Is HON or MMM more undervalued in 2026?

CirclFi compares Honeywell International Inc. (HON) and 3M Company (MMM) using 13 institutional-grade valuation models. HON has a Quality of Company score of 8.6/10 while MMM scores 6.6/10.

Which is a better buy — HON or MMM?

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 HON and MMM valuations compare?

HON at $233.00 and MMM at $152.85 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

HON vs MMM Valuation Comparison 2026 — Intrinsic Value Analysis

HON

Conglomerates

Honeywell International Inc.

Quality

8.6

out of 10

Value Trap

SAFE

Price

$233.00

Last close

Models

13/13

Active

MMM

Conglomerates

3M Company

Quality

6.6

out of 10

Value Trap

—

Price

$152.85

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	HON Fair Value	HON Upside	MMM Fair Value	MMM Upside
Bayesian DCF	Intrinsic	$55.09	-76.4%	$47.81	-68.7%
Earnings Power Value	Intrinsic	$62.59	-73.1%	$70.15	-54.1%
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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HON vs MMM — Which Stock Is More Undervalued?

HON scores higher with a 8.6/10 quality rating vs MMM's 6.6/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Honeywell International Inc. (HON) and 3M Company (MMM) 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.

HON currently trades at $233.00 with a QOC of 8.6/10, while MMM trades at $152.85 with a QOC of 6.6/10.

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).