Is XP or ZBAI more undervalued in 2026?

CirclFi compares XP Inc. (XP) and ATIF Holdings Limited (ZBAI) using 13 institutional-grade valuation models. XP has a Quality of Company score of 2.0/10 while ZBAI scores 2.3/10.

Which is a better buy — XP or ZBAI?

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 XP and ZBAI valuations compare?

XP at $16.96 and ZBAI at $8.95 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

XP vs ZBAI Valuation Comparison 2026 — Intrinsic Value Analysis

XP

Capital Markets

XP Inc.

Quality

2.0

out of 10

Value Trap

—

Price

$16.96

Last close

Models

11/13

Active

ZBAI

Capital Markets

ATIF Holdings Limited

Quality

2.3

out of 10

Value Trap

—

Price

$8.95

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	XP Fair Value	XP Upside	ZBAI Fair Value	ZBAI Upside
Bayesian DCF	Intrinsic	$5.01	-70.5%	$2.37	-73.5%
Earnings Power Value	Intrinsic	$8.95	-54.7%	$0.44	-94.7%
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	$•••.••	••.•%	$•••.••	••.•%

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XP vs ZBAI — Which Stock Is More Undervalued?

ZBAI scores higher with a 2.3/10 quality rating vs XP's 2.0/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing XP Inc. (XP) and ATIF Holdings Limited (ZBAI) 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.

XP currently trades at $16.96 with a QOC of 2.0/10, while ZBAI trades at $8.95 with a QOC of 2.3/10.

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).