ECA Marcellus Trust IECTM +5.98%55 ROC (Joel Greenblatt) % is 69.45% as of Mar. 2026, which is 525% above its 10-year median of 11.11. GuruFocus rates ECTM with a GF Score™ of 55/100 and a GF Value™ of $0.68 (Fairly Valued). The stock has 2 warning signs investors should review. Among 999 Oil & Gas companies, ECA Marcellus Trust I ranks better than 86.59% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. ECA Marcellus Trust I's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 69.45%.
The historical rank and industry rank for ECA Marcellus Trust I's ROC (Joel Greenblatt) % or its related term are showing as below:
ECTM'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.91 Med: 11.11 Max: 74.99
Current: 30.94
During the past 13 years, ECA Marcellus Trust I's highest ROC (Joel Greenblatt) % was 74.99%. The lowest was 0.91%. And the median was 11.11%.
ECTM's ROC (Joel Greenblatt) % is ranked better than 86.59% of 999
companies
in the Oil & Gas industry
Industry Median: 8.41
vs ECTM: 30.94
ECA Marcellus Trust I's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 34.40% per year.
ECA Marcellus Trust I (OTCPK:ECTM) ROC (Joel Greenblatt) % Explanation
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
ECA Marcellus Trust I ROC (Joel Greenblatt) % Related Terms
ECA Marcellus Trust I ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for ECA Marcellus Trust I's ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % Chart
ECTM vs SKYQ, VIVK, XOM: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas Integrated subindustry, ECA Marcellus Trust I's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, ECA Marcellus Trust I's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where ECA Marcellus Trust I's ROC (Joel Greenblatt) % falls into.
ECA Marcellus Trust I ROC (Joel Greenblatt) % Calculation
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.
* 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.
What does a ROC (Joel Greenblatt) % of 69.45% mean?
ECA Marcellus Trust I (ECTM) has a ROC (Joel Greenblatt) % of 69.45% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on ECA Marcellus Trust I and its competitors. This is 525% above median its historical median of 11.11. Over the past decade, ECA Marcellus Trust I's ROC (Joel Greenblatt) % has ranged from 0.91 to 74.99. According to the industry distribution chart, ECA Marcellus Trust I ranks #134 out of 999 companies in the Oil & Gas industry, placing it in the top 13.4%.
Is ECA Marcellus Trust I's ROC (Joel Greenblatt) % too high?
ECA Marcellus Trust I's current ROC (Joel Greenblatt) % of 69.45% is 525% above median its 10-year median of 11.11. Over the past 10 years, this metric has ranged from a low of 0.91 to a high of 74.99. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.41. ECA Marcellus Trust I's value of 69.45% is 725.8% above this industry median. Based on the distribution chart, ECA Marcellus Trust I ranks #134 out of 999 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. 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 ROC (Joel Greenblatt) % compare to SKYQ and VIVK?
According to the Oil & Gas industry distribution chart, ECA Marcellus Trust I ranks #134 out of 999 companies for ROC (Joel Greenblatt) %. This places ECA Marcellus Trust I in the top 13% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.41. ECA Marcellus Trust I's value of 69.45% is 725.8% above this benchmark. Historically, ECA Marcellus Trust I's own ROC (Joel Greenblatt) % has ranged from 0.91 to 74.99 over the past decade. While the company's 10-year median is 11.11 vs. the industry median of 8.41, ECA Marcellus Trust I has consistently been above 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 ROC (Joel Greenblatt) % for an Oil & Gas company?
The median ROC (Joel Greenblatt) % among Oil & Gas companies is 8.41, based on 999 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ECA Marcellus Trust I's current ROC (Joel Greenblatt) % of 69.45% is 725.8% above 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 ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on ECA Marcellus Trust I and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ECA Marcellus Trust I's current ROC (Joel Greenblatt) % is 69.45%, which is 525% above median its own 10-year median of 11.11. 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 $0.68, compared to a current price of $0.62 — trading 8.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 69.45%, which is 525% above median its 10-year median of 11.11 and 725.8% above the Oil & Gas industry median of 8.41. 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 ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For ECA Marcellus Trust I (ECTM), the current ROC (Joel Greenblatt) % is 69.45% 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 $0.62 is trading 8.8% below its estimated GF Value™ of $0.68.
GuruFocus considers ECA Marcellus Trust I to be Fairly Valued.
Key valuation signals for ECTM:
ROC (Joel Greenblatt) %: 69.45% (525% above median its 10-year median of 11.11)
GF Value™: $0.68 vs. price of $0.62 (8.8% below fair value)
Industry Position: 725.8% above the Oil & Gas median (#134 of 999)
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 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
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