Mesabi TrustMSB -3.52%75 Return-on-Tangible-Equity is 22.44% as of Apr. 2026, which is 88% below its 10-year median of 187.65. 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 96.75% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Mesabi Trust's annualized net income for the quarter that ended in Apr. 2026 was $4.35 Mil. Mesabi Trust's average shareholder tangible equity for the quarter that ended in Apr. 2026 was $19.37 Mil. Therefore, Mesabi Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Apr. 2026 was 22.44%.
The historical rank and industry rank for Mesabi Trust's Return-on-Tangible-Equity or its related term are showing as below:
MSB'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 25.14 Med: 187.65 Max: 421.07
Current: 55.39
During the past 13 years, Mesabi Trust's highest Return-on-Tangible-Equity was 421.07%. The lowest was 25.14%. And the median was 187.65%.
MSB's Return-on-Tangible-Equity is ranked better than 96.75% of 616
companies
in the Steel industry
Industry Median: 3.93
vs MSB: 55.39
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Mesabi Trust Return-on-Tangible-Equity Related Terms
Mesabi Trust Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Mesabi Trust's Return-on-Tangible-Equity 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-Equity Comparison
For the Steel subindustry, Mesabi Trust's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Mesabi Trust's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Mesabi Trust's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 22.44% mean?
Mesabi Trust (MSB) has a Return-on-Tangible-Equity of 22.44% as of Apr. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Mesabi Trust and its competitors. This is 88% below median its historical median of 187.65. Over the past decade, Mesabi Trust's Return-on-Tangible-Equity has ranged from 25.14 to 421.07. According to the industry distribution chart, Mesabi Trust ranks #20 out of 616 companies in the Steel industry, placing it in the top 3.2%.
Is Mesabi Trust's Return-on-Tangible-Equity too high?
Mesabi Trust's current Return-on-Tangible-Equity of 22.44% is 88% below median its 10-year median of 187.65. Over the past 10 years, this metric has ranged from a low of 25.14 to a high of 421.07. The Steel industry median Return-on-Tangible-Equity is 3.93. Mesabi Trust's value of 22.44% is 471% above this industry median. Based on the distribution chart, Mesabi Trust ranks #20 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 Return-on-Tangible-Equity compare to FRD and INHD?
According to the Steel industry distribution chart, Mesabi Trust ranks #20 out of 616 companies for Return-on-Tangible-Equity. This places Mesabi Trust in the top 3% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 3.93. Mesabi Trust's value of 22.44% is 471% above this benchmark. Historically, Mesabi Trust's own Return-on-Tangible-Equity has ranged from 25.14 to 421.07 over the past decade. While the company's 10-year median is 187.65 vs. the industry median of 3.93, 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-Equity for a Steel company?
The median Return-on-Tangible-Equity among Steel companies is 3.93, based on 616 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mesabi Trust's current Return-on-Tangible-Equity of 22.44% is 471% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Mesabi Trust and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 3.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mesabi Trust's current Return-on-Tangible-Equity is 22.44%, which is 88% below median its own 10-year median of 187.65. 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 $23.88 — trading 31.5% above its estimated fair value. The current Return-on-Tangible-Equity is 22.44%, which is 88% below median its 10-year median of 187.65 and 471% above the Steel industry median of 3.93. 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Mesabi Trust (MSB), the current Return-on-Tangible-Equity is 22.44% 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 $23.88 is trading 31.5% above its estimated GF Value™ of $18.16.
GuruFocus considers Mesabi Trust to be Significantly Overvalued.
Key valuation signals for MSB:
Return-on-Tangible-Equity: 22.44% (88% below median its 10-year median of 187.65)
GF Value™: $18.16 vs. price of $23.88 (31.5% above fair value)
Industry Position: 471% above the Steel median (#20 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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