Pricing Log in Create free account
Saturday 17 October 2026 Export RCL’s income statement to Excel — free account

Royal Caribbean Cruises Ltd.

RCL Consumer Cyclical Travel Services

Royal Caribbean Cruises Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $17.9 billion, up 8.80% from fiscal 2024. In the quarter to June 2026, revenue grew 6.48%, EPS fell 5.39%, free cash flow fell 196.4% and total debt rose 20.1%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years, revenue growth for three, operating cash flow growth for five.

277.68 2.33 −0.83%
Market cap
$74.9B
P/E
17.1×
Fwd P/E
16.3×
Dividend yield
1.98%
F-score
7/9
Altman Z
2.18
Beneish M
−2.86
Dividend safety
57/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Royal Caribbean Cruises Ltd. (RCL) P/B ratio

Alert me on P/B ratio

As of 16 October 2026, Royal Caribbean Cruises Ltd. (RCL) trades at a P/B ratio of 7.1×. Over the past ten years it has ranged from 0.4× (March 2020) to 10.6× (August 2025); the current reading is higher than 83% of that period. That is above the Travel Services industry median of 2.6× and above the Consumer Cyclical sector median of 1.6×.

P/B ratio, daily

Embed this chart

Annual newest first

Period P/B ratio Change
FY2025 7.4× (5.22%)
FY2024 7.8× 23.99%
FY2023 6.3× 45.01%
FY2022 4.3× 13.61%
FY2021 3.8× 108.54%
FY2020 1.8× (20.50%)
FY2019 2.3× 23.96%
FY2018 1.9× (23.19%)
FY2017 2.4× 21.89%
FY2016 2.0× (28.13%)

Quarterly newest first

Period P/B ratio Change
Jun 2026 8.1× 9.79%
Mar 2026 7.4× 0.42%
Dec 2025 7.4× (13.76%)
Sep 2025 8.6× (5.99%)
42 more quarters

Against its own ten years

Low 0.4× High 10.6×
Ten-year median 2.5×
Current reading's percentile 81

P/B ratio against peers

Company P/B ratio
MMYT MakeMyTrip Limited compare n/m
BKNG Booking Holdings Inc. compare n/m
TCOM Trip.com Group Limited Sponsored ADR compare 1.0×
CCL Carnival Corporation compare 2.5×
NCLH Norwegian Cruise Line Holdings Ltd. compare 2.7×
RCL Royal Caribbean Cruises Ltd. 7.1×
ABNB Airbnb, Inc. compare 13.2×
EXPE Expedia Group, Inc. compare 14.1×
VIK Viking Holdings Ltd. compare 22.5×
Travel Services industry median 2.6×
Consumer Cyclical sector median 1.6×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

More on RCL