Safe BulkersSB -5.31%64 Net Margin % is 29.85% as of Mar. 2026, which is 111% above its 10-year median of 14.16. GuruFocus rates SB with a GF Score™ of 64/100 and a GF Value™ of $890.66 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,008 Transportation companies, Safe Bulkers ranks better than 83.33% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Safe Bulkers's Net Income for the
three
months ended in Mar. 2026 was $22,206 Mil. Safe Bulkers's Revenue for the
three
months ended in Mar. 2026 was $74,390 Mil. Therefore, Safe Bulkers's net margin for the quarter that ended in Mar. 2026 was 29.85%.
The historical rank and industry rank for Safe Bulkers's Net Margin % or its related term are showing as below:
SB'
s Net Margin % Range Over the Past 10 Years
Min: -57.2 Med: 14.16 Max: 52.99
Current: 18.73
SB's Net Margin % is ranked better than 83.33% of 1008
companies
in the Transportation industry
Industry Median: 4.99
vs SB: 18.73
Safe Bulkers (NYSE:SB) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Safe Bulkers Net Margin % Related Terms
Safe Bulkers Net Margin % Historical Data
* Premium members only.
The historical data trend for Safe Bulkers's Net 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 Net Margin %, along with its competitors' market caps and Net 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 Net Margin % vs Transportation Industry
For the Transportation industry and Industrials sector, Safe Bulkers's Net Margin % distribution charts can be found below:
* The bar in red indicates where Safe Bulkers's Net 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.
Safe Bulkers (SB) has a Net Margin % of 29.85% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Safe Bulkers and its competitors. This is 111% above median its historical median of 14.16. According to the industry distribution chart, Safe Bulkers ranks #168 out of 1008 companies in the Transportation industry, placing it in the top 16.7%.
Is Safe Bulkers' Net Margin % too high?
Safe Bulkers' current Net Margin % of 29.85% is 111% above median its 10-year median of 14.16. The Transportation industry median Net Margin % is 4.99. Safe Bulkers' value of 29.85% is 498.2% above this industry median. Based on the distribution chart, Safe Bulkers ranks #168 out of 1008 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 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Safe Bulkers' Net Margin % compare to ASC and PANL?
According to the Transportation industry distribution chart, Safe Bulkers ranks #168 out of 1008 companies for Net Margin %. This places Safe Bulkers in the top 17% of its industry — outperforming the majority of peers. The industry median Net Margin % is 4.99. Safe Bulkers' value of 29.85% is 498.2% above this benchmark. While the company's 10-year median is 14.16 vs. the industry median of 4.99, 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 Net Margin % for a Transportation company?
The median Net Margin % among Transportation companies is 4.99, based on 1,008 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Safe Bulkers's current Net Margin % of 29.85% is 498.2% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Safe Bulkers and its competitors. For the Transportation industry, the median Net Margin % is 4.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Safe Bulkers's current Net Margin % is 29.85%, which is 111% above median its own 10-year median of 14.16. 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 $890.66, compared to a current price of $6.78 — trading 99.2% below its estimated fair value. The current Net Margin % is 29.85%, which is 111% above median its 10-year median of 14.16 and 498.2% above the Transportation industry median of 4.99. Safe Bulkers' overall GF Score™ is 64/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Safe Bulkers (SB), the current Net Margin % is 29.85% 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 undervalued.
The current stock price of $6.78 is trading 99.2% below its estimated GF Value™ of $890.66.
GuruFocus considers Safe Bulkers to be Significantly Overvalued.
Key valuation signals for SB:
Net Margin %: 29.85% (111% above median its 10-year median of 14.16)
GF Value™: $890.66 vs. price of $6.78 (99.2% below fair value)
Industry Position: 498.2% above the Transportation median (#168 of 1008)
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
Get the complete analysis for SB
Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SB has been successfully added to your 
