Is RAND or RFMZ more undervalued in 2026?

CirclFi compares Rand Capital Corporation (RAND) and RFMZ (RFMZ) using 13 institutional-grade valuation models. RAND has a Quality of Company score of 7.5/10 while RFMZ scores 1.7/10.

Which is a better buy — RAND or RFMZ?

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 RAND and RFMZ valuations compare?

RAND at $10.70 and RFMZ at $13.24 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

RAND vs RFMZ Valuation Comparison 2026 — Intrinsic Value Analysis

RAND

Asset Management

Rand Capital Corporation

Quality

7.5

out of 10

Value Trap

SAFE

Price

$10.70

Last close

Models

9/13

Active

RFMZ

Asset Management

RFMZ

Quality

1.7

out of 10

Value Trap

—

Price

$13.24

Last close

Models

6/13

Active

Model-by-Model Comparison

Model	Type	RAND Fair Value	RAND Upside	RFMZ Fair Value	RFMZ Upside
Bayesian DCF	Intrinsic	$48.10	+349.6%	$3.51	-73.5%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	—	—	$10.54	-19.4%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$8.38	-21.7%	—	—
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%

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RAND vs RFMZ — Which Stock Is More Undervalued?

RAND scores higher with a 7.5/10 quality rating vs RFMZ's 1.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Rand Capital Corporation (RAND) and RFMZ (RFMZ) 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.

RAND currently trades at $10.70 with a QOC of 7.5/10, while RFMZ trades at $13.24 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).