Is BWIN or EZRA more undervalued in 2026?

CirclFi compares The Baldwin Insurance Group, In (BWIN) and Reliance Global Group, Inc. (EZRA) using 13 institutional-grade valuation models. BWIN has a Quality of Company score of 6.7/10 while EZRA scores 4.0/10.

Which is a better buy — BWIN or EZRA?

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 BWIN and EZRA valuations compare?

BWIN at $19.86 and EZRA at $3.69 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

BWIN vs EZRA Valuation Comparison 2026 — Intrinsic Value Analysis

BWIN

Insurance Brokers

The Baldwin Insurance Group, In

Quality

6.7

out of 10

Value Trap

SAFE

Price

$19.86

Last close

Models

12/13

Active

EZRA

Insurance Brokers

Reliance Global Group, Inc.

Quality

4.0

out of 10

Value Trap

WARN

Price

$3.69

Last close

Models

7/13

Active

Model-by-Model Comparison

Model	Type	BWIN Fair Value	BWIN Upside	EZRA Fair Value	EZRA Upside
Bayesian DCF	Intrinsic	$0.92	-95.4%	—	—
Earnings Power Value	Intrinsic	$16.40	-34.7%	—	—
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$4.37	-82.6%	$6.11	+65.5%
ML-RIV	Intrinsic	$13.76	-30.7%	$0.03	-83.1%
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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BWIN vs EZRA — Which Stock Is More Undervalued?

BWIN scores higher with a 6.7/10 quality rating vs EZRA's 4.0/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing The Baldwin Insurance Group, In (BWIN) and Reliance Global Group, Inc. (EZRA) 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.

BWIN currently trades at $19.86 with a QOC of 6.7/10, while EZRA trades at $3.69 with a QOC of 4.0/10.

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).