# Royal Caribbean Cruises Ltd. (RCL) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Consumer Cyclical / Hotels, Restaurants & Leisure. Price $265.19, market value $70.9 billion.

## Valuation
- **P/E (trailing): 16.4×** (5-yr avg 19.4×, 3-yr avg 19.4×). Royal Caribbean Cruises Ltd. trades at 16.4× trailing earnings, close to its own five-year average of 19.4×. The Consumer Cyclical median in the September 2026 study was 19.5×. Forward P/E is 13.1×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.31**. A PEG of 0.31 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 3.8×**. Each dollar of revenue is priced at 3.8×.
- **Price / book: 6.9×**. The shares trade at 6.9× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 10.6×**. Enterprise value is 10.6× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: -0.6%** (5-yr avg -6.7%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 6.1%**. The inverse of the P/E: 6.1% of the price is earned each year.

## Profitability
- **Operating margin: 27.3%**. 27.3% of revenue is left after running the business, an exceptional level.
- **Net margin: 23.8%**. 23.8% of each dollar of sales reaches the bottom line.
- **Return on equity: 42.5%**. 42.5% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 32.5%**. Return on all capital, debt included, is 32.5%: comfortably above what that capital costs.
- **Return on assets: 10.6%**. Each dollar of assets produces 10.6% of profit.

## Growth
- **Revenue growth (1 yr): 8.8%** (3-yr 26.6%/yr, 5-yr 52.0%/yr). Revenue grew 8.8% over the last year, against 52.0% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 42.7%**. Earnings per share rose 42.7%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.32**. Debt is 0.32 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.3×**. It would take 0.3 years of operating earnings to repay net borrowings, within the comfortable range.
- **Altman Z-score: 2.51**. A Z-score of 2.51 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 2.26%** ($5.00 per share, trailing). Royal Caribbean Cruises Ltd. yields 2.26%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 19%**. 19% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 2**. 2 straight years of increases.
- **Dividend growth (5 yr): 35.0%/yr** (1-yr 268.4%). The dividend has compounded at 35.0% a year over five years, doubling roughly every 2 years at that pace.

## Analyst view
- **Analyst consensus: buy** (26 analysts). 26 analysts cover Royal Caribbean Cruises Ltd.; the consensus is buy, with an average price target of $346.92 (+31% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -25.1%** (YTD -3.9%, 3-mo -5.3%). The shares are down 25.1% over twelve months including dividends.
- **From 52-week high: -25.6%** (14.3% above the low). Trading 26% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 26**. An RSI of 26 is oversold; bounces are common, but oversold can stay oversold in a real decline.
- **Beta (1 yr): 1.65** (volatility 47%). Beta of 1.65 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=RCL · Page: https://foliofundamentals.com/stocks/rcl

Not investment advice.