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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 -1.45%64 Earnings per Share (Diluted) is $0.78 as of Jun. 2026. GuruFocus rates SB with a GF Score™ of 64/100 and a GF Value™ of $5.07 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 795 Transportation companies, Safe Bulkers ranks worse than 88.43% on this metric.
Safe Bulkers's EPS (Basic) for the
three
months ended in Jun. 2026 was $0.33.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Jun. 2026 was $0.78.
Safe Bulkers's EPS without NRI for the
three
months ended in Jun. 2026 was $0.30.
Its EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2026 was $0.75.
During the past 12 months, Safe Bulkers's average EPS without NRIGrowth Rate was 95.30% per year.
During the past 3 years, the average EPS without NRIGrowth Rate was -37.60% per year.
During the past 13 years, Safe Bulkers's highest 3-Year average EPS without NRI Growth Rate was 197.80% per year. The lowest was -66.70% per year. And the median was -17.70% per year.
Safe Bulkers (NYSE:SB) Earnings per Share (Diluted) Explanation
Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.
Be Aware
Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.
If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.
Safe Bulkers Earnings per Share (Diluted) Related Terms
Safe Bulkers Earnings per Share (Diluted) Historical Data
* Premium members only.
The historical data trend for Safe Bulkers's Earnings per Share (Diluted) 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.
SB vs ASC, ESEA, PANL: Earnings per Share (Diluted) Comparison
For the Marine Shipping subindustry, Safe Bulkers's PE Ratio, along with its competitors' market caps and PE 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 PE Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, Safe Bulkers's PE Ratio distribution charts can be found below:
* The bar in red indicates where Safe Bulkers's PE Ratio falls into.
Safe Bulkers Earnings per Share (Diluted) Calculation
Earnings Per Share (EPS) is the amount of earnings per outstanding share of the company's stock. In calculating earnings per share, the dividends of preferred stocks need to subtracted from the total net income first.
Safe Bulkers's Earnings Per Share (Diluted) for the fiscal year that ended in Dec. 2025 is calculated as
Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.78
* 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.
Companies also reported diluted shares in their financial reports. Diluted shares include the shares of convertibles or warrants outstanding.
What does a Earnings per Share (Diluted) of $0.78 mean?
Safe Bulkers (SB) has a Earnings per Share (Diluted) of $0.78 as of Jun. 2026. Diluted EPS equals net earnings divided by average shares outstanding, including dilutive securities. View historical data on Safe Bulkers and its competitors. According to the industry distribution chart, Safe Bulkers ranks #703 out of 795 companies in the Transportation industry, placing it in the top 88.4%.
Is Safe Bulkers' Earnings per Share (Diluted) too high?
Safe Bulkers' current Earnings per Share (Diluted) is $0.78. The Transportation industry median Earnings per Share (Diluted) is 3.30. Safe Bulkers' value of $0.78 is 76.4% below this industry median. Based on the distribution chart, Safe Bulkers ranks #703 out of 795 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Safe Bulkers has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Safe Bulkers' Earnings per Share (Diluted) compare to ASC and ESEA?
According to the Transportation industry distribution chart, Safe Bulkers ranks #703 out of 795 companies for Earnings per Share (Diluted). This places Safe Bulkers in the lower half of its industry. The industry median Earnings per Share (Diluted) is 3.30. Safe Bulkers' value of $0.78 is 76.4% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings per Share (Diluted) for a Transportation company?
The median Earnings per Share (Diluted) among Transportation companies is 3.30, based on 795 companies in the industry. Companies in the top quartile (top 25%) have a Earnings per Share (Diluted) significantly above this median, while those in the bottom quartile fall well below. However, Earnings per Share (Diluted) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Safe Bulkers's current Earnings per Share (Diluted) of $0.78 is 76.4% below 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 Earnings per Share (Diluted) mean?
A high Earnings per Share (Diluted) can signal that a stock is expensive relative to its fundamentals. Diluted EPS equals net earnings divided by average shares outstanding, including dilutive securities. View historical data on Safe Bulkers and its competitors. For the Transportation industry, the median Earnings per Share (Diluted) is 3.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Safe Bulkers's current Earnings per Share (Diluted) is $0.78. 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 $5.07, compared to a current price of $7.49 — trading 47.7% above its estimated fair value. The current Earnings per Share (Diluted) is $0.78 and 76.4% below the Transportation industry median of 3.30. Safe Bulkers' overall GF Score™ is 64/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings per Share (Diluted) calculated?
Earnings per Share (Diluted) is calculated from a company's financial statements. For Safe Bulkers (SB), the current Earnings per Share (Diluted) is $0.78 as of Jun. 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 $7.49 is trading 47.7% above its estimated GF Value™ of $5.07.
GuruFocus considers Safe Bulkers to be Significantly Overvalued.
Key valuation signals for SB:
Earnings per Share (Diluted): $0.78
GF Value™: $5.07 vs. price of $7.49 (47.7% above fair value)
Industry Position: 76.4% below the Transportation median (#703 of 795)
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.
64GF Score
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