Is EARN or ECAT more undervalued in 2026?

CirclFi compares Ellington Credit Company (EARN) and ECAT (ECAT) using 13 institutional-grade valuation models. EARN has a Quality of Company score of 6.1/10 while ECAT scores 1.8/10.

Which is a better buy — EARN 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 EARN and ECAT valuations compare?

EARN at $4.92 and ECAT at $15.58 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

EARN vs ECAT Valuation Comparison 2026 — Intrinsic Value Analysis

EARN

Asset Management

Ellington Credit Company

Quality

6.1

out of 10

Value Trap

SAFE

Price

$4.92

Last close

Models

12/13

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	EARN Fair Value	EARN Upside	ECAT Fair Value	ECAT Upside
Bayesian DCF	Intrinsic	$4.23	-14.1%	$4.12	-73.5%
Earnings Power Value	Intrinsic	$2.57	-47.8%	—	—
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$24.23	+392.4%	$28.67	+84.0%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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EARN vs ECAT — Which Stock Is More Undervalued?

EARN scores higher with a 6.1/10 quality rating vs ECAT's 1.8/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Ellington Credit Company (EARN) 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.

EARN currently trades at $4.92 with a QOC of 6.1/10, 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).