Is RWT or SAFE more undervalued in 2026?

CirclFi compares Redwood Trust, Inc. (RWT) and Safehold Inc. New (SAFE) using 13 institutional-grade valuation models. RWT has a Quality of Company score of 5.3/10 while SAFE scores 7.3/10.

Which is a better buy — RWT or SAFE?

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 RWT and SAFE valuations compare?

RWT at $5.42 and SAFE at $14.97 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

RWT vs SAFE Valuation Comparison 2026 — Intrinsic Value Analysis

RWT

Real Estate Investment Trusts

Redwood Trust, Inc.

Quality

5.3

out of 10

Value Trap

SAFE

Price

$5.42

Last close

Models

10/13

Active

SAFE

Real Estate Investment Trusts

Safehold Inc. New

Quality

7.3

out of 10

Value Trap

SAFE

Price

$14.97

Last close

Models

10/13

Active

Model-by-Model Comparison

Model	Type	RWT Fair Value	RWT Upside	SAFE Fair Value	SAFE Upside
Bayesian DCF	Intrinsic	$1.11	-79.5%	—	—
Earnings Power Value	Intrinsic	$3.38	-41.0%	—	—
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$13.67	+152.3%	$13.21	-11.8%
ML-RIV	Intrinsic	$12.30	+127.0%	$83.55	+458.1%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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RWT vs SAFE — Which Stock Is More Undervalued?

SAFE scores higher with a 7.3/10 quality rating vs RWT's 5.3/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Redwood Trust, Inc. (RWT) and Safehold Inc. New (SAFE) 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.

RWT currently trades at $5.42 with a QOC of 5.3/10, while SAFE trades at $14.97 with a QOC of 7.3/10.

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).