Mesabi TrustMSB +0.16%75 Pretax Margin % is 52.31% as of Apr. 2026, which is 43% below its 10-year median of 92.56. 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 616 Steel companies, Mesabi Trust ranks better than 98.54% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Mesabi Trust's Pre-Tax Income for the
three
months ended in Apr. 2026 was $1.09 Mil. Mesabi Trust's Revenue for the
three
months ended in Apr. 2026 was $2.08 Mil. Therefore, Mesabi Trust's pretax margin for the quarter that ended in Apr. 2026 was 52.31%.
The historical rank and industry rank for Mesabi Trust's Pretax Margin % or its related term are showing as below:
MSB'
s Pretax Margin % Range Over the Past 10 Years
Min: 70.82 Med: 92.56 Max: 366.41
Current: 79.19
MSB's Pretax Margin % is ranked better than 98.54% of 616
companies
in the Steel industry
Industry Median: 2.57
vs MSB: 79.19
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Mesabi Trust Pretax Margin % Related Terms
Mesabi Trust Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Mesabi Trust's Pretax Margin % 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 Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, Mesabi Trust's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Mesabi Trust's Pretax Margin % falls into.
* 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 Pretax Margin % of 52.31% as of Apr. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Mesabi Trust and its competitors. This is 43% below median its historical median of 92.56. Over the past decade, Mesabi Trust's Pretax Margin % has ranged from 70.82 to 366.41. According to the industry distribution chart, Mesabi Trust ranks #9 out of 616 companies in the Steel industry, placing it in the top 1.5%.
Is Mesabi Trust's Pretax Margin % too high?
Mesabi Trust's current Pretax Margin % of 52.31% is 43% below median its 10-year median of 92.56. Over the past 10 years, this metric has ranged from a low of 70.82 to a high of 366.41. The Steel industry median Pretax Margin % is 2.57. Mesabi Trust's value of 52.31% is 1935.4% above this industry median. Based on the distribution chart, Mesabi Trust ranks #9 out of 616 companies in the Steel industry, which is in the top quartile — a strong position 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 Pretax Margin % compare to FRD and LUD?
According to the Steel industry distribution chart, Mesabi Trust ranks #9 out of 616 companies for Pretax Margin %. This places Mesabi Trust in the top 2% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 2.57. Mesabi Trust's value of 52.31% is 1935.4% above this benchmark. Historically, Mesabi Trust's own Pretax Margin % has ranged from 70.82 to 366.41 over the past decade. While the company's 10-year median is 92.56 vs. the industry median of 2.57, 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 Pretax Margin % for a Steel company?
The median Pretax Margin % among Steel companies is 2.57, based on 616 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mesabi Trust's current Pretax Margin % of 52.31% is 1935.4% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Mesabi Trust and its competitors. For the Steel industry, the median Pretax Margin % is 2.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mesabi Trust's current Pretax Margin % is 52.31%, which is 43% below median its own 10-year median of 92.56. 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 Pretax Margin % is 52.31%, which is 43% below median its 10-year median of 92.56 and 1935.4% above the Steel industry median of 2.57. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Mesabi Trust (MSB), the current Pretax Margin % is 52.31% 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 $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:
Pretax Margin %: 52.31% (43% below median its 10-year median of 92.56)
GF Value™: $18.16 vs. price of $24.35 (34.1% above fair value)
Industry Position: 1935.4% above the Steel median (#9 of 616)
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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