Is FONR or ITOC more undervalued in 2026?

CirclFi compares Fonar Corporation (FONR) and iTonic Holdings Ltd (ITOC) using 13 institutional-grade valuation models. FONR has a Quality of Company score of 8.3/10 while ITOC scores 2.1/10.

Which is a better buy — FONR or ITOC?

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 FONR and ITOC valuations compare?

FONR at $19.10 and ITOC at $0.30 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

FONR vs ITOC Valuation Comparison 2026 — Intrinsic Value Analysis

FONR

Electromedical & Electrotherapeutic Apparatus

Fonar Corporation

Quality

8.3

out of 10

Value Trap

—

Price

$19.10

Last close

Models

13/13

Active

ITOC

Electromedical & Electrotherapeutic Apparatus

iTonic Holdings Ltd

Quality

2.1

out of 10

Value Trap

—

Price

$0.30

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	FONR Fair Value	FONR Upside	ITOC Fair Value	ITOC Upside
Bayesian DCF	Intrinsic	$23.27	+21.8%	$0.07	-75.0%
Earnings Power Value	Intrinsic	$21.51	+12.6%	$0.02	-95.0%
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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FONR vs ITOC — Which Stock Is More Undervalued?

FONR scores higher with a 8.3/10 quality rating vs ITOC's 2.1/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Fonar Corporation (FONR) and iTonic Holdings Ltd (ITOC) 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.

FONR currently trades at $19.10 with a QOC of 8.3/10, while ITOC trades at $0.30 with a QOC of 2.1/10.

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).