EVH vs HNGE

Evolent Health, Inc vs Hinge Health, Inc. — Valuation Comparison 2026

By CirclFi Research Team · Updated 2026-06-03 · Data from SEC EDGAR, FRED & GDELT

Quick Summary — HNGE scores higher on quality with 6.4/10 vs EVH's 4.5/10. EVH trades at $3.96 while HNGE trades at $58.48. Both analyzed daily using SEC EDGAR data across 13 institutional models.

EVH

Health Information Services
Evolent Health, Inc
Quality
4.5
out of 10
Value Trap
24
SAFE
Price
$3.96
Last close
Models
10/13
Active
VS

HNGE

Health Information Services
Hinge Health, Inc.
Quality
6.4
out of 10
Value Trap
Price
$58.48
Last close
Models
13/13
Active
EVH
First Chicago sees +236.2% upside
Quality 4.5/10 — below average
HNGE
2 models active
Limited to 2/13 visible models

EVH vs HNGE — Fair Value Comparison

EVH
$0$5$10$16 Price$3.96 First Chi…$13.31 (+236.2%) RCMH-DCF$11.85 (+209.8%)
HNGE
$0$23$46$69 Price$58.48 Bayesian …$29.78 (-49.1%) Earnings …$21.99 (-51.6%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType EVH Fair ValueEVH Upside HNGE Fair ValueHNGE Upside
Bayesian DCF Intrinsic $29.78 -49.1%
Earnings Power Value Intrinsic $21.99 -51.6%
EROIC Spread Intrinsic $•••.•• ••.•% $•••.•• ••.•%
First Chicago Scenario $13.31 +236.2% $12.42 -77.5%
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 $11.85 +209.8% $30.64 -47.6%

EVH vs HNGE — Which Stock Is More Undervalued in 2026?

HNGE scores higher with a 6.4/10 quality rating vs EVH's 4.5/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do EVH and HNGE Valuations Compare?

EVH currently trades at $3.96 while HNGE trades at $58.48. 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 for both companies.

Quality of Company: EVH vs HNGE

EVH earns a Quality of Company score of 4.5/10 compared to HNGE's 6.4/10. This moderate difference suggests one company has an edge in fundamental quality, though both may offer investment merit depending on valuation. The QOC score synthesizes 32 signals spanning profitability margins, revenue growth, free cash flow, capital allocation, and leverage.

Value Trap Risk: EVH vs HNGE

Review the value trap analysis for both EVH and HNGE to assess whether apparent undervaluation reflects genuine opportunity or hidden fundamental risk.

Both in Health Information Services

Both EVH and HNGE operate in Health Information Services, which has 46 stocks tracked by CirclFi. Same-industry comparisons provide the most direct insight into relative valuation since both companies face similar regulatory environments, market dynamics, and competitive pressures. 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), and ensemble methods (CUCE).

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