Is SKYH or TRNO more undervalued in 2026?

CirclFi compares Sky Harbour Group Corporation (SKYH) and Terreno Realty Corporation (TRNO) using 13 institutional-grade valuation models. SKYH has a Quality of Company score of 5.1/10 while TRNO scores 3.7/10.

Which is a better buy — SKYH or TRNO?

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 SKYH and TRNO valuations compare?

SKYH at $9.39 and TRNO at $65.69 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

SKYH vs TRNO Valuation Comparison 2026 — Intrinsic Value Analysis

SKYH

Real Estate

Sky Harbour Group Corporation

Quality

5.1

out of 10

Value Trap

SAFE

Price

$9.39

Last close

Models

8/13

Active

TRNO

Real Estate

Terreno Realty Corporation

Quality

3.7

out of 10

Value Trap

SAFE

Price

$65.69

Last close

Models

13/13

Active

Model-by-Model Comparison

Model	Type	SKYH Fair Value	SKYH Upside	TRNO Fair Value	TRNO Upside
Bayesian DCF	Intrinsic	$0.25	-97.6%	$16.35	-75.1%
Earnings Power Value	Intrinsic	—	—	$24.71	-62.1%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$0.45	-95.2%	$55.99	-14.8%
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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SKYH vs TRNO — Which Stock Is More Undervalued?

SKYH scores higher with a 5.1/10 quality rating vs TRNO's 3.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Sky Harbour Group Corporation (SKYH) and Terreno Realty Corporation (TRNO) 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.

SKYH currently trades at $9.39 with a QOC of 5.1/10, while TRNO trades at $65.69 with a QOC of 3.7/10.

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).