ECTM (ECA Marcellus Trust I) E10: $0.30 (As of Mar. 2026)


ECTM ECA Marcellus Trust I ECTM
53 GF Score
Price $0.61
GF Value $0.68
Valuation Modestly Undervalued
! 2 Warning Signs
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What is ECA Marcellus Trust I E10?

ECA Marcellus Trust I ECTM -2.77% 53 E10 is $0.30 as of Mar. 2026. GuruFocus rates ECTM with a GF Score™ of 53/100 and a GF Value™ of $0.68 (Modestly Undervalued). The stock has 2 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

ECA Marcellus Trust I's adjusted earnings per share data for the three months ended in Mar. 2026 was $0.090. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.30 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was -22.80% per year. During the past 5 years, the average E10 Growth Rate was -25.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of ECA Marcellus Trust I was -22.80% per year. The lowest was -29.40% per year. And the median was -26.70% per year.

As of today (2026-06-25), ECA Marcellus Trust I's current stock price is $0.6098. ECA Marcellus Trust I's E10 for the quarter that ended in Mar. 2026 was $0.30. ECA Marcellus Trust I's Shiller PE Ratio of today is 2.03.

During the past 13 years, the highest Shiller PE Ratio of ECA Marcellus Trust I was 4.65. The lowest was 0.18. And the median was 1.66.


ECA Marcellus Trust I  (OTCPK:ECTM) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

ECA Marcellus Trust I's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=0.6098/0.30
=2.03

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Shiller P/E Ratio of ECA Marcellus Trust I was 4.65. The lowest was 0.18. And the median was 1.66.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


ECA Marcellus Trust I E10 Related Terms


ECA Marcellus Trust I E10 Historical Data

* Premium members only.

The historical data trend for ECA Marcellus Trust I's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

ECA Marcellus Trust I E10 Chart

ECA Marcellus Trust I Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.88 0.63 0.43 0.31 0.29

ECA Marcellus Trust I Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.30 0.30 0.29 0.29 0.30

ECTM vs SKYQ, VIVK, XOM: E10 Comparison

For the Oil & Gas Integrated subindustry, ECA Marcellus Trust I's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ECA Marcellus Trust I Shiller PE Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, ECA Marcellus Trust I's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where ECA Marcellus Trust I's Shiller PE Ratio falls into.


ECTM
53GF Score
ECA Marcellus Trust I ECTM
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ECA Marcellus Trust I E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, ECA Marcellus Trust I's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.09/330.2130*330.2130
=0.090

Current CPI (Mar. 2026) = 330.2130.

ECA Marcellus Trust I Quarterly Data

per share eps CPI Adj_EPS
201606 0.028 241.018 0.038
201609 0.071 241.428 0.097
201612 0.074 241.432 0.101
201703 0.086 243.801 0.116
201706 0.100 244.955 0.135
201709 0.073 246.819 0.098
201712 0.067 246.524 0.090
201803 0.059 249.554 0.078
201806 0.064 251.989 0.084
201809 0.078 252.439 0.102
201812 0.113 251.233 0.149
201903 0.064 254.202 0.083
201906 0.037 256.143 0.048
201909 0.021 256.759 0.027
201912 0.019 256.974 0.024
202003 0.000 258.115 0.000
202006 0.000 257.797 0.000
202009 0.000 260.280 0.000
202012 0.009 260.474 0.011
202103 0.031 264.877 0.039
202106 0.028 271.696 0.034
202109 0.076 274.310 0.091
202112 0.136 278.802 0.161
202203 0.094 287.504 0.108
202206 0.176 296.311 0.196
202209 0.180 296.808 0.200
202212 0.124 296.797 0.138
202303 0.043 301.836 0.047
202306 0.000 305.109 0.000
202309 0.006 307.789 0.006
202312 0.030 306.746 0.032
202403 0.021 312.332 0.022
202406 0.000 314.175 0.000
202409 0.005 315.301 0.005
202412 0.020 315.605 0.021
202503 0.052 319.799 0.054
202506 0.020 322.561 0.020
202509 0.020 324.800 0.020
202512 0.036 324.054 0.037
202603 0.090 330.213 0.090

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of $0.30 mean?
ECA Marcellus Trust I (ECTM) has a E10 of $0.30 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on ECA Marcellus Trust I and its competitors.
Is ECA Marcellus Trust I's E10 too high?
ECA Marcellus Trust I's current E10 is $0.30. Overall, ECA Marcellus Trust I has a GF Score™ of 53/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ECA Marcellus Trust I's E10 compare to SKYQ and VIVK?
ECA Marcellus Trust I's E10 of $0.30 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for an Oil & Gas company?
A good E10 depends on the Oil & Gas industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on ECA Marcellus Trust I and its competitors. ECA Marcellus Trust I's current E10 is $0.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ECA Marcellus Trust I stock overvalued right now?
Based on GuruFocus' analysis, ECA Marcellus Trust I (ECTM) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.68, compared to a current price of $0.61 — trading 10.3% below its estimated fair value. The current E10 is $0.30. ECA Marcellus Trust I's overall GF Score™ is 53/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For ECA Marcellus Trust I (ECTM), the current E10 is $0.30 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is ECA Marcellus Trust I (ECTM) Overvalued in 2026?

Based on GuruFocus' analysis, ECA Marcellus Trust I stock appears to be undervalued. The current stock price of $0.61 is trading 10.3% below its estimated GF Value™ of $0.68. GuruFocus considers ECA Marcellus Trust I to be Modestly Undervalued.

Key valuation signals for ECTM:

  • E10: $0.30
  • GF Value™: $0.68 vs. price of $0.61 (10.3% below fair value)
  • GF Score™: 53/100 with 2 warning signs

No single metric tells the full story. See the ECTM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ECA Marcellus Trust I Business Description

Industry EnergyOil & Gas
Address 601 Travis Street, 16th Floor, Houston, TX, USA, 77002
ECA Marcellus Trust I is a statutory trust. The trust's purpose is, in general, to hold the Royalty Interests, to distribute to the Trust unitholders cash that the Trust receives in respect of the Royalty Interests after the payment of Trust expenses, and to perform certain administrative functions in respect of the Royalty Interests and the Trust units.
53GF Score

Get the complete analysis for ECTM

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.61
Price
$0.68
GF Value