Safe Bulkers (STU:SBL) Cyclically Adjusted PS Ratio: 2.89 (As of Jul. 31, 2026) — 109% Above Median

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.
Reviewed by: Charlie Tian Charlie Tian
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.

STU:SBL Safe Bulkers Inc STU:SBL
67 GF Score
Price €6.90
GF Value €4.39
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Safe Bulkers Cyclically Adjusted PS Ratio?

Safe Bulkers STU:SBL +5.34% 67 Cyclically Adjusted PS Ratio is 2.89 as of Jul. 31, 2026, which is 109% above its 10-year median of 1.38. GuruFocus rates STU:SBL with a GF Score™ of 67/100 and a GF Value™ of €4.39 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 763 Transportation companies, Safe Bulkers ranks worse than 82.44% on this metric.

As of today (2026-07-31), Safe Bulkers's current share price is €6.90. Safe Bulkers's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €2.39. Safe Bulkers's Cyclically Adjusted PS Ratio for today is 2.89.

The historical rank and industry rank for Safe Bulkers's Cyclically Adjusted PS Ratio or its related term are showing as below:

STU:SBL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.4   Med: 1.38   Max: 2.9
Current: 2.9

During the past years, Safe Bulkers's highest Cyclically Adjusted PS Ratio was 2.90. The lowest was 0.40. And the median was 1.38.

STU:SBL's Cyclically Adjusted PS Ratio is ranked worse than
82.44% of 763 companies
in the Transportation industry
Industry Median: 0.89 vs STU:SBL: 2.90

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Safe Bulkers's adjusted revenue per share data for the three months ended in Jun. 2026 was €0.746. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €2.39 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Safe Bulkers  (STU:SBL) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Safe Bulkers Cyclically Adjusted PS Ratio Related Terms


Safe Bulkers Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Safe Bulkers's Cyclically Adjusted PS 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.

Safe Bulkers Cyclically Adjusted PS Ratio Chart

Safe Bulkers Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.70 1.24 1.67 1.45 1.86

Safe Bulkers Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS 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 1.42 1.72 1.86 2.37 2.30

STU:SBL vs ASC, ESEA, PANL: Cyclically Adjusted PS Ratio Comparison

For the Marine Shipping subindustry, Safe Bulkers's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Safe Bulkers Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Safe Bulkers's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Safe Bulkers's Cyclically Adjusted PS Ratio falls into.


STU:SBL
67GF Score
Safe Bulkers Inc STU:SBL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Safe Bulkers Cyclically Adjusted PS Ratio Calculation

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

Safe Bulkers's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6.90/2.39
=2.89

* 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.

Safe Bulkers's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Safe Bulkers's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.746/333.9520*333.9520
=0.746

Current CPI (Jun. 2026) = 333.9520.

Safe Bulkers Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.289 241.428 0.400
201612 0.344 241.432 0.476
201703 0.314 243.801 0.430
201706 0.307 244.955 0.419
201709 0.308 246.819 0.417
201712 0.353 246.524 0.478
201803 0.347 249.554 0.464
201806 0.396 251.989 0.525
201809 0.423 252.439 0.560
201812 0.454 251.233 0.603
201903 0.421 254.202 0.553
201906 0.398 256.143 0.519
201909 0.455 256.759 0.592
201912 0.467 256.974 0.607
202003 0.400 258.115 0.518
202006 0.417 257.797 0.540
202009 0.432 260.280 0.554
202012 0.420 260.474 0.538
202103 0.508 264.877 0.640
202106 0.617 271.696 0.758
202109 0.656 274.310 0.799
202112 0.672 278.802 0.805
202203 0.580 287.504 0.674
202206 0.712 296.311 0.802
202209 0.786 296.808 0.884
202212 0.688 296.797 0.774
202303 0.527 301.836 0.583
202306 0.577 305.109 0.632
202309 0.543 307.789 0.589
202312 0.676 306.746 0.736
202403 0.681 312.332 0.728
202406 0.683 314.175 0.726
202409 0.641 315.301 0.679
202412 0.642 315.605 0.679
202503 0.567 319.799 0.592
202506 0.556 322.561 0.576
202509 0.608 324.800 0.625
202512 0.606 324.054 0.625
202603 0.630 330.213 0.637
202606 0.746 333.952 0.746

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio of 2.89 mean?
Safe Bulkers (STU:SBL) has a Cyclically Adjusted PS Ratio of 2.89 as of Jul. 31, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Safe Bulkers and its competitors. This is 109% above median its historical median of 1.38. Over the past decade, Safe Bulkers' Cyclically Adjusted PS Ratio has ranged from 0.40 to 2.90. According to the industry distribution chart, Safe Bulkers ranks #629 out of 763 companies in the Transportation industry, placing it in the top 82.4%.
Is Safe Bulkers' Cyclically Adjusted PS Ratio too high?
Safe Bulkers' current Cyclically Adjusted PS Ratio of 2.89 is 109% above median its 10-year median of 1.38. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 2.90. The Transportation industry median Cyclically Adjusted PS Ratio is 0.89. Safe Bulkers' value of 2.89 is 224.7% above this industry median. Based on the distribution chart, Safe Bulkers ranks #629 out of 763 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Safe Bulkers has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Safe Bulkers' Cyclically Adjusted PS Ratio compare to ASC and ESEA?
According to the Transportation industry distribution chart, Safe Bulkers ranks #629 out of 763 companies for Cyclically Adjusted PS Ratio. This places Safe Bulkers in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.89. Safe Bulkers' value of 2.89 is 224.7% above this benchmark. Historically, Safe Bulkers' own Cyclically Adjusted PS Ratio has ranged from 0.40 to 2.90 over the past decade. While the company's 10-year median is 1.38 vs. the industry median of 0.89, Safe Bulkers 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 PS Ratio for a Transportation company?
The median Cyclically Adjusted PS Ratio among Transportation companies is 0.89, based on 763 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Safe Bulkers's current Cyclically Adjusted PS Ratio of 2.89 is 224.7% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Safe Bulkers and its competitors. For the Transportation industry, the median Cyclically Adjusted PS Ratio is 0.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Safe Bulkers's current Cyclically Adjusted PS Ratio is 2.89, which is 109% above median its own 10-year median of 1.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Safe Bulkers stock overvalued right now?
Based on GuruFocus' analysis, Safe Bulkers (STU:SBL) is currently considered Significantly Overvalued. The stock's GF Value™ is €4.39, compared to a current price of €6.90 — trading 57.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.89, which is 109% above median its 10-year median of 1.38 and 224.7% above the Transportation industry median of 0.89. Safe Bulkers' overall GF Score™ is 67/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Safe Bulkers (STU:SBL), the current Cyclically Adjusted PS Ratio is 2.89 as of Jul. 31, 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 Safe Bulkers (STU:SBL) Overvalued in 2026?

Based on GuruFocus' analysis, Safe Bulkers stock appears to be overvalued. The current stock price of €6.90 is trading 57.2% above its estimated GF Value™ of €4.39. GuruFocus considers Safe Bulkers to be Significantly Overvalued.

Key valuation signals for STU:SBL:

  • Cyclically Adjusted PS Ratio: 2.89 (109% above median its 10-year median of 1.38)
  • GF Value™: €4.39 vs. price of €6.90 (57.2% above fair value)
  • GF Score™: 67/100 with 8 warning signs
  • Industry Position: 224.7% above the Transportation median (#629 of 763)

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


Safe Bulkers Business Description

Address 6, Avenue des Citronniers, Apartment D11, Les Acanthes, Monaco City, MCO, MC98000
Safe Bulkers Inc is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain, and iron ore, along international shipping routes for consumers of marine drybulk transportation services. The company employs its vessels on both period time charters and spot time charters, according to the assessment of market conditions, with consumers of marine drybulk transportation services. The company generates almost all of its revenue from Time Charters.
67GF Score

Get the complete analysis for STU:SBL

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

€6.90
Price
€4.39
GF Value