P/E ratio for Safe Bulkers (SB)
P/E ratio as of June 2024 (TTM): 5.88
According to Safe Bulkers 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.875. At the end of 2022 the company had a P/E ratio of 2.12.
P/E ratio history for Safe Bulkers from 2008 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 2.12 | -21.12% |
| 2021 | 2.69 | -151.63% |
| 2020 | -5.22 | -115.34% |
| 2019 | 34.0 | 205.62% |
| 2018 | 11.1 | -437.54% |
| 2017 | -3.30 | 137.88% |
| 2016 | -1.39 | 26.58% |
| 2015 | -1.09 | -102.24% |
| 2014 | 48.9 | 393.45% |
| 2013 | 9.90 | 274.38% |
| 2012 | 2.65 | -43.02% |
| 2011 | 4.64 | -8.28% |
| 2010 | 5.06 | 75.7% |
| 2009 | 2.88 | -5.53% |
| 2008 | 3.05 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Star Bulk Carriers SBLK | 7.40 | 25.95% | 🇬🇷 Greece |
 Seanergy Maritime SHIP | 53.0 | 802.87% | 🇬🇷 Greece |
 Euroseas ESEA | 2.55 | -56.65% | 🇬🇷 Greece |
 Diana Shipping DSX | 3.04 | -48.24% | 🇬🇷 Greece |
 Navios Maritime Partners NMM | 2.54 | -56.68% | 🇲🇨 Monaco |
 Navios Maritime Holdings NM | 1.30 | -77.92% | 🇲🇨 Monaco |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.