Is MIRM or MIST more undervalued in 2026?

CirclFi compares Mirum Pharmaceuticals, Inc. (MIRM) and Milestone Pharmaceuticals Inc. (MIST) using 13 institutional-grade valuation models. MIRM has a Quality of Company score of 7.1/10 while MIST scores 3.6/10.

Which is a better buy — MIRM or MIST?

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 MIRM and MIST valuations compare?

MIRM at $99.60 and MIST at $1.44 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

MIRM vs MIST Valuation Comparison 2026 — Intrinsic Value Analysis

MIRM

Biotechnology

Mirum Pharmaceuticals, Inc.

Quality

7.1

out of 10

Value Trap

SAFE

Price

$99.60

Last close

Models

13/13

Active

MIST

Biotechnology

Milestone Pharmaceuticals Inc.

Quality

3.6

out of 10

Value Trap

LOW

Price

$1.44

Last close

Models

7/13

Active

Model-by-Model Comparison

Model	Type	MIRM Fair Value	MIRM Upside	MIST Fair Value	MIST Upside
Bayesian DCF	Intrinsic	$15.18	-84.8%	$0.50	-65.3%
Earnings Power Value	Intrinsic	$48.67	-46.8%	—	—
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$0.28	-99.7%	$0.23	-83.7%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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MIRM vs MIST — Which Stock Is More Undervalued?

MIRM scores higher with a 7.1/10 quality rating vs MIST's 3.6/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Mirum Pharmaceuticals, Inc. (MIRM) and Milestone Pharmaceuticals Inc. (MIST) 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.

MIRM currently trades at $99.60 with a QOC of 7.1/10, while MIST trades at $1.44 with a QOC of 3.6/10.

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).