ANY vs CRCL

Sphere 3D Corp. vs Circle Internet Group, Inc. — Valuation Comparison 2026

By CirclFi Research Team · Updated 2026-06-03 · Data from SEC EDGAR, FRED & GDELT

Quick Summary — CRCL scores higher on quality with 5.7/10 vs ANY's 5.3/10. ANY trades at $3.91 while CRCL trades at $100.85. Both analyzed daily using SEC EDGAR data across 13 institutional models.

ANY

Finance Services
Sphere 3D Corp.
Quality
5.3
out of 10
Value Trap
33
LOW
Price
$3.91
Last close
Models
11/13
Active
VS

CRCL

Finance Services
Circle Internet Group, Inc.
Quality
5.7
out of 10
Value Trap
Price
$100.85
Last close
Models
12/13
Active
ANY
Earnings Power Value sees +54.7% upside
Limited to 2/13 visible models
CRCL
2 models active
Limited to 2/13 visible models

ANY vs CRCL — Fair Value Comparison

ANY
$0$2$3$5 Price$3.91 Bayesian …$1.46 (-62.6%) Earnings …$2.43 (+54.7%)
CRCL
$0$40$79$119 Price$100.85 Bayesian …$31.19 (-69.1%) Earnings …$49.36 (-50.5%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType ANY Fair ValueANY Upside CRCL Fair ValueCRCL Upside
Bayesian DCF Intrinsic $1.46 -62.6% $31.19 -69.1%
Earnings Power Value Intrinsic $2.43 +54.7% $49.36 -50.5%
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 $•••.•• ••.•% $•••.•• ••.•%

ANY vs CRCL — Which Stock Is More Undervalued in 2026?

CRCL scores higher with a 5.7/10 quality rating vs ANY's 5.3/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do ANY and CRCL Valuations Compare?

At $3.91, ANY trades +62.6% above its Bayesian DCF fair value of $1.46, while CRCL at $100.85 trades +69.1% above its estimate of $31.19. CRCL shows a wider gap between price and intrinsic value.

Quality of Company: ANY vs CRCL

ANY earns a Quality of Company score of 5.3/10 compared to CRCL's 5.7/10. The scores are closely matched, indicating similar fundamental quality profiles. The QOC score synthesizes 32 signals spanning profitability margins, revenue growth, free cash flow, capital allocation, and leverage.

Value Trap Risk: ANY vs CRCL

Review the value trap analysis for both ANY and CRCL to assess whether apparent undervaluation reflects genuine opportunity or hidden fundamental risk.

Both in Finance Services

Both ANY and CRCL operate in Finance Services, which has 7 stocks tracked by CirclFi. Same-industry comparisons provide the most direct insight into relative valuation since both companies face similar regulatory environments, market dynamics, and competitive pressures. 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), and ensemble methods (CUCE).

2 of 13 MODELS UNLOCKED

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11 hidden models compare ANY vs CRCL differently — including EROIC Spread, First Chicago, Markov DDM, PWERM, and 7 more. Some may disagree with the 2 you see above.

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