Mesabi TrustMSB -0.62%75 Return-on-Tangible-Asset is 18.79% as of Apr. 2026, which is 81% below its 10-year median of 101.12. GuruFocus rates MSB with a GF Score™ of 75/100 and a GF Value™ of $18.29 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 633 Steel companies, Mesabi Trust ranks better than 99.05% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Mesabi Trust's annualizedNet Income for the quarter that ended in Apr. 2026 was $4.35 Mil. Mesabi Trust's average total tangible assets for the quarter that ended in Apr. 2026 was $23.14 Mil. Therefore, Mesabi Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2026 was 18.79%.
The historical rank and industry rank for Mesabi Trust's Return-on-Tangible-Asset or its related term are showing as below:
MSB'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 15.61 Med: 101.12 Max: 178.98
Current: 45.48
During the past 13 years, Mesabi Trust's highest Return-on-Tangible-Asset was 178.98%. The lowest was 15.61%. And the median was 101.12%.
MSB's Return-on-Tangible-Asset is ranked better than 99.05% of 633
companies
in the Steel industry
Industry Median: 1.97
vs MSB: 45.48
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Mesabi Trust Return-on-Tangible-Asset Related Terms
Mesabi Trust Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Mesabi Trust's Return-on-Tangible-Asset 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: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Mesabi Trust's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Mesabi Trust's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Mesabi Trust's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Apr. 2026) net income data.
What does a Return-on-Tangible-Asset of 18.79% mean?
Mesabi Trust (MSB) has a Return-on-Tangible-Asset of 18.79% as of Apr. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Mesabi Trust and its competitors. This is 81% below median its historical median of 101.12. Over the past decade, Mesabi Trust's Return-on-Tangible-Asset has ranged from 15.61 to 178.98. According to the industry distribution chart, Mesabi Trust ranks #6 out of 633 companies in the Steel industry, placing it in the top 0.90000000000001%.
Is Mesabi Trust's Return-on-Tangible-Asset too high?
Mesabi Trust's current Return-on-Tangible-Asset of 18.79% is 81% below median its 10-year median of 101.12. Over the past 10 years, this metric has ranged from a low of 15.61 to a high of 178.98. The Steel industry median Return-on-Tangible-Asset is 1.97. Mesabi Trust's value of 18.79% is 853.8% above this industry median. Based on the distribution chart, Mesabi Trust ranks #6 out of 633 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 Return-on-Tangible-Asset compare to FRD and INHD?
According to the Steel industry distribution chart, Mesabi Trust ranks #6 out of 633 companies for Return-on-Tangible-Asset. This places Mesabi Trust in the top 1% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.97. Mesabi Trust's value of 18.79% is 853.8% above this benchmark. Historically, Mesabi Trust's own Return-on-Tangible-Asset has ranged from 15.61 to 178.98 over the past decade. While the company's 10-year median is 101.12 vs. the industry median of 1.97, 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 Return-on-Tangible-Asset for a Steel company?
The median Return-on-Tangible-Asset among Steel companies is 1.97, based on 633 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mesabi Trust's current Return-on-Tangible-Asset of 18.79% is 853.8% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Mesabi Trust and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 1.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mesabi Trust's current Return-on-Tangible-Asset is 18.79%, which is 81% below median its own 10-year median of 101.12. 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 Significantly Overvalued. The stock's GF Value™ is $18.29, compared to a current price of $25.59 — trading 39.9% above its estimated fair value. The current Return-on-Tangible-Asset is 18.79%, which is 81% below median its 10-year median of 101.12 and 853.8% above the Steel industry median of 1.97. 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 Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Mesabi Trust (MSB), the current Return-on-Tangible-Asset is 18.79% 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 $25.59 is trading 39.9% above its estimated GF Value™ of $18.29.
GuruFocus considers Mesabi Trust to be Significantly Overvalued.
Key valuation signals for MSB:
Return-on-Tangible-Asset: 18.79% (81% below median its 10-year median of 101.12)
GF Value™: $18.29 vs. price of $25.59 (39.9% above fair value)
Industry Position: 853.8% above the Steel median (#6 of 633)
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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