GSBD vs HEQ

Goldman Sachs BDC, Inc. vs John Hancock Hedged Equity & In — Valuation Comparison 2026

By CirclFi Research Team · Updated 2026-06-03 · Data from SEC EDGAR, FRED & GDELT

Quick Summary — GSBD scores higher on quality with 6.7/10 vs HEQ's 1.7/10. GSBD trades at $9.14 while HEQ trades at $11.84. Both analyzed daily using SEC EDGAR data across 13 institutional models.

GSBD

Asset Management
Goldman Sachs BDC, Inc.
Quality
6.7
out of 10
Value Trap
Price
$9.14
Last close
Models
10/13
Active
VS

HEQ

Asset Management
John Hancock Hedged Equity & In
Quality
1.7
out of 10
Value Trap
Price
$11.84
Last close
Models
6/13
Active
GSBD
RCMH-DCF sees +433.0% upside
Limited to 2/13 visible models
HEQ
2 models active
Quality 1.7/10 — below average

GSBD vs HEQ — Fair Value Comparison

GSBD
$0$19$38$57 Price$9.14 Bayesian …$6.07 (-33.6%) RCMH-DCF$48.72 (+433.0%)
HEQ
$0$5$9$14 Price$11.84 Bayesian …$3.08 (-74.0%) Markov DDM$10.59 (-8.0%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType GSBD Fair ValueGSBD Upside HEQ Fair ValueHEQ Upside
Bayesian DCF Intrinsic $6.07 -33.6% $3.08 -74.0%
EROIC Spread Intrinsic $•••.•• ••.•% $•••.•• ••.•%
First Chicago Scenario $•••.•• ••.•% $•••.•• ••.•%
Markov DDM Intrinsic $7.59 -17.0% $10.59 -8.0%
ML-RIV Intrinsic $•••.•• ••.•% $•••.•• ••.•%
PWERM Option-Based $•••.•• ••.•% $•••.•• ••.•%
Regime Cross-Sectional Relative $•••.•• ••.•% $•••.•• ••.•%
Sentiment SOTP Hybrid $•••.•• ••.•% $•••.•• ••.•%
CUCE Ensemble Ensemble $•••.•• ••.•% $•••.•• ••.•%
FTNN Topology Relative $•••.•• ••.•% $•••.•• ••.•%
RCMH-DCF Intrinsic $48.72 +433.0%

GSBD vs HEQ — Which Stock Is More Undervalued in 2026?

GSBD scores higher with a 6.7/10 quality rating vs HEQ's 1.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do GSBD and HEQ Valuations Compare?

At $9.14, GSBD trades +33.6% above its Bayesian DCF fair value of $6.07, while HEQ at $11.84 trades +74.0% above its estimate of $3.08. HEQ shows a wider gap between price and intrinsic value.

Quality of Company: GSBD vs HEQ

GSBD earns a Quality of Company score of 6.7/10 compared to HEQ's 1.7/10. This is a significant quality gap — the higher-scoring company demonstrates materially stronger fundamentals across profitability, growth consistency, and balance sheet health. The QOC score synthesizes 32 signals spanning profitability margins, revenue growth, free cash flow, capital allocation, and leverage.

Value Trap Risk: GSBD vs HEQ

Review the value trap analysis for both GSBD and HEQ to assess whether apparent undervaluation reflects genuine opportunity or hidden fundamental risk.

Both in Asset Management

Both GSBD and HEQ operate in Asset Management, which has 448 stocks tracked by CirclFi. Same-industry comparisons provide the most direct insight into relative valuation since both companies face similar regulatory environments, market dynamics, and competitive pressures. 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), and ensemble methods (CUCE).

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