Star Bulk Carriers (FRA:4FAP) Cyclically Adjusted PB Ratio: (As of Aug. 08, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:4FAP Star Bulk Carriers Corp FRA:4FAP
73 GF Score
Price €24.58
GF Value €18.52
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Star Bulk Carriers Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Star Bulk Carriers  (FRA:4FAP) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Star Bulk Carriers Cyclically Adjusted PB Ratio Related Terms


Star Bulk Carriers Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Star Bulk Carriers's Cyclically Adjusted PB Ratio 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.

Star Bulk Carriers Cyclically Adjusted PB Ratio Chart

Star Bulk Carriers Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.35 0.56 0.79 0.62 0.89

Star Bulk Carriers Quarterly Data
Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio 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 0.77 0.84 0.89 1.06 0.00

FRA:4FAP vs ZIM, DAC, NMM: Cyclically Adjusted PB Ratio Comparison

For the Marine Shipping subindustry, Star Bulk Carriers's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Star Bulk Carriers Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Star Bulk Carriers's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Star Bulk Carriers's Cyclically Adjusted PB Ratio falls into.


FRA:4FAP
73GF Score
Star Bulk Carriers Corp FRA:4FAP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Star Bulk Carriers Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Star Bulk Carriers's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Star Bulk Carriers's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=19.56/126.7200*126.7200
=19.560

Current CPI (Jun. 2026) = 126.7200.

Star Bulk Carriers Quarterly Data

Book Value per Share CPI Adj_Book
201606 21.375 100.121 27.054
201609 16.987 99.878 21.552
201612 17.364 100.110 21.980
201703 0.000 100.770 0.000
201706 14.994 101.138 18.787
201709 13.907 100.882 17.469
201712 14.330 100.762 18.022
201803 13.871 100.534 17.484
201806 14.649 102.121 18.178
201809 13.989 101.982 17.382
201812 14.478 101.330 18.106
201903 14.513 101.482 18.122
201906 14.237 101.837 17.716
201909 14.457 101.906 17.977
201912 14.465 102.120 17.949
202003 0.000 101.479 0.000
202006 13.808 100.239 17.456
202009 13.286 99.886 16.855
202012 13.112 99.751 16.657
202103 13.630 99.817 17.304
202106 14.262 101.270 17.846
202112 17.995 104.853 21.748
202203 18.329 108.651 21.377
202206 19.392 113.517 21.647
202209 0.000 114.371 0.000
202212 18.533 112.428 20.889
202303 18.072 113.620 20.156
202306 17.834 115.515 19.564
202309 18.226 116.234 19.870
202312 18.119 116.364 19.732
202403 18.523 117.285 20.013
202406 20.233 118.129 21.705
202409 19.196 119.650 20.330
202412 20.149 119.360 21.391
202503 19.427 120.133 20.492
202506 18.176 121.399 18.973
202509 18.030 121.950 18.735
202512 18.441 122.450 19.084
202603 18.848 124.820 19.135
202606 19.560 126.720 19.560

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Star Bulk Carriers (FRA:4FAP) Overvalued in 2026?

Based on GuruFocus' analysis, Star Bulk Carriers stock appears to be overvalued. The current stock price of €24.58 is trading 32.7% above its estimated GF Value™ of €18.52. GuruFocus considers Star Bulk Carriers to be Significantly Overvalued.

Key valuation signals for FRA:4FAP:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €18.52 vs. price of €24.58 (32.7% above fair value)
  • GF Score™: 73/100 with 9 warning signs

No single metric tells the full story. See the FRA:4FAP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Star Bulk Carriers Business Description

Other Exchanges SBLK:USA
Address c/o Star Bulk Management Inc, 40 Agiou Konstantinou Street, Maroussi, Athens, GRC, 15124
Star Bulk Carriers Corp provides seaborne transportation solutions in the dry bulk sector. The company owns and operates dry bulk carrier vessels, which are used to transport bulk, such as iron ore, coal, grains, bauxite, fertilizers, and steel products. It owns a fleet of vessels that consists of Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Ultramax, and Supramax. The firm generates the majority of its revenue from Time charters and Voyage charters.
73GF Score

Get the complete analysis for FRA:4FAP

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€24.58
Price
€18.52
GF Value