Is PTNM or RAY more undervalued in 2026?

CirclFi compares Pitanium Limited (PTNM) and Raytech Holding Limited (RAY) using 13 institutional-grade valuation models. PTNM has a Quality of Company score of 5.5/10 while RAY scores 8.2/10.

Which is a better buy — PTNM or RAY?

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 PTNM and RAY valuations compare?

PTNM at $10.39 and RAY at $3.41 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

PTNM vs RAY Valuation Comparison 2026 — Intrinsic Value Analysis

PTNM

Household & Personal Products

Pitanium Limited

Quality

5.5

out of 10

Value Trap

—

Price

$10.39

Last close

Models

12/13

Active

RAY

Household & Personal Products

Raytech Holding Limited

Quality

8.2

out of 10

Value Trap

SAFE

Price

$3.41

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	PTNM Fair Value	PTNM Upside	RAY Fair Value	RAY Upside
Bayesian DCF	Intrinsic	$2.85	-72.6%	$6.19	+81.5%
Earnings Power Value	Intrinsic	$1.13	-89.1%	$6.13	+79.7%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
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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PTNM vs RAY — Which Stock Is More Undervalued?

RAY scores higher with a 8.2/10 quality rating vs PTNM's 5.5/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Pitanium Limited (PTNM) and Raytech Holding Limited (RAY) 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.

PTNM currently trades at $10.39 with a QOC of 5.5/10, while RAY trades at $3.41 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).