Is DLX or HON more undervalued in 2026?

CirclFi compares Deluxe Corporation (DLX) and Honeywell International Inc. (HON) using 13 institutional-grade valuation models. DLX has a Quality of Company score of 8.7/10 while HON scores 8.6/10.

Which is a better buy — DLX or HON?

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 DLX and HON valuations compare?

DLX at $24.24 and HON at $233.00 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

DLX vs HON Valuation Comparison 2026 — Intrinsic Value Analysis

DLX

Conglomerates

Deluxe Corporation

Quality

8.7

out of 10

Value Trap

SAFE

Price

$24.24

Last close

Models

11/13

Active

HON

Conglomerates

Honeywell International Inc.

Quality

8.6

out of 10

Value Trap

SAFE

Price

$233.00

Last close

Models

13/13

Active

Model-by-Model Comparison

Model	Type	DLX Fair Value	DLX Upside	HON Fair Value	HON Upside
Bayesian DCF	Intrinsic	$22.30	-8.0%	$55.09	-76.4%
Earnings Power Value	Intrinsic	$4.14	-82.6%	$62.59	-73.1%
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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DLX vs HON — Which Stock Is More Undervalued?

DLX scores higher with a 8.7/10 quality rating vs HON's 8.6/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Deluxe Corporation (DLX) and Honeywell International Inc. (HON) 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.

DLX currently trades at $24.24 with a QOC of 8.7/10, while HON trades at $233.00 with a QOC of 8.6/10.

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).