RLAY vs RLMD

Relay Therapeutics, Inc. vs Relmada Therapeutics, Inc. — Valuation Comparison 2026

By CirclFi Research Team · Updated 2026-06-03 · Data from SEC EDGAR, FRED & GDELT

Quick Summary — RLAY scores higher on quality with 6.0/10 vs RLMD's 4.4/10. RLAY trades at $15.70 while RLMD trades at $6.42. Both analyzed daily using SEC EDGAR data across 13 institutional models.

RLAY

Biotechnology
Relay Therapeutics, Inc.
Quality
6.0
out of 10
Value Trap
18
SAFE
Price
$15.70
Last close
Models
12/13
Active
VS

RLMD

Biotechnology
Relmada Therapeutics, Inc.
Quality
4.4
out of 10
Value Trap
24
SAFE
Price
$6.42
Last close
Models
7/13
Active
RLAY
2 models active
Limited to 2/13 visible models
RLMD
2 models active
Quality 4.4/10 — below average

RLAY vs RLMD — Fair Value Comparison

RLAY
$0$6$12$19 Price$15.70 Bayesian …$5.14 (-67.3%) Earnings …$7.19 (-52.5%)
RLMD
$0$3$5$8 Price$6.42 Bayesian …$1.73 (-73.0%) Dynamic N…$1.53 (-76.2%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType RLAY Fair ValueRLAY Upside RLMD Fair ValueRLMD Upside
Bayesian DCF Intrinsic $5.14 -67.3% $1.73 -73.0%
Earnings Power Value Intrinsic $7.19 -52.5%
EROIC Spread Intrinsic $•••.•• ••.•% $•••.•• ••.•%
First Chicago Scenario $•••.•• ••.•% $•••.•• ••.•%
Markov DDM Intrinsic $•••.•• ••.•% $•••.•• ••.•%
ML-RIV Intrinsic $•••.•• ••.•% $•••.•• ••.•%
Dynamic NAV Asset-Based $3.48 -77.8% $1.53 -76.2%
PWERM Option-Based $•••.•• ••.•% $•••.•• ••.•%
Regime Cross-Sectional Relative $•••.•• ••.•% $•••.•• ••.•%
Sentiment SOTP Hybrid $•••.•• ••.•% $•••.•• ••.•%
CUCE Ensemble Ensemble $•••.•• ••.•% $•••.•• ••.•%
FTNN Topology Relative $•••.•• ••.•% $•••.•• ••.•%

RLAY vs RLMD — Which Stock Is More Undervalued in 2026?

RLAY scores higher with a 6.0/10 quality rating vs RLMD's 4.4/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do RLAY and RLMD Valuations Compare?

At $15.70, RLAY trades +67.3% above its Bayesian DCF fair value of $5.14, while RLMD at $6.42 trades +73.0% above its estimate of $1.73. RLMD shows a wider gap between price and intrinsic value.

Quality of Company: RLAY vs RLMD

RLAY earns a Quality of Company score of 6.0/10 compared to RLMD's 4.4/10. This moderate difference suggests one company has an edge in fundamental quality, though both may offer investment merit depending on valuation. The QOC score synthesizes 32 signals spanning profitability margins, revenue growth, free cash flow, capital allocation, and leverage.

Value Trap Risk: RLAY vs RLMD

RLAY carries a SAFE value trap risk (18/100) while RLMD shows SAFE risk (24/100). Both companies show manageable value trap risk, suggesting their current valuations are not artificially depressed by fundamental deterioration.

Both in Biotechnology

Both RLAY and RLMD operate in Biotechnology, which has 566 stocks tracked by CirclFi. Same-industry comparisons provide the most direct insight into relative valuation since both companies face similar regulatory environments, market dynamics, and competitive pressures. 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), and ensemble methods (CUCE).

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