SMR — Which Stock Is More Undervalued?

SMR scores higher with a 5.9/10 quality rating vs IMSR's 5.6/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Terrestrial Energy Inc. (IMSR) and NuScale Power Corporation (SMR) 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.

IMSR currently trades at $9.13 with a QOC of 5.6/10, while SMR trades at $12.67 with a QOC of 5.9/10.

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).