Safe BulkersATH:SB +0.89%51 Gross Margin % is 45.29% as of Mar. 2026, which is 21% above its 10-year median of 37.44. GuruFocus rates ATH:SB with a GF Score™ of 51/100 and a GF Value™ of €3.92 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 985 Transportation companies, Safe Bulkers ranks better than 80.91% on this metric.
The historical rank and industry rank for Safe Bulkers's Gross Margin % or its related term are showing as below:
ATH:SB'
s Gross Margin % Range Over the Past 10 Years
Min: 2.81 Med: 37.44 Max: 60.05
Current: 38.91
During the past 13 years, the highestGross Margin % of Safe Bulkers was 60.05%. The lowest was 2.81%. And the median was 37.44%.
ATH:SB's Gross Margin % is ranked better than 80.91% of 985
companies
in the Transportation industry
Industry Median: 20.42
vs ATH:SB: 38.91
Safe Bulkers had a gross margin of 45.29% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Safe Bulkers was 8.40% per year.
Safe Bulkers (ATH:SB) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Safe Bulkers had a gross margin of 45.29% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Safe Bulkers Gross Margin % Related Terms
Safe Bulkers Gross Margin % Historical Data
* Premium members only.
The historical data trend for Safe Bulkers's Gross Margin % 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 Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Transportation Industry
For the Transportation industry and Industrials sector, Safe Bulkers's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Safe Bulkers's Gross Margin % 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Safe Bulkers (ATH:SB) has a Gross Margin % of 45.29% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Safe Bulkers and its competitors. This is 21% above median its historical median of 37.44. Over the past decade, Safe Bulkers' Gross Margin % has ranged from 2.81 to 60.05. According to the industry distribution chart, Safe Bulkers ranks #188 out of 985 companies in the Transportation industry, placing it in the top 19.1%.
Is Safe Bulkers' Gross Margin % too high?
Safe Bulkers' current Gross Margin % of 45.29% is 21% above median its 10-year median of 37.44. Over the past 10 years, this metric has ranged from a low of 2.81 to a high of 60.05. The Transportation industry median Gross Margin % is 20.42. Safe Bulkers' value of 45.29% is 121.8% above this industry median. Based on the distribution chart, Safe Bulkers ranks #188 out of 985 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 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Safe Bulkers' Gross Margin % compare to ?
According to the Transportation industry distribution chart, Safe Bulkers ranks #188 out of 985 companies for Gross Margin %. This places Safe Bulkers in the top 19% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 20.42. Safe Bulkers' value of 45.29% is 121.8% above this benchmark. Historically, Safe Bulkers' own Gross Margin % has ranged from 2.81 to 60.05 over the past decade. While the company's 10-year median is 37.44 vs. the industry median of 20.42, 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 Gross Margin % for a Transportation company?
The median Gross Margin % among Transportation companies is 20.42, based on 985 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Safe Bulkers's current Gross Margin % of 45.29% is 121.8% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Safe Bulkers and its competitors. For the Transportation industry, the median Gross Margin % is 20.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Safe Bulkers's current Gross Margin % is 45.29%, which is 21% above median its own 10-year median of 37.44. 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 (ATH:SB) is currently considered Significantly Overvalued. The stock's GF Value™ is €3.92, compared to a current price of €6.25 — trading 59.3% above its estimated fair value. The current Gross Margin % is 45.29%, which is 21% above median its 10-year median of 37.44 and 121.8% above the Transportation industry median of 20.42. Safe Bulkers' overall GF Score™ is 51/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Safe Bulkers (ATH:SB), the current Gross Margin % is 45.29% 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 (ATH:SB) Overvalued in 2026?
Based on GuruFocus' analysis, Safe Bulkers stock appears to be overvalued.
The current stock price of €6.25 is trading 59.3% above its estimated GF Value™ of €3.92.
GuruFocus considers Safe Bulkers to be Significantly Overvalued.
Key valuation signals for ATH:SB:
Gross Margin %: 45.29% (21% above median its 10-year median of 37.44)
GF Value™: €3.92 vs. price of €6.25 (59.3% above fair value)
Industry Position: 121.8% above the Transportation median (#188 of 985)
No single metric tells the full story. See the ATH: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.
51GF Score
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