Is GBDC or GCV more undervalued in 2026?

CirclFi compares Golub Capital BDC, Inc. (GBDC) and Gabelli Convertible and Income (GCV) using 13 institutional-grade valuation models. GBDC has a Quality of Company score of 6.3/10 while GCV scores 2.1/10.

Which is a better buy — GBDC or GCV?

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 GBDC and GCV valuations compare?

GBDC at $13.09 and GCV at $4.64 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

GBDC vs GCV Valuation Comparison 2026 — Intrinsic Value Analysis

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

GCV

Asset Management

Gabelli Convertible and Income

Quality

2.1

out of 10

Value Trap

—

Price

$4.64

Last close

Models

8/13

Active

Model-by-Model Comparison

Model	Type	GBDC Fair Value	GBDC Upside	GCV Fair Value	GCV Upside
Bayesian DCF	Intrinsic	$1.15	-91.1%	$1.23	-73.5%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$31.07	+137.4%	$5.23	+12.7%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$15.20	+16.1%	$4.46	-3.1%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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GBDC vs GCV — Which Stock Is More Undervalued?

GBDC scores higher with a 6.3/10 quality rating vs GCV's 2.1/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Golub Capital BDC, Inc. (GBDC) and Gabelli Convertible and Income (GCV) 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.

GBDC currently trades at $13.09 with a QOC of 6.3/10, while GCV trades at $4.64 with a QOC of 2.1/10.

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).