Is HPQ or IONQ more undervalued in 2026?

CirclFi compares HP Inc. (HPQ) and IonQ, Inc. (IONQ) using 13 institutional-grade valuation models. HPQ has a Quality of Company score of 8.4/10 while IONQ scores 3.8/10.

Which is a better buy — HPQ or IONQ?

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 IONQ valuations compare?

HPQ at $25.01 and IONQ at $70.14 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

HPQ vs IONQ Valuation Comparison 2026 — Intrinsic Value Analysis

HPQ

Computer Hardware

HP Inc.

Quality

8.4

out of 10

Value Trap

SAFE

Price

$25.01

Last close

Models

13/13

Active

IONQ

Computer Hardware

IonQ, Inc.

Quality

3.8

out of 10

Value Trap

SAFE

Price

$70.14

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	HPQ Fair Value	HPQ Upside	IONQ Fair Value	IONQ Upside
Bayesian DCF	Intrinsic	$43.16	+72.6%	$24.11	-65.6%
Earnings Power Value	Intrinsic	$33.16	+32.6%	$19.69	-53.9%
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 IONQ — Which Stock Is More Undervalued?

HPQ scores higher with a 8.4/10 quality rating vs IONQ's 3.8/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing HP Inc. (HPQ) and IonQ, Inc. (IONQ) 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 $25.01 with a QOC of 8.4/10, while IONQ trades at $70.14 with a QOC of 3.8/10.

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).