Is CEF or PHYS more undervalued in 2026?

CirclFi compares "Sprott Physical Gold and Silve (CEF) and "Sprott Physical Gold Trust" (PHYS) using 13 institutional-grade valuation models. CEF has a Quality of Company score of 6.4/10 while PHYS scores 6.0/10.

Which is a better buy — CEF or PHYS?

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 CEF and PHYS valuations compare?

CEF at $47.66 and PHYS at $34.42 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

CEF vs PHYS Valuation Comparison 2026 — Intrinsic Value Analysis

CEF

Commodity Contracts Brokers & Dealers

"Sprott Physical Gold and Silve

Quality

6.4

out of 10

Value Trap

SAFE

Price

$47.66

Last close

Models

9/13

Active

PHYS

Commodity Contracts Brokers & Dealers

"Sprott Physical Gold Trust"

Quality

6.0

out of 10

Value Trap

SAFE

Price

$34.42

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	CEF Fair Value	CEF Upside	PHYS Fair Value	PHYS Upside
Bayesian DCF	Intrinsic	$130.51	+173.8%	$78.35	+127.6%
Earnings Power Value	Intrinsic	$263.86	+453.6%	$165.65	+381.3%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
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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CEF vs PHYS — Which Stock Is More Undervalued?

CEF scores higher with a 6.4/10 quality rating vs PHYS's 6.0/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing "Sprott Physical Gold and Silve (CEF) and "Sprott Physical Gold Trust" (PHYS) 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.

CEF currently trades at $47.66 with a QOC of 6.4/10, while PHYS trades at $34.42 with a QOC of 6.0/10.

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).