Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Safe Bulkers's operating assets for the quarter that ended in Mar. 2026 was €1,080,065 Mil. Safe Bulkers's operating liabilities for the quarter that ended in Mar. 2026 was €28,731 Mil. Safe Bulkers's Total Assets for the quarter that ended in Dec. 2025 was €1,198 Mil. Therefore, Safe Bulkers's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 877.34.
Safe Bulkers Scaled Net Operating Assets Related Terms
Safe Bulkers Scaled Net Operating Assets Historical Data
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The historical data trend for Safe Bulkers's Scaled Net Operating Assets 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.
ATH:SB vs : Scaled Net Operating Assets Comparison
For the Marine Shipping subindustry, Safe Bulkers's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Transportation Industry
For the Transportation industry and Industrials sector, Safe Bulkers's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Safe Bulkers's Scaled Net Operating Assets 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.
What does a Scaled Net Operating Assets of 877.34 mean?
Safe Bulkers (ATH:SB) has a Scaled Net Operating Assets of 877.34 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Safe Bulkers and its competitors.
Is Safe Bulkers' Scaled Net Operating Assets too high?
Safe Bulkers' current Scaled Net Operating Assets is 877.34. Overall, Safe Bulkers has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Safe Bulkers' Scaled Net Operating Assets compare to ?
Safe Bulkers' Scaled Net Operating Assets of 877.34 can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Transportation company?
A good Scaled Net Operating Assets depends on the Transportation industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Safe Bulkers and its competitors. Safe Bulkers's current Scaled Net Operating Assets is 877.34. 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 (ATH:SB) is currently considered Significantly Overvalued. The stock's GF Value™ is €3.92, compared to a current price of €6.25 — trading 59.3% above its estimated fair value. The current Scaled Net Operating Assets is 877.34. Safe Bulkers' overall GF Score™ is 51/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Safe Bulkers (ATH:SB), the current Scaled Net Operating Assets is 877.34 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 (ATH:SB) Overvalued in 2026?
Based on GuruFocus' analysis, Safe Bulkers stock appears to be overvalued.
The current stock price of €6.25 is trading 59.3% above its estimated GF Value™ of €3.92.
GuruFocus considers Safe Bulkers to be Significantly Overvalued.
Key valuation signals for ATH:SB:
Scaled Net Operating Assets: 877.34
GF Value™: €3.92 vs. price of €6.25 (59.3% above fair value)
No single metric tells the full story. See the ATH: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.
51GF Score
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