Is HOVR or JOBY more undervalued in 2026?

CirclFi compares New Horizon Aircraft Ltd. (HOVR) and Joby Aviation, Inc. (JOBY) using 13 institutional-grade valuation models. HOVR has a Quality of Company score of 5.3/10 while JOBY scores 4.9/10.

Which is a better buy — HOVR or JOBY?

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 HOVR and JOBY valuations compare?

HOVR at $2.92 and JOBY at $11.90 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

HOVR vs JOBY Valuation Comparison 2026 — Intrinsic Value Analysis

HOVR

Aircraft

New Horizon Aircraft Ltd.

Quality

5.3

out of 10

Value Trap

SAFE

Price

$2.92

Last close

Models

9/13

Active

JOBY

Aircraft

Joby Aviation, Inc.

Quality

4.9

out of 10

Value Trap

SAFE

Price

$11.90

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	HOVR Fair Value	HOVR Upside	JOBY Fair Value	JOBY Upside
Bayesian DCF	Intrinsic	$0.76	-73.9%	$3.65	-69.3%
Earnings Power Value	Intrinsic	—	—	$3.91	-54.0%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$0.26	-91.2%	$1.62	-86.4%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%

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HOVR vs JOBY — Which Stock Is More Undervalued?

HOVR scores higher with a 5.3/10 quality rating vs JOBY's 4.9/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing New Horizon Aircraft Ltd. (HOVR) and Joby Aviation, Inc. (JOBY) 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.

HOVR currently trades at $2.92 with a QOC of 5.3/10, while JOBY trades at $11.90 with a QOC of 4.9/10.

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).