Sprott Physical Gold Trust (PHYS) Fair Value 2026 — DCF & Multi-Method Analysis | EvidInvest | EvidInvest

PHYS — Fair Value Analysis

Sprott Physical Gold Trust

Current: $33.61Undervalued

Fair Value Range

Bear Case (25th pct.)

$93.29

177.6% vs price

Base Case (Median)

$121.13

260.4% vs price

Bull Case (75th pct.)

$148.98

343.3% vs price

$93.29$121.13$148.98

◇ = Current price | |Bear |Base | Bull

Method Breakdown

Method	Est. Value	vs Price	Weight
PE Comparable	$65.44	94.7%	Medium (25%)
Growth Trajectory DCF	$176.83	426.1%	Medium (20%)

Interpretation

Based on 2 out of 8 methods, PHYS appears undervalued at the current price of $33.61. The base case fair value of $121.13 implies 260.4% 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.