Is BOOT or CAL more undervalued in 2026?

CirclFi compares Boot Barn Holdings, Inc. (BOOT) and Caleres, Inc. (CAL) using 13 institutional-grade valuation models. BOOT has a Quality of Company score of 9.6/10 while CAL scores 7.1/10.

Which is a better buy — BOOT or CAL?

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 BOOT and CAL valuations compare?

BOOT at $170.77 and CAL at $14.67 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

BOOT vs CAL Valuation Comparison 2026 — Intrinsic Value Analysis

BOOT

Apparel Retail

Boot Barn Holdings, Inc.

Quality

9.6

out of 10

Value Trap

SAFE

Price

$170.77

Last close

Models

13/13

Active

CAL

Apparel Retail

Caleres, Inc.

Quality

7.1

out of 10

Value Trap

SAFE

Price

$14.67

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	BOOT Fair Value	BOOT Upside	CAL Fair Value	CAL Upside
Bayesian DCF	Intrinsic	$11.61	-93.2%	$8.69	-40.8%
Earnings Power Value	Intrinsic	$35.55	-79.2%	—	—
EROIC Spread	Intrinsic	$42.76	-75.0%	$7.07	-51.8%
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	$•••.••	••.•%	$•••.••	••.•%

🔒

Unlock Full 13-Model Comparison

Access all valuation models for BOOT vs CAL — including EROIC Spread, First Chicago, Markov DDM, PWERM, and 7 more.

Access Full Analysis — From $27/mo →

BOOT vs CAL — Which Stock Is More Undervalued?

BOOT scores higher with a 9.6/10 quality rating vs CAL's 7.1/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Boot Barn Holdings, Inc. (BOOT) and Caleres, Inc. (CAL) 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.

BOOT currently trades at $170.77 with a QOC of 9.6/10, while CAL trades at $14.67 with a QOC of 7.1/10.

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).