Safe BulkersSB -0.30%66 10-Year ROIIC % is 88.90 as of Dec. 2025. GuruFocus rates SB with a GF Score™ of 66/100 and a GF Value™ of $4.54 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 795 Transportation companies, Safe Bulkers ranks better than 96.73% on this metric.
10-Year Return on Invested Incremental Capital (10-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 10-year.
Safe Bulkers's 10-Year ROIIC % for the quarter that ended in Dec. 2025 was 88.90%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Safe Bulkers's 10-Year ROIIC % or its related term are showing as below:
SB's 10-Year ROIIC % is ranked better than 96.73% of 795
companies
in the Transportation industry
Industry Median: 3.8
vs SB: 88.90
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Safe Bulkers 10-Year ROIIC % Related Terms
Safe Bulkers 10-Year ROIIC % Historical Data
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The historical data trend for Safe Bulkers's 10-Year ROIIC % 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 10-Year ROIIC %, along with its competitors' market caps and 10-Year ROIIC % 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 10-Year ROIIC % vs Transportation Industry
For the Transportation industry and Industrials sector, Safe Bulkers's 10-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Safe Bulkers's 10-Year ROIIC % falls into.
Safe Bulkers's 10-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:
10-Year ROIIC %
=
10-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
10-Year Incremental Invested Capital**
=
( 65.371 (Dec. 2025) - -7.758 (Dec. 2015) )
/
( 1250.384 (Dec. 2025) - 1168.127 (Dec. 2015) )
=
73.129
/
82.257
=
88.90%***
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 10-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Safe Bulkers (SB) has a 10-Year ROIIC % of 88.90 as of Dec. 2025. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on Safe Bulkers and its competitors. According to the industry distribution chart, Safe Bulkers ranks #26 out of 795 companies in the Transportation industry, placing it in the top 3.3%.
Is Safe Bulkers' 10-Year ROIIC % too high?
Safe Bulkers' current 10-Year ROIIC % is 88.90. The Transportation industry median 10-Year ROIIC % is 3.80. Safe Bulkers' value of 88.90 is 2239.5% above this industry median. Based on the distribution chart, Safe Bulkers ranks #26 out of 795 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 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Safe Bulkers' 10-Year ROIIC % compare to ASC and ESEA?
According to the Transportation industry distribution chart, Safe Bulkers ranks #26 out of 795 companies for 10-Year ROIIC %. This places Safe Bulkers in the top 3% of its industry — outperforming the majority of peers. The industry median 10-Year ROIIC % is 3.80. Safe Bulkers' value of 88.90 is 2239.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 10-Year ROIIC % for a Transportation company?
The median 10-Year ROIIC % among Transportation companies is 3.80, based on 795 companies in the industry. Companies in the top quartile (top 25%) have a 10-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 10-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Safe Bulkers's current 10-Year ROIIC % of 88.90 is 2239.5% 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 10-Year ROIIC % mean?
A high 10-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on Safe Bulkers and its competitors. For the Transportation industry, the median 10-Year ROIIC % is 3.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Safe Bulkers's current 10-Year ROIIC % is 88.90. 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 $4.54, compared to a current price of $6.71 — trading 47.8% above its estimated fair value. The current 10-Year ROIIC % is 88.90 and 2239.5% above the Transportation industry median of 3.80. Safe Bulkers' overall GF Score™ is 66/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 10-Year ROIIC % calculated?
10-Year ROIIC % is calculated from a company's financial statements. For Safe Bulkers (SB), the current 10-Year ROIIC % is 88.90 as of Dec. 2025. 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 $6.71 is trading 47.8% above its estimated GF Value™ of $4.54.
GuruFocus considers Safe Bulkers to be Significantly Overvalued.
Key valuation signals for SB:
10-Year ROIIC %: 88.90
GF Value™: $4.54 vs. price of $6.71 (47.8% above fair value)
Industry Position: 2239.5% above the Transportation median (#26 of 795)
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.
66GF Score
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