Prices and market caps: Cboe delayed data, at least 15 minutes delayed. Not real-time. Fundamentals from company filings.

DBC — Fair Value Analysis

Invesco DB Commodity Index Tracking Fund

Current: $32.54Undervalued

Fair Value Range

Bear Case (25th pct.)

$51.41

58.0% vs price

Base Case (Median)

$55.41

70.3% vs price

Bull Case (75th pct.)

$59.41

82.6% vs price

$51.41$55.41$59.41

◇ = Current price | | Bear | Base | Bull

Method Breakdown

Method	Est. Value	vs Price	Weight
PE Comparable	$63.41	94.9%	Medium (25%)
Graham Number	$47.41	45.7%	High (80%)

Interpretation

Based on 2 out of 8 methods, DBC appears undervalued at the current price of $32.54. The base case fair value of $55.41 implies 70.3% upside.

Bear/base/bull cases represent the 25th, 50th, and 75th percentile of available method estimates. This is not financial advice. Valuation is inherently uncertain.