Safe Bulkers (FRA:SBL) Price-to-Tangible-Book : 0.71 (As of Apr. 24, 2024)

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What is Safe Bulkers Price-to-Tangible-Book?

As of today (2024-04-24), Safe Bulkers's share price is €4.64. Safe Bulkers's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was €6.51. Hence, Safe Bulkers's Price to Tangible Book Ratio of today is 0.71.

The historical rank and industry rank for Safe Bulkers's Price-to-Tangible-Book or its related term are showing as below:

FRA:SBL' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.11 Med: 0.42 Max: 0.72
Current: 0.71

During the past 13 years, Safe Bulkers's highest Price to Tangible Book Ratio was 0.72. The lowest was 0.11. And the median was 0.42.

FRA:SBL's Price-to-Tangible-Book is ranked better than
79.32% of 880 companies
in the Transportation industry
Industry Median: 1.39 vs FRA:SBL: 0.71

A closely related ratio is called PB Ratio. As of today, Safe Bulkers's share price is €4.64. Safe Bulkers's Book Value per Sharefor the quarter that ended in Dec. 2023 was €6.51. Hence, Safe Bulkers's P/B Ratio of today is 0.71.

Safe Bulkers Price-to-Tangible-Book Historical Data

The historical data trend for Safe Bulkers's Price-to-Tangible-Book 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.

* Premium members only.

Safe Bulkers Price-to-Tangible-Book Chart

Safe Bulkers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.37

0.28

0.62

0.43

0.53

Safe Bulkers Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.43	0.54	0.47	0.47	0.53

Competitive Comparison of Safe Bulkers's Price-to-Tangible-Book

For the Marine Shipping subindustry, Safe Bulkers's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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's Price-to-Tangible-Book Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Safe Bulkers's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Safe Bulkers's Price-to-Tangible-Book falls into.

Safe Bulkers Price-to-Tangible-Book Calculation

Safe Bulkers's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	4.64	/	6.511
	=	0.71

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Safe Bulkers Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Safe Bulkers's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Safe Bulkers (FRA:SBL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Safe Bulkers Inc (FRA:SBL) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

SBpD.PFD:USA SBpC.PFD:USA SB:USA SBL:Germany

Address

6, Avenue des Citronniers, Apt. D11, Les Acanthes, Monaco City, MCO, MC98000

Website

https://www.safebulkers.com

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.

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