Is Mesabi Trust overvalued or undervalued?

As of 28 November 2025, the valuation grade for Mesabi Trust has moved from very attractive to attractive. The company appears to be undervalued, supported by a P/E ratio of 4, a PEG ratio of 0.01, and an EV to EBITDA ratio of 2.64. In comparison, Ryerson Holding Corp. has a significantly higher P/E ratio of -32.11, while Metallus, Inc. shows a P/E ratio of -61.98, indicating that Mesabi Trust is favorably positioned within its peer group.
Despite some volatility in recent returns, Mesabi Trust has outperformed the S&P 500 over the past year, with a return of 18.63% compared to the S&P 500's 14.18%. However, its longer-term performance shows a decline, with a 5-year return of 35.57% versus the S&P 500's impressive 88.25%. Overall, the metrics suggest that Mesabi Trust is currently undervalued relative to its peers and the market.