Is SRFM or ULCC more undervalued in 2026?

CirclFi compares Surf Air Mobility Inc. (SRFM) and Frontier Group Holdings, Inc. (ULCC) using 13 institutional-grade valuation models. SRFM has a Quality of Company score of 4.8/10 while ULCC scores 6.0/10.

Which is a better buy — SRFM or ULCC?

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 SRFM and ULCC valuations compare?

SRFM at $1.29 and ULCC at $5.79 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

SRFM vs ULCC Valuation Comparison 2026 — Intrinsic Value Analysis

SRFM

Airlines

Surf Air Mobility Inc.

Quality

4.8

out of 10

Value Trap

SAFE

Price

$1.29

Last close

Models

7/13

Active

ULCC

Airlines

Frontier Group Holdings, Inc.

Quality

6.0

out of 10

Value Trap

SAFE

Price

$5.79

Last close

Models

8/13

Active

Model-by-Model Comparison

Model	Type	SRFM Fair Value	SRFM Upside	ULCC Fair Value	ULCC Upside
Bayesian DCF	Intrinsic	$0.23	-81.8%	$1.38	-66.0%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$0.05	-95.5%	$1.08	-81.3%
PWERM	Option-Based	$2.69	+108.7%	$17.94	+209.8%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%

🔒

Unlock Full 13-Model Comparison

Access all valuation models for SRFM vs ULCC — including EROIC Spread, First Chicago, Markov DDM, PWERM, and 7 more.

Access Full Analysis — From $27/mo →

SRFM vs ULCC — Which Stock Is More Undervalued?

ULCC scores higher with a 6.0/10 quality rating vs SRFM's 4.8/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Surf Air Mobility Inc. (SRFM) and Frontier Group Holdings, Inc. (ULCC) 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.

SRFM currently trades at $1.29 with a QOC of 4.8/10, while ULCC trades at $5.79 with a QOC of 6.0/10.

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).