# Mesabi Trust (MSB) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Basic Materials / Metals & Mining. Price $23.90, market value $314 million.

## Valuation
- **P/E (trailing): 27.8×** (5-yr avg 17.7×, 3-yr avg 14.7×). Mesabi Trust trades at 27.8× trailing earnings, well above its own five-year average of 17.7×: investors are paying up relative to the company's past. The Basic Materials median in the September 2026 study was 19.0×.
- **Price / sales: 19.4×**. Each dollar of revenue is priced at 19.4×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 17.1×**. The shares trade at 17.1× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Earnings yield: 3.6%**. The inverse of the P/E: 3.6% of the price is earned each year.

## Profitability
- **Net margin: 83.7%**. 83.7% of each dollar of sales reaches the bottom line.
- **Return on equity: 68.0%**. A 68.0% return on equity is extremely high; check whether buybacks or debt have shrunk the equity base, which flatters the ratio.
- **Return on assets: 50.2%**. Each dollar of assets produces 50.2% of profit.

## Growth
- **Revenue growth (1 yr): -83.2%** (3-yr 28.9%/yr, 5-yr -8.6%/yr). Revenue fell 83.2% over the last year, against -8.6% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -85.1%** (3-yr 37.7%/yr, 5-yr -9.9%/yr). Earnings per share fell 85.1%, roughly in step with revenue.

## Financial health
- **Current ratio: 6.16** (quick 6.16). Current assets cover the next year's liabilities 6.16 times.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 3.79%** ($0.96 per share, trailing). Mesabi Trust yields 3.79%, an income-level yield.
- **Payout ratio: 659%**. The dividend exceeds earnings (659% payout), which is rarely sustainable outside REITs and one-off years.
- **Consecutive years of increases: 2**. 2 straight years of increases.
- **Dividend growth (5 yr): 33.1%/yr** (1-yr 416.3%). The dividend has compounded at 33.1% a year over five years, doubling roughly every 2 years at that pace.

## Price and momentum
- **Total return (1 yr): -21.9%** (YTD -36.9%, 3-mo -2.8%). The shares are down 21.9% over twelve months including dividends.
- **From 52-week high: -43.6%** (10.6% above the low). Trading 44% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 52**. An RSI of 52 is neutral.
- **Beta (1 yr): 0.88** (volatility 46%). Beta of 0.88 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=MSB · Page: https://foliofundamentals.com/stocks/msb

Not investment advice.