Safe Bulkers, Inc
SB Industrials Marine Shipping
Safe Bulkers, Inc’s revenue for fiscal 2025 (year ended December 2025) was $275.7 million, down 10.4% from fiscal 2024. In the quarter to June 2026, revenue grew 33.0%, EPS was flat, free cash flow fell 35.3% and total debt fell 7.44%, each against the same quarter a year earlier. Dividend growth for five consecutive years.
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Safe Bulkers, Inc (SB) P/E ratio
As of 16 October 2026, Safe Bulkers, Inc (SB) trades at a P/E ratio of 10.1×. Over the past ten years it has ranged from 0.0× (March 2021) to 73.7× (May 2021); the current reading is higher than 79% of that period. That is above the Marine Shipping industry median of 8.4× and below the Industrials sector median of 24.7×.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 16.1× | 273.54% |
| FY2024 | 4.3× | (32.49%) |
| FY2023 | 6.4× | 205.18% |
| FY2022 | 2.1× | (22.48%) |
| FY2021 | 2.7× | — |
| FY2020 | 0.0× | — |
| FY2019 | 34.0× | 205.62% |
| FY2018 | 11.1× | — |
| FY2017 | 0.0× | — |
| FY2016 | 0.0× | — |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 8.1× | (42.49%) |
| Mar 2026 | 14.1× | (12.45%) |
| Dec 2025 | 16.1× | 30.27% |
| Sep 2025 | 12.3× | 46.91% |
| 42 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| GSL Global Ship Lease, Inc. compare | 4.0× |
| CMRE Costamare Inc. compare | 5.3× |
| ASC Ardmore Shipping Corporation compare | 7.3× |
| SB Safe Bulkers, Inc | 10.1× |
| PANL Pangaea Logistics Solutions Ltd. compare | 10.1× |
| CCEC Capital Clean Energy Carriers Corp. compare | 10.9× |
| CMDB Costamare Bulkers Holdings Limited compare | 11.7× |
| HSHP Himalaya Shipping Ltd. compare | 14.2× |
| GNK Genco Shipping & Trading Limited compare | 26.7× |
| Marine Shipping industry median | 8.4× |
| Industrials sector median | 24.7× |
| Market median | 18.1× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)