Is MLM or SND more undervalued in 2026?

CirclFi compares Martin Marietta Materials, Inc. (MLM) and Smart Sand, Inc. (SND) using 13 institutional-grade valuation models. MLM has a Quality of Company score of 7.6/10 while SND scores 7.9/10.

Which is a better buy — MLM or SND?

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 SND valuations compare?

MLM at $581.64 and SND at $4.29 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

MLM vs SND Valuation Comparison 2026 — Intrinsic Value Analysis

MLM

Mining & Quarrying of Nonmetallic Minerals (No Fuels)

Martin Marietta Materials, Inc.

Quality

7.6

out of 10

Value Trap

SAFE

Price

$581.64

Last close

Models

13/13

Active

SND

Mining & Quarrying of Nonmetallic Minerals (No Fuels)

Smart Sand, Inc.

Quality

7.9

out of 10

Value Trap

—

Price

$4.29

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	MLM Fair Value	MLM Upside	SND Fair Value	SND Upside
Bayesian DCF	Intrinsic	$157.06	-73.0%	$5.60	+30.5%
Earnings Power Value	Intrinsic	$62.04	-89.9%	—	—
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$199.62	-65.7%	$2.77	-35.4%
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 SND — Which Stock Is More Undervalued?

SND scores higher with a 7.9/10 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 Smart Sand, Inc. (SND) 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 $581.64 with a QOC of 7.6/10, while SND trades at $4.29 with a QOC of 7.9/10.

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).