Is ILLU or IPEX more undervalued in 2026?

CirclFi compares Illumination Acquisition Corp I (ILLU) and Inflection Point Acquisition Co (IPEX) using 13 institutional-grade valuation models. ILLU has a Quality of Company score of 1.7/10 while IPEX scores 4.3/10.

Which is a better buy — ILLU or IPEX?

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 ILLU and IPEX valuations compare?

ILLU at $9.89 and IPEX at $10.48 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

ILLU vs IPEX Valuation Comparison 2026 — Intrinsic Value Analysis

ILLU

Blank Checks

Illumination Acquisition Corp I

Quality

1.7

out of 10

Value Trap

—

Price

$9.89

Last close

Models

7/13

Active

IPEX

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Inflection Point Acquisition Co

Quality

4.3

out of 10

Value Trap

—

Price

$10.48

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	ILLU Fair Value	ILLU Upside	IPEX Fair Value	IPEX Upside
Bayesian DCF	Intrinsic	$2.62	-73.6%	$0.17	-98.4%
Earnings Power Value	Intrinsic	—	—	$0.76	-92.7%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$9.28	-6.1%	$10.36	-1.1%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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ILLU vs IPEX — Which Stock Is More Undervalued?

IPEX scores higher with a 4.3/10 quality rating vs ILLU's 1.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Illumination Acquisition Corp I (ILLU) and Inflection Point Acquisition Co (IPEX) 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.

ILLU currently trades at $9.89 with a QOC of 1.7/10, while IPEX trades at $10.48 with a QOC of 4.3/10.

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).