Is TCPC or THW more undervalued in 2026?

CirclFi compares BlackRock TCP Capital Corp. (TCPC) and Tekla World Healthcare Fund Sha (THW) using 13 institutional-grade valuation models. TCPC has a Quality of Company score of 5.3/10 while THW scores 1.7/10.

Which is a better buy — TCPC or THW?

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 TCPC and THW valuations compare?

TCPC at $3.85 and THW at $12.90 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

TCPC vs THW Valuation Comparison 2026 — Intrinsic Value Analysis

TCPC

Asset Management

BlackRock TCP Capital Corp.

Quality

5.3

out of 10

Value Trap

SAFE

Price

$3.85

Last close

Models

8/13

Active

THW

Asset Management

Tekla World Healthcare Fund Sha

Quality

1.7

out of 10

Value Trap

—

Price

$12.90

Last close

Models

5/13

Active

Model-by-Model Comparison

Model	Type	TCPC Fair Value	TCPC Upside	THW Fair Value	THW Upside
Bayesian DCF	Intrinsic	$12.94	+236.1%	$3.42	-73.5%
Earnings Power Value	Intrinsic	$6.29	+44.2%	—	—
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	—	—	$15.75	+23.1%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%

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TCPC vs THW — Which Stock Is More Undervalued?

TCPC scores higher with a 5.3/10 quality rating vs THW's 1.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing BlackRock TCP Capital Corp. (TCPC) and Tekla World Healthcare Fund Sha (THW) 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.

TCPC currently trades at $3.85 with a QOC of 5.3/10, while THW trades at $12.90 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).