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Every company on this site is judged against its own fair value, not against each other — so a page full of “AVOID” badges doesn't tell you which of them is the least bad idea, or which one has the best underlying business even if it's priced too rich today. This page is for that relative read.

On the central estimate, FLNC screens as most undervalued (+119%) and RKLB as most overvalued (-78%). YMM sits closest to fair value (-0.4%).

FLNC is currently priced below the conservative end of the fair-value band — cheap even on pessimistic assumptions, and the strongest signal this methodology produces.

PAY and RKLB sit above the generous end — no defensible assumption set justifies the current price.

On business quality, CDNA and PAY scored the highest share of Fortress/Strong Job Audit positions (3/3), while FLNC scored the lowest (1/3). The two axes don't move together — a name can be statistically cheap without the underlying business holding up under the Job Audit, or vice versa. That's the trade-off the quadrant chart below is for.

RKLB hasn't been through the Job Audit yet, so it isn’t shown on the quality axis below.

Valuation gap, ranked

Positive means the fair-value estimate sits above the current price (undervalued); negative means below (overvalued).

FLNC +119% CDNA +99% CSGP +21% YMM -0.4% 1299.HK -5.1% CRDO -10.3% CLS -24% PAY -29.7% RKLB -78%

Cheap vs. durable: the quadrant that matters

A wide valuation gap alone doesn't make a company attractive if the Job Audit found its market position doesn't hold up. This plots valuation gap against the share of each company's scored Job Audit positions rated Fortress or Strong — the upper-right is where you want to be looking.

expensive · strong jobs cheap · strong jobs expensive · weak jobs cheap · weak jobs 1299.HK CDNA CLS CSGP CRDO FLNC YMM PAY Valuation gap (fair value vs. current price) →

Full comparison

CompanyDecisionValuation gapPrice vs. bandMomentumJob Audit qualityPriced as of
Fluence Energy, Inc. (FLNC) BUY · Moderate +119% below conservative Not Yet Reflecting Quality 1/3 Fortress or Strong 2026-09-11
CareDx, Inc. (CDNA) BUY · Moderate +99% inside band Already Run 3/3 Fortress or Strong 2026-09-11
CoStar Group, Inc. (CSGP) BUY · Moderate +21% inside band Still Room 4/7 Fortress or Strong 2026-09-11
Full Truck Alliance Co. Ltd. (YMM) HOLD · Moderate -0.4% inside band Still Room 2/4 Fortress or Strong 2026-09-11
AIA Group Limited (1299.HK) HOLD · Moderate -5.1% inside band Still Room 3/8 Fortress or Strong 2026-09-11
Credo Technology Group Holding Ltd (CRDO) AVOID · Low -10.3% inside band Still Room 1/2 Fortress or Strong 2026-09-11
Celestica Inc. (CLS) AVOID · Moderate -24% inside band Overrun Beyond Fundamentals 2/5 Fortress or Strong 2026-09-11
Paymentus Holdings, Inc. (PAY) AVOID · Moderate -29.7% above generous Still Room 3/3 Fortress or Strong 2026-09-11
Rocket Lab Corporation (RKLB) AVOID · Moderate -78% above generous Overrun Beyond Fundamentals No Job Audit yet 2026-09-11
Independent research, not investment advice. “Job Audit quality” is the share of a company's individually-scored recurring-job positions rated Fortress or Strong out of 25 — see methodology. Every figure here is dated; re-run before acting on it.