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SAFE BULKERS, INC. SB

NYSE · stock · Deep Sea Foreign Transportation of Freight · website · IPO 2008-05-29 · LEI

SAFE BULKERS, INC. statistics & valuation

Market cap$650.7M
P / E16.9×
P / B0.8×
Return on equity4.6%
Net debt$407.0M
Net debt / EBITDA3.1×
Enterprise value USD$1.1B
EV / EBITDA8.1×
Earnings yield EBIT/EV6.6%
Return on capital5.2%
Graham number -1.1%$7.38

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($7.38); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
-9.70% -18.60% 5.90% 3.40% -2.90% 25.70% 22.40% 9.80% 11.70% 4.60% 2016201720182019202020212022202320242025
Shares outstanding
99.3M 101.5M 103.0M 104.3M 102.6M 121.6M 120.7M 113.6M 107.6M 103.0M 2016201720182019202020212022202320242025
Net debt ($)
$506.0M $525.6M $527.7M $526.9M $526.2M $259.3M $373.4M $467.7M $464.5M $407.0M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-4.80% -8.20% 2.60% 1.40% -1.20% 15.90% 13.80% 5.80% 6.90% 2.70% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
1.02× 1.25× 1.24× 1.28× 1.39× 0.53× 0.55× 0.65× 0.66× 0.66× 2016201720182019202020212022202320242025
EPS ($)
$0.04 -$0.25 $1.44 $1.36 $0.61 $0.83 $0.30 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

SAFE BULKERS, INC. trades at about 24.9× earnings — above its 10-year norm (10-year range 2.4×–32.5×, median 6.6×).

2.4× 32.5×

Shaded band = 10-year range (2.4×–32.5×); dot = today's 24.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Return on assets2.7%6.9%5.8%13.8%15.9%-1.2%1.4%2.6%-8.2%-4.8%
Return on equity4.6%11.7%9.8%22.4%25.7%-2.9%3.4%5.9%-18.6%-9.7%
Debt / equity0.66×0.66×0.65×0.55×0.53×1.39×1.28×1.24×1.25×1.02×
Current ratio2.901.912.631.731.401.291.571.852.144.67

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.