Is EVOX or FGMC more undervalued in 2026?

CirclFi compares Evolution Global Acquisition Co (EVOX) and FG Merger II Corp. (FGMC) using 13 institutional-grade valuation models. EVOX has a Quality of Company score of 4.0/10 while FGMC scores 6.6/10.

Which is a better buy — EVOX or FGMC?

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 EVOX and FGMC valuations compare?

EVOX at $10.02 and FGMC at $10.37 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

EVOX vs FGMC Valuation Comparison 2026 — Intrinsic Value Analysis

EVOX

Blank Checks

Evolution Global Acquisition Co

Quality

4.0

out of 10

Value Trap

—

Price

$10.02

Last close

Models

7/13

Active

FGMC

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FG Merger II Corp.

Quality

6.6

out of 10

Value Trap

—

Price

$10.37

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	EVOX Fair Value	EVOX Upside	FGMC Fair Value	FGMC Upside
Bayesian DCF	Intrinsic	$2.67	-73.3%	$3.28	-68.4%
Earnings Power Value	Intrinsic	—	—	$0.69	-93.2%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$3.50	-65.0%	$3.98	-61.6%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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EVOX vs FGMC — Which Stock Is More Undervalued?

FGMC scores higher with a 6.6/10 quality rating vs EVOX's 4.0/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Evolution Global Acquisition Co (EVOX) and FG Merger II Corp. (FGMC) 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.

EVOX currently trades at $10.02 with a QOC of 4.0/10, while FGMC trades at $10.37 with a QOC of 6.6/10.

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).