Cross Timbers Royalty Trust (CRT): fair value, margin of safety and Wheel Score

Is CRT undervalued?

Cross Timbers Royalty Trust (CRT) closed at 12.88 on 5 Nov 2026, 69% above the GLS average fair value of 7.64. 6 of the 7 models that produced a number value the shares below the current price. A gap this wide usually means the market is paying for growth or a story the trailing numbers do not show yet; the models work from filed results, not forecasts, so they are conservative by design.

There is a wide gap between GLS Growth (1.55) and DCF (20.83). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.

The nightly engine files CRT under Speculative - it is losing money or its Piotroski health score is 3 or lower - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan. It also carries the Income tag (Income = a dividend yield of 4% or more).

Nine valuation models for CRT

Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.

Quality and financial health

Cross Timbers Royalty Trust scores only 3 of 9 on the Piotroski F-score, which fails the "Piotroski 6 or more" Wheel Trade Filter. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. A GLS Moat score of 8.1/10 puts CRT among the more durable businesses we track: over up to ten years its returns on capital have stayed high, its margins steady and its balance sheet sound.

Returns on capital are high - ROIC 208.1%, ROE 208.1%, ROA 104.5% - with debt at 0.00 times equity and negative free cash flow.

The dividend yield is high at 6.60% (payout ratio 0%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual.

Institutional ownership scores 3/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded insider buy was on 13 Oct 2026.

Wheel Score 19: No options

No options are listed on Cross Timbers Royalty Trust in our nightly snapshot, so it fails the first Wheel Trade Filter (options that actually trade) (it reads 19, under 70) and is left out of every options scan; the fair value and health figures above are still useful for a plain stock position.

Volume runs at 24k shares a day on a market cap of $77M, with a beta of -0.02 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.

The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.

Upcoming events

No upcoming earnings date is recorded for CRT in the nightly calendar.

Analysts upgraded CRT 1 time in the last 30 days with no downgrades; the latest action was an upgrade by National Bank on 21 Oct 2026.

Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.

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