Since last quarter: No major changeValuation also moves with the share price every day.
Why it changed since the Oct 27, 2026 close: Score 69 → 71
Peer companies moved+2
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Return on invested capital, operating margin, and return on assets.
Operating margin79.0%
Yahoo Finance fallback · SEC operating income not reported in standard form · fiscal year to Jan 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score 5.45Sector median: 0.0757 · MAD: 0.0617
Return on assets86.7%
SEC filings · 12 months to Oct 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score 4.77Sector median: 0.0249 · MAD: 0.0265
Return on invested capitalUnavailable
Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0675 · MAD: 0.0575
Other data (not scored)
Gross margin82.8%
SEC filings · 12 months to Oct 2025Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.2138 · MAD: 0.1202
Return on equity97.8%
SEC filings · 12 months to Oct 2025Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.0537 · MAD: 0.0694
Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.
Beta0.34
Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score 1.26Sector median: 0.6950 · MAD: 0.2810
Current ratio8.81×
Yahoo Finance fallback · SEC figure unavailable or out of dateOutlier capped at sector 5th/95th percentile33% base weight · Z-score 10.36Sector median: 1.7610 · MAD: 0.6770
Debt / equityUnavailable
Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.3578 · MAD: 0.2929
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about Mesabi Trust
Is Mesabi Trust getting weaker?
Its latest SEC filing (Sep 11, 2026) got weaker in some ways: net margin fell 13.6 points to 82.8%; 12-month revenue fell 78.4%. Its overall score is unchanged at 68/100 since Oct 28, 2026.
How is Mesabi Trust valued vs its peers?
Priced lower than most peers relative to what it earns. Valuation scores 71/100 against 1,371 basic materials peers.Earnings yield 7.6% vs a peer median of 3.6% (stronger than 78% of peers).Earnings yield 7.6% vs peers 3.6% (stronger than 78% of peers).
Is Mesabi Trust growing?
More slowly than most of its peers. Growth scores 5/100 against 1,371 basic materials peers.Earnings per share growth -81.3% vs a peer median of 9.4% (weaker than 100% of peers).Earnings per share growth -81.3% vs peers 9.4% (weaker than 100% of peers).
How profitable is Mesabi Trust?
More profitable than most of its peers. Profitability scores 97/100 against 1,371 basic materials peers.Operating margin 79.0% vs a peer median of 7.6% (stronger than 95% of peers).Operating margin 79.0% vs peers 7.6% (stronger than 95% of peers).
How risky is Mesabi Trust?
Lower risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings.Current ratio 8.81× vs a peer median of 1.76× (stronger than 95% of peers).Current ratio 8.81× vs peers 1.76× (stronger than 95% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Oct 31, 2025 · filed Sep 11, 2026 · compared with the quarter ended Jul 31, 2025
Got weaker
Net margin fell 13.6 points to 82.8%
12-month revenue fell 78.4%
Previous quarter
Latest quarter
Change
Revenue (12 months)
96.2M USD
20.8M USD
−78.4%
Net income (12 months)
92.8M USD
17.2M USD
−81.4%
Cash
21.2M USD
17.4M USD
−18.2%
Shares outstanding
13.1M
13.1M
0.0%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Sector: Basic Materials · 121 companies
Valuations in Basic Materials are near the top of their range since 2016.
84% of months since 2016 were valued lower than now.
43% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +23% and earnings +13% (medians): prices and earnings moved broadly together.
Median price-to-sales is −9% vs the whole market, against a usual −27%.
2016Shaded: most expensive fifth of its range2026
Mesabi Trust looks cheaper than most of its peers on our valuation measures, while the Basic Materials sector as a whole is valued high by its own standards since 2016. Both can be true at once.
Shown for Basic Materials: too few Steel companies have a long enough history of their own.
This is a cyclical group: after a downturn, trailing earnings and sales fall faster than prices, which can make valuations look high near a cycle's low.
Describes valuations since 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, EBITDA, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY Jan 2021
FY Jan 2022
FY Jan 2023
FY Jan 2024
FY Jan 2025
Change
Gross margin
90.2%
96.2%
68.6%
83.0%
94.6%
▲ 12 pts
Net margin
90.2%
96.2%
68.6%
83.0%
94.6%
▲ 12 pts
Return on assets (ROA)
102.1%
127.5%
37.6%
71.1%
91.7%
▲ 21 pts
Return on equity (ROE)
142.1%
223.3%
46.4%
90.5%
399.8%
▲ 309 pts
MSB price history
Price history is added with the daily price update and will appear after the next one.