Latest Ratios: P/E Ratio 35.9x · EV/EBITDA 11.5x · ROE 3.4%. (2005–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.0B | $2.2B | $1.6B | $2.1B | $2.0B | $2.3B | $850M | $1.1B | $707M | $710M | $243M |
| Enterprise Value | $3.6B | $2.8B | $2.7B | $3.1B | $3.0B | $3.4B | $2.2B | $2.6B | $1.9B | $1.5B | $1.0B |
| P/E Ratio → | 35.89 | 26.33 | 5.34 | 12.15 | 3.48 | 3.38 | 88.30 | — | 12.03 | — | — |
| P/S Ratio | 2.86 | 2.13 | 1.28 | 2.22 | 1.37 | 1.61 | 1.23 | 1.35 | 1.08 | 2.14 | 1.09 |
| P/B Ratio | 1.23 | 0.91 | 0.65 | 1.27 | 0.98 | 1.11 | 0.55 | 0.72 | 0.46 | 0.65 | 0.23 |
| P/FCF | 14.20 | 10.56 | 3.94 | 6.62 | 2.65 | 3.61 | 8.63 | — | — | — | — |
| P/OCF | 10.14 | 7.54 | 3.48 | 6.26 | 2.56 | 3.00 | 4.98 | 12.51 | 4.18 | 8.77 | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.68 | 2.10 | 3.31 | 2.07 | 2.41 | 3.20 | 3.13 | 2.98 | 4.46 | 4.56 |
| EV / EBITDA | 11.51 | 9.03 | 4.86 | 8.33 | 3.89 | 3.86 | 9.86 | 13.13 | 8.34 | 12.18 | — |
| EV / EBIT | 25.27 | 19.84 | 7.79 | 15.99 | 4.88 | 4.68 | 32.72 | 32.90 | 12.94 | 42.32 | — |
| EV / FCF | — | 13.28 | 6.44 | 9.89 | 3.99 | 5.40 | 22.54 | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 22.5% | 22.5% | 46.0% | 41.6% | 57.1% | 65.2% | 35.0% | 29.1% | 44.4% | 45.6% | 20.0% |
| Operating Margin | 13.5% | 13.5% | 30.3% | 25.1% | 42.3% | 51.8% | 12.1% | 9.0% | 20.2% | 11.7% | -49.2% |
| Net Profit Margin | 8.1% | 8.1% | 24.1% | 18.3% | 39.4% | 47.7% | 1.4% | -2.0% | 9.0% | -2.9% | -69.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.4% | 3.4% | 14.7% | 9.4% | 27.6% | 37.5% | 0.6% | -1.1% | 4.5% | -0.9% | -14.2% |
| ROA | 2.1% | 2.1% | 8.6% | 5.4% | 15.7% | 19.6% | 0.3% | -0.5% | 2.3% | -0.5% | -7.4% |
| ROIC | 3.2% | 3.2% | 9.3% | 6.3% | 14.6% | 18.1% | 2.1% | 1.9% | 4.3% | 1.6% | -4.4% |
| ROCE | 4.0% | 4.0% | 12.1% | 8.2% | 18.4% | 23.1% | 2.9% | 2.6% | 5.6% | 2.0% | -5.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.44 | 0.44 | 0.59 | 0.76 | 0.64 | 0.76 | 1.01 | 1.03 | 0.95 | 0.94 | 0.92 |
| Debt / EBITDA | 3.47 | 3.47 | 2.66 | 3.36 | 1.68 | 1.78 | 6.93 | 8.08 | 6.19 | 8.46 | — |
| Net Debt / Equity | — | 0.23 | 0.42 | 0.62 | 0.50 | 0.55 | 0.88 | 0.95 | 0.81 | 0.71 | 0.74 |
| Net Debt / EBITDA | 1.85 | 1.85 | 1.88 | 2.75 | 1.31 | 1.28 | 6.08 | 7.48 | 5.31 | 6.33 | — |
| Debt / FCF | — | 2.72 | 2.50 | 3.27 | 1.34 | 1.79 | 13.91 | — | — | — | — |
| Interest Coverage | 1.97 | 1.97 | 3.50 | 2.24 | 9.73 | 13.11 | 0.98 | 0.89 | 2.04 | 0.70 | -1.44 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.78 | 1.78 | 1.65 | 1.25 | 1.78 | 2.35 | 1.15 | 0.86 | 1.34 | 1.43 | 8.12 |
| Quick Ratio | 1.78 | 1.78 | 1.45 | 1.08 | 1.54 | 2.09 | 0.98 | 0.69 | 1.22 | 1.34 | 7.61 |
| Cash Ratio | 1.30 | 1.30 | 1.06 | 0.64 | 1.01 | 1.55 | 0.72 | 0.38 | 0.92 | 1.18 | 6.46 |
| Asset Turnover | — | 0.27 | 0.31 | 0.31 | 0.42 | 0.38 | 0.22 | 0.25 | 0.22 | 0.15 | 0.11 |
| Inventory Turnover | — | — | 8.69 | 8.89 | 9.18 | 6.62 | 9.53 | 11.39 | 13.20 | 9.34 | 12.22 |
| Days Sales Outstanding | — | — | 28.36 | 33.83 | 21.45 | 30.53 | 29.81 | 34.67 | 26.06 | 25.25 | 33.80 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.1% | 1.5% | 17.0% | 7.5% | 33.9% | 10.0% | 0.6% | 0.4% | — | — | — |
| Payout Ratio | 40.8% | 40.8% | 90.9% | 91.1% | 118.1% | 33.8% | 49.7% | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.8% | 3.8% | 18.7% | 8.2% | 28.7% | 29.6% | 1.1% | — | 8.3% | — | — |
| FCF Yield | 7.0% | 9.5% | 25.4% | 15.1% | 37.8% | 27.7% | 11.6% | — | — | — | — |
| Buyback Yield | 3.3% | 4.4% | 1.6% | 18.7% | 1.0% | 0.4% | 0.0% | 1.9% | 0.4% | 0.0% | 0.0% |
| Total Shareholder Yield | 4.4% | 6.0% | 18.6% | 26.2% | 34.9% | 10.5% | 0.6% | 2.3% | 0.4% | 0.0% | 0.0% |
| Shares Outstanding | — | $115M | $109M | $99M | $103M | $101M | $96M | $94M | $77M | $63M | $48M |
Cyclical charter rate volatility
According to current market data, SBLK trades at a forward P/E of 5.87, which suggests that investors are pricing in significant earnings volatility compared to the TTM P/E of 33.42, reflecting a cautious outlook on the sustainability of recent charter rate peaks within the dry bulk sector.
The wide divergence between trailing and forward multiples indicates that the market anticipates a normalization of earnings as the current commodity cycle cools. While the PEG ratio of 0.68 appears attractive, it warrants skepticism given the inherent unpredictability of spot market rates that drive the company's top-line performance.
Based on reported financial figures, SBLK's ROIC has trended downward from a peak of 3.1% in 2024Q2 to 1.8% in 2026Q1, illustrating the difficulty of maintaining high returns on invested capital in an asset-heavy industry subject to intense global trade flow fluctuations and vessel supply dynamics.
The compression in ROIC suggests that the capital deployed for fleet expansion and scrubber retrofitting is currently struggling to outpace the decline in charter rates. Investors should monitor whether the integration of the Eagle Bulk fleet can eventually drive higher asset utilization and improve these returns as the cycle matures.
As reported in recent quarterly filings, the company's cash conversion cycle has remained relatively contained, fluctuating between 37 and 51 days, which indicates a disciplined approach to managing voyage-related payables and receivables despite the inherent complexities of operating a large, diverse fleet across global maritime routes.
The stability in the CCC suggests that management maintains effective control over its operational liquidity, preventing working capital from becoming a drag on cash flow during periods of market stress. This efficiency is critical for maintaining the flexibility required to navigate the volatile spot market environment.
According to the company's balance sheet data, the debt-to-equity ratio has improved significantly from 0.76 in 2023Q4 to 0.39 in 2026Q1, signaling a proactive effort to reduce financial risk and enhance the company's resilience against potential downturns in the global dry bulk shipping market.
This reduction in leverage is a positive indicator of balance sheet health, providing a larger buffer for interest coverage during periods of lower charter rates. The trend suggests that management is prioritizing financial stability, which may lower the cost of capital and support future dividend sustainability.
As evidenced by industry standards, the price-to-book ratio is frequently misapplied to SBLK, as it fails to account for the significant variance between the historical cost of vessels and their current market value, which is heavily influenced by age, scrubber integration, and environmental regulatory compliance.
Investors should instead focus on the net asset value (NAV) of the fleet, which provides a more accurate reflection of the company's underlying worth in a liquidation or replacement scenario. Relying solely on P/B may obscure the true value of the company's modern, scrubber-fitted fleet relative to older, less efficient peer assets.
Includes 30+ ratios · 21 years · Updated daily
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Quick answers to the most common questions about buying SBLK stock.
Star Bulk Carriers Corp.'s current P/E ratio is 35.9x. The historical average is 39.0x. This places it at the 70th percentile of its historical range.
Star Bulk Carriers Corp.'s current EV/EBITDA is 11.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.0x.
Star Bulk Carriers Corp.'s return on equity (ROE) is 3.4%. The historical average is -3.2%.
Based on historical data, Star Bulk Carriers Corp. is trading at a P/E of 35.9x. This is at the 70th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Star Bulk Carriers Corp.'s current dividend yield is 1.14% with a payout ratio of 40.8%.
Star Bulk Carriers Corp. has 22.5% gross margin and 13.5% operating margin. Operating margin between 10-20% is typical for established companies.
Star Bulk Carriers Corp.'s Debt/EBITDA ratio is 3.5x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.