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Lowest Price to Book Ratio in the Marine Industry Detected for FreeSeas (FREE, SBLK, EXM)

Published on Mon, 03/18/2013 - 10:30
By Robert Cotter

Below are the three companies in the Marine industry with the lowest price to book ratios. Often companies with the lowest ratio present the greatest value to investors.

FreeSeas (NASDAQ:FREE) is lowest with a price to book ratio of 0.01. FreeSeas Inc. is involved in the transportation of dry bulk cargos through the ownership and operation of drybulk vessels. Thus far today, FreeSeas has traded 50,000 shares, vs. average volume of 431,000 shares per day. The stock has outperformed the Dow (2.6% to the Dow's -0.2%) and outperformed the S&P 500 (2.6% to the S&P's -0.5%) during today's trading.

Following is Star Bulk Carriers (NASDAQ:SBLK) with a price to book ratio of 0.02.

Finishing up the bottom three is Excel Maritime Carriers (NYSE:EXM), with a price to book ratio of 0.04.

By Robert Cotter