Is KMI or SMC more undervalued in 2026?

CirclFi compares Kinder Morgan, Inc. (KMI) and Summit Midstream Corporation (SMC) using 13 institutional-grade valuation models. KMI has a Quality of Company score of 8.0/10 while SMC scores 4.5/10.

Which is a better buy — KMI or SMC?

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 KMI and SMC valuations compare?

KMI at $31.08 and SMC at $26.65 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

KMI vs SMC Valuation Comparison 2026 — Intrinsic Value Analysis

KMI

Natural Gas Transmission

Kinder Morgan, Inc.

Quality

8.0

out of 10

Value Trap

—

Price

$31.08

Last close

Models

12/13

Active

SMC

Natural Gas Transmission

Summit Midstream Corporation

Quality

4.5

out of 10

Value Trap

—

Price

$26.65

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	KMI Fair Value	KMI Upside	SMC Fair Value	SMC Upside
Bayesian DCF	Intrinsic	$17.83	-42.6%	$77.17	+139.8%
Earnings Power Value	Intrinsic	$2.82	-91.1%	—	—
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$24.90	-19.9%	$37.81	+41.9%
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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KMI vs SMC — Which Stock Is More Undervalued?

KMI scores higher with a 8.0/10 quality rating vs SMC's 4.5/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Kinder Morgan, Inc. (KMI) and Summit Midstream Corporation (SMC) 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.

KMI currently trades at $31.08 with a QOC of 8.0/10, while SMC trades at $26.65 with a QOC of 4.5/10.

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).