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Safe BulkersSTU:SBL +0.76%67 Piotroski F-Score is 8 as of Aug. 07, 2026, which is 60% above its 10-year median of 5.00. 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 980 Transportation companies, Safe Bulkers ranks better than 97.14% on this metric.
Good Sign:
Piotroski F-Score is 8, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Safe Bulkers has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Safe Bulkers's Piotroski F-Score or its related term are showing as below:
STU:SBL'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 8
Current: 8
During the past 13 years, the highest Piotroski F-Score of Safe Bulkers was 8. The lowest was 2. And the median was 5.
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
Safe Bulkers Piotroski F-Score Related Terms
Safe Bulkers Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Safe Bulkers's Piotroski F-Score 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.
STU:SBL vs ASC, ESEA, PANL: Piotroski F-Score Comparison
For the Marine Shipping subindustry, Safe Bulkers's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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 Piotroski F-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Safe Bulkers's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Safe Bulkers's Piotroski F-Score 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.
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Safe Bulkers's current Net Income (TTM) was 75.0.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Safe Bulkers's return on assets of this year was 0.06137151. Safe Bulkers's return on assets of last year was 0.03966578.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Safe Bulkers's gearing of this year was 0.24346463. Safe Bulkers's gearing of last year was 0.33776956.
==> This year is lower or equal to last year. ==> Score 1.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
Safe Bulkers's current ratio of this year was 1.00230567. Safe Bulkers's current ratio of last year was 1.70121373.
==> Last year's current ratio is higher ==> Score 0.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
Safe Bulkers's number of shares in issue this year was 101.83. Safe Bulkers's number of shares in issue last year was 102.484.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
Safe Bulkers's gross margin of this year was 0.44267507. Safe Bulkers's gross margin of last year was 0.38502004.
==> This year's gross margin is higher. ==> Score 1.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
Safe Bulkers's asset turnover of this year was 0.21648097. Safe Bulkers's asset turnover of last year was 0.20372359.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Safe Bulkers has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Safe Bulkers (STU:SBL) has a Piotroski F-Score of 8 as of Aug. 07, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Safe Bulkers and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, Safe Bulkers' Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Safe Bulkers ranks #28 out of 980 companies in the Transportation industry, placing it in the top 2.9%.
Is Safe Bulkers' Piotroski F-Score too high?
Safe Bulkers' current Piotroski F-Score of 8 is 60% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Transportation industry median Piotroski F-Score is 6.00. Safe Bulkers' value of 8 is 33.3% above this industry median. Based on the distribution chart, Safe Bulkers ranks #28 out of 980 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 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Safe Bulkers' Piotroski F-Score compare to ASC and ESEA?
According to the Transportation industry distribution chart, Safe Bulkers ranks #28 out of 980 companies for Piotroski F-Score. This places Safe Bulkers in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Safe Bulkers' value of 8 is 33.3% above this benchmark. Historically, Safe Bulkers' own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, 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 Piotroski F-Score for a Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 980 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Safe Bulkers's current Piotroski F-Score of 8 is 33.3% 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 Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Safe Bulkers and its competitors. For the Transportation industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Safe Bulkers's current Piotroski F-Score is 8, which is 60% above median its own 10-year median of 5.00. 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 €6.65 — trading 51.5% above its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 33.3% above the Transportation industry median of 6.00. 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 Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Safe Bulkers (STU:SBL), the current Piotroski F-Score is 8 as of Aug. 07, 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 €6.65 is trading 51.5% above its estimated GF Value™ of €4.39.
GuruFocus considers Safe Bulkers to be Significantly Overvalued.
Key valuation signals for STU:SBL:
Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
GF Value™: €4.39 vs. price of €6.65 (51.5% above fair value)
Industry Position: 33.3% above the Transportation median (#28 of 980)
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 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
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