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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.
Safe BulkersSB +1.24%64 3-Year Share Buyback Ratio is 4.90 as of Jun. 2026. GuruFocus rates SB with a GF Score™ of 64/100 and a GF Value™ of $5.07 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 528 Transportation companies, Safe Bulkers ranks better than 96.59% on this metric.
Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.
3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Safe Bulkers's current 3-Year Share Buyback Ratio was 4.90%.
The historical rank and industry rank for Safe Bulkers's 3-Year Share Buyback Ratio or its related term are showing as below:
SB'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -12 Med: -5.6 Max: 4.9
Current: 4.9
During the past 13 years, Safe Bulkers's highest 3-Year Share Buyback Ratio was 4.90%. The lowest was -12.00%. And the median was -5.60%.
SB's 3-Year Share Buyback Ratio is ranked better than 96.59% of 528
companies
in the Transportation industry
Industry Median: -0.5
vs SB: 4.90
Safe Bulkers (NYSE:SB) 3-Year Share Buyback Ratio Explanation
A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.
Be Aware
Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.
Safe Bulkers 3-Year Share Buyback Ratio Related Terms
SB vs ASC, ESEA, PANL: 3-Year Share Buyback Ratio Comparison
For the Marine Shipping subindustry, Safe Bulkers's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-Year Share Buyback 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 3-Year Share Buyback Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, Safe Bulkers's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Safe Bulkers's 3-Year Share Buyback Ratio falls into.
Safe Bulkers 3-Year Share Buyback Ratio Calculation
This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
What does a 3-Year Share Buyback Ratio of 4.90 mean?
Safe Bulkers (SB) has a 3-Year Share Buyback Ratio of 4.90 as of Jun. 2026. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Safe Bulkers and its competitors. According to the industry distribution chart, Safe Bulkers ranks #18 out of 528 companies in the Transportation industry, placing it in the top 3.4%.
Is Safe Bulkers' 3-Year Share Buyback Ratio too high?
Safe Bulkers' current 3-Year Share Buyback Ratio is 4.90. Based on the distribution chart, Safe Bulkers ranks #18 out of 528 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 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Safe Bulkers' 3-Year Share Buyback Ratio compare to ASC and ESEA?
According to the Transportation industry distribution chart, Safe Bulkers ranks #18 out of 528 companies for 3-Year Share Buyback Ratio. This places Safe Bulkers in the top 3% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year Share Buyback Ratio for a Transportation company?
A good 3-Year Share Buyback Ratio depends on the Transportation industry context. However, 3-Year Share Buyback Ratio 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 3-Year Share Buyback Ratio mean?
A high 3-Year Share Buyback Ratio can signal that a stock is expensive relative to its fundamentals. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Safe Bulkers and its competitors. Safe Bulkers's current 3-Year Share Buyback Ratio is 4.90. 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 $5.07, compared to a current price of $7.77 — trading 53.2% above its estimated fair value. The current 3-Year Share Buyback Ratio is 4.90. Safe Bulkers' overall GF Score™ is 64/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year Share Buyback Ratio calculated?
3-Year Share Buyback Ratio is calculated from a company's financial statements. For Safe Bulkers (SB), the current 3-Year Share Buyback Ratio is 4.90 as of Jun. 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 $7.77 is trading 53.2% above its estimated GF Value™ of $5.07.
GuruFocus considers Safe Bulkers to be Significantly Overvalued.
Key valuation signals for SB:
3-Year Share Buyback Ratio: 4.90
GF Value™: $5.07 vs. price of $7.77 (53.2% above fair value)
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
3-Year Share Buyback Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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