Is TARS or TBPH more undervalued in 2026?

CirclFi compares Tarsus Pharmaceuticals, Inc. (TARS) and Theravance Biopharma, Inc. (TBPH) using 13 institutional-grade valuation models. TARS has a Quality of Company score of 6.2/10 while TBPH scores 8.4/10.

Which is a better buy — TARS or TBPH?

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 TARS and TBPH valuations compare?

TARS at $59.54 and TBPH at $16.21 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

TARS vs TBPH Valuation Comparison 2026 — Intrinsic Value Analysis

TARS

Biotechnology

Tarsus Pharmaceuticals, Inc.

Quality

6.2

out of 10

Value Trap

SAFE

Price

$59.54

Last close

Models

12/13

Active

TBPH

Biotechnology

Theravance Biopharma, Inc.

Quality

8.4

out of 10

Value Trap

SAFE

Price

$16.21

Last close

Models

10/13

Active

Model-by-Model Comparison

Model	Type	TARS Fair Value	TARS Upside	TBPH Fair Value	TBPH Upside
Bayesian DCF	Intrinsic	$12.81	-78.5%	—	—
Earnings Power Value	Intrinsic	$27.01	-56.0%	$10.88	-35.2%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$15.67	-75.3%	$4.67	-71.2%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%

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TARS vs TBPH — Which Stock Is More Undervalued?

TBPH scores higher with a 8.4/10 quality rating vs TARS's 6.2/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Tarsus Pharmaceuticals, Inc. (TARS) and Theravance Biopharma, Inc. (TBPH) 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.

TARS currently trades at $59.54 with a QOC of 6.2/10, while TBPH trades at $16.21 with a QOC of 8.4/10.

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).