Mesabi TrustMSB +0.16%75 ROE % 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 623 Steel companies, Mesabi Trust ranks better than 96.95% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Mesabi Trust's annualized net income for the quarter that ended in Apr. 2026 was $4.35 Mil. Mesabi Trust's average Total Stockholders Equity over the quarter that ended in Apr. 2026 was $19.37 Mil. Therefore, Mesabi Trust's annualized ROE % for the quarter that ended in Apr. 2026 was 22.44%.
The historical rank and industry rank for Mesabi Trust's ROE % or its related term are showing as below:
MSB'
s ROE % 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 ROE % was 421.07%. The lowest was 25.14%. And the median was 187.65%.
MSB's ROE % is ranked better than 96.95% of 623
companies
in the Steel industry
Industry Median: 3.7
vs MSB: 55.39
Mesabi Trust (NYSE:MSB) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Apr. 2026) net income data. The Revenue data used here is four times the quarterly (Apr. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.
Mesabi Trust ROE % Related Terms
Mesabi Trust ROE % Historical Data
* Premium members only.
The historical data trend for Mesabi Trust's ROE % 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 ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Steel Industry
For the Steel industry and Basic Materials sector, Mesabi Trust's ROE % distribution charts can be found below:
* The bar in red indicates where Mesabi Trust's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder 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.
ROE % is displayed in the 30-year financial page.
Mesabi Trust (MSB) has a ROE % of 22.44% as of Apr. 2026. Return on equity is the ratio of current-period net income to average two-period total 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 ROE % has ranged from 25.14 to 421.07. According to the industry distribution chart, Mesabi Trust ranks #19 out of 623 companies in the Steel industry, placing it in the top 3%.
Is Mesabi Trust's ROE % too high?
Mesabi Trust's current ROE % 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 ROE % is 3.70. Mesabi Trust's value of 22.44% is 506.5% above this industry median. Based on the distribution chart, Mesabi Trust ranks #19 out of 623 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 ROE % compare to FRD and LUD?
According to the Steel industry distribution chart, Mesabi Trust ranks #19 out of 623 companies for ROE %. This places Mesabi Trust in the top 3% of its industry — outperforming the majority of peers. The industry median ROE % is 3.70. Mesabi Trust's value of 22.44% is 506.5% above this benchmark. Historically, Mesabi Trust's own ROE % 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 3.70, 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 ROE % for a Steel company?
The median ROE % among Steel companies is 3.70, based on 623 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mesabi Trust's current ROE % of 22.44% is 506.5% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Mesabi Trust and its competitors. For the Steel industry, the median ROE % is 3.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mesabi Trust's current ROE % 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 $24.35 — trading 34.1% above its estimated fair value. The current ROE % is 22.44%, which is 88% below median its 10-year median of 187.65 and 506.5% above the Steel industry median of 3.70. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Mesabi Trust (MSB), the current ROE % 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 $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:
ROE %: 22.44% (88% below median its 10-year median of 187.65)
GF Value™: $18.16 vs. price of $24.35 (34.1% above fair value)
Industry Position: 506.5% above the Steel median (#19 of 623)
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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