Is PTN or PULM more undervalued in 2026?

CirclFi compares Palatin Technologies, Inc. Common Stock (PTN) and Pulmatrix, Inc. (PULM) using 13 institutional-grade valuation models. PTN has a Quality of Company score of 5.7/10 while PULM scores 5.6/10.

Which is a better buy — PTN or PULM?

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 PTN and PULM valuations compare?

PTN at $14.02 and PULM at $1.39 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

PTN vs PULM Valuation Comparison 2026 — Intrinsic Value Analysis

PTN

Pharmaceutical Preparations

Palatin Technologies, Inc. Common Stock

Quality

5.7

out of 10

Value Trap

LOW

Price

$14.02

Last close

Models

9/13

Active

PULM

Pharmaceutical Preparations

Pulmatrix, Inc.

Quality

5.6

out of 10

Value Trap

SAFE

Price

$1.39

Last close

Models

9/13

Active

Model-by-Model Comparison

Model	Type	PTN Fair Value	PTN Upside	PULM Fair Value	PULM Upside
Bayesian DCF	Intrinsic	$5.85	-58.3%	$0.84	-39.7%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$27.14	+93.6%	$3.25	+133.5%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%

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PTN vs PULM — Which Stock Is More Undervalued?

PTN scores higher with a 5.7/10 quality rating vs PULM's 5.6/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Palatin Technologies, Inc. Common Stock (PTN) and Pulmatrix, Inc. (PULM) 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.

PTN currently trades at $14.02 with a QOC of 5.7/10, while PULM trades at $1.39 with a QOC of 5.6/10.

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).