Is GAB or GBDC more undervalued in 2026?

CirclFi compares Gabelli Equity Trust, Inc. (The (GAB) and Golub Capital BDC, Inc. (GBDC) using 13 institutional-grade valuation models. GAB has a Quality of Company score of 1.7/10 while GBDC scores 6.3/10.

Which is a better buy — GAB or GBDC?

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 GAB and GBDC valuations compare?

GAB at $5.63 and GBDC at $13.09 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

GAB vs GBDC Valuation Comparison 2026 — Intrinsic Value Analysis

GAB

Asset Management

Gabelli Equity Trust, Inc. (The

Quality

1.7

out of 10

Value Trap

—

Price

$5.63

Last close

Models

11/13

Active

GBDC

Asset Management

Golub Capital BDC, Inc.

Quality

6.3

out of 10

Value Trap

WARN

Price

$13.09

Last close

Models

9/13

Active

Model-by-Model Comparison

Model	Type	GAB Fair Value	GAB Upside	GBDC Fair Value	GBDC Upside
Bayesian DCF	Intrinsic	$1.49	-73.5%	$1.15	-91.1%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$5.24	-6.8%	—	—
ML-RIV	Intrinsic	$4.00	-28.9%	$31.07	+137.4%
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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GAB vs GBDC — Which Stock Is More Undervalued?

GBDC scores higher with a 6.3/10 quality rating vs GAB's 1.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Gabelli Equity Trust, Inc. (The (GAB) and Golub Capital BDC, Inc. (GBDC) 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.

GAB currently trades at $5.63 with a QOC of 1.7/10, while GBDC trades at $13.09 with a QOC of 6.3/10.

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).