Royal Caribbean Group (RCL) valuation
Royal Caribbean Group P/E ratio history
Royal Caribbean Group trades at 18.2 times its earnings over the last twelve months and 15.5 times the earnings analysts expect over the next twelve. At its last 7 fiscal year ends its P/E ranged from 11.4 (year to Dec 2018) to 21.1 (year to Dec 2024), with a median of 15.8.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Dec 31, 2025 | $278.92 | $15.61 | 17.9 | 16.2 |
| Dec 31, 2024 | $230.69 | $10.94 | 21.1 | 16.8 |
| Dec 31, 2023 | $129.49 | $6.31 | 20.5 | 15.6 |
| Dec 31, 2022 | $49.43 | -$8.45 | n/m | — |
| Dec 31, 2021 | $76.90 | -$20.89 | n/m | — |
| Dec 31, 2020 | $74.69 | -$27.12 | n/m | — |
| Dec 31, 2019 | $133.51 | $8.94 | 14.9 | — |
| Dec 31, 2018 | $97.79 | $8.57 | 11.4 | — |
| Dec 31, 2017 | $119.28 | $7.53 | 15.8 | — |
| Dec 31, 2016 | $82.04 | $5.94 | 13.8 | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
Royal Caribbean Group valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| Royal Caribbean GroupRCL | $82.2B | 18.2 | 15.5 | 4.3 |
| Hilton WorldwideHLT | $80.3B | 48.2 | 35.3 | 6.3 |
| Marriott InternationalMAR | $105B | 41.3 | 32.1 | 3.9 |
| CarnivalCCL | $39.5B | 12.5 | 11.6 | 1.4 |
| Expedia GroupEXPE | $34.3B | 17.9 | 12.5 | 2.2 |
| Norwegian Cruise Line HoldingsNCLH | $8.07B | 9.5 | 11.6 | 0.8 |
| Peer median | 17.9 | 12.5 | 2.2 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: RCL financials · RCL returns
No forecast, no recommendation. This page describes Royal Caribbean Group from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.