Is CMII or CRAQ more undervalued in 2026?

CirclFi compares Columbus Circle Capital Corp II (CMII) and Cal Redwood Acquisition Corp. (CRAQ) using 13 institutional-grade valuation models. CMII has a Quality of Company score of 3.4/10 while CRAQ scores 4.8/10.

Which is a better buy — CMII or CRAQ?

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 CMII and CRAQ valuations compare?

CMII at $9.92 and CRAQ at $10.26 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

CMII vs CRAQ Valuation Comparison 2026 — Intrinsic Value Analysis

CMII

Blank Checks

Columbus Circle Capital Corp II

Quality

3.4

out of 10

Value Trap

—

Price

$9.92

Last close

Models

6/13

Active

CRAQ

Blank Checks

Cal Redwood Acquisition Corp.

Quality

4.8

out of 10

Value Trap

—

Price

$10.26

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	CMII Fair Value	CMII Upside	CRAQ Fair Value	CRAQ Upside
Bayesian DCF	Intrinsic	$2.62	-73.6%	$0.40	-96.1%
Earnings Power Value	Intrinsic	—	—	$0.53	-94.9%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$9.30	-6.2%	$3.99	-61.1%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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CMII vs CRAQ — Which Stock Is More Undervalued?

CRAQ scores higher with a 4.8/10 quality rating vs CMII's 3.4/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Columbus Circle Capital Corp II (CMII) and Cal Redwood Acquisition Corp. (CRAQ) 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.

CMII currently trades at $9.92 with a QOC of 3.4/10, while CRAQ trades at $10.26 with a QOC of 4.8/10.

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).