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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.
Safe BulkersSB -2.09%66 Debt-to-EBITDA is 4.73 as of Mar. 2026, which is 27% above its 10-year median of 3.72. GuruFocus rates SB with a GF Score™ of 66/100 and a GF Value™ of $4.58 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 869 Transportation companies, Safe Bulkers ranks worse than 83.08% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Safe Bulkers's Debt-to-EBITDA or its related term are showing as below:
SB'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -56.57 Med: 3.72 Max: 44.44
Current: 6.55
During the past 13 years, the highest Debt-to-EBITDA Ratio of Safe Bulkers was 44.44. The lowest was -56.57. And the median was 3.72.
SB's Debt-to-EBITDA is ranked worse than 83.08% of 869
companies
in the Transportation industry
Industry Median: 2.65
vs SB: 6.55
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Safe Bulkers Debt-to-EBITDA Related Terms
Safe Bulkers Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Safe Bulkers's Debt-to-EBITDA 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.
For the Marine Shipping subindustry, Safe Bulkers's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs Transportation Industry
For the Transportation industry and Industrials sector, Safe Bulkers's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Safe Bulkers's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
Safe Bulkers (SB) has a Debt-to-EBITDA of 4.73 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Safe Bulkers. This is 27% above median its historical median of 3.72. According to the industry distribution chart, Safe Bulkers ranks #722 out of 869 companies in the Transportation industry, placing it in the top 83.1%.
Is Safe Bulkers' Debt-to-EBITDA too high?
Safe Bulkers' current Debt-to-EBITDA of 4.73 is 27% above median its 10-year median of 3.72. The Transportation industry median Debt-to-EBITDA is 2.65. Safe Bulkers' value of 4.73 is 78.5% above this industry median. Based on the distribution chart, Safe Bulkers ranks #722 out of 869 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Safe Bulkers has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Safe Bulkers' Debt-to-EBITDA compare to ASC and ESEA?
According to the Transportation industry distribution chart, Safe Bulkers ranks #722 out of 869 companies for Debt-to-EBITDA. This places Safe Bulkers in the lower half of its industry. The industry median Debt-to-EBITDA is 2.65. Safe Bulkers' value of 4.73 is 78.5% above this benchmark. While the company's 10-year median is 3.72 vs. the industry median of 2.65, 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 Debt-to-EBITDA for a Transportation company?
The median Debt-to-EBITDA among Transportation companies is 2.65, based on 869 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Safe Bulkers's current Debt-to-EBITDA of 4.73 is 78.5% 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 Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Safe Bulkers. For the Transportation industry, the median Debt-to-EBITDA is 2.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Safe Bulkers's current Debt-to-EBITDA is 4.73, which is 27% above median its own 10-year median of 3.72. 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 (SB) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.58, compared to a current price of $7.01 — trading 53.1% above its estimated fair value. The current Debt-to-EBITDA is 4.73, which is 27% above median its 10-year median of 3.72 and 78.5% above the Transportation industry median of 2.65. Safe Bulkers' overall GF Score™ is 66/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Safe Bulkers (SB), the current Debt-to-EBITDA is 4.73 as of Mar. 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 (SB) Overvalued in 2026?
Based on GuruFocus' analysis, Safe Bulkers stock appears to be overvalued.
The current stock price of $7.01 is trading 53.1% above its estimated GF Value™ of $4.58.
GuruFocus considers Safe Bulkers to be Significantly Overvalued.
Key valuation signals for SB:
Debt-to-EBITDA: 4.73 (27% above median its 10-year median of 3.72)
GF Value™: $4.58 vs. price of $7.01 (53.1% above fair value)
Industry Position: 78.5% above the Transportation median (#722 of 869)
No single metric tells the full story. See the SB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
66GF Score
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