BHAV vs CHEC

BHAV Acquisition Corp vs Chenghe Acquisition III Co. — Valuation Comparison 2026

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

Quick Summary — CHEC scores higher on quality with 4.9/10 vs BHAV's 1.7/10. BHAV trades at $9.95 while CHEC trades at $10.11. Both analyzed daily using SEC EDGAR data across 13 institutional models.

BHAV

Blank Checks
BHAV Acquisition Corp
Quality
1.7
out of 10
Value Trap
Price
$9.95
Last close
Models
5/13
Active
VS

CHEC

Blank Checks
Chenghe Acquisition III Co.
Quality
4.9
out of 10
Value Trap
Price
$10.11
Last close
Models
10/13
Active
BHAV
First Chicago sees +15.3% upside
Quality 1.7/10 — below average
CHEC
2 models active
Quality 4.9/10 — below average

BHAV vs CHEC — Fair Value Comparison

BHAV
$0$5$9$14 Price$9.95 Bayesian …$2.58 (-74.1%) First Chi…$11.44 (+15.3%)
CHEC
$0$4$8$12 Price$10.11 Bayesian …$0.34 (-96.6%) Dynamic N…$3.45 (-65.8%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType BHAV Fair ValueBHAV Upside CHEC Fair ValueCHEC Upside
Bayesian DCF Intrinsic $2.58 -74.1% $0.34 -96.6%
EROIC Spread Intrinsic $•••.•• ••.•% $•••.•• ••.•%
First Chicago Scenario $11.44 +15.3% $1.09 -89.2%
ML-RIV Intrinsic $•••.•• ••.•% $•••.•• ••.•%
Dynamic NAV Asset-Based $3.45 -65.8%
PWERM Option-Based $•••.•• ••.•% $•••.•• ••.•%
Regime Cross-Sectional Relative $•••.•• ••.•% $•••.•• ••.•%
Sentiment SOTP Hybrid $•••.•• ••.•% $•••.•• ••.•%
CUCE Ensemble Ensemble $•••.•• ••.•% $•••.•• ••.•%
RCMH-DCF Intrinsic $•••.•• ••.•% $•••.•• ••.•%

BHAV vs CHEC — Which Stock Is More Undervalued in 2026?

CHEC scores higher with a 4.9/10 quality rating vs BHAV's 1.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do BHAV and CHEC Valuations Compare?

At $9.95, BHAV trades +74.1% above its Bayesian DCF fair value of $2.58, while CHEC at $10.11 trades +96.6% above its estimate of $0.34. CHEC shows a wider gap between price and intrinsic value.

Quality of Company: BHAV vs CHEC

BHAV earns a Quality of Company score of 1.7/10 compared to CHEC's 4.9/10. 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: BHAV vs CHEC

Review the value trap analysis for both BHAV and CHEC to assess whether apparent undervaluation reflects genuine opportunity or hidden fundamental risk.

Both in Blank Checks

Both BHAV and CHEC operate in Blank Checks, which has 19 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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