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Safe BulkersSB +2.97%58 Shiller PE Ratio is 24.68 as of Sep. 17, 2026, which is 20% above its 10-year median of 20.55. GuruFocus rates SB with a GF Score™ of 58/100 and a GF Value™ of $5.10 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 592 Transportation companies, Safe Bulkers ranks worse than 64.7% on this metric.
As of today (2026-09-17), Safe Bulkers's current share price is $9.01. Safe Bulkers's E10 for the quarter that ended in Jun. 2026 was $0.37. Safe Bulkers's Shiller PE Ratio for today is 24.68.
The historical rank and industry rank for Safe Bulkers's Shiller PE Ratio or its related term are showing as below:
SB'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 1.09 Med: 20.55 Max: 128
Current: 23.71
During the past years, Safe Bulkers's highest Shiller PE Ratio was 128.00. The lowest was 1.09. And the median was 20.55.
SB's Shiller PE Ratio is ranked worse than 64.7% of 592
companies
in the Transportation industry
Industry Median: 18.35
vs SB: 23.71
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
Safe Bulkers's adjusted earnings per share data for the three months ended in Jun. 2026 was $0.326. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.37 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Safe Bulkers (NYSE:SB) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
Safe Bulkers Shiller PE Ratio Related Terms
Safe Bulkers Shiller PE Ratio Historical Data
* Premium members only.
The historical data trend for Safe Bulkers's Shiller PE 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.
For the Marine Shipping subindustry, Safe Bulkers's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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.
Safe Bulkers Shiller PE Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, Safe Bulkers's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Safe Bulkers's Shiller PE Ratio falls into.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
Safe Bulkers's Shiller PE Ratio for today is calculated as
* 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's E10 for the quarter that ended in Jun. 2026 is calculated as:
For example, Safe Bulkers's adjusted earnings per share data for the three months ended in Jun. 2026 was:
Add all the adjusted EPS together and divide 10 will get our E10.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
Safe Bulkers (SB) has a Shiller PE Ratio of 24.68 as of Sep. 17, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Safe Bulkers and its competitors. This is 20% above median its historical median of 20.55. Over the past decade, Safe Bulkers' Shiller PE Ratio has ranged from 1.09 to 128.00. According to the industry distribution chart, Safe Bulkers ranks #383 out of 592 companies in the Transportation industry, placing it in the top 64.7%.
Is Safe Bulkers' Shiller PE Ratio too high?
Safe Bulkers' current Shiller PE Ratio of 24.68 is 20% above median its 10-year median of 20.55. Over the past 10 years, this metric has ranged from a low of 1.09 to a high of 128.00. The Transportation industry median Shiller PE Ratio is 18.35. Safe Bulkers' value of 24.68 is 34.5% above this industry median. Based on the distribution chart, Safe Bulkers ranks #383 out of 592 companies in the Transportation industry, which is below the industry midpoint. Overall, Safe Bulkers has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Safe Bulkers' Shiller PE Ratio compare to ASC and GNK?
According to the Transportation industry distribution chart, Safe Bulkers ranks #383 out of 592 companies for Shiller PE Ratio. This places Safe Bulkers in the lower half of its industry. The industry median Shiller PE Ratio is 18.35. Safe Bulkers' value of 24.68 is 34.5% above this benchmark. Historically, Safe Bulkers' own Shiller PE Ratio has ranged from 1.09 to 128.00 over the past decade. While the company's 10-year median is 20.55 vs. the industry median of 18.35, 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 Shiller PE Ratio for a Transportation company?
The median Shiller PE Ratio among Transportation companies is 18.35, based on 592 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Safe Bulkers's current Shiller PE Ratio of 24.68 is 34.5% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Safe Bulkers and its competitors. For the Transportation industry, the median Shiller PE Ratio is 18.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Safe Bulkers's current Shiller PE Ratio is 24.68, which is 20% above median its own 10-year median of 20.55. 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 $5.10, compared to a current price of $9.01 — trading 76.7% above its estimated fair value. The current Shiller PE Ratio is 24.68, which is 20% above median its 10-year median of 20.55 and 34.5% above the Transportation industry median of 18.35. Safe Bulkers' overall GF Score™ is 58/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Safe Bulkers (SB), the current Shiller PE Ratio is 24.68 as of Sep. 17, 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 $9.01 is trading 76.7% above its estimated GF Value™ of $5.10.
GuruFocus considers Safe Bulkers to be Significantly Overvalued.
Key valuation signals for SB:
Shiller PE Ratio: 24.68 (20% above median its 10-year median of 20.55)
GF Value™: $5.10 vs. price of $9.01 (76.7% above fair value)
Industry Position: 34.5% above the Transportation median (#383 of 592)
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.
58GF Score
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