IGI vs IIM

Western Asset Investment Grade vs Invesco Value Municipal Income — Valuation Comparison 2026

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

Quick Summary — IIM scores higher on quality with 1.8/10 vs IGI's 1.7/10. IGI trades at $16.08 while IIM trades at $12.49. Both analyzed daily using SEC EDGAR data across 13 institutional models.

IGI

Asset Management
Western Asset Investment Grade
Quality
1.7
out of 10
Value Trap
Price
$16.08
Last close
Models
6/13
Active
VS

IIM

Asset Management
Invesco Value Municipal Income
Quality
1.8
out of 10
Value Trap
Price
$12.49
Last close
Models
11/13
Active
IGI
2 models active
Quality 1.7/10 — below average
IIM
2 models active
Quality 1.8/10 — below average

IGI vs IIM — Fair Value Comparison

IGI
$0$6$13$19 Price$16.08 Bayesian …$4.18 (-74.0%) Markov DDM$7.49 (-53.4%)
IIM
$0$5$10$15 Price$12.49 Bayesian …$3.25 (-74.0%) Markov DDM$7.98 (-36.1%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType IGI Fair ValueIGI Upside IIM Fair ValueIIM Upside
Bayesian DCF Intrinsic $4.18 -74.0% $3.25 -74.0%
First Chicago Scenario $•••.•• ••.•% $•••.•• ••.•%
Markov DDM Intrinsic $7.49 -53.4% $7.98 -36.1%
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 $•••.•• ••.•% $•••.•• ••.•%

IGI vs IIM — Which Stock Is More Undervalued in 2026?

IIM scores higher with a 1.8/10 quality rating vs IGI's 1.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do IGI and IIM Valuations Compare?

At $16.08, IGI trades +74.0% above its Bayesian DCF fair value of $4.18, while IIM at $12.49 trades +74.0% above its estimate of $3.25. IGI shows a wider gap between price and intrinsic value.

Quality of Company: IGI vs IIM

IGI earns a Quality of Company score of 1.7/10 compared to IIM's 1.8/10. The scores are closely matched, indicating similar fundamental quality profiles. The QOC score synthesizes 32 signals spanning profitability margins, revenue growth, free cash flow, capital allocation, and leverage.

Value Trap Risk: IGI vs IIM

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

Both in Asset Management

Both IGI and IIM 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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