Is FG or LNC more undervalued in 2026?

CirclFi compares F&G Annuities & Life, Inc. (FG) and Lincoln National Corporation (LNC) using 13 institutional-grade valuation models. FG has a Quality of Company score of 8.7/10 while LNC scores 6.1/10.

Which is a better buy — FG or LNC?

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 FG and LNC valuations compare?

FG at $27.60 and LNC at $35.09 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

FG vs LNC Valuation Comparison 2026 — Intrinsic Value Analysis

FG

Insurance - Life

F&G Annuities & Life, Inc.

Quality

8.7

out of 10

Value Trap

SAFE

Price

$27.60

Last close

Models

7/13

Active

LNC

Insurance - Life

Lincoln National Corporation

Quality

6.1

out of 10

Value Trap

SAFE

Price

$35.09

Last close

Models

10/13

Active

Model-by-Model Comparison

Model	Type	FG Fair Value	FG Upside	LNC Fair Value	LNC Upside
Bayesian DCF	Intrinsic	—	—	$36.29	+3.4%
Earnings Power Value	Intrinsic	$61.90	+124.3%	$66.99	+90.9%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$3.36	-87.8%	$19.33	-44.9%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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FG vs LNC — Which Stock Is More Undervalued?

FG scores higher with a 8.7/10 quality rating vs LNC's 6.1/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing F&G Annuities & Life, Inc. (FG) and Lincoln National Corporation (LNC) 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.

FG currently trades at $27.60 with a QOC of 8.7/10, while LNC trades at $35.09 with a QOC of 6.1/10.

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).