2020 Bulkers (FRA:0FF) PB Ratio: 0.03 (As of Jun. 26, 2026) — 98% Below Median


FRA:0FF 2020 Bulkers Ltd FRA:0FF
56 GF Score
Price €0.29
GF Value €7.80
Valuation Significantly Undervalued
! 4 Warning Signs
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What is 2020 Bulkers PB Ratio?

2020 Bulkers FRA:0FF -9.68% 56 PB Ratio is 0.03 as of Jun. 26, 2026, which is 98% below its 10-year median of 1.64. GuruFocus rates FRA:0FF with a GF Score™ of 56/100 and a GF Value™ of €7.80 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 971 Transportation companies, 2020 Bulkers ranks better than 99.69% on this metric.

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-26), 2020 Bulkers's share price is €0.2854. 2020 Bulkers's Book Value per Share for the quarter that ended in Mar. 2026 was €11.01. Hence, 2020 Bulkers's PB Ratio of today is 0.03.

The historical rank and industry rank for 2020 Bulkers's PB Ratio or its related term are showing as below:

FRA:0FF' s PB Ratio Range Over the Past 10 Years
Min: 0.02   Med: 1.64   Max: 2.63
Current: 0.03

During the past 9 years, 2020 Bulkers's highest PB Ratio was 2.63. The lowest was 0.02. And the median was 1.64.

FRA:0FF's PB Ratio is ranked better than
99.69% of 971 companies
in the Transportation industry
Industry Median: 1.25 vs FRA:0FF: 0.03

During the past 12 months, 2020 Bulkers's average Book Value Per Share Growth Rate was 75.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -1.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 4.20% per year.

During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of 2020 Bulkers was 115.30% per year. The lowest was -1.90% per year. And the median was 8.60% per year.

Back to Basics: PB Ratio


2020 Bulkers  (FRA:0FF) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

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


2020 Bulkers PB Ratio Related Terms


2020 Bulkers PB Ratio Historical Data

* Premium members only.

The historical data trend for 2020 Bulkers's PB 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.

2020 Bulkers PB Ratio Chart

2020 Bulkers Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only 1.89 1.29 1.65 1.65 2.16

2020 Bulkers Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.58 1.65 2.05 2.16 1.10

2020 Bulkers PB Ratio Competitor Comparison

For the Marine Shipping subindustry, 2020 Bulkers's PB Ratio, along with its competitors' market caps and PB 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.


2020 Bulkers PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, 2020 Bulkers's PB Ratio distribution charts can be found below:

* The bar in red indicates where 2020 Bulkers's PB Ratio falls into.


FRA:0FF
56GF Score
2020 Bulkers Ltd FRA:0FF
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

2020 Bulkers PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

2020 Bulkers's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=0.2854/11.011
=0.03

* 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.

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

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

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 0.03 mean?
2020 Bulkers (FRA:0FF) has a PB Ratio of 0.03 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on 2020 Bulkers and its competitors. This is 98% below median its historical median of 1.64. Over the past decade, 2020 Bulkers' PB Ratio has ranged from 0.02 to 2.63. According to the industry distribution chart, 2020 Bulkers ranks #3 out of 971 companies in the Transportation industry, placing it in the top 0.3%.
Is 2020 Bulkers' PB Ratio too high?
2020 Bulkers' current PB Ratio of 0.03 is 98% below median its 10-year median of 1.64. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 2.63. The Transportation industry median PB Ratio is 1.25. 2020 Bulkers' value of 0.03 is 97.6% below this industry median. Based on the distribution chart, 2020 Bulkers ranks #3 out of 971 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, 2020 Bulkers has a GF Score™ of 56/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does 2020 Bulkers' PB Ratio compare to competitors?
According to the Transportation industry distribution chart, 2020 Bulkers ranks #3 out of 971 companies for PB Ratio. This places 2020 Bulkers in the top 0% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.25. 2020 Bulkers' value of 0.03 is 97.6% below this benchmark. Historically, 2020 Bulkers' own PB Ratio has ranged from 0.02 to 2.63 over the past decade. While the company's 10-year median is 1.64 vs. the industry median of 1.25, 2020 Bulkers has consistently been below 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 PB Ratio for a Transportation company?
The median PB Ratio among Transportation companies is 1.25, based on 971 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 2020 Bulkers's current PB Ratio of 0.03 is 97.6% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on 2020 Bulkers and its competitors. For the Transportation industry, the median PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 2020 Bulkers's current PB Ratio is 0.03, which is 98% below median its own 10-year median of 1.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 2020 Bulkers stock overvalued right now?
Based on GuruFocus' analysis, 2020 Bulkers (FRA:0FF) is currently considered Significantly Undervalued. The stock's GF Value™ is €7.80, compared to a current price of €0.29 — trading 96.3% below its estimated fair value. The current PB Ratio is 0.03, which is 98% below median its 10-year median of 1.64 and 97.6% below the Transportation industry median of 1.25. 2020 Bulkers' overall GF Score™ is 56/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For 2020 Bulkers (FRA:0FF), the current PB Ratio is 0.03 as of Jun. 26, 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 2020 Bulkers (FRA:0FF) Overvalued in 2026?

Based on GuruFocus' analysis, 2020 Bulkers stock appears to be undervalued. The current stock price of €0.29 is trading 96.3% below its estimated GF Value™ of €7.80. GuruFocus considers 2020 Bulkers to be Significantly Undervalued.

Key valuation signals for FRA:0FF:

  • PB Ratio: 0.03 (98% below median its 10-year median of 1.64)
  • GF Value™: €7.80 vs. price of €0.29 (96.3% below fair value)
  • GF Score™: 56/100 with 4 warning signs
  • Industry Position: 97.6% below the Transportation median (#3 of 971)

No single metric tells the full story. See the FRA:0FF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


2020 Bulkers Business Description

Address Tjuvholmen alle 3, 9th floor, Oslo, NOR, 0252
2020 Bulkers Ltd is an owner and operator of large dry bulk vessels. The company has eight Newcastlemax dry bulk vessels in operation.
56GF Score

Get the complete analysis for FRA:0FF

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.29
Price
€7.80
GF Value