Is MSB or VMET more undervalued in 2026?

CirclFi compares Mesabi Trust (MSB) and Versamet Royalties Corporation (VMET) using 13 institutional-grade valuation models. MSB has a Quality of Company score of 9.3/10 while VMET scores 1.7/10.

Which is a better buy — MSB or VMET?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do MSB and VMET valuations compare?

MSB at $26.38 and VMET at $13.53 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

MSB vs VMET Valuation Comparison 2026 — Intrinsic Value Analysis

MSB

Mineral Royalty Traders

Mesabi Trust

Quality

9.3

out of 10

Value Trap

SAFE

Price

$26.38

Last close

Models

12/13

Active

VMET

Mineral Royalty Traders

Versamet Royalties Corporation

Quality

1.7

out of 10

Value Trap

—

Price

$13.53

Last close

Models

9/13

Active

Model-by-Model Comparison

Model	Type	MSB Fair Value	MSB Upside	VMET Fair Value	VMET Upside
Bayesian DCF	Intrinsic	$54.71	+107.4%	$3.34	-75.3%
Earnings Power Value	Intrinsic	$9.70	-63.2%	—	—
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$16.81	-36.3%	$8.36	-31.4%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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MSB vs VMET — Which Stock Is More Undervalued?

MSB scores higher with a 9.3/10 quality rating vs VMET's 1.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Mesabi Trust (MSB) and Versamet Royalties Corporation (VMET) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

MSB currently trades at $26.38 with a QOC of 9.3/10, while VMET trades at $13.53 with a QOC of 1.7/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).