Is TONX or UPXI more undervalued in 2026?

CirclFi compares TON Strategy Company (TONX) and Upexi, Inc. (UPXI) using 13 institutional-grade valuation models. TONX has a Quality of Company score of 4.8/10 while UPXI scores 4.6/10.

Which is a better buy — TONX or UPXI?

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 TONX and UPXI valuations compare?

TONX at $3.98 and UPXI at $1.19 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

TONX vs UPXI Valuation Comparison 2026 — Intrinsic Value Analysis

TONX

Finance Services

TON Strategy Company

Quality

4.8

out of 10

Value Trap

LOW

Price

$3.98

Last close

Models

11/13

Active

UPXI

Finance Services

Upexi, Inc.

Quality

4.6

out of 10

Value Trap

LOW

Price

$1.19

Last close

Models

9/13

Active

Model-by-Model Comparison

Model	Type	TONX Fair Value	TONX Upside	UPXI Fair Value	UPXI Upside
Bayesian DCF	Intrinsic	$1.22	-69.3%	$0.40	-70.5%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$3.50	-12.0%	$0.96	-19.1%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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TONX vs UPXI — Which Stock Is More Undervalued?

TONX scores higher with a 4.8/10 quality rating vs UPXI's 4.6/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing TON Strategy Company (TONX) and Upexi, Inc. (UPXI) 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.

TONX currently trades at $3.98 with a QOC of 4.8/10, while UPXI trades at $1.19 with a QOC of 4.6/10.

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).