Is IAE or ICMB more undervalued in 2026?

CirclFi compares Voya Asia Pacific High Dividend (IAE) and Investcorp Credit Management BD (ICMB) using 13 institutional-grade valuation models. IAE has a Quality of Company score of 1.7/10 while ICMB scores 4.6/10.

Which is a better buy — IAE 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 IAE and ICMB valuations compare?

IAE at $8.60 and ICMB at $1.28 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

IAE vs ICMB Valuation Comparison 2026 — Intrinsic Value Analysis

IAE

Asset Management

Voya Asia Pacific High Dividend

Quality

1.7

out of 10

Value Trap

—

Price

$8.60

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	IAE Fair Value	IAE Upside	ICMB Fair Value	ICMB Upside
Bayesian DCF	Intrinsic	$2.28	-73.5%	$5.95	+364.6%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$8.26	+1.1%	$5.34	+316.9%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%

🔒

Unlock Full 13-Model Comparison

Access all valuation models for IAE vs ICMB — including EROIC Spread, First Chicago, Markov DDM, PWERM, and 7 more.

Access Full Analysis — From $27/mo →

IAE vs ICMB — Which Stock Is More Undervalued?

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

Comparing Voya Asia Pacific High Dividend (IAE) 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.

IAE currently trades at $8.60 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).