Is Safe Bulkers, Inc. overvalued or undervalued?

As of 23 May 2025, the valuation grade for Safe Bulkers, Inc. has moved from fair to very attractive, indicating a significant improvement in its perceived value. The company is currently undervalued, with a P/E ratio of 5, a Price to Book Value of 0.47, and an EV to EBITDA ratio of 5.16. These metrics suggest that Safe Bulkers is trading at a discount compared to its peers.
In comparison to its industry peers, Safe Bulkers stands out with a lower P/E ratio than Navios Maritime Partners LP, which has a P/E of 3.53, and is significantly lower than Navigator Holdings Ltd., which is considered expensive with a P/E of 9.28. The company's dividend yield of 4.60% and ROE of 9.46% further reinforce its attractiveness. Despite a recent decline in stock performance relative to the S&P 500 over the past year, Safe Bulkers' long-term return of 186.15% over five years highlights its potential for future growth.