Is EFC or FRPH more undervalued in 2026?

CirclFi compares Ellington Financial Inc. (EFC) and FRP Holdings, Inc. (FRPH) using 13 institutional-grade valuation models. EFC has a Quality of Company score of 8.0/10 while FRPH scores 6.8/10.

Which is a better buy — EFC or FRPH?

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 EFC and FRPH valuations compare?

EFC at $13.57 and FRPH at $23.11 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

EFC vs FRPH Valuation Comparison 2026 — Intrinsic Value Analysis

EFC

Real Estate

Ellington Financial Inc.

Quality

8.0

out of 10

Value Trap

LOW

Price

$13.57

Last close

Models

10/13

Active

FRPH

Real Estate

FRP Holdings, Inc.

Quality

6.8

out of 10

Value Trap

SAFE

Price

$23.11

Last close

Models

10/13

Active

Model-by-Model Comparison

Model	Type	EFC Fair Value	EFC Upside	FRPH Fair Value	FRPH Upside
Bayesian DCF	Intrinsic	$1.72	-87.4%	$18.12	-21.6%
Earnings Power Value	Intrinsic	$12.00	-11.6%	—	—
EROIC Spread	Intrinsic	$9.07	-33.2%	$18.63	-19.4%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
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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EFC vs FRPH — Which Stock Is More Undervalued?

EFC scores higher with a 8.0/10 quality rating vs FRPH's 6.8/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Ellington Financial Inc. (EFC) and FRP Holdings, Inc. (FRPH) 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.

EFC currently trades at $13.57 with a QOC of 8.0/10, while FRPH trades at $23.11 with a QOC of 6.8/10.

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).