RCL

NYSE

ROYAL CARIBBEAN CRUISES LTD

Consumer Discretionary, Hotels, Resorts & Cruise Lines

$320.00

close 7 Aug 2026

+5.66%

52-week change

$85.82B

market cap

$232.10

$366.50

52-week range

Expected price

$293.85 – $359.15

Current price

$320.00

Signal

Appears fairly valued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)19.52x

P/S (TTM)4.67x

P/B8.75x

EV/EBITDA (TTM)15.44x

FCF yield (TTM)1.60%

PEG (TTM, GAAP)—

Context

P/E, own 5-year average22.13x

P/E, sector median22.78x*

Price at 5-year median P/E$334.49*

Indicated dividend yield1.88%

Forward — analyst consensus

Forward P/E (FY2026)17.98x*

Forward P/E (FY2027)15.78x

Forward PEG1.29*

Consensus EPS FY2026 (26 analysts)$17.79

EPS growth (FY2026→FY2027)13.98%

Revenue growth (FY2026)9.08%

Street view

Price target (mean)$346.92*

Target upside8.41%

Ratings (buy / hold / sell)19 / 8 / 1

FY2026 EPS revisions, 30d (up / down)9 / 4

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 31 Mar 2026, filed 30 Apr 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

10Y CAGR +14.01%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$320.00

Cash & equivalents$512.00M

Total debt$21.11B

Shares outstanding268.19M

Result

DCF price per share$156.61

Current price$320.00

Margin of safety-51.06%

PV of years 1–10$18.69B

PV of terminal value$43.91B

Equity value$42.00B

Market-implied growth+20.98%

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$1.56B	$1.78B	$2.03B	$2.32B	$2.64B	$3.01B	$3.43B	$3.91B	$4.46B	$5.09B	$94.80B
PV	$1.45B	$1.53B	$1.61B	$1.70B	$1.80B	$1.90B	$2.00B	$2.11B	$2.23B	$2.36B	$43.91B

period to 31 Mar 2026, filed 30 Apr 2026, close 7 Aug 2026