Is RSF or RWAY more undervalued in 2026?

CirclFi compares RiverNorth Specialty Finance Co (RSF) and Runway Growth Finance Corp. (RWAY) using 13 institutional-grade valuation models. RSF has a Quality of Company score of 1.7/10 while RWAY scores 6.0/10.

Which is a better buy — RSF or RWAY?

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 RSF and RWAY valuations compare?

RSF at $14.59 and RWAY at $6.53 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

RSF vs RWAY Valuation Comparison 2026 — Intrinsic Value Analysis

RSF

Asset Management

RiverNorth Specialty Finance Co

Quality

1.7

out of 10

Value Trap

—

Price

$14.59

Last close

Models

6/13

Active

RWAY

Asset Management

Runway Growth Finance Corp.

Quality

6.0

out of 10

Value Trap

SAFE

Price

$6.53

Last close

Models

8/13

Active

Model-by-Model Comparison

Model	Type	RSF Fair Value	RSF Upside	RWAY Fair Value	RWAY Upside
Bayesian DCF	Intrinsic	$3.86	-73.5%	—	—
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$17.54	+20.5%	—	—
ML-RIV	Intrinsic	$11.00	-24.6%	$10.34	+58.3%
Dynamic NAV	Asset-Based	—	—	$0.28	-95.9%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%

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RSF vs RWAY — Which Stock Is More Undervalued?

RWAY scores higher with a 6.0/10 quality rating vs RSF's 1.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing RiverNorth Specialty Finance Co (RSF) and Runway Growth Finance Corp. (RWAY) 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.

RSF currently trades at $14.59 with a QOC of 1.7/10, while RWAY trades at $6.53 with a QOC of 6.0/10.

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).