Mesabi Trust (MSB) Stock

Mesabi Trust (MSB) is a Financials stock trading at $22.80 (as of 2026-08-21), with a market capitalization of $296.64M and a trailing P/E of 26.2. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Mesabi Trust is a royalty trust engaged in iron ore mining operations in the United States. The trust was incorporated in 1961 and is based in New York, New York.

Understand Mesabi Trust: how it makes money

Mesabi Trust runs a US iron ore mining royalty trust, and it earns money through its royalty interest tied to iron ore mining operations.

As a royalty trust focused on US iron ore mining, its profit engine is the stream of royalty proceeds that depends on iron ore mining activity.

Business quality (Strong): Clear business description (iron ore royalty trust), but the provided dataset has no segment breakdown and no operating KPI labels, limiting how precisely investors can track the operational drivers.

Valuation: At 3× earnings, MSB trades 90% below the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Focused business model: The company is specifically tied to US iron ore mining through its royalty trust structure.
  • Defined profitability snapshot (in provided data): For the period ended 2026-04-30, gross margin is shown as 48.4%.

Bear case

  • Operational and market dependence: Because results are tied to iron ore mining operations, outcomes can be affected by changes in mining conditions and the iron ore market.
  • Limited metrics available here: No operating KPI candidates or operating margin are provided in the dataset, which makes it harder to assess ongoing operating performance from these facts alone.
Valuation — source: SEC EDGAR (first-party)
Price$22.80
Market Cap$296.64M
P/E Ratio26.2
Price / Book16.17
Price / Sales19.73
Dividend Yield56.0%
DCF Value (model)$194.25
DCF Upside vs Price752.0%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$98.60M
Net Margin94.6%
Return on Equity61.7%
Revenue Growth (YoY)-52.6%
EPS Growth (YoY)-70.1%
Valuation vs Sector & Industry
Stock P/E26.2
Sector P/E (Financials)15.1
Industry P/E (Trading)35.3
vs Sector73.5%
vs Industry-25.8%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderHORIZON KINETICS ASSET MANAGEMENT LLC ($98.94M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryTrading
CEOJeffrey Schoenfeld
Employees0
CountryUS
IPO Date1987-12-30

Related Companies (Trading (FF48 industry); 8 closest by market cap; US-domiciled)

  • Versamet Royalties Corp (VMET)
  • Transcontinental Realty Investors, Inc. (TCI)
  • NexPoint Real Estate Finance, Inc. (NREF)
  • Ready Capital Corporation (RC)
  • Chicago Atlantic Real Estate Finance, Inc. (REFI)
  • BRT Apartments Corp. (BRT)
  • NexPoint Diversified Real Estate Trust (NXDT)
  • Ares Commercial Real Estate Corporation (ACRE)
MSB earnings history · MSB institutional & insider holders · MSB KPIs & operating metrics · MSB financials · MSB investor presentations & press releases · MSB SEC filings · MSB peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.