Is SAR or SCM more undervalued in 2026?

CirclFi compares Saratoga Investment Corp New (SAR) and Stellus Capital Investment Corp (SCM) using 13 institutional-grade valuation models. SAR has a Quality of Company score of 5.8/10 while SCM scores 7.3/10.

Which is a better buy — SAR or SCM?

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 SCM valuations compare?

SAR at $22.46 and SCM at $9.19 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

SAR vs SCM 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

SCM

Asset Management

Stellus Capital Investment Corp

Quality

7.3

out of 10

Value Trap

SAFE

Price

$9.19

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	SAR Fair Value	SAR Upside	SCM Fair Value	SCM Upside
Bayesian DCF	Intrinsic	$4.81	-78.4%	$1.15	-87.5%
Earnings Power Value	Intrinsic	—	—	$0.18	-98.1%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$60.38	+168.8%	$23.37	+154.3%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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SAR vs SCM — Which Stock Is More Undervalued?

SCM scores higher with a 7.3/10 quality rating vs SAR's 5.8/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Saratoga Investment Corp New (SAR) and Stellus Capital Investment Corp (SCM) 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 SCM trades at $9.19 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).