Star Bulk Carriers (HAM:4FAP) Cyclically Adjusted PB Ratio: 1.27 (As of Jul. 16, 2026) — 370% Above Median

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HAM:4FAP Star Bulk Carriers Corp HAM:4FAP
69 GF Score
Price €23.24
GF Value €16.25
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Star Bulk Carriers Cyclically Adjusted PB Ratio?

Star Bulk Carriers HAM:4FAP +0.09% 69 Cyclically Adjusted PB Ratio is 1.27 as of Jul. 16, 2026, which is 370% above its 10-year median of 0.27. GuruFocus rates HAM:4FAP with a GF Score™ of 69/100 and a GF Value™ of €16.25 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 737 Transportation companies, Star Bulk Carriers ranks better than 51.83% on this metric.

As of today (2026-07-16), Star Bulk Carriers's current share price is €23.24. Star Bulk Carriers's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €18.32. Star Bulk Carriers's Cyclically Adjusted PB Ratio for today is 1.27.

The historical rank and industry rank for Star Bulk Carriers's Cyclically Adjusted PB Ratio or its related term are showing as below:

HAM:4FAP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.27   Max: 1.25
Current: 1.21

During the past years, Star Bulk Carriers's highest Cyclically Adjusted PB Ratio was 1.25. The lowest was 0.01. And the median was 0.27.

HAM:4FAP's Cyclically Adjusted PB Ratio is ranked better than
51.83% of 737 companies
in the Transportation industry
Industry Median: 1.24 vs HAM:4FAP: 1.21

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Star Bulk Carriers's adjusted book value per share data for the three months ended in Mar. 2026 was €18.848. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €18.32 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Star Bulk Carriers  (HAM: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
Mar21 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.68 0.77 0.84 0.89 1.06

HAM: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.


HAM:4FAP
69GF Score
Star Bulk Carriers Corp HAM: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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=23.24/18.32
=1.27

* 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's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=18.848/124.8200*124.8200
=18.848

Current CPI (Mar. 2026) = 124.8200.

Star Bulk Carriers Quarterly Data

Book Value per Share CPI Adj_Book
201603 22.272 99.041 28.069
201606 21.375 100.121 26.648
201609 16.987 99.878 21.229
201612 17.364 100.110 21.650
201703 0.000 100.770 0.000
201706 14.994 101.138 18.505
201709 13.907 100.882 17.207
201712 14.330 100.762 17.751
201803 13.871 100.534 17.222
201806 14.649 102.121 17.905
201809 13.989 101.982 17.122
201812 14.478 101.330 17.834
201903 14.513 101.482 17.851
201906 14.237 101.837 17.450
201909 14.457 101.906 17.708
201912 14.465 102.120 17.680
202003 0.000 101.479 0.000
202006 13.808 100.239 17.194
202009 13.286 99.886 16.603
202012 13.112 99.751 16.407
202103 13.630 99.817 17.044
202106 14.262 101.270 17.579
202112 17.995 104.853 21.422
202203 18.329 108.651 21.057
202206 19.392 113.517 21.323
202209 0.000 114.371 0.000
202212 18.533 112.428 20.576
202303 18.072 113.620 19.853
202306 17.834 115.515 19.271
202309 18.226 116.234 19.572
202312 18.119 116.364 19.436
202403 18.523 117.285 19.713
202406 20.233 118.129 21.379
202409 19.196 119.650 20.025
202412 20.149 119.360 21.071
202503 19.427 120.133 20.185
202506 18.176 121.399 18.688
202509 18.030 121.950 18.454
202512 18.441 122.450 18.798
202603 18.848 124.820 18.848

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.

What does a Cyclically Adjusted PB Ratio of 1.27 mean?
Star Bulk Carriers (HAM:4FAP) has a Cyclically Adjusted PB Ratio of 1.27 as of Jul. 16, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Star Bulk Carriers and its competitors. This is 370% above median its historical median of 0.27. Over the past decade, Star Bulk Carriers' Cyclically Adjusted PB Ratio has ranged from 0.01 to 1.25. According to the industry distribution chart, Star Bulk Carriers ranks #355 out of 737 companies in the Transportation industry, placing it in the top 48.2%.
Is Star Bulk Carriers' Cyclically Adjusted PB Ratio too high?
Star Bulk Carriers' current Cyclically Adjusted PB Ratio of 1.27 is 370% above median its 10-year median of 0.27. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 1.25. The Transportation industry median Cyclically Adjusted PB Ratio is 1.24. Star Bulk Carriers' value of 1.27 is 2.4% above this industry median. Based on the distribution chart, Star Bulk Carriers ranks #355 out of 737 companies in the Transportation industry, which is above the industry midpoint. Overall, Star Bulk Carriers has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Star Bulk Carriers' Cyclically Adjusted PB Ratio compare to ZIM and DAC?
According to the Transportation industry distribution chart, Star Bulk Carriers ranks #355 out of 737 companies for Cyclically Adjusted PB Ratio. This puts Star Bulk Carriers in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. Star Bulk Carriers' value of 1.27 is 2.4% above this benchmark. Historically, Star Bulk Carriers' own Cyclically Adjusted PB Ratio has ranged from 0.01 to 1.25 over the past decade. While the company's 10-year median is 0.27 vs. the industry median of 1.24, Star Bulk Carriers has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.24, based on 737 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Star Bulk Carriers's current Cyclically Adjusted PB Ratio of 1.27 is 2.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Star Bulk Carriers and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Star Bulk Carriers's current Cyclically Adjusted PB Ratio is 1.27, which is 370% above median its own 10-year median of 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Star Bulk Carriers stock overvalued right now?
Based on GuruFocus' analysis, Star Bulk Carriers (HAM:4FAP) is currently considered Significantly Overvalued. The stock's GF Value™ is €16.25, compared to a current price of €23.24 — trading 43% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.27, which is 370% above median its 10-year median of 0.27 and 2.4% above the Transportation industry median of 1.24. Star Bulk Carriers' overall GF Score™ is 69/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Star Bulk Carriers (HAM:4FAP), the current Cyclically Adjusted PB Ratio is 1.27 as of Jul. 16, 2026. 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 Star Bulk Carriers (HAM:4FAP) Overvalued in 2026?

Based on GuruFocus' analysis, Star Bulk Carriers stock appears to be overvalued. The current stock price of €23.24 is trading 43% above its estimated GF Value™ of €16.25. GuruFocus considers Star Bulk Carriers to be Significantly Overvalued.

Key valuation signals for HAM:4FAP:

  • Cyclically Adjusted PB Ratio: 1.27 (370% above median its 10-year median of 0.27)
  • GF Value™: €16.25 vs. price of €23.24 (43% above fair value)
  • GF Score™: 69/100 with 9 warning signs
  • Industry Position: 2.4% above the Transportation median (#355 of 737)

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


Star Bulk Carriers Business Description

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.
69GF Score

Get the complete analysis for HAM:4FAP

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

€23.24
Price
€16.25
GF Value