Is NL or TROX more undervalued in 2026?

CirclFi compares NL Industries, Inc. (NL) and Tronox Holdings plc (TROX) using 13 institutional-grade valuation models. NL has a Quality of Company score of 6.8/10 while TROX scores 6.3/10.

Which is a better buy — NL or TROX?

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 NL and TROX valuations compare?

NL at $6.07 and TROX at $7.95 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

NL vs TROX Valuation Comparison 2026 — Intrinsic Value Analysis

NL

Industrial Inorganic Chemicals

NL Industries, Inc.

Quality

6.8

out of 10

Value Trap

—

Price

$6.07

Last close

Models

12/13

Active

TROX

Industrial Inorganic Chemicals

Tronox Holdings plc

Quality

6.3

out of 10

Value Trap

SAFE

Price

$7.95

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	NL Fair Value	NL Upside	TROX Fair Value	TROX Upside
Bayesian DCF	Intrinsic	$3.98	-34.4%	$2.38	-70.1%
Earnings Power Value	Intrinsic	$2.64	-56.5%	—	—
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$5.18	-14.7%	$34.21	+330.3%
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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NL vs TROX — Which Stock Is More Undervalued?

NL scores higher with a 6.8/10 quality rating vs TROX's 6.3/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing NL Industries, Inc. (NL) and Tronox Holdings plc (TROX) 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.

NL currently trades at $6.07 with a QOC of 6.8/10, while TROX trades at $7.95 with a QOC of 6.3/10.

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).