Mesabi TrustMSB +0.16%75 PB Ratio is 17.42 as of Jun. 25, 2026, which is 6% below its 10-year median of 18.58. GuruFocus rates MSB with a GF Score™ of 75/100 and a GF Value™ of $18.16 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 613 Steel companies, Mesabi Trust ranks worse than 98.37% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-25), Mesabi Trust's share price is $24.35. Mesabi Trust's Book Value per Share for the quarter that ended in Apr. 2026 was $1.40. Hence, Mesabi Trust's PB Ratio of today is 17.42.
Good Sign:
Mesabi Trust stock PB Ratio (=17.39) is close to 1-year low of 16.72.
The historical rank and industry rank for Mesabi Trust's PB Ratio or its related term are showing as below:
MSB'
s PB Ratio Range Over the Past 10 Years
Min: 3.41 Med: 18.58 Max: 41.31
Current: 17.39
During the past 13 years, Mesabi Trust's highest PB Ratio was 41.31. The lowest was 3.41. And the median was 18.58.
MSB's PB Ratio is ranked worse than 98.37% of 613
companies
in the Steel industry
Industry Median: 0.97
vs MSB: 17.39
During the past 12 months, Mesabi Trust's average Book Value Per Share Growth Rate was -6.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 21.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 2.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 9.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Mesabi Trust was 118.10% per year. The lowest was -35.10% per year. And the median was 2.60% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Mesabi Trust PB Ratio Related Terms
Mesabi Trust PB Ratio Historical Data
* Premium members only.
The historical data trend for Mesabi Trust's 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.
For the Steel subindustry, Mesabi Trust's PB Ratio, along with its competitors' market caps and 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 PB Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Mesabi Trust's PB Ratio distribution charts can be found below:
* The bar in red indicates where Mesabi Trust's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Mesabi Trust's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Mesabi Trust (MSB) has a PB Ratio of 17.42 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Mesabi Trust and its competitors. This is near median its historical median of 18.58. Over the past decade, Mesabi Trust's PB Ratio has ranged from 3.41 to 41.31. According to the industry distribution chart, Mesabi Trust ranks #603 out of 613 companies in the Steel industry, placing it in the top 98.4%.
Is Mesabi Trust's PB Ratio too high?
Mesabi Trust's current PB Ratio of 17.42 is near median its 10-year median of 18.58. Over the past 10 years, this metric has ranged from a low of 3.41 to a high of 41.31. The Steel industry median PB Ratio is 0.97. Mesabi Trust's value of 17.42 is 1695.9% above this industry median. Based on the distribution chart, Mesabi Trust ranks #603 out of 613 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 PB Ratio compare to FRD and LUD?
According to the Steel industry distribution chart, Mesabi Trust ranks #603 out of 613 companies for PB Ratio. This places Mesabi Trust in the lower half of its industry. The industry median PB Ratio is 0.97. Mesabi Trust's value of 17.42 is 1695.9% above this benchmark. Historically, Mesabi Trust's own PB Ratio has ranged from 3.41 to 41.31 over the past decade. While the company's 10-year median is 18.58 vs. the industry median of 0.97, 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 PB Ratio for a Steel company?
The median PB Ratio among Steel companies is 0.97, based on 613 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mesabi Trust's current PB Ratio of 17.42 is 1695.9% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Mesabi Trust and its competitors. For the Steel industry, the median PB Ratio is 0.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mesabi Trust's current PB Ratio is 17.42, which is near median its own 10-year median of 18.58. 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 $18.16, compared to a current price of $24.35 — trading 34.1% above its estimated fair value. The current PB Ratio is 17.42, which is near median its 10-year median of 18.58 and 1695.9% above the Steel industry median of 0.97. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Mesabi Trust (MSB), the current PB Ratio is 17.42 as of Jun. 25, 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 $24.35 is trading 34.1% above its estimated GF Value™ of $18.16.
GuruFocus considers Mesabi Trust to be Significantly Overvalued.
Key valuation signals for MSB:
PB Ratio: 17.42 (near median its 10-year median of 18.58)
GF Value™: $18.16 vs. price of $24.35 (34.1% above fair value)
Industry Position: 1695.9% above the Steel median (#603 of 613)
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
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