Is TREX or WMS more undervalued in 2026?

CirclFi compares Trex Company, Inc. (TREX) and Advanced Drainage Systems, Inc. (WMS) using 13 institutional-grade valuation models. TREX has a Quality of Company score of 9.5/10 while WMS scores 10.0/10.

Which is a better buy — TREX or WMS?

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 TREX and WMS valuations compare?

TREX at $42.39 and WMS at $140.05 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

TREX vs WMS Valuation Comparison 2026 — Intrinsic Value Analysis

TREX

Building Products & Equipment

Trex Company, Inc.

Quality

9.5

out of 10

Value Trap

SAFE

Price

$42.39

Last close

Models

13/13

Active

WMS

Building Products & Equipment

Advanced Drainage Systems, Inc.

Quality

10.0

out of 10

Value Trap

SAFE

Price

$140.05

Last close

Models

13/13

Active

Model-by-Model Comparison

Model	Type	TREX Fair Value	TREX Upside	WMS Fair Value	WMS Upside
Bayesian DCF	Intrinsic	$5.38	-87.3%	$136.80	-2.3%
Earnings Power Value	Intrinsic	$15.39	-63.7%	$61.67	-56.0%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
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	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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TREX vs WMS — Which Stock Is More Undervalued?

WMS scores higher with a 10.0/10 quality rating vs TREX's 9.5/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Trex Company, Inc. (TREX) and Advanced Drainage Systems, Inc. (WMS) 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.

TREX currently trades at $42.39 with a QOC of 9.5/10, while WMS trades at $140.05 with a QOC of 10.0/10.

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).