Best DAC for pcm files

Lots of good suggestions already - enough to keep you busy for a while. But, frankly, ignore those claims that you should ignore an entire class of DACS (Delta Sigma). If someone wants to suggest that a particular brand doesn't execute their DAC well, that's perfectly reasonable. That likely happens in every category, whether DS, R2R, etc. But to suggest an entire category, and all manufacturers and models within that category, should be ignored is over-generalization and crazy talk.

Do some read on how to convert PCM Bcgator, then you will understand why Multibit is the way to go and why many now are reverting back to it for PCM only conversion and giving DSD/sacd a miss.
We really blew it with DVD-A and also it seems now DXD maybe next

Cheers George

MSB Analog DAC, with Power Supply, Quad Rate DSD or Network Renderer.

MSB Analog is one of the most Analog Sounding, Gobs of bass and very smooth. Its an Adept in PCM Files. DSD sounds good too but I have not tried other Dacs for DSD Audio.

Modwright Elyse. Fantastic analog sounding and you could tube roll.