Is GLXY or HGBL more undervalued in 2026?

CirclFi compares Galaxy Digital Inc. (GLXY) and Heritage Global Inc. (HGBL) using 13 institutional-grade valuation models. GLXY has a Quality of Company score of 6.4/10 while HGBL scores 7.2/10.

Which is a better buy — GLXY or HGBL?

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 GLXY and HGBL valuations compare?

GLXY at $30.13 and HGBL at $1.26 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

GLXY vs HGBL Valuation Comparison 2026 — Intrinsic Value Analysis

GLXY

Capital Markets

Galaxy Digital Inc.

Quality

6.4

out of 10

Value Trap

—

Price

$30.13

Last close

Models

11/13

Active

HGBL

Capital Markets

Heritage Global Inc.

Quality

7.2

out of 10

Value Trap

SAFE

Price

$1.26

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	GLXY Fair Value	GLXY Upside	HGBL Fair Value	HGBL Upside
Bayesian DCF	Intrinsic	$31.72	+5.3%	$2.76	+119.3%
Earnings Power Value	Intrinsic	$26.00	-13.7%	$0.72	-42.9%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%

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GLXY vs HGBL — Which Stock Is More Undervalued?

HGBL scores higher with a 7.2/10 quality rating vs GLXY's 6.4/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Galaxy Digital Inc. (GLXY) and Heritage Global Inc. (HGBL) 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.

GLXY currently trades at $30.13 with a QOC of 6.4/10, while HGBL trades at $1.26 with a QOC of 7.2/10.

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).