Is RJF or RMM more undervalued in 2026?

CirclFi compares Raymond James Financial, Inc. (RJF) and RiverNorth Managed Duration Mun (RMM) using 13 institutional-grade valuation models. RJF has a Quality of Company score of 8.9/10 while RMM scores 1.7/10.

Which is a better buy — RJF or RMM?

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 RJF and RMM valuations compare?

RJF at $142.00 and RMM at $14.59 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

RJF vs RMM Valuation Comparison 2026 — Intrinsic Value Analysis

RJF

Asset Management

Raymond James Financial, Inc.

Quality

8.9

out of 10

Value Trap

SAFE

Price

$142.00

Last close

Models

12/13

Active

RMM

Asset Management

RiverNorth Managed Duration Mun

Quality

1.7

out of 10

Value Trap

—

Price

$14.59

Last close

Models

6/13

Active

Model-by-Model Comparison

Model	Type	RJF Fair Value	RJF Upside	RMM Fair Value	RMM Upside
Bayesian DCF	Intrinsic	$242.41	+70.7%	$3.86	-73.5%
Earnings Power Value	Intrinsic	$138.49	-2.5%	—	—
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$263.87	+85.8%	$9.25	-34.8%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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RJF vs RMM — Which Stock Is More Undervalued?

RJF scores higher with a 8.9/10 quality rating vs RMM's 1.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Raymond James Financial, Inc. (RJF) and RiverNorth Managed Duration Mun (RMM) 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.

RJF currently trades at $142.00 with a QOC of 8.9/10, while RMM trades at $14.59 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).