Is HPQ or IBM more undervalued in 2026?

CirclFi compares HP Inc. (HPQ) and International Business Machines (IBM) using 13 institutional-grade valuation models. HPQ has a Quality of Company score of 8.4/10 while IBM scores 6.7/10.

Which is a better buy — HPQ or IBM?

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 HPQ and IBM valuations compare?

HPQ at $27.04 and IBM at $297.80 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

HPQ vs IBM Valuation Comparison 2026 — Intrinsic Value Analysis

HPQ

Computer & office Equipment

HP Inc.

Quality

8.4

out of 10

Value Trap

SAFE

Price

$27.04

Last close

Models

13/13

Active

IBM

Computer & office Equipment

International Business Machines

Quality

6.7

out of 10

Value Trap

SAFE

Price

$297.80

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	HPQ Fair Value	HPQ Upside	IBM Fair Value	IBM Upside
Bayesian DCF	Intrinsic	$43.93	+62.4%	$103.67	-65.2%
Earnings Power Value	Intrinsic	$33.16	+22.6%	$10.91	-96.3%
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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HPQ vs IBM — Which Stock Is More Undervalued?

HPQ scores higher with a 8.4/10 quality rating vs IBM's 6.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing HP Inc. (HPQ) and International Business Machines (IBM) 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.

HPQ currently trades at $27.04 with a QOC of 8.4/10, while IBM trades at $297.80 with a QOC of 6.7/10.

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).