Is TAC or TXNM more undervalued in 2026?

CirclFi compares TransAlta Corporation (TAC) and TXNM Energy, Inc. (TXNM) using 13 institutional-grade valuation models. TAC has a Quality of Company score of 5.5/10 while TXNM scores 8.0/10.

Which is a better buy — TAC or TXNM?

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 TAC and TXNM valuations compare?

TAC at $14.22 and TXNM at $59.21 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

TAC vs TXNM Valuation Comparison 2026 — Intrinsic Value Analysis

TAC

Electric Services

TransAlta Corporation

Quality

5.5

out of 10

Value Trap

SAFE

Price

$14.22

Last close

Models

12/13

Active

TXNM

Electric Services

TXNM Energy, Inc.

Quality

8.0

out of 10

Value Trap

SAFE

Price

$59.21

Last close

Models

10/13

Active

Model-by-Model Comparison

Model	Type	TAC Fair Value	TAC Upside	TXNM Fair Value	TXNM Upside
Bayesian DCF	Intrinsic	$6.12	-57.0%	$20.74	-65.0%
Earnings Power Value	Intrinsic	$9.34	-34.3%	—	—
EROIC Spread	Intrinsic	$1.80	-87.3%	$16.57	-72.0%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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TAC vs TXNM — Which Stock Is More Undervalued?

TXNM scores higher with a 8.0/10 quality rating vs TAC's 5.5/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing TransAlta Corporation (TAC) and TXNM Energy, Inc. (TXNM) 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.

TAC currently trades at $14.22 with a QOC of 5.5/10, while TXNM trades at $59.21 with a QOC of 8.0/10.

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).