Safe BulkersSB +2.99%66 Forward PE Ratio is 8.12 as of Jul. 12, 2026. GuruFocus rates SB with a GF Score™ of 66/100 and a GF Value™ of $4.57 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 490 Transportation companies, Safe Bulkers ranks better than 78.16% on this metric.
Safe Bulkers's Forward PE Ratio for today is 8.12.
Safe Bulkers (NYSE:SB) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Safe Bulkers Forward PE Ratio Related Terms
Safe Bulkers Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Safe Bulkers's Forward PE 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 Forward PE Ratio Chart
Safe Bulkers Annual Data
Trend
2018-12
2021-12
2024-12
2025-12
Forward PE Ratio
2.90
3.17
5.03
6.84
Safe Bulkers Quarterly Data
2018-03
2018-06
2018-09
2018-12
2019-03
2021-09
2021-12
2022-03
2022-06
2022-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
45.25
16.18
4.06
2.90
4.87
4.09
3.17
3.21
2.61
2.10
5.03
6.96
6.96
6.34
6.84
11.05
SB vs ASC, ESEA, PANL: Forward PE Ratio Comparison
For the Marine Shipping subindustry, Safe Bulkers's Forward PE Ratio, along with its competitors' market caps and Forward 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 Forward PE Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, Safe Bulkers's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Safe Bulkers's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Safe Bulkers (SB) has a Forward PE Ratio of 8.12 as of Jul. 12, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Safe Bulkers and its competitors. According to the industry distribution chart, Safe Bulkers ranks #107 out of 490 companies in the Transportation industry, placing it in the top 21.8%.
Is Safe Bulkers' Forward PE Ratio too high?
Safe Bulkers' current Forward PE Ratio is 8.12. The Transportation industry median Forward PE Ratio is 13.43. Safe Bulkers' value of 8.12 is 39.5% below this industry median. Based on the distribution chart, Safe Bulkers ranks #107 out of 490 companies in the Transportation industry, which is in the top quartile — a strong position 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' Forward PE Ratio compare to ASC and ESEA?
According to the Transportation industry distribution chart, Safe Bulkers ranks #107 out of 490 companies for Forward PE Ratio. This places Safe Bulkers in the top 22% of its industry — outperforming the majority of peers. The industry median Forward PE Ratio is 13.43. Safe Bulkers' value of 8.12 is 39.5% 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 Forward PE Ratio for a Transportation company?
The median Forward PE Ratio among Transportation companies is 13.43, based on 490 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Safe Bulkers's current Forward PE Ratio of 8.12 is 39.5% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Safe Bulkers and its competitors. For the Transportation industry, the median Forward PE Ratio is 13.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Safe Bulkers's current Forward PE Ratio is 8.12. 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 $4.57, compared to a current price of $6.90 — trading 51% above its estimated fair value. The current Forward PE Ratio is 8.12 and 39.5% below the Transportation industry median of 13.43. 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 Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Safe Bulkers (SB), the current Forward PE Ratio is 8.12 as of Jul. 12, 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 $6.90 is trading 51% above its estimated GF Value™ of $4.57.
GuruFocus considers Safe Bulkers to be Significantly Overvalued.
Key valuation signals for SB:
Forward PE Ratio: 8.12
GF Value™: $4.57 vs. price of $6.90 (51% above fair value)
Industry Position: 39.5% below the Transportation median (#107 of 490)
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
Get the complete analysis for SB
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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