GLBS (Globus Maritime) Construction In Progress: $22.57 Mil (As of Dec. 2025)


GLBS Globus Maritime Ltd GLBS
44 GF Score
Price $3.16
GF Value $1.91
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Globus Maritime Construction In Progress?

Globus Maritime GLBS +2.27% 44 Construction In Progress is $22.57 Mil as of Dec. 2025. GuruFocus rates GLBS with a GF Score™ of 44/100 and a GF Value™ of $1.91 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Globus Maritime's quarterly construction in progress increased from Jun. 2025 ($15.05 Mil) to Sep. 2025 ($18.81 Mil) and increased from Sep. 2025 ($18.81 Mil) to Dec. 2025 ($22.57 Mil).

Globus Maritime's annual construction in progress declined from Dec. 2023 ($47.25 Mil) to Dec. 2024 ($15.05 Mil) but then increased from Dec. 2024 ($15.05 Mil) to Dec. 2025 ($22.57 Mil).

Globus Maritime Construction In Progress Historical Data

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The historical data trend for Globus Maritime's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Globus Maritime Construction In Progress Chart

Globus Maritime Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 28.17 47.25 15.05 22.57

Globus Maritime Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.05 15.05 15.05 18.81 22.57
GLBS
44GF Score
Globus Maritime Ltd GLBS
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Globus Maritime Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of $22.57 Mil mean?
Globus Maritime (GLBS) has a Construction In Progress of $22.57 Mil as of Dec. 2025. Construction in Progress records the amount of construction work that is not complete. View historical data on Globus Maritime and its competitors.
Is Globus Maritime's Construction In Progress too high?
Globus Maritime's current Construction In Progress is $22.57 Mil. Overall, Globus Maritime has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Globus Maritime's Construction In Progress compare to USEA and EHLD?
Globus Maritime's Construction In Progress of $22.57 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Transportation company?
A good Construction In Progress depends on the Transportation industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Globus Maritime and its competitors. Globus Maritime's current Construction In Progress is $22.57 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Globus Maritime stock overvalued right now?
Based on GuruFocus' analysis, Globus Maritime (GLBS) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.91, compared to a current price of $3.16 — trading 65.4% above its estimated fair value. The current Construction In Progress is $22.57 Mil. Globus Maritime's overall GF Score™ is 44/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Globus Maritime (GLBS), the current Construction In Progress is $22.57 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Globus Maritime (GLBS) Overvalued in 2026?

Based on GuruFocus' analysis, Globus Maritime stock appears to be overvalued. The current stock price of $3.16 is trading 65.4% above its estimated GF Value™ of $1.91. GuruFocus considers Globus Maritime to be Significantly Overvalued.

Key valuation signals for GLBS:

  • Construction In Progress: $22.57 Mil
  • GF Value™: $1.91 vs. price of $3.16 (65.4% above fair value)
  • GF Score™: 44/100 with 6 warning signs

No single metric tells the full story. See the GLBS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Globus Maritime Business Description

Other Exchanges 0G93:Germany
Address 128 Vouliagmenis Avenue, 3rd Floor, Glyfada, Attica, Athens, GRC, 16674
Globus Maritime Ltd is a dry bulk shipping company that provides marine transportation services internationally. The company owns, operates, and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargo. Its operations are managed by its subsidiary which also provides in-house commercial and technical management for its vessels and also offers consulting services for an affiliated ship management company. It generates maximum revenues by charging customers for the use of vessels to transport dry bulk commodities.
44GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$3.16
Price
$1.91
GF Value