Is SAR or SBI more undervalued in 2026?

CirclFi compares Saratoga Investment Corp New (SAR) and Western Asset Intermediate Muni (SBI) using 13 institutional-grade valuation models. SAR has a Quality of Company score of 5.8/10 while SBI scores 1.7/10.

Which is a better buy — SAR or SBI?

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 SAR and SBI valuations compare?

SAR at $22.46 and SBI at $7.80 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

SAR vs SBI Valuation Comparison 2026 — Intrinsic Value Analysis

SAR

Asset Management

Saratoga Investment Corp New

Quality

5.8

out of 10

Value Trap

LOW

Price

$22.46

Last close

Models

10/13

Active

SBI

Asset Management

Western Asset Intermediate Muni

Quality

1.7

out of 10

Value Trap

—

Price

$7.80

Last close

Models

10/13

Active

Model-by-Model Comparison

Model	Type	SAR Fair Value	SAR Upside	SBI Fair Value	SBI Upside
Bayesian DCF	Intrinsic	$4.81	-78.4%	$2.06	-73.5%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$60.38	+168.8%	$5.89	-24.4%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$23.15	+3.1%	$1.01	-87.0%

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SAR vs SBI — Which Stock Is More Undervalued?

SAR scores higher with a 5.8/10 quality rating vs SBI's 1.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Saratoga Investment Corp New (SAR) and Western Asset Intermediate Muni (SBI) 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.

SAR currently trades at $22.46 with a QOC of 5.8/10, while SBI trades at $7.80 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).