MSB (Mesabi Trust) EV-to-FCF: 22.88 (As of Aug. 29, 2026) — 131% Above 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.

MSB Mesabi Trust MSB
70 GF Score
Price $23.97
GF Value $18.80
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Mesabi Trust EV-to-FCF?

Mesabi Trust MSB +1.61% 70 EV-to-FCF is 22.88 as of Aug. 29, 2026, which is 131% above its 10-year median of 9.92. GuruFocus rates MSB with a GF Score™ of 70/100 and a GF Value™ of $18.80 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 346 Steel companies, Mesabi Trust ranks worse than 59.83% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Mesabi Trust's Enterprise Value is $294.20 Mil. Mesabi Trust's Free Cash Flow for the trailing twelve months (TTM) ended in Apr. 2026 was $12.86 Mil. Therefore, Mesabi Trust's EV-to-FCF for today is 22.88.

The historical rank and industry rank for Mesabi Trust's EV-to-FCF or its related term are showing as below:

MSB' s EV-to-FCF Range Over the Past 10 Years
Min: -2737.97   Med: 9.92   Max: 88.16
Current: 22.88

During the past 13 years, the highest EV-to-FCF of Mesabi Trust was 88.16. The lowest was -2737.97. And the median was 9.92.

MSB's EV-to-FCF is ranked worse than
59.83% of 346 companies
in the Steel industry
Industry Median: 15.995 vs MSB: 22.88

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-08-29), Mesabi Trust's stock price is $23.97. Mesabi Trust's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Apr. 2026 was $0.864. Therefore, Mesabi Trust's PE Ratio (TTM) for today is 27.74.


Mesabi Trust  (NYSE:MSB) EV-to-FCF Explanation

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Mesabi Trust's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=23.97/0.864
=27.74

Mesabi Trust's share price for today is $23.97.
Mesabi Trust's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.864.

* 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.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Mesabi Trust EV-to-FCF Related Terms


Mesabi Trust EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Mesabi Trust's EV-to-FCF 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.

Mesabi Trust EV-to-FCF Chart

Mesabi Trust Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.08 20.79 15.88 2.23 28.36

Mesabi Trust Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
EV-to-FCF 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 3.66 3.85 21.91 28.36 26.78

MSB vs FRD, INHD, LUD: EV-to-FCF Comparison

For the Steel subindustry, Mesabi Trust's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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 EV-to-FCF vs Steel Industry

For the Steel industry and Basic Materials sector, Mesabi Trust's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Mesabi Trust's EV-to-FCF falls into.


MSB
70GF Score
Mesabi Trust MSB
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mesabi Trust EV-to-FCF Calculation

Mesabi Trust's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=294.202/12.857
=22.88

Mesabi Trust's current Enterprise Value is $294.20 Mil.
Mesabi Trust's Free Cash Flow for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $12.86 Mil.

* 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 EV-to-FCF →
What does a EV-to-FCF of 22.88 mean?
Mesabi Trust (MSB) has a EV-to-FCF of 22.88 as of Aug. 29, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Mesabi Trust and its competitors. This is 131% above median its historical median of 9.92. According to the industry distribution chart, Mesabi Trust ranks #207 out of 346 companies in the Steel industry, placing it in the top 59.8%.
Is Mesabi Trust's EV-to-FCF too high?
Mesabi Trust's current EV-to-FCF of 22.88 is 131% above median its 10-year median of 9.92. The Steel industry median EV-to-FCF is 16.00. Mesabi Trust's value of 22.88 is 43% above this industry median. Based on the distribution chart, Mesabi Trust ranks #207 out of 346 companies in the Steel industry, which is below the industry midpoint. Overall, Mesabi Trust has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mesabi Trust's EV-to-FCF compare to FRD and INHD?
According to the Steel industry distribution chart, Mesabi Trust ranks #207 out of 346 companies for EV-to-FCF. This places Mesabi Trust in the lower half of its industry. The industry median EV-to-FCF is 16.00. Mesabi Trust's value of 22.88 is 43% above this benchmark. While the company's 10-year median is 9.92 vs. the industry median of 16.00, 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 EV-to-FCF for a Steel company?
The median EV-to-FCF among Steel companies is 16.00, based on 346 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mesabi Trust's current EV-to-FCF of 22.88 is 43% 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 EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Mesabi Trust and its competitors. For the Steel industry, the median EV-to-FCF is 16.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mesabi Trust's current EV-to-FCF is 22.88, which is 131% above median its own 10-year median of 9.92. 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 Modestly Overvalued. The stock's GF Value™ is $18.80, compared to a current price of $23.97 — trading 27.5% above its estimated fair value. The current EV-to-FCF is 22.88, which is 131% above median its 10-year median of 9.92 and 43% above the Steel industry median of 16.00. Mesabi Trust's overall GF Score™ is 70/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Mesabi Trust (MSB), the current EV-to-FCF is 22.88 as of Aug. 29, 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 $23.97 is trading 27.5% above its estimated GF Value™ of $18.80. GuruFocus considers Mesabi Trust to be Modestly Overvalued.

Key valuation signals for MSB:

  • EV-to-FCF: 22.88 (131% above median its 10-year median of 9.92)
  • GF Value™: $18.80 vs. price of $23.97 (27.5% above fair value)
  • GF Score™: 70/100 with 4 warning signs
  • Industry Position: 43% above the Steel median (#207 of 346)

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 Business Description

Address c/o Deutsche Bank Trust Company Americas Trust & Agency Services, 1 Columbus Circle, 17th Floor, New York, NY, USA, 10019
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.
70GF Score

Get the complete analysis for MSB

EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$23.97
Price
$18.80
GF Value