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Mesabi TrustMSB -1.37%72 Net Cash per Share is $1.27 as of Apr. 2026, which is 94% below its 10-year median of 22.12. GuruFocus rates MSB with a GF Score™ of 72/100 and a GF Value™ of $18.67 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 83 Steel companies, Mesabi Trust ranks worse than 79.52% on this metric.
Mesabi Trust (NYSE:MSB) Net Cash per Share Explanation
Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.
Mesabi Trust Net Cash per Share Related Terms
Mesabi Trust Net Cash per Share Historical Data
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The historical data trend for Mesabi Trust's Net Cash per Share 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: Net Cash per Share Comparison
For the Steel subindustry, Mesabi Trust's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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 Price-to-Net-Cash vs Steel Industry
For the Steel industry and Basic Materials sector, Mesabi Trust's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Mesabi Trust's Price-to-Net-Cash falls into.
In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.
Mesabi Trust's Net Cash per Share for the fiscal year that ended in Jan. 2026 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.
Mesabi Trust (MSB) has a Net Cash per Share of $1.27 as of Apr. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Mesabi Trust and its competitors. This is 94% below median its historical median of 22.12. Over the past decade, Mesabi Trust's Net Cash per Share has ranged from 3.50 to 73.88. According to the industry distribution chart, Mesabi Trust ranks #66 out of 83 companies in the Steel industry, placing it in the top 79.5%.
Is Mesabi Trust's Net Cash per Share too high?
Mesabi Trust's current Net Cash per Share of $1.27 is 94% below median its 10-year median of 22.12. Over the past 10 years, this metric has ranged from a low of 3.50 to a high of 73.88. The Steel industry median Net Cash per Share is 4.80. Mesabi Trust's value of $1.27 is 73.5% below this industry median. Based on the distribution chart, Mesabi Trust ranks #66 out of 83 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Mesabi Trust has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mesabi Trust's Net Cash per Share compare to FRD and INHD?
According to the Steel industry distribution chart, Mesabi Trust ranks #66 out of 83 companies for Net Cash per Share. This places Mesabi Trust in the lower half of its industry. The industry median Net Cash per Share is 4.80. Mesabi Trust's value of $1.27 is 73.5% below this benchmark. Historically, Mesabi Trust's own Net Cash per Share has ranged from 3.50 to 73.88 over the past decade. While the company's 10-year median is 22.12 vs. the industry median of 4.80, Mesabi Trust has consistently been below 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 Net Cash per Share for a Steel company?
The median Net Cash per Share among Steel companies is 4.80, based on 83 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mesabi Trust's current Net Cash per Share of $1.27 is 73.5% below 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 Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Mesabi Trust and its competitors. For the Steel industry, the median Net Cash per Share is 4.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mesabi Trust's current Net Cash per Share is $1.27, which is 94% below median its own 10-year median of 22.12. 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 $18.67, compared to a current price of $22.96 — trading 23% above its estimated fair value. The current Net Cash per Share is $1.27, which is 94% below median its 10-year median of 22.12 and 73.5% below the Steel industry median of 4.80. Mesabi Trust's overall GF Score™ is 72/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Cash per Share calculated?
Net Cash per Share is calculated from a company's financial statements. For Mesabi Trust (MSB), the current Net Cash per Share is $1.27 as of Apr. 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 $22.96 is trading 23% above its estimated GF Value™ of $18.67.
GuruFocus considers Mesabi Trust to be Modestly Overvalued.
Key valuation signals for MSB:
Net Cash per Share: $1.27 (94% below median its 10-year median of 22.12)
GF Value™: $18.67 vs. price of $22.96 (23% above fair value)
Industry Position: 73.5% below the Steel median (#66 of 83)
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.
72GF Score
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