P/E ratio for Safe Bulkers (SB)
P/E ratio as of June 2023 (TTM): 2.50
According to Safe Bulkers 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.49635. At the end of 2019 the company had a P/E ratio of 34.0.
P/E ratio history for Safe Bulkers from 2008 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2019 | 34.0 | 205.62% |
| 2018 | 11.1 | -437.54% |
| 2017 | -3.30 | |
| 2015 | -1.09 | -102.24% |
| 2014 | 48.9 | |
| 2012 | 2.65 | -43.02% |
| 2011 | 4.64 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Star Bulk Carriers SBLK | 5.95 | 138.20% | 🇬🇷 Greece |
 Seanergy Maritime SHIP | 1.47 | -41.11% | 🇬🇷 Greece |
 Euroseas ESEA | 1.56 | -37.60% | 🇬🇷 Greece |
 Diana Shipping DSX | 2.67 | 6.82% | 🇬🇷 Greece |
 Navios Maritime Partners NMM | 0.9709 | -61.11% | 🇲🇨 Monaco |
 Navios Maritime Holdings NM | 0.2970 | -88.10% | 🇲🇨 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.