# Royal Caribbean Cruises Ltd. (RCL) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Consumer Cyclical / Hospitality & Leisure. Price $313.17, market value $83.8 billion.

## Valuation
- **P/E (trailing): 18.5×** (5-yr avg 19.4×, 3-yr avg 19.4×). Royal Caribbean Cruises Ltd. trades at 18.5× 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 15.3×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.36**. A PEG of 0.36 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 4.4×**. Each dollar of revenue is priced at 4.4×.
- **Price / book: 7.2×**. The shares trade at 7.2× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 12.1×**. Enterprise value is 12.1× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 1.8%** (5-yr avg -6.7%). Free cash flow equals 1.8% of the market value, above its five-year average of -6.7%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 5.4%**. The inverse of the P/E: 5.4% of the price is earned each year.

## Profitability
- **Operating margin: 27.6%**. 27.6% 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: 33.6%**. Return on all capital, debt included, is 33.6%: comfortably above what that capital costs.
- **Return on assets: 10.9%**. Each dollar of assets produces 10.9% 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.
- **Current ratio: 0.18** (quick 0.18). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 2.48**. A Z-score of 2.48 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 1.92%** ($5.50 per share, trailing). Royal Caribbean Cruises Ltd. yields 1.92%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 19%** (89% of free cash flow). 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: strong_buy** (26 analysts). 26 analysts cover Royal Caribbean Cruises Ltd.; the consensus is strong_buy, with an average price target of $353.12 (+13% 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): 13.5%** (YTD 16.3%, 3-mo -0.9%). The shares are up 13.5% over twelve months including dividends.
- **From 52-week high: -12.1%** (40.9% above the low). Trading 12% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 72**. An RSI of 72 is in overbought territory; short-term pullbacks are common from here.
- **Beta (1 yr): 1.58** (volatility 48%). Beta of 1.58 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.