Royal Caribbean Cruises Ltd. RCL
- Market cap
- $64.9B
- P/E
- 14.9×
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Royal Caribbean Cruises Ltd. (RCL) EV/EBITDA
As of 25 September 2026, Royal Caribbean Cruises Ltd. (RCL) trades at a EV/EBITDA of 12.5×. Over the past ten years it has ranged from 0.0× (December 2022) to 50.7× (February 2023); the current reading is higher than 56% of that period. That is in line with the Travel Services industry median of 12.8× and above the Consumer Cyclical sector median of 9.4×.
EV/EBITDA, daily
Annual
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2025 | 14.3× | 3.82% |
| FY2024 | 13.8× | 18.23% |
| FY2023 | 11.6× | (72.37%) |
| FY2022 | 42.1× | — |
| FY2021 | 0.0× | — |
| FY2020 | 0.0× | — |
| FY2019 | 11.4× | 9.57% |
| FY2018 | 10.4× | (14.07%) |
| FY2017 | 12.1× | 7.68% |
| FY2016 | 11.3× | (35.47%) |
Quarterly
| Period | EV/EBITDA | Change |
|---|---|---|
| Jun 2026 | 15.3× | 13.41% |
| Mar 2026 | 13.5× | (5.39%) |
| Dec 2025 | 14.3× | (15.59%) |
| Sep 2025 | 16.9× | 2.70% |
| 42 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| CCL Carnival Corporation compare | 7.2× |
| EXPE Expedia Group, Inc. compare | 7.7× |
| NCLH Norwegian Cruise Line Holdings Ltd. compare | 7.8× |
| TCOM Trip.com Group Limited Sponsored ADR compare | 11.0× |
| RCL Royal Caribbean Cruises Ltd. | 12.5× |
| BKNG Booking Holdings Inc. compare | 13.1× |
| VIK Viking Holdings Ltd. compare | 19.7× |
| GBTG Global Business Travel Group, Inc. compare | 20.1× |
| ABNB Airbnb, Inc. compare | 31.3× |
| Travel Services industry median | 12.8× |
| Consumer Cyclical sector median | 9.4× |
| Market median | 11.0× |
What EV/EBITDA is
Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)
More on RCL
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement