Is COIN or CRCL more undervalued in 2026?

CirclFi compares Coinbase Global, Inc. (COIN) and Circle Internet Group, Inc. (CRCL) using 13 institutional-grade valuation models. COIN has a Quality of Company score of 9.1/10 while CRCL scores 5.7/10.

Which is a better buy — COIN or CRCL?

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 COIN and CRCL valuations compare?

COIN at $189.03 and CRCL at $113.00 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

COIN vs CRCL Valuation Comparison 2026 — Intrinsic Value Analysis

COIN

Finance Services

Coinbase Global, Inc.

Quality

9.1

out of 10

Value Trap

LOW

Price

$189.03

Last close

Models

13/13

Active

CRCL

Finance Services

Circle Internet Group, Inc.

Quality

5.7

out of 10

Value Trap

—

Price

$113.00

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	COIN Fair Value	COIN Upside	CRCL Fair Value	CRCL Upside
Bayesian DCF	Intrinsic	$148.84	-21.3%	$31.87	-71.8%
Earnings Power Value	Intrinsic	$40.38	-78.6%	$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	$•••.••	••.•%	$•••.••	••.•%

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COIN vs CRCL — Which Stock Is More Undervalued?

COIN scores higher with a 9.1/10 quality rating vs CRCL's 5.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Coinbase Global, Inc. (COIN) and Circle Internet Group, Inc. (CRCL) 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.

COIN currently trades at $189.03 with a QOC of 9.1/10, while CRCL trades at $113.00 with a QOC of 5.7/10.

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).