Cross Timbers Royalty Trust (CRT) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Cross Timbers Royalty Trust $12.96, price $12.25, upside +5.8%, quality 63 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $6.75 – $23.36 · fair‑value band $12.94 – $12.97 · the $12.25 price screens below the $12.96 fair value. Dashed = 300-day average. As of Sep 23, 2026.
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Cross Timbers Royalty Trust operates as an express trust in the United States. It holds 90% net profits interests in certain producing and nonproducing royalty and overriding royalty interest properties in Texas, Oklahoma, and New Mexico; and 75% net profits working interest in four properties in Texas and three properties in Oklahoma.
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Cross Timbers Royalty Trust operates as an express trust in the United States. It holds 90% net profits interests in certain producing and nonproducing royalty and overriding royalty interest properties in Texas, Oklahoma, and New Mexico; and 75% net profits working interest in four properties in Texas and three properties in Oklahoma. Cross Timbers Royalty Trust was founded in 1991 and is headquartered in Dallas, Texas.
Stock analysis
Cross Timbers Royalty Trust (CRT) currently trades at $12.25, while our model-based Fair Value estimate is $12.96, implying the stock looks roughly 5.4% fairly valued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $10.48 per share, and 13 of the 22 models we run sit above the $12.25 price.
Bear case: the Dividend Discount group reads lowest at $5.57, and 9 of the 22 models stay below the price. Evidence for this calculation is medium.
Scenario range: $12.94 (bear) to $12.97 (bull), the price of $12.25 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 63/100 (solid quality), in the Energy sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Cross Timbers Royalty Trust reported revenue of $5.8M in FY2025 versus $7.4M in FY2021, a compound −6.1%/yr. Reported net income was $4.5M in FY2025, compounding −9.4%/yr from FY2021.
Key figures
Market cap $73.5M · P/E ratio 23.1 · P/S ratio 17.9 · EPS (TTM) $0.5300 · Dividend yield 6.1% · Net margin 77.6% · Return on equity 144% · Return on assets (EBIT) 155%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 81% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at 10% fair-value upside, at 6%, CRT screens richer than that median.
Fair Value models
Bear $12.94Fair Value $12.96Bull $12.97
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−11.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−22.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.7%
Start year 2020 (pandemic). Over 10 years: −4.2% a year
Revenue growth 33 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−0.7%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+3.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.1%
Dividend (yield on the price)6.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−3% vs −6%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.88% → 78%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 7.5%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Oil & Gas E&P · 308 stocks
Beats the industry median on 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score63 · Top 25%
Fair Value upside+6% · Above median
Profitability
Return on equity (TTM)144% · Top 25%
Return on assets59% · Top 25%
Net margin (TTM)71% · Top 25%
Operating margin (TTM)70% · Top 25%
Growth and dividend
Revenue growth−62% · Bottom 25%
Dividend yield (TTM)6.1% · Above median
Valuation Multiplesvs Oil & Gas E&P median · lower = cheaper
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Is Cross Timbers Royalty Trust (CRT) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $12.96 versus a price of $12.25, about +6% upside (fairly valued).
What is the fair value of CRT?
Our model-based fair value for Cross Timbers Royalty Trust is $12.96 (as of Sep 23, 2026), built from audited fundamentals. The current price: $12.25.
What is the quality score of CRT?
Cross Timbers Royalty Trust has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Cross Timbers Royalty Trust (CRT)?
Our model-based price target is the fair value of $12.96 (as of Sep 23, 2026) from 22 valuation models. Cautious scenario $12.94, optimistic scenario $12.97. It is a calculation from audited fundamentals, not an analyst target.
What is the Cross Timbers Royalty Trust stock forecast for 2026?
Our models put fair value at $12.96, about +6% upside versus a price of $12.25 (fairly valued). Cautious scenario $12.94, optimistic scenario $12.97. The calculation is refreshed regularly with new filings.
What is the revenue of Cross Timbers Royalty Trust (CRT)?
Cross Timbers Royalty Trust reported trailing-twelve-month revenue of about $4.5M (latest available figure, as of Sep 23, 2026).
Does Cross Timbers Royalty Trust pay a dividend?
Cross Timbers Royalty Trust currently shows a dividend yield of about 6.11% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of Cross Timbers Royalty Trust (CRT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Cross Timbers Royalty Trust it is $12.96 per share (as of Sep 23, 2026), against a price of $12.25. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Cross Timbers Royalty Trust stock overvalued or undervalued in 2026?
As of Sep 23, 2026, CRT trades below its calculated fair value: price $12.25, fair value $12.96, a gap of about +6% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CRT?
No. The price is what the market pays today ($12.25); the fair value is what the company's own numbers justify ($12.96). For Cross Timbers Royalty Trust the two are $0.7060 per share apart. That gap is exactly why we show both numbers side by side.
How much is Cross Timbers Royalty Trust worth?
The market values Cross Timbers Royalty Trust at about $73.5M (market capitalisation, as of Sep 23, 2026). Per share that is $12.25; our models calculate a fair value of $12.96 per share.
What do the bullish and bearish scenarios say about CRT?
Our models span a range for Cross Timbers Royalty Trust: cautious scenario $12.94, base $12.96, optimistic $12.97 per share (as of Sep 23, 2026, price $12.25). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CRT?
Cross Timbers Royalty Trust trades at a price-to-earnings ratio of 23.1 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $12.96 is built from several models across several years. Other multiples: P/B 34.1, P/S 16.3.
How solid is the balance sheet of Cross Timbers Royalty Trust (CRT)?
Balance-sheet figures for Cross Timbers Royalty Trust (as of Sep 23, 2026): return on equity 143.6%. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is CRT from its 52-week high?
Cross Timbers Royalty Trust trades at $12.25, about 6% below its 52-week high of $13.07 and 81% above the low of $6.75 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of $12.96 is for.
Which stocks are comparable to Cross Timbers Royalty Trust?
From the same area (Energy) we also value ConocoPhillips explores for,, CNOOC Limited, Canadian Natural Resources Limited, EOG Resources, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Cross Timbers Royalty Trust stock attractive at the current price?
The data as of Sep 23, 2026: price $12.25, calculated fair value $12.96 (+6%), Quality Score 63/100, from 22 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CRT calculated?
We run Cross Timbers Royalty Trust through 22 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $12.96, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0 % above its aggregate fair value. Cross Timbers Royalty Trust currently trades 6 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Cross Timbers Royalty Trust (CRT)?
The closing price on Sep 24, 2026 was $12.25. Our model-based fair value is $12.96, about +6% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Cross Timbers Royalty Trust right now?
The price is below even our cautious bear case ($12.94). The market is more pessimistic than our downside scenario. The price sits close to our fair value, market and models broadly agree here, little valuation tension. The models converge in a tight band ($12.94 to $12.97), unusually little disagreement for a valuation.
Where does the earnings growth of Cross Timbers Royalty Trust (CRT) come from?
Earnings per share at Cross Timbers Royalty Trust grew −4.4 % a year from 2012 to 2023. Broken into its drivers: revenue per share −3.9 %, EBIT margin −0.5 %, tax rate +0.2 %, residual (interest, one-offs) −0.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Cross Timbers Royalty Trust
How large is the market capitalisation of Cross Timbers Royalty Trust (CRT)?
The market capitalisation of Cross Timbers Royalty Trust is $73.5M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Cross Timbers Royalty Trust (CRT)?
The price-to-sales ratio of Cross Timbers Royalty Trust is 17.9 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Cross Timbers Royalty Trust (CRT)?
Earnings per share at Cross Timbers Royalty Trust are $0.5300 (price ÷ EPS = P/E 23.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Cross Timbers Royalty Trust (CRT)?
The dividend yield of Cross Timbers Royalty Trust is 6.1% (payout 141%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Cross Timbers Royalty Trust (CRT)?
The net margin of Cross Timbers Royalty Trust is 77.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Cross Timbers Royalty Trust (CRT)?
The return on equity (ROE) of Cross Timbers Royalty Trust is 144% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Cross Timbers Royalty Trust (CRT)?
On an EBIT basis the return on assets of Cross Timbers Royalty Trust is 155% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Cross Timbers Royalty Trust (CRT)?
The operating margin of Cross Timbers Royalty Trust is 70.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Cross Timbers Royalty Trust (CRT)?
Revenue at Cross Timbers Royalty Trust is growing −61.9% versus a year earlier (3y avg −22.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Cross Timbers Royalty Trust (CRT)?
Earnings per share at Cross Timbers Royalty Trust are growing −71.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Cross Timbers Royalty Trust (CRT) generate?
The free cash flow of Cross Timbers Royalty Trust is $12.5B (fiscal year 2023). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Cross Timbers Royalty Trust (CRT) hold?
Cross Timbers Royalty Trust holds more cash than debt, $2.1B net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Some data
Sep 23, 2026