Is TBLD or TDF more undervalued in 2026?

CirclFi compares Thornburg Income Builder Opport (TBLD) and Templeton Dragon Fund, Inc. (TDF) using 13 institutional-grade valuation models. TBLD has a Quality of Company score of 1.7/10 while TDF scores 1.7/10.

Which is a better buy — TBLD or TDF?

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 TBLD and TDF valuations compare?

TBLD at $22.50 and TDF at $11.18 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

TBLD vs TDF Valuation Comparison 2026 — Intrinsic Value Analysis

TBLD

Asset Management

Thornburg Income Builder Opport

Quality

1.7

out of 10

Value Trap

—

Price

$22.50

Last close

Models

6/13

Active

TDF

Asset Management

Templeton Dragon Fund, Inc.

Quality

1.7

out of 10

Value Trap

—

Price

$11.18

Last close

Models

9/13

Active

Model-by-Model Comparison

Model	Type	TBLD Fair Value	TBLD Upside	TDF Fair Value	TDF Upside
Bayesian DCF	Intrinsic	$5.96	-73.5%	$2.96	-73.5%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$13.24	-39.3%	$43.86	+288.8%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%

🔒

Unlock Full 13-Model Comparison

Access all valuation models for TBLD vs TDF — including EROIC Spread, First Chicago, Markov DDM, PWERM, and 7 more.

Access Full Analysis — From $27/mo →

TBLD vs TDF — Which Stock Is More Undervalued?

Both TBLD and TDF score 1.7/10 on quality. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Thornburg Income Builder Opport (TBLD) and Templeton Dragon Fund, Inc. (TDF) 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.

TBLD currently trades at $22.50 with a QOC of 1.7/10, while TDF trades at $11.18 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).