Is CGBD or CHY more undervalued in 2026?

CirclFi compares Carlyle Secured Lending, Inc. (CGBD) and Calamos Convertible and High In (CHY) using 13 institutional-grade valuation models. CGBD has a Quality of Company score of 6.6/10 while CHY scores 2.0/10.

Which is a better buy — CGBD or CHY?

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 CGBD and CHY valuations compare?

CGBD at $10.92 and CHY at $13.14 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

CGBD vs CHY Valuation Comparison 2026 — Intrinsic Value Analysis

CGBD

Asset Management

Carlyle Secured Lending, Inc.

Quality

6.6

out of 10

Value Trap

—

Price

$10.92

Last close

Models

8/13

Active

CHY

Asset Management

Calamos Convertible and High In

Quality

2.0

out of 10

Value Trap

—

Price

$13.14

Last close

Models

8/13

Active

Model-by-Model Comparison

Model	Type	CGBD Fair Value	CGBD Upside	CHY Fair Value	CHY Upside
Bayesian DCF	Intrinsic	—	—	$3.48	-73.5%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$15.29	+40.1%	—	—
ML-RIV	Intrinsic	$22.95	+110.2%	$13.18	+0.3%
Dynamic NAV	Asset-Based	—	—	$5.89	-55.1%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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CGBD vs CHY — Which Stock Is More Undervalued?

CGBD scores higher with a 6.6/10 quality rating vs CHY's 2.0/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Carlyle Secured Lending, Inc. (CGBD) and Calamos Convertible and High In (CHY) 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.

CGBD currently trades at $10.92 with a QOC of 6.6/10, while CHY trades at $13.14 with a QOC of 2.0/10.

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).