Is HSBC or RY more undervalued in 2026?

CirclFi compares HSBC Holdings, plc. (HSBC) and Royal Bank Of Canada (RY) using 13 institutional-grade valuation models. HSBC has a Quality of Company score of 2.2/10 while RY scores 8.6/10.

Which is a better buy — HSBC or RY?

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 HSBC and RY valuations compare?

HSBC at $92.95 and RY at $188.89 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

HSBC vs RY Valuation Comparison 2026 — Intrinsic Value Analysis

HSBC

Banks - Diversified

HSBC Holdings, plc.

Quality

2.2

out of 10

Value Trap

—

Price

$92.95

Last close

Models

13/13

Active

RY

Banks - Diversified

Royal Bank Of Canada

Quality

8.6

out of 10

Value Trap

SAFE

Price

$188.89

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	HSBC Fair Value	HSBC Upside	RY Fair Value	RY Upside
Bayesian DCF	Intrinsic	$23.90	-74.3%	$105.39	-44.2%
Earnings Power Value	Intrinsic	$330.58	+261.7%	$148.91	-21.2%
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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HSBC vs RY — Which Stock Is More Undervalued?

RY scores higher with a 8.6/10 quality rating vs HSBC's 2.2/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing HSBC Holdings, plc. (HSBC) and Royal Bank Of Canada (RY) 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.

HSBC currently trades at $92.95 with a QOC of 2.2/10, while RY trades at $188.89 with a QOC of 8.6/10.

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).