Is GF or GLAD more undervalued in 2026?

CirclFi compares New Germany Fund, Inc. (The) (GF) and Gladstone Capital Corporation (GLAD) using 13 institutional-grade valuation models. GF has a Quality of Company score of 1.8/10 while GLAD scores 8.2/10.

Which is a better buy — GF or GLAD?

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 GF and GLAD valuations compare?

GF at $12.14 and GLAD at $19.35 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

GF vs GLAD Valuation Comparison 2026 — Intrinsic Value Analysis

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

GLAD

Asset Management

Gladstone Capital Corporation

Quality

8.2

out of 10

Value Trap

SAFE

Price

$19.35

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	GF Fair Value	GF Upside	GLAD Fair Value	GLAD Upside
Bayesian DCF	Intrinsic	$3.21	-73.5%	$15.95	-17.6%
Earnings Power Value	Intrinsic	—	—	$1.50	-92.2%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$1.31	-89.2%	—	—
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
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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GF vs GLAD — Which Stock Is More Undervalued?

GLAD scores higher with a 8.2/10 quality rating vs GF's 1.8/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing New Germany Fund, Inc. (The) (GF) and Gladstone Capital Corporation (GLAD) 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.

GF currently trades at $12.14 with a QOC of 1.8/10, while GLAD trades at $19.35 with a QOC of 8.2/10.

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).