SLNH vs SNEX

Soluna Holdings, Inc. vs StoneX Group Inc. — Valuation Comparison 2026

By CirclFi Research Team · Updated 2026-06-03 · Data from SEC EDGAR, FRED & GDELT

Quick Summary — SNEX scores higher on quality with 9.2/10 vs SLNH's 5.9/10. SLNH trades at $1.65 while SNEX trades at $107.57. Both analyzed daily using SEC EDGAR data across 13 institutional models.

SLNH

Capital Markets
Soluna Holdings, Inc.
Quality
5.9
out of 10
Value Trap
24
SAFE
Price
$1.65
Last close
Models
11/13
Active
VS

SNEX

Capital Markets
StoneX Group Inc.
Quality
9.2
out of 10
Value Trap
6
SAFE
Price
$107.57
Last close
Models
10/13
Active
SLNH
Earnings Power Value sees +171.4% upside
Limited to 2/13 visible models
SNEX
Bayesian DCF sees +349.3% upside
Limited to 2/13 visible models

SLNH vs SNEX — Fair Value Comparison

SLNH
$0$2$3$5 Price$1.65 Bayesian …$0.42 (-74.6%) Earnings …$4.29 (+171.4%)
SNEX
$0$190$380$570 Price$107.57 Bayesian …$483.33 (+349.3%) Earnings …$70.74 (-34.2%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType SLNH Fair ValueSLNH Upside SNEX Fair ValueSNEX Upside
Bayesian DCF Intrinsic $0.42 -74.6% $483.33 +349.3%
Earnings Power Value Intrinsic $4.29 +171.4% $70.74 -34.2%
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 $•••.•• ••.•% $•••.•• ••.•%

SLNH vs SNEX — Which Stock Is More Undervalued in 2026?

SNEX scores higher with a 9.2/10 quality rating vs SLNH's 5.9/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do SLNH and SNEX Valuations Compare?

At $1.65, SLNH trades +74.6% above its Bayesian DCF fair value of $0.42, while SNEX at $107.57 trades +349.3% below its estimate of $483.33. SNEX shows a wider gap between price and intrinsic value.

Quality of Company: SLNH vs SNEX

SLNH earns a Quality of Company score of 5.9/10 compared to SNEX's 9.2/10. This is a significant quality gap — the higher-scoring company demonstrates materially stronger fundamentals across profitability, growth consistency, and balance sheet health. The QOC score synthesizes 32 signals spanning profitability margins, revenue growth, free cash flow, capital allocation, and leverage.

Value Trap Risk: SLNH vs SNEX

SLNH carries a SAFE value trap risk (24/100) while SNEX shows SAFE risk (6/100). Both companies show manageable value trap risk, suggesting their current valuations are not artificially depressed by fundamental deterioration.

Both in Capital Markets

Both SLNH and SNEX operate in Capital Markets, which has 86 stocks tracked by CirclFi. Same-industry comparisons provide the most direct insight into relative valuation since both companies face similar regulatory environments, market dynamics, and competitive pressures. 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), and ensemble methods (CUCE).

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