Is RUN or SPB more undervalued in 2026?

CirclFi compares Sunrun Inc. (RUN) and Spectrum Brands Holdings, Inc. (SPB) using 13 institutional-grade valuation models. RUN has a Quality of Company score of 7.6/10 while SPB scores 8.7/10.

Which is a better buy — RUN or SPB?

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 RUN and SPB valuations compare?

RUN at $16.72 and SPB at $78.69 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

RUN vs SPB Valuation Comparison 2026 — Intrinsic Value Analysis

RUN

Miscellaneous Electrical Machinery, Equipment & Supplies

Sunrun Inc.

Quality

7.6

out of 10

Value Trap

LOW

Price

$16.72

Last close

Models

10/13

Active

SPB

Miscellaneous Electrical Machinery, Equipment & Supplies

Spectrum Brands Holdings, Inc.

Quality

8.7

out of 10

Value Trap

LOW

Price

$78.69

Last close

Models

13/13

Active

Model-by-Model Comparison

Model	Type	RUN Fair Value	RUN Upside	SPB Fair Value	SPB Upside
Bayesian DCF	Intrinsic	$27.64	+65.3%	$63.23	-19.6%
Earnings Power Value	Intrinsic	$64.72	+287.1%	$67.75	-13.9%
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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RUN vs SPB — Which Stock Is More Undervalued?

SPB scores higher with a 8.7/10 quality rating vs RUN's 7.6/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Sunrun Inc. (RUN) and Spectrum Brands Holdings, Inc. (SPB) 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.

RUN currently trades at $16.72 with a QOC of 7.6/10, while SPB trades at $78.69 with a QOC of 8.7/10.

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).