Mesabi TrustMSB +0.74%75 Cyclically Adjusted PB Ratio is 14.40 as of Jul. 07, 2026, which is 52% below its 10-year median of 29.77. GuruFocus rates MSB with a GF Score™ of 75/100 and a GF Value™ of $18.30 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 519 Steel companies, Mesabi Trust ranks worse than 98.65% on this metric.
The historical rank and industry rank for Mesabi Trust's Cyclically Adjusted PB Ratio or its related term are showing as below:
MSB'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 12.35 Med: 29.77 Max: 80.14
Current: 14.44
During the past years, Mesabi Trust's highest Cyclically Adjusted PB Ratio was 80.14. The lowest was 12.35. And the median was 29.77.
MSB's Cyclically Adjusted PB Ratio is ranked worse than 98.65% of 519
companies
in the Steel industry
Industry Median: 0.94
vs MSB: 14.44
The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.
Mesabi Trust's adjusted book value per share data for the three months ended in Apr. 2026 was $1.398. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $1.79 for the trailing ten years ended in Apr. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Mesabi Trust (NYSE:MSB) Cyclically Adjusted PB Ratio Explanation
Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.
Mesabi Trust Cyclically Adjusted PB Ratio Related Terms
Mesabi Trust Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Mesabi Trust's Cyclically Adjusted PB Ratio 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.
MSB vs FRD, INHD, LUD: Cyclically Adjusted PB Ratio Comparison
For the Steel subindustry, Mesabi Trust's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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.
Mesabi Trust Cyclically Adjusted PB Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Mesabi Trust's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Mesabi Trust's Cyclically Adjusted PB Ratio falls into.
Mesabi Trust Cyclically Adjusted PB Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.
Mesabi Trust's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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.
What does a Cyclically Adjusted PB Ratio of 14.40 mean?
Mesabi Trust (MSB) has a Cyclically Adjusted PB Ratio of 14.40 as of Jul. 07, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Mesabi Trust and its competitors. This is 52% below median its historical median of 29.77. Over the past decade, Mesabi Trust's Cyclically Adjusted PB Ratio has ranged from 12.35 to 80.14. According to the industry distribution chart, Mesabi Trust ranks #512 out of 519 companies in the Steel industry, placing it in the top 98.7%.
Is Mesabi Trust's Cyclically Adjusted PB Ratio too high?
Mesabi Trust's current Cyclically Adjusted PB Ratio of 14.40 is 52% below median its 10-year median of 29.77. Over the past 10 years, this metric has ranged from a low of 12.35 to a high of 80.14. The Steel industry median Cyclically Adjusted PB Ratio is 0.94. Mesabi Trust's value of 14.40 is 1431.9% above this industry median. Based on the distribution chart, Mesabi Trust ranks #512 out of 519 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Mesabi Trust has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mesabi Trust's Cyclically Adjusted PB Ratio compare to FRD and INHD?
According to the Steel industry distribution chart, Mesabi Trust ranks #512 out of 519 companies for Cyclically Adjusted PB Ratio. This places Mesabi Trust in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.94. Mesabi Trust's value of 14.40 is 1431.9% above this benchmark. Historically, Mesabi Trust's own Cyclically Adjusted PB Ratio has ranged from 12.35 to 80.14 over the past decade. While the company's 10-year median is 29.77 vs. the industry median of 0.94, Mesabi Trust 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 Cyclically Adjusted PB Ratio for a Steel company?
The median Cyclically Adjusted PB Ratio among Steel companies is 0.94, based on 519 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mesabi Trust's current Cyclically Adjusted PB Ratio of 14.40 is 1431.9% 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 Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Mesabi Trust and its competitors. For the Steel industry, the median Cyclically Adjusted PB Ratio is 0.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mesabi Trust's current Cyclically Adjusted PB Ratio is 14.40, which is 52% below median its own 10-year median of 29.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mesabi Trust stock overvalued right now?
Based on GuruFocus' analysis, Mesabi Trust (MSB) is currently considered Significantly Overvalued. The stock's GF Value™ is $18.30, compared to a current price of $25.78 — trading 40.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 14.40, which is 52% below median its 10-year median of 29.77 and 1431.9% above the Steel industry median of 0.94. Mesabi Trust's overall GF Score™ is 75/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Mesabi Trust (MSB), the current Cyclically Adjusted PB Ratio is 14.40 as of Jul. 07, 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 Mesabi Trust (MSB) Overvalued in 2026?
Based on GuruFocus' analysis, Mesabi Trust stock appears to be overvalued.
The current stock price of $25.78 is trading 40.9% above its estimated GF Value™ of $18.30.
GuruFocus considers Mesabi Trust to be Significantly Overvalued.
Key valuation signals for MSB:
Cyclically Adjusted PB Ratio: 14.40 (52% below median its 10-year median of 29.77)
GF Value™: $18.30 vs. price of $25.78 (40.9% above fair value)
Industry Position: 1431.9% above the Steel median (#512 of 519)
No single metric tells the full story. See the MSB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mesabi Trust operates as a royalty trust in the United States. The company is involved in the conservation and protection of its assets. The company's principally wholly-owned segment is the iron ore mining segment, which generates income from the Peter Mitchell Mine, an iron mine located near Babbitt, Minnesota, at the northeastern end of the Mesabi Iron Range.
75GF Score
Get the complete analysis for MSB
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MSB has been successfully added to your 
