Is VEON or VOD more undervalued in 2026?

CirclFi compares VEON Ltd. (VEON) and Vodafone Group Plc (VOD) using 13 institutional-grade valuation models. VEON has a Quality of Company score of 2.1/10 while VOD scores 1.7/10.

Which is a better buy — VEON or VOD?

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 VEON and VOD valuations compare?

VEON at $56.14 and VOD at $14.96 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

VEON vs VOD Valuation Comparison 2026 — Intrinsic Value Analysis

VEON

Radiotelephone Communications

VEON Ltd.

Quality

2.1

out of 10

Value Trap

—

Price

$56.14

Last close

Models

11/13

Active

VOD

Radiotelephone Communications

Vodafone Group Plc

Quality

1.7

out of 10

Value Trap

—

Price

$14.96

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	VEON Fair Value	VEON Upside	VOD Fair Value	VOD Upside
Bayesian DCF	Intrinsic	$16.70	-70.3%	$5.44	-63.6%
Earnings Power Value	Intrinsic	$124.30	+153.0%	$6.72	-57.0%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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VEON vs VOD — Which Stock Is More Undervalued?

VEON scores higher with a 2.1/10 quality rating vs VOD's 1.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing VEON Ltd. (VEON) and Vodafone Group Plc (VOD) 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.

VEON currently trades at $56.14 with a QOC of 2.1/10, while VOD trades at $14.96 with a QOC of 1.7/10.

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).