Is DTF or ECAT more undervalued in 2026?

CirclFi compares DTF Tax-Free Income, Inc. (DTF) and ECAT (ECAT) using 13 institutional-grade valuation models. DTF has a Quality of Company score of 1.9/10 while ECAT scores 1.8/10.

Which is a better buy — DTF or ECAT?

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 DTF and ECAT valuations compare?

DTF at $11.49 and ECAT at $15.58 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

DTF vs ECAT Valuation Comparison 2026 — Intrinsic Value Analysis

DTF

Asset Management

DTF Tax-Free Income, Inc.

Quality

1.9

out of 10

Value Trap

—

Price

$11.49

Last close

Models

10/13

Active

ECAT

Asset Management

ECAT

Quality

1.8

out of 10

Value Trap

—

Price

$15.58

Last close

Models

6/13

Active

Model-by-Model Comparison

Model	Type	DTF Fair Value	DTF Upside	ECAT Fair Value	ECAT Upside
Bayesian DCF	Intrinsic	$3.04	-73.5%	$4.12	-73.5%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$3.41	-70.3%	$28.67	+84.0%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%

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DTF vs ECAT — Which Stock Is More Undervalued?

DTF scores higher with a 1.9/10 quality rating vs ECAT's 1.8/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing DTF Tax-Free Income, Inc. (DTF) and ECAT (ECAT) 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.

DTF currently trades at $11.49 with a QOC of 1.9/10, while ECAT trades at $15.58 with a QOC of 1.8/10.

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).