Is TLSA or TOVX more undervalued in 2026?

CirclFi compares Tiziana Life Sciences Ltd (TLSA) and Theriva Biologics, Inc. (TOVX) using 13 institutional-grade valuation models. TLSA has a Quality of Company score of 1.7/10 while TOVX scores 4.0/10.

Which is a better buy — TLSA or TOVX?

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 TLSA and TOVX valuations compare?

TLSA at $1.41 and TOVX at $0.28 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

TLSA vs TOVX Valuation Comparison 2026 — Intrinsic Value Analysis

TLSA

Pharmaceutical Preparations

Tiziana Life Sciences Ltd

Quality

1.7

out of 10

Value Trap

—

Price

$1.41

Last close

Models

7/13

Active

TOVX

Pharmaceutical Preparations

Theriva Biologics, Inc.

Quality

4.0

out of 10

Value Trap

LOW

Price

$0.28

Last close

Models

8/13

Active

Model-by-Model Comparison

Model	Type	TLSA Fair Value	TLSA Upside	TOVX Fair Value	TOVX Upside
Bayesian DCF	Intrinsic	$0.43	-69.8%	$0.23	-18.8%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$0.12	-91.7%	$0.05	-87.6%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$1.41	+0.3%	$0.72	+152.3%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%

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TLSA vs TOVX — Which Stock Is More Undervalued?

TOVX scores higher with a 4.0/10 quality rating vs TLSA's 1.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Tiziana Life Sciences Ltd (TLSA) and Theriva Biologics, Inc. (TOVX) 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.

TLSA currently trades at $1.41 with a QOC of 1.7/10, while TOVX trades at $0.28 with a QOC of 4.0/10.

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).