Is MDU or TECK more undervalued in 2026?

CirclFi compares MDU Resources Group, Inc. (MDU) and Teck Resources Ltd (TECK) using 13 institutional-grade valuation models. MDU has a Quality of Company score of 6.2/10 while TECK scores 7.3/10.

Which is a better buy — MDU or TECK?

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 MDU and TECK valuations compare?

MDU at $21.08 and TECK at $66.16 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

MDU vs TECK Valuation Comparison 2026 — Intrinsic Value Analysis

MDU

Mining & Quarrying of Nonmetallic Minerals (No Fuels)

MDU Resources Group, Inc.

Quality

6.2

out of 10

Value Trap

SAFE

Price

$21.08

Last close

Models

12/13

Active

TECK

Mining & Quarrying of Nonmetallic Minerals (No Fuels)

Teck Resources Ltd

Quality

7.3

out of 10

Value Trap

—

Price

$66.16

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	MDU Fair Value	MDU Upside	TECK Fair Value	TECK Upside
Bayesian DCF	Intrinsic	—	—	$22.70	-65.7%
Earnings Power Value	Intrinsic	$7.95	-64.8%	$17.95	-72.9%
EROIC Spread	Intrinsic	$8.10	-61.6%	$25.28	-61.8%
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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MDU vs TECK — Which Stock Is More Undervalued?

TECK scores higher with a 7.3/10 quality rating vs MDU's 6.2/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing MDU Resources Group, Inc. (MDU) and Teck Resources Ltd (TECK) 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.

MDU currently trades at $21.08 with a QOC of 6.2/10, while TECK trades at $66.16 with a QOC of 7.3/10.

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).