Is LAZ or MATH more undervalued in 2026?

CirclFi compares Lazard, Inc. (LAZ) and Metalpha Technology Holding Lim (MATH) using 13 institutional-grade valuation models. LAZ has a Quality of Company score of 8.1/10 while MATH scores 1.9/10.

Which is a better buy — LAZ or MATH?

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 LAZ and MATH valuations compare?

LAZ at $48.93 and MATH at $1.05 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

LAZ vs MATH Valuation Comparison 2026 — Intrinsic Value Analysis

LAZ

Capital Markets

Lazard, Inc.

Quality

8.1

out of 10

Value Trap

SAFE

Price

$48.93

Last close

Models

12/13

Active

MATH

Capital Markets

Metalpha Technology Holding Lim

Quality

1.9

out of 10

Value Trap

—

Price

$1.05

Last close

Models

10/13

Active

Model-by-Model Comparison

Model	Type	LAZ Fair Value	LAZ Upside	MATH Fair Value	MATH Upside
Bayesian DCF	Intrinsic	$66.93	+36.8%	$0.28	-73.5%
Earnings Power Value	Intrinsic	$10.50	-78.5%	—	—
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	$74.23	+51.7%	$0.12	-86.4%

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LAZ vs MATH — Which Stock Is More Undervalued?

LAZ scores higher with a 8.1/10 quality rating vs MATH's 1.9/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Lazard, Inc. (LAZ) and Metalpha Technology Holding Lim (MATH) 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.

LAZ currently trades at $48.93 with a QOC of 8.1/10, while MATH trades at $1.05 with a QOC of 1.9/10.

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).