Royal Caribbean Cruises Ltd. RCL

242.70 3.72 1.56% as of 25 Sep
Market cap
$64.9B
P/E
14.9×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

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

Against its own ten years

Low 0.0× High 50.7×
Ten-year median 12.1×
Current reading's percentile 56

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)

The full definition of EV/EBITDA →

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