ECTM (ECA Marcellus Trust I) Net Cash per Share: $0.11 (As of Mar. 2026) — 98% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ECTM ECA Marcellus Trust I ECTM
55 GF Score
Price $0.63
GF Value $0.67
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is ECA Marcellus Trust I Net Cash per Share?

ECA Marcellus Trust I ECTM +1.04% 55 Net Cash per Share is $0.11 as of Mar. 2026, which is 98% below its 10-year median of 4.87. GuruFocus rates ECTM with a GF Score™ of 55/100 and a GF Value™ of $0.67 (Fairly Valued). The stock has 2 warning signs investors should review. Among 131 Oil & Gas companies, ECA Marcellus Trust I ranks better than 55.73% on this metric.

Net Cash per Share is calculated as Cash, Cash Equivalents, Marketable Securities minus Total Liabilities minus Minority Interest and then divided by Shares Outstanding (EOP). ECA Marcellus Trust I's Net Cash per Share for the quarter that ended in Mar. 2026 was $0.11.

The historical rank and industry rank for ECA Marcellus Trust I's Net Cash per Share or its related term are showing as below:

ECTM' s Price-to-Net-Cash Range Over the Past 10 Years
Min: 2.93   Med: 4.87   Max: 70
Current: 5.68

During the past 13 years, the highest Price-to-Net-Cash Ratio of ECA Marcellus Trust I was 70.00. The lowest was 2.93. And the median was 4.87.

ECTM's Price-to-Net-Cash is ranked better than
55.73% of 131 companies
in the Oil & Gas industry
Industry Median: 8.25 vs ECTM: 5.68

ECA Marcellus Trust I  (OTCPK:ECTM) Net Cash per Share Explanation

Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.


ECA Marcellus Trust I Net Cash per Share Related Terms


ECA Marcellus Trust I Net Cash per Share Historical Data

* Premium members only.

The historical data trend for ECA Marcellus Trust I's Net Cash per Share 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 Net Cash per Share Chart

ECA Marcellus Trust I Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Cash per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.04 0.00 0.12 0.13 0.15

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
Net Cash per Share 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 0.11 0.14 0.16 0.15 0.11

ECTM vs SKYQ, VIVK, XOM: Net Cash per Share Comparison

For the Oil & Gas Integrated subindustry, ECA Marcellus Trust I's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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 Price-to-Net-Cash vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, ECA Marcellus Trust I's Price-to-Net-Cash distribution charts can be found below:

* The bar in red indicates where ECA Marcellus Trust I's Price-to-Net-Cash falls into.


ECTM
55GF Score
ECA Marcellus Trust I ECTM
Net Cash per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ECA Marcellus Trust I Net Cash per Share Calculation

In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.

ECA Marcellus Trust I's Net Cash per Share for the fiscal year that ended in Dec. 2025 is calculated as

Net Cash per Share (A: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(3.234-0.642-0)/17.605
=0.15

ECA Marcellus Trust I's Net Cash per Share for the quarter that ended in Mar. 2026 is calculated as

Net Cash per Share (Q: Mar. 2026 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(3.451-1.583-0)/17.605
=0.11

* 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.

Frequently Asked Questions Learn more about Net Cash per Share →
What does a Net Cash per Share of $0.11 mean?
ECA Marcellus Trust I (ECTM) has a Net Cash per Share of $0.11 as of Mar. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on ECA Marcellus Trust I and its competitors. This is 98% below median its historical median of 4.87. Over the past decade, ECA Marcellus Trust I's Net Cash per Share has ranged from 2.93 to 70.00. According to the industry distribution chart, ECA Marcellus Trust I ranks #58 out of 131 companies in the Oil & Gas industry, placing it in the top 44.3%.
Is ECA Marcellus Trust I's Net Cash per Share too high?
ECA Marcellus Trust I's current Net Cash per Share of $0.11 is 98% below median its 10-year median of 4.87. Over the past 10 years, this metric has ranged from a low of 2.93 to a high of 70.00. The Oil & Gas industry median Net Cash per Share is 8.25. ECA Marcellus Trust I's value of $0.11 is 98.7% below this industry median. Based on the distribution chart, ECA Marcellus Trust I ranks #58 out of 131 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, ECA Marcellus Trust I has a GF Score™ of 55/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ECA Marcellus Trust I's Net Cash per Share compare to SKYQ and VIVK?
According to the Oil & Gas industry distribution chart, ECA Marcellus Trust I ranks #58 out of 131 companies for Net Cash per Share. This puts ECA Marcellus Trust I in the upper half of its industry. The industry median Net Cash per Share is 8.25. ECA Marcellus Trust I's value of $0.11 is 98.7% below this benchmark. Historically, ECA Marcellus Trust I's own Net Cash per Share has ranged from 2.93 to 70.00 over the past decade. While the company's 10-year median is 4.87 vs. the industry median of 8.25, ECA Marcellus Trust I has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Cash per Share for an Oil & Gas company?
The median Net Cash per Share among Oil & Gas companies is 8.25, based on 131 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ECA Marcellus Trust I's current Net Cash per Share of $0.11 is 98.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on ECA Marcellus Trust I and its competitors. For the Oil & Gas industry, the median Net Cash per Share is 8.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ECA Marcellus Trust I's current Net Cash per Share is $0.11, which is 98% below median its own 10-year median of 4.87. 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 Fairly Valued. The stock's GF Value™ is $0.67, compared to a current price of $0.63 — trading 6.7% below its estimated fair value. The current Net Cash per Share is $0.11, which is 98% below median its 10-year median of 4.87 and 98.7% below the Oil & Gas industry median of 8.25. ECA Marcellus Trust I's overall GF Score™ is 55/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Cash per Share calculated?
Net Cash per Share is calculated from a company's financial statements. For ECA Marcellus Trust I (ECTM), the current Net Cash per Share is $0.11 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 $0.63 is trading 6.7% below its estimated GF Value™ of $0.67. GuruFocus considers ECA Marcellus Trust I to be Fairly Valued.

Key valuation signals for ECTM:

  • Net Cash per Share: $0.11 (98% below median its 10-year median of 4.87)
  • GF Value™: $0.67 vs. price of $0.63 (6.7% below fair value)
  • GF Score™: 55/100 with 2 warning signs
  • Industry Position: 98.7% below the Oil & Gas median (#58 of 131)

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.
55GF Score

Get the complete analysis for ECTM

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

$0.63
Price
$0.67
GF Value