Is GECC or GF more undervalued in 2026?

CirclFi compares Great Elm Capital Corp. (GECC) and New Germany Fund, Inc. (The) (GF) using 13 institutional-grade valuation models. GECC has a Quality of Company score of 4.3/10 while GF scores 1.8/10.

Which is a better buy — GECC or GF?

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 GECC and GF valuations compare?

GECC at $5.97 and GF at $12.14 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

GECC vs GF Valuation Comparison 2026 — Intrinsic Value Analysis

GECC

Asset Management

Great Elm Capital Corp.

Quality

4.3

out of 10

Value Trap

SAFE

Price

$5.97

Last close

Models

5/13

Active

GF

Asset Management

New Germany Fund, Inc. (The)

Quality

1.8

out of 10

Value Trap

—

Price

$12.14

Last close

Models

9/13

Active

Model-by-Model Comparison

Model	Type	GECC Fair Value	GECC Upside	GF Fair Value	GF Upside
Bayesian DCF	Intrinsic	$19.48	+220.9%	$3.21	-73.5%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	—	—	$1.31	-89.2%
ML-RIV	Intrinsic	$0.65	-89.6%	$9.55	-21.3%
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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GECC vs GF — Which Stock Is More Undervalued?

GECC scores higher with a 4.3/10 quality rating vs GF's 1.8/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Great Elm Capital Corp. (GECC) and New Germany Fund, Inc. (The) (GF) 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.

GECC currently trades at $5.97 with a QOC of 4.3/10, while GF trades at $12.14 with a QOC of 1.8/10.

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).