Is NINE or RCON more undervalued in 2026?

CirclFi compares Nine Energy Service, Inc. (NINE) and Recon Technology, Ltd. (RCON) using 13 institutional-grade valuation models. NINE has a Quality of Company score of 6.6/10 while RCON scores 5.7/10.

Which is a better buy — NINE or RCON?

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 NINE and RCON valuations compare?

NINE at $10.24 and RCON at $0.59 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

NINE vs RCON Valuation Comparison 2026 — Intrinsic Value Analysis

NINE

Oil & Gas Field Services, NEC

Nine Energy Service, Inc.

Quality

6.6

out of 10

Value Trap

LOW

Price

$10.24

Last close

Models

11/13

Active

RCON

Oil & Gas Field Services, NEC

Recon Technology, Ltd.

Quality

5.7

out of 10

Value Trap

LOW

Price

$0.59

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	NINE Fair Value	NINE Upside	RCON Fair Value	RCON Upside
Bayesian DCF	Intrinsic	$6.99	-31.7%	$0.24	-59.3%
Earnings Power Value	Intrinsic	—	—	$2.01	+122.8%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$44.45	+334.1%	$0.15	-75.1%
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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NINE vs RCON — Which Stock Is More Undervalued?

NINE scores higher with a 6.6/10 quality rating vs RCON's 5.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Nine Energy Service, Inc. (NINE) and Recon Technology, Ltd. (RCON) 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.

NINE currently trades at $10.24 with a QOC of 6.6/10, while RCON trades at $0.59 with a QOC of 5.7/10.

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).