Is MLM or SMID more undervalued in 2026?

CirclFi compares Martin Marietta Materials, Inc. (MLM) and Smith-Midland Corporation (SMID) using 13 institutional-grade valuation models. MLM has a Quality of Company score of 7.6/10 while SMID scores 9.7/10.

Which is a better buy — MLM or SMID?

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 MLM and SMID valuations compare?

MLM at $575.14 and SMID at $32.42 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

MLM vs SMID Valuation Comparison 2026 — Intrinsic Value Analysis

MLM

Building Materials

Martin Marietta Materials, Inc.

Quality

7.6

out of 10

Value Trap

SAFE

Price

$575.14

Last close

Models

13/13

Active

SMID

Building Materials

Smith-Midland Corporation

Quality

9.7

out of 10

Value Trap

SAFE

Price

$32.42

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	MLM Fair Value	MLM Upside	SMID Fair Value	SMID Upside
Bayesian DCF	Intrinsic	$155.50	-73.0%	$8.94	-72.4%
Earnings Power Value	Intrinsic	$62.04	-89.9%	$12.39	-61.8%
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	$•••.••	••.•%	$•••.••	••.•%

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MLM vs SMID — Which Stock Is More Undervalued?

SMID scores higher with a 9.7/10 quality rating vs MLM's 7.6/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Martin Marietta Materials, Inc. (MLM) and Smith-Midland Corporation (SMID) 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.

MLM currently trades at $575.14 with a QOC of 7.6/10, while SMID trades at $32.42 with a QOC of 9.7/10.

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).