Is SMHI or TOPS more undervalued in 2026?

CirclFi compares SEACOR Marine Holdings Inc. (SMHI) and TOP Ships, Inc. (TOPS) using 13 institutional-grade valuation models. SMHI has a Quality of Company score of 6.1/10 while TOPS scores 1.5/10.

Which is a better buy — SMHI or TOPS?

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 SMHI and TOPS valuations compare?

SMHI at $7.55 and TOPS at $0.90 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

SMHI vs TOPS Valuation Comparison 2026 — Intrinsic Value Analysis

SMHI

Deep Sea Foreign Transportation of Freight

SEACOR Marine Holdings Inc.

Quality

6.1

out of 10

Value Trap

SAFE

Price

$7.55

Last close

Models

10/13

Active

TOPS

Deep Sea Foreign Transportation of Freight

TOP Ships, Inc.

Quality

1.5

out of 10

Value Trap

SAFE

Price

$0.90

Last close

Models

3/13

Active

Model-by-Model Comparison

Model	Type	SMHI Fair Value	SMHI Upside	TOPS Fair Value	TOPS Upside
Bayesian DCF	Intrinsic	—	—	$0.38	-57.7%
Earnings Power Value	Intrinsic	—	—	$4.23	+96.7%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$31.12	+312.2%	—	—
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$1.80	-76.1%	—	—
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%

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SMHI vs TOPS — Which Stock Is More Undervalued?

SMHI scores higher with a 6.1/10 quality rating vs TOPS's 1.5/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing SEACOR Marine Holdings Inc. (SMHI) and TOP Ships, Inc. (TOPS) 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.

SMHI currently trades at $7.55 with a QOC of 6.1/10, while TOPS trades at $0.90 with a QOC of 1.5/10.

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).