Is TXNM or WAVE more undervalued in 2026?

CirclFi compares TXNM Energy, Inc. (TXNM) and Eco Wave Power Global AB (publ) (WAVE) using 13 institutional-grade valuation models. TXNM has a Quality of Company score of 8.0/10 while WAVE scores 1.7/10.

Which is a better buy — TXNM or WAVE?

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 TXNM and WAVE valuations compare?

TXNM at $59.21 and WAVE at $8.82 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

TXNM vs WAVE Valuation Comparison 2026 — Intrinsic Value Analysis

TXNM

Electric Services

TXNM Energy, Inc.

Quality

8.0

out of 10

Value Trap

SAFE

Price

$59.21

Last close

Models

10/13

Active

WAVE

Electric Services

Eco Wave Power Global AB (publ)

Quality

1.7

out of 10

Value Trap

—

Price

$8.82

Last close

Models

6/13

Active

Model-by-Model Comparison

Model	Type	TXNM Fair Value	TXNM Upside	WAVE Fair Value	WAVE Upside
Bayesian DCF	Intrinsic	$20.74	-65.0%	$2.12	-75.9%
EROIC Spread	Intrinsic	$16.57	-72.0%	—	—
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$56.64	-4.3%	$0.09	-98.9%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%

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TXNM vs WAVE — Which Stock Is More Undervalued?

TXNM scores higher with a 8.0/10 quality rating vs WAVE's 1.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing TXNM Energy, Inc. (TXNM) and Eco Wave Power Global AB (publ) (WAVE) 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.

TXNM currently trades at $59.21 with a QOC of 8.0/10, while WAVE trades at $8.82 with a QOC of 1.7/10.

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).