Is IIM or IQI more undervalued in 2026?

CirclFi compares Invesco Value Municipal Income (IIM) and Invesco Quality Municipal Incom (IQI) using 13 institutional-grade valuation models. IIM has a Quality of Company score of 1.8/10 while IQI scores 1.7/10.

Which is a better buy — IIM or IQI?

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 IIM and IQI valuations compare?

IIM at $12.38 and IQI at $9.91 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

IIM vs IQI Valuation Comparison 2026 — Intrinsic Value Analysis

IIM

Asset Management

Invesco Value Municipal Income

Quality

1.8

out of 10

Value Trap

—

Price

$12.38

Last close

Models

11/13

Active

IQI

Asset Management

Invesco Quality Municipal Incom

Quality

1.7

out of 10

Value Trap

—

Price

$9.91

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	IIM Fair Value	IIM Upside	IQI Fair Value	IQI Upside
Bayesian DCF	Intrinsic	$3.28	-73.5%	$2.62	-73.5%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$8.13	-34.3%	$6.69	-31.5%
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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IIM vs IQI — Which Stock Is More Undervalued?

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

Comparing Invesco Value Municipal Income (IIM) and Invesco Quality Municipal Incom (IQI) 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.

IIM currently trades at $12.38 with a QOC of 1.8/10, while IQI trades at $9.91 with a QOC of 1.7/10.

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).