SB (Safe Bulkers) Shiller PE Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SB Safe Bulkers Inc SB
58 GF Score
Price $9.18
GF Value $5.10
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Safe Bulkers Shiller PE Ratio?

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.

Safe Bulkers Shiller PE Ratio Chart

Safe Bulkers Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.35 25.75 98.25 30.78 19.28

Safe Bulkers Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Shiller PE 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 23.91 24.00 19.36 20.55 17.29

SB vs ASC, GNK, ESEA: Shiller PE Ratio Comparison

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.


SB
58GF Score
Safe Bulkers Inc SB
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Safe Bulkers Shiller PE Ratio Calculation

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 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:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.3256/333.9520*333.9520
=0.326

Current CPI (Jun. 2026) = 333.9520.

Safe Bulkers Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 -0.340 241.428 -0.470
201612 -0.090 241.432 -0.124
201703 -0.070 243.801 -0.096
201706 -0.070 244.955 -0.095
201709 0.040 246.819 0.054
201712 -0.880 246.524 -1.192
201803 0.030 249.554 0.040
201806 0.010 251.989 0.013
201809 0.051 252.439 0.068
201812 0.065 251.233 0.087
201903 0.025 254.202 0.033
201906 -0.013 256.143 -0.017
201909 0.023 256.759 0.030
201912 0.008 256.974 0.010
202003 -0.125 258.115 -0.161
202006 -0.164 257.797 -0.212
202009 0.001 260.280 0.001
202012 0.042 260.474 0.054
202103 0.182 264.877 0.229
202106 0.270 271.696 0.332
202109 0.439 274.310 0.534
202112 0.513 278.802 0.615
202203 0.276 287.504 0.321
202206 0.396 296.311 0.446
202209 0.407 296.808 0.458
202212 0.276 296.797 0.311
202303 0.146 301.836 0.162
202306 0.119 305.109 0.130
202309 0.117 307.789 0.127
202312 0.230 306.746 0.250
202403 0.211 312.332 0.226
202406 0.240 314.175 0.255
202409 0.217 315.301 0.229
202412 0.163 315.605 0.173
202503 0.050 319.799 0.052
202506 -0.003 322.561 -0.003
202509 0.154 324.800 0.159
202512 0.096 324.054 0.099
202603 0.198 330.213 0.200
202606 0.326 333.952 0.326

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.

Is Safe Bulkers (SB) Overvalued in 2026?

Based on GuruFocus' analysis, Safe Bulkers stock appears to be overvalued. The current stock price of $9.18 is trading 80% above its estimated GF Value™ of $5.10. GuruFocus considers Safe Bulkers to be Significantly Overvalued.

Key valuation signals for SB:

  • Shiller PE Ratio:
  • GF Value™: $5.10 vs. price of $9.18 (80% above fair value)
  • GF Score™: 58/100 with 8 warning signs

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 Business Description

Address 6, Avenue des Citronniers, Apartment D11, Les Acanthes, Monaco City, MCO, MC98000
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

Get the complete analysis for SB

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

$9.18
Price
$5.10
GF Value