Is ELV or HUM more undervalued in 2026?

CirclFi compares Elevance Health, Inc. (ELV) and Humana Inc. (HUM) using 13 institutional-grade valuation models. ELV has a Quality of Company score of 9.2/10 while HUM scores 8.5/10.

Which is a better buy — ELV or HUM?

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 ELV and HUM valuations compare?

ELV at $392.75 and HUM at $308.70 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

ELV vs HUM Valuation Comparison 2026 — Intrinsic Value Analysis

ELV

Healthcare Plans

Elevance Health, Inc.

Quality

9.2

out of 10

Value Trap

—

Price

$392.75

Last close

Models

12/13

Active

HUM

Healthcare Plans

Humana Inc.

Quality

8.5

out of 10

Value Trap

LOW

Price

$308.70

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	ELV Fair Value	ELV Upside	HUM Fair Value	HUM Upside
Bayesian DCF	Intrinsic	$268.95	-31.5%	$70.34	-77.2%
Earnings Power Value	Intrinsic	$197.44	-49.7%	$166.09	-46.2%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

🔒

Unlock Full 13-Model Comparison

Access all valuation models for ELV vs HUM — including EROIC Spread, First Chicago, Markov DDM, PWERM, and 7 more.

Access Full Analysis — From $27/mo →

ELV vs HUM — Which Stock Is More Undervalued?

ELV scores higher with a 9.2/10 quality rating vs HUM's 8.5/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Elevance Health, Inc. (ELV) and Humana Inc. (HUM) 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.

ELV currently trades at $392.75 with a QOC of 9.2/10, while HUM trades at $308.70 with a QOC of 8.5/10.

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).