Is CAT or CNH more undervalued in 2026?

CirclFi compares Caterpillar, Inc. (CAT) and CNH Industrial N.V. (CNH) using 13 institutional-grade valuation models. CAT has a Quality of Company score of 9.4/10 while CNH scores 2.3/10.

Which is a better buy — CAT or CNH?

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 CAT and CNH valuations compare?

CAT at $887.67 and CNH at $10.46 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

CAT vs CNH Valuation Comparison 2026 — Intrinsic Value Analysis

CAT

Farm & Heavy Construction Machinery

Caterpillar, Inc.

Quality

9.4

out of 10

Value Trap

SAFE

Price

$887.67

Last close

Models

12/13

Active

CNH

Farm & Heavy Construction Machinery

CNH Industrial N.V.

Quality

2.3

out of 10

Value Trap

—

Price

$10.46

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	CAT Fair Value	CAT Upside	CNH Fair Value	CNH Upside
Bayesian DCF	Intrinsic	$271.66	-69.4%	$2.60	-75.2%
Earnings Power Value	Intrinsic	$105.47	-88.1%	—	—
EROIC Spread	Intrinsic	$112.58	-87.3%	$4.07	-62.4%
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	$•••.••	••.•%	$•••.••	••.•%

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CAT vs CNH — Which Stock Is More Undervalued?

CAT scores higher with a 9.4/10 quality rating vs CNH's 2.3/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Caterpillar, Inc. (CAT) and CNH Industrial N.V. (CNH) 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.

CAT currently trades at $887.67 with a QOC of 9.4/10, while CNH trades at $10.46 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).