Safe BulkersSB -5.31%64 Pretax 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 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,005 Transportation companies, Safe Bulkers ranks better than 77.71% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Safe Bulkers's Pre-Tax 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 pretax margin for the quarter that ended in Mar. 2026 was 29.85%.
The historical rank and industry rank for Safe Bulkers's Pretax Margin % or its related term are showing as below:
SB'
s Pretax Margin % Range Over the Past 10 Years
Min: -57.2 Med: 14.16 Max: 52.99
Current: 29.81
SB's Pretax Margin % is ranked better than 77.71% of 1005
companies
in the Transportation industry
Industry Median: 6.75
vs SB: 29.81
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Safe Bulkers Pretax Margin % Related Terms
Safe Bulkers Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Safe Bulkers's Pretax 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 Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs Transportation Industry
For the Transportation industry and Industrials sector, Safe Bulkers's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Safe Bulkers's Pretax 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 Pretax Margin % of 29.85% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax 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 #224 out of 1005 companies in the Transportation industry, placing it in the top 22.3%.
Is Safe Bulkers' Pretax Margin % too high?
Safe Bulkers' current Pretax Margin % of 29.85% is 111% above median its 10-year median of 14.16. The Transportation industry median Pretax Margin % is 6.75. Safe Bulkers' value of 29.85% is 342.2% above this industry median. Based on the distribution chart, Safe Bulkers ranks #224 out of 1005 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 Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Safe Bulkers' Pretax Margin % compare to ASC and PANL?
According to the Transportation industry distribution chart, Safe Bulkers ranks #224 out of 1005 companies for Pretax Margin %. This places Safe Bulkers in the top 22% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 6.75. Safe Bulkers' value of 29.85% is 342.2% above this benchmark. While the company's 10-year median is 14.16 vs. the industry median of 6.75, 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 Pretax Margin % for a Transportation company?
The median Pretax Margin % among Transportation companies is 6.75, based on 1,005 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Safe Bulkers's current Pretax Margin % of 29.85% is 342.2% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Safe Bulkers and its competitors. For the Transportation industry, the median Pretax Margin % is 6.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Safe Bulkers's current Pretax 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 Possible Value Trap. 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 Pretax Margin % is 29.85%, which is 111% above median its 10-year median of 14.16 and 342.2% above the Transportation industry median of 6.75. Safe Bulkers' overall GF Score™ is 64/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Safe Bulkers (SB), the current Pretax 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 Possible Value Trap.
Key valuation signals for SB:
Pretax 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: 342.2% above the Transportation median (#224 of 1005)
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
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