Is ARCC or ASG more undervalued in 2026?

CirclFi compares Ares Capital Corporation (ARCC) and Liberty All-Star Growth Fund, I (ASG) using 13 institutional-grade valuation models. ARCC has a Quality of Company score of 5.2/10 while ASG scores 1.9/10.

Which is a better buy — ARCC or ASG?

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 ARCC and ASG valuations compare?

ARCC at $18.81 and ASG at $5.34 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

ARCC vs ASG Valuation Comparison 2026 — Intrinsic Value Analysis

ARCC

Asset Management

Ares Capital Corporation

Quality

5.2

out of 10

Value Trap

SAFE

Price

$18.81

Last close

Models

11/13

Active

ASG

Asset Management

Liberty All-Star Growth Fund, I

Quality

1.9

out of 10

Value Trap

—

Price

$5.34

Last close

Models

9/13

Active

Model-by-Model Comparison

Model	Type	ARCC Fair Value	ARCC Upside	ASG Fair Value	ASG Upside
Bayesian DCF	Intrinsic	$0.98	-94.8%	$1.41	-73.5%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$41.76	+122.0%	$4.97	-6.9%
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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ARCC vs ASG — Which Stock Is More Undervalued?

ARCC scores higher with a 5.2/10 quality rating vs ASG's 1.9/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Ares Capital Corporation (ARCC) and Liberty All-Star Growth Fund, I (ASG) 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.

ARCC currently trades at $18.81 with a QOC of 5.2/10, while ASG trades at $5.34 with a QOC of 1.9/10.

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).