PAXS vs PCQ

PIMCO Access Income Fund vs PIMCO California Municipal Inco — Valuation Comparison 2026

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

Quick Summary — PCQ scores higher on quality with 1.8/10 vs PAXS's 1.7/10. PAXS trades at $14.47 while PCQ trades at $8.89. Both analyzed daily using SEC EDGAR data across 13 institutional models.

PAXS

Asset Management
PIMCO Access Income Fund
Quality
1.7
out of 10
Value Trap
Price
$14.47
Last close
Models
6/13
Active
VS

PCQ

Asset Management
PIMCO California Municipal Inco
Quality
1.8
out of 10
Value Trap
Price
$8.89
Last close
Models
11/13
Active
PAXS
Markov DDM sees +11.3% upside
Quality 1.7/10 — below average
PCQ
2 models active
Quality 1.8/10 — below average

PAXS vs PCQ — Fair Value Comparison

PAXS
$0$6$12$18 Price$14.47 Bayesian …$3.76 (-74.0%) Markov DDM$15.65 (+11.3%)
PCQ
$0$3$7$10 Price$8.89 Bayesian …$2.31 (-74.0%) Markov DDM$7.04 (-20.8%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType PAXS Fair ValuePAXS Upside PCQ Fair ValuePCQ Upside
Bayesian DCF Intrinsic $3.76 -74.0% $2.31 -74.0%
First Chicago Scenario $•••.•• ••.•% $•••.•• ••.•%
Markov DDM Intrinsic $15.65 +11.3% $7.04 -20.8%
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 $•••.•• ••.•% $•••.•• ••.•%

PAXS vs PCQ — Which Stock Is More Undervalued in 2026?

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

How Do PAXS and PCQ Valuations Compare?

At $14.47, PAXS trades +74.0% above its Bayesian DCF fair value of $3.76, while PCQ at $8.89 trades +74.0% above its estimate of $2.31. PAXS shows a wider gap between price and intrinsic value.

Quality of Company: PAXS vs PCQ

PAXS earns a Quality of Company score of 1.7/10 compared to PCQ'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: PAXS vs PCQ

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

Both in Asset Management

Both PAXS and PCQ 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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