Is NML or NOAH more undervalued in 2026?

CirclFi compares 1525 (NML) and Noah Holdings Limited (NOAH) using 13 institutional-grade valuation models. NML has a Quality of Company score of 1.8/10 while NOAH scores 8.2/10.

Which is a better buy — NML or NOAH?

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 NML and NOAH valuations compare?

NML at $9.96 and NOAH at $10.38 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

NML vs NOAH Valuation Comparison 2026 — Intrinsic Value Analysis

NML

Asset Management

1525

Quality

1.8

out of 10

Value Trap

—

Price

$9.96

Last close

Models

6/13

Active

NOAH

Asset Management

Noah Holdings Limited

Quality

8.2

out of 10

Value Trap

LOW

Price

$10.38

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	NML Fair Value	NML Upside	NOAH Fair Value	NOAH Upside
Bayesian DCF	Intrinsic	$2.64	-73.5%	$24.67	+137.7%
Earnings Power Value	Intrinsic	—	—	$22.47	+116.4%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$6.29	-36.8%	—	—
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	$•••.••	••.•%	$•••.••	••.•%

🔒

Unlock Full 13-Model Comparison

Access all valuation models for NML vs NOAH — including EROIC Spread, First Chicago, Markov DDM, PWERM, and 7 more.

Access Full Analysis — From $27/mo →

NML vs NOAH — Which Stock Is More Undervalued?

NOAH scores higher with a 8.2/10 quality rating vs NML's 1.8/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing 1525 (NML) and Noah Holdings Limited (NOAH) 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.

NML currently trades at $9.96 with a QOC of 1.8/10, while NOAH trades at $10.38 with a QOC of 8.2/10.

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).