Is HERZ or HNNA more undervalued in 2026?

CirclFi compares Herzfeld Credit Income Fund, In (HERZ) and Hennessy Advisors, Inc. (HNNA) using 13 institutional-grade valuation models. HERZ has a Quality of Company score of 1.7/10 while HNNA scores 8.6/10.

Which is a better buy — HERZ or HNNA?

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 HERZ and HNNA valuations compare?

HERZ at $18.75 and HNNA at $10.10 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

HERZ vs HNNA Valuation Comparison 2026 — Intrinsic Value Analysis

HERZ

Asset Management

Herzfeld Credit Income Fund, In

Quality

1.7

out of 10

Value Trap

—

Price

$18.75

Last close

Models

8/13

Active

HNNA

Asset Management

Hennessy Advisors, Inc.

Quality

8.6

out of 10

Value Trap

SAFE

Price

$10.10

Last close

Models

13/13

Active

Model-by-Model Comparison

Model	Type	HERZ Fair Value	HERZ Upside	HNNA Fair Value	HNNA Upside
Bayesian DCF	Intrinsic	$4.96	-73.5%	$19.05	+88.6%
Earnings Power Value	Intrinsic	—	—	$11.07	+9.6%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$21.61	+25.5%	$5.09	-49.6%
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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HERZ vs HNNA — Which Stock Is More Undervalued?

HNNA scores higher with a 8.6/10 quality rating vs HERZ's 1.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Herzfeld Credit Income Fund, In (HERZ) and Hennessy Advisors, Inc. (HNNA) 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.

HERZ currently trades at $18.75 with a QOC of 1.7/10, while HNNA trades at $10.10 with a QOC of 8.6/10.

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).