Safe BulkersSB -5.31%64 ROA % is 12.49% as of Mar. 2026, which is 364% above its 10-year median of 2.69. GuruFocus rates SB with a GF Score™ of 64/100 and a GF Value™ of $4.53 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,015 Transportation companies, Safe Bulkers ranks better than 53.89% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Safe Bulkers's annualizedNet Income for the quarter that ended in Mar. 2026 was $88,824 Mil.
Safe Bulkers's average Total Assets over the quarter that ended in Mar. 2026 was $710,904 Mil. Therefore, Safe Bulkers's annualized ROA % for the quarter that ended in Mar. 2026 was 12.49%.
The historical rank and industry rank for Safe Bulkers's ROA % or its related term are showing as below:
SB'
s ROA % Range Over the Past 10 Years
Min: -7.67 Med: 2.69 Max: 15.85
Current: 3.83
During the past 13 years, Safe Bulkers's highest ROA % was 15.85%. The lowest was -7.67%. And the median was 2.69%.
SB's ROA % is ranked better than 53.89% of 1015
companies
in the Transportation industry
Industry Median: 3.46
vs SB: 3.83
Safe Bulkers (NYSE:SB) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Safe Bulkers ROA % Related Terms
Safe Bulkers ROA % Historical Data
* Premium members only.
The historical data trend for Safe Bulkers's ROA % 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 ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Transportation Industry
For the Transportation industry and Industrials sector, Safe Bulkers's ROA % distribution charts can be found below:
* The bar in red indicates where Safe Bulkers's ROA % 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Safe Bulkers (SB) has a ROA % of 12.49% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Safe Bulkers and its competitors. This is 364% above median its historical median of 2.69. According to the industry distribution chart, Safe Bulkers ranks #468 out of 1015 companies in the Transportation industry, placing it in the top 46.1%.
Is Safe Bulkers' ROA % too high?
Safe Bulkers' current ROA % of 12.49% is 364% above median its 10-year median of 2.69. The Transportation industry median ROA % is 3.46. Safe Bulkers' value of 12.49% is 261% above this industry median. Based on the distribution chart, Safe Bulkers ranks #468 out of 1015 companies in the Transportation industry, which is above the industry midpoint. 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' ROA % compare to ASC and PANL?
According to the Transportation industry distribution chart, Safe Bulkers ranks #468 out of 1015 companies for ROA %. This puts Safe Bulkers in the upper half of its industry. The industry median ROA % is 3.46. Safe Bulkers' value of 12.49% is 261% above this benchmark. While the company's 10-year median is 2.69 vs. the industry median of 3.46, 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 ROA % for a Transportation company?
The median ROA % among Transportation companies is 3.46, based on 1,015 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Safe Bulkers's current ROA % of 12.49% is 261% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Safe Bulkers and its competitors. For the Transportation industry, the median ROA % is 3.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Safe Bulkers's current ROA % is 12.49%, which is 364% above median its own 10-year median of 2.69. 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 $4.53, compared to a current price of $6.78 — trading 49.7% above its estimated fair value. The current ROA % is 12.49%, which is 364% above median its 10-year median of 2.69 and 261% above the Transportation industry median of 3.46. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For Safe Bulkers (SB), the current ROA % is 12.49% 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 overvalued.
The current stock price of $6.78 is trading 49.7% above its estimated GF Value™ of $4.53.
GuruFocus considers Safe Bulkers to be Significantly Overvalued.
Key valuation signals for SB:
ROA %: 12.49% (364% above median its 10-year median of 2.69)
GF Value™: $4.53 vs. price of $6.78 (49.7% above fair value)
Industry Position: 261% above the Transportation median (#468 of 1015)
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
ROA % 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 
