Is CARL or DH more undervalued in 2026?

CirclFi compares Carlsmed, Inc. (CARL) and Definitive Healthcare Corp. (DH) using 13 institutional-grade valuation models. CARL has a Quality of Company score of 6.6/10 while DH scores 7.4/10.

Which is a better buy — CARL or DH?

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 CARL and DH valuations compare?

CARL at $11.81 and DH at $0.89 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

CARL vs DH Valuation Comparison 2026 — Intrinsic Value Analysis

CARL

Health Information Services

Carlsmed, Inc.

Quality

6.6

out of 10

Value Trap

—

Price

$11.81

Last close

Models

11/13

Active

DH

Health Information Services

Definitive Healthcare Corp.

Quality

7.4

out of 10

Value Trap

SAFE

Price

$0.89

Last close

Models

10/13

Active

Model-by-Model Comparison

Model	Type	CARL Fair Value	CARL Upside	DH Fair Value	DH Upside
Bayesian DCF	Intrinsic	$4.52	-61.7%	—	—
Earnings Power Value	Intrinsic	$6.69	-29.5%	$2.12	+115.0%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$0.43	-96.6%	$0.67	-24.2%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%

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CARL vs DH — Which Stock Is More Undervalued?

DH scores higher with a 7.4/10 quality rating vs CARL's 6.6/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Carlsmed, Inc. (CARL) and Definitive Healthcare Corp. (DH) 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.

CARL currently trades at $11.81 with a QOC of 6.6/10, while DH trades at $0.89 with a QOC of 7.4/10.

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).