Is PRT or REI more undervalued in 2026?

CirclFi compares PermRock Royalty Trust (PRT) and Ring Energy, Inc. (REI) using 13 institutional-grade valuation models. PRT has a Quality of Company score of 1.9/10 while REI scores 6.0/10.

Which is a better buy — PRT or REI?

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 PRT and REI valuations compare?

PRT at $2.01 and REI at $1.29 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

PRT vs REI Valuation Comparison 2026 — Intrinsic Value Analysis

PRT

Crude Petroleum & Natural Gas

PermRock Royalty Trust

Quality

1.9

out of 10

Value Trap

—

Price

$2.01

Last close

Models

9/13

Active

REI

Crude Petroleum & Natural Gas

Ring Energy, Inc.

Quality

6.0

out of 10

Value Trap

LOW

Price

$1.29

Last close

Models

10/13

Active

Model-by-Model Comparison

Model	Type	PRT Fair Value	PRT Upside	REI Fair Value	REI Upside
Bayesian DCF	Intrinsic	$0.60	-70.0%	$5.52	+328.1%
Earnings Power Value	Intrinsic	—	—	$3.43	+73.2%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$2.45	+21.8%	—	—
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%

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PRT vs REI — Which Stock Is More Undervalued?

REI scores higher with a 6.0/10 quality rating vs PRT's 1.9/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing PermRock Royalty Trust (PRT) and Ring Energy, Inc. (REI) 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.

PRT currently trades at $2.01 with a QOC of 1.9/10, while REI trades at $1.29 with a QOC of 6.0/10.

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).