Is HYI or ICMB more undervalued in 2026?

CirclFi compares Western Asset High Yield Define (HYI) and Investcorp Credit Management BD (ICMB) using 13 institutional-grade valuation models. HYI has a Quality of Company score of 1.7/10 while ICMB scores 4.6/10.

Which is a better buy — HYI or ICMB?

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 HYI and ICMB valuations compare?

HYI at $10.61 and ICMB at $1.28 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

HYI vs ICMB Valuation Comparison 2026 — Intrinsic Value Analysis

HYI

Asset Management

Western Asset High Yield Define

Quality

1.7

out of 10

Value Trap

—

Price

$10.61

Last close

Models

6/13

Active

ICMB

Asset Management

Investcorp Credit Management BD

Quality

4.6

out of 10

Value Trap

SAFE

Price

$1.28

Last close

Models

6/13

Active

Model-by-Model Comparison

Model	Type	HYI Fair Value	HYI Upside	ICMB Fair Value	ICMB Upside
Bayesian DCF	Intrinsic	$2.81	-73.5%	$5.95	+364.6%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$9.97	-6.1%	$5.34	+316.9%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%

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HYI vs ICMB — Which Stock Is More Undervalued?

ICMB scores higher with a 4.6/10 quality rating vs HYI's 1.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Western Asset High Yield Define (HYI) and Investcorp Credit Management BD (ICMB) 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.

HYI currently trades at $10.61 with a QOC of 1.7/10, while ICMB trades at $1.28 with a QOC of 4.6/10.

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).