Friday 6 November 2026 Export RCL’s income statement to Excel — free account

Royal Caribbean Cruises Ltd.

Royal Caribbean Cruises Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $17.9 billion, up 8.80% from fiscal 2024.

Revenue: +8.80%
EPS: +11.6%
Free cash flow: +194.7%
Total debt: +10.2%

Quarter to September 2026, against a year earlier

326.71 3.98 +1.23%

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Market cap: $86.3B
P/E: 19.0×
Fwd P/E: 17.4×
Dividend yield: 1.70%
F-score: 7/9
Altman Z: 2.18
Beneish M: −2.86
Dividend safety: 57/100

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

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As of 5 November 2026, Royal Caribbean Cruises Ltd. (RCL) trades at a P/B ratio of 7.2×. Over the past ten years it has ranged from 0.4× (March 2020) to 10.6× (August 2025); the current reading is higher than 85% of that period. That is above the Travel Services industry median of 2.7× and above the Consumer Cyclical sector median of 1.7×.

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<iframe src="https://stockrow.com/embed/RCL/pb-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Royal Caribbean Cruises Ltd. P/B ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/RCL/metrics/pb-ratio">Royal Caribbean Cruises Ltd. (RCL) P/B ratio — stockrow.com</a></p>

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%)

Period	P/B ratio	Change
Sep 2026	6.0×	(26.75%)
Jun 2026	8.1×	9.79%
Mar 2026	7.4×	0.42%
Dec 2025	7.4×	(13.76%)
43 more quarters	Free account

Against its own ten years

Low 0.4× High 10.6×

Ten-year median 2.5×

Current reading's percentile 83

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	1.1×
NCLH Norwegian Cruise Line Holdings Ltd. compare	2.6×
CCL Carnival Corporation compare	2.8×
RCL Royal Caribbean Cruises Ltd.	7.2×
ABNB Airbnb, Inc. compare	10.8×
EXPE Expedia Group, Inc. compare	11.2×
VIK Viking Holdings Ltd. compare	23.4×
Travel Services industry median	2.7×
Consumer Cyclical sector median	1.7×
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 →

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

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

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P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on RCL

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