Cameco Corporation (CCJ) Fair Value 2026

CCJ · Uranium ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

8.4 /10

32 fundamental signals · 7 models active

Value Trap Risk

SAFE (12/100)

Quick Summary — As of 2026-08-27, Cameco Corporation (CCJ) trades at $106.33, versus a $15.31 median fair value across its 7 active models — 85.6% below the current price. QOC: 8.4/10. Value Trap Risk: 12/100 (SAFE). 7/13 models active. Within that set, the Bayesian DCF component alone returns $30.84.

Key Facts

Ticker
CCJ
Price
$106.33
Quality Score
8.4/10
Value Trap Risk
12/100
Models Active
7/13
Last Updated
Strength: Quality Score of 8.4/10 indicates strong fundamentals
Risk: Majority of models suggest overvaluation

Is Cameco Corporation (CCJ) Undervalued or Overvalued in 2026?

According to CirclFi’s 7-model valuation engine, Cameco Corporation (CCJ) appears overvalued as of : the median of 7 independent fair value estimates is $15.31, 85.6% below the current price of $106.33. Estimates range from $2.48 to $30.84. CCJ scores 8.4/10 on fundamental quality and 12/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.7% versus its own 13-model consensus, across 3,801 rated companies as of 2026-08-27. CCJ’s -85.6% gap is wider than that market norm. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy Cameco Corporation Stock in 2026? →

What Fair Value Does Each Model Give CCJ?

7 Intrinsic Value Models vs. Current Price ($106.33)

Core Models (Unlocked)
Model Fair Value Upside
Intrinsic · High Conviction
 $30.84 -71.0%
Intrinsic · High Conviction
 $2.48 -97.7%
Ensemble · Low Conviction
 $15.31 -85.6%
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What Is CCJ's Fair Value Range?

Spread across 7 independent models · $2.48 to $30.84

CirclFi's 7 active models place Cameco Corporation (CCJ) between $2.48 and $30.84 per share, a spread of 185% of the median. The median of that range — $15.31 — is the fair value CirclFi publishes for CCJ, against a current price of $106.33.

Low · EPVHigh · Bayesian DCF
$2.48median $15.31$30.84
Where the range comes from
Most bearish modelEarnings Power Value (EPV)$2.48
Most bullish modelBayesian DCF$30.84
Model agreement0 bullish · 7 bearishwide

A band this wide is itself the finding. When independent methods land far apart, they are reading a business whose value depends heavily on which lens you apply — volatile earnings, heavy reinvestment, or an asset base that cash-flow and asset-based methods score differently. That disagreement is information: it says the choice of method matters more than usual for CCJ. Treat the median as one reading among several and compare the individual models below before acting.

Every figure above is one model's standalone output on CCJ, not a CirclFi price target. How each model works →

What Is Cameco Corporation (CCJ) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, Cameco Corporation's intrinsic value is estimated at $15.31. Trading at its current price of $106.33, the valuation engine raises significant caution: 7 of 7 models flag downside risk, projecting a median implied return of -85.6%.

What Do the Models Say About CCJ?

7 of 13 models are currently active for CCJ. All 7 active models suggest the stock trades above fair value. Taken together, their median fair value for CCJ is $15.31 — the figure CirclFi publishes as this stock's fair value. One component of that median, the Bayesian DCF, returns $30.84 on its own, implying -71.0% downside from the current price. See which stocks rank higher →

How Does CCJ Rank in Uranium?

Among 12 Uranium stocks, CCJ ranks #1 by Quality of Company score. CirclFi's QOC score of 8.4/10 evaluates 32 fundamental signals. A score of 8.4 places CCJ in the top tier.

Cameco Corporation's positioning within the Uranium segment means that reserve replacement ratio plays an outsized role in fundamental analysis. The sector's unique characteristics — including commodity price environment — shape both the opportunity set and risk profile.

Is CCJ a Value Trap?

CirclFi's Value Trap algorithm assigns CCJ a score of 12/100 (SAFE). This indicates minimal risk. Fundamentals are healthy. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

7 of 13 models are active for Cameco Corporation. Moderate coverage provides meaningful perspective. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi Deep Alpha Valuation Engine, Cameco Corporation scores 8.4 out of 10 on our 32-signal quality assessment, a strong rating that demonstrates strong fundamentals across the majority of our quality signals. The QOC score synthesizes profitability margins, revenue growth reliability, debt management, and capital allocation into a single metric designed to separate durable businesses from statistically cheap ones.

Models cluster within a tight range (+26.7% spread), increasing conviction. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every CCJ valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across CCJ's 7 active models, average confidence is 45%. Lower confidence may reflect limited history or high volatility.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy Cameco Corporation Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar Uranium Stocks Should You Also Analyze?

11 related Uranium stocks with 13-model coverage

LEUCentrus Energy Corp.QOC 8.3UUUUEnergy Fuels Inc.QOC 6.4UECUranium Energy Corp.QOC 6.1URGUr-Energy Inc.QOC 5.6EUenCore Energy Corp.QOC 5.3ISOUIsoEnergy Ltd.QOC 5.1JAGUJaguar Uranium Corp.QOC 5.1AECAnfield Energy Inc.QOC 5.1DNNDenison Mines Corp.QOC 4.9NXENexGen Energy Ltd.QOC 4.3NUCLEagle Nuclear Energy Corp.QOC 3.5

Read investment analysis: LEU · UUUU · UEC · URG · EU · ISOU · JAGU · AEC · DNN · NXE · NUCL

Which Other Stocks Have a Similar Quality Score to CCJ?

7 companies across all industries closest to CCJ’s Quality of Company score of 8.4/10.

GWREGuidewire Software, Inc.QOC 8.4GRVYGravity Co., Ltd.QOC 8.4NATHNathan's Famous, Inc.QOC 8.4VABKVirginia National Bankshares CorporationQOC 8.4FIVNFive9, Inc.QOC 8.4AMGNAmgen Inc.QOC 8.4NVDANVIDIA CorporationQOC 10.0

Read investment analysis: GWRE · GRVY · NATH · VABK · FIVN · AMGN · NVDA

What Else Do Investors Ask About Cameco Corporation’s Valuation?

What is Cameco Corporation's intrinsic value in 2026?

CirclFi puts Cameco Corporation (CCJ)'s intrinsic value at $15.31 — the median of 7 independent model estimates as of 2026-08-27, ranging from $2.48 to $30.84. One component of that median, the Bayesian DCF, runs 10,000 Monte Carlo simulations with jump-diffusion and returns $30.84 on its own. The Quality of Company score is 8.4/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is CCJ overvalued or undervalued right now?

At $106.33, 0 of 7 active models suggest CCJ may be undervalued, while 7 indicate potential overvaluation. The median of all 7 fair value estimates is $15.31, 85.6% below the current price of $106.33 — a consensus view that CCJ is overvalued. The assessment depends on which methodology best fits Cameco Corporation's business model in Uranium.

What does a Quality of Company score of 8.4 mean for CCJ?

Cameco Corporation's QOC of 8.4/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores above 7 indicate strong fundamentals and disciplined management.

How many valuation models does CirclFi run on CCJ?

CirclFi analyzes CCJ with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 7 of 13 are active for this stock. Read the full methodology →

Which valuation models are most bullish and most bearish on CCJ?

Of the 7 models currently active on CCJ, Bayesian DCF is the most bullish at $30.84 per share, and Earnings Power Value (EPV) is the most bearish at $2.48. CirclFi's published fair value for CCJ is the median of that range, $15.31, not either extreme. The gap between the two ends equals 185% of the median — a wide spread, meaning the methods genuinely disagree and the median should carry less weight. Browse stocks by value-trap risk →

Is CCJ a value trap in 2026?

Cameco Corporation's Value Trap score is 12/100 (SAFE). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap.

Cite this analysis — “According to CirclFi’s 7-model valuation engine, Cameco Corporation (CCJ) has a median fair value of $15.31 — 85.6% below the current price of $106.33 — as of 2026-08-27.” Source: circlfi.com/stock/CCJ/ · Methodology
Primary sources for this CCJ valuation
  • Financial statements: Cameco Corporation 10-K and 10-Q filings on SEC EDGAR (CIK 0001009001) — 700+ standardized XBRL tags, published by the U.S. Securities and Exchange Commission.
  • Discount-rate inputs: FRED, Federal Reserve Bank of St. Louis — risk-free rates, VIX, yield curve, inflation.
  • News sentiment: The GDELT Project — global media tone, input to the Sentiment SOTP model.
  • Model definitions: CirclFi methodology — the published specification for all 13 models, including the academic sources each one implements.

Market data for CCJ as of ; valuations recomputed .

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