Is LX or MATH more undervalued in 2026?

CirclFi compares LexinFintech Holdings Ltd. (LX) and Metalpha Technology Holding Lim (MATH) using 13 institutional-grade valuation models. LX has a Quality of Company score of 8.8/10 while MATH scores 1.9/10.

Which is a better buy — LX 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 LX and MATH valuations compare?

LX at $2.20 and MATH at $1.05 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

LX vs MATH Valuation Comparison 2026 — Intrinsic Value Analysis

LX

Finance Services

LexinFintech Holdings Ltd.

Quality

8.8

out of 10

Value Trap

LOW

Price

$2.20

Last close

Models

4/13

Active

MATH

Finance Services

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	LX Fair Value	LX Upside	MATH Fair Value	MATH Upside
Bayesian DCF	Intrinsic	—	—	$0.23	-77.7%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$2.51	+14.0%	$0.43	-59.3%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$4.94	+124.6%	$0.03	-96.8%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	—	—	$0.12	-86.4%

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LX vs MATH — Which Stock Is More Undervalued?

LX scores higher with a 8.8/10 quality rating vs MATH's 1.9/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing LexinFintech Holdings Ltd. (LX) 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.

LX currently trades at $2.20 with a QOC of 8.8/10, 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).