Royal Caribbean Cruises Ltd.RCL

Where RCL's P/E ratio sits inside its own 10-year distribution, with the yearly high, low and average.

$255.34-4.80 (-1.85%)Previous close
NYSEConsumer Cyclical

RCL P/E ratio: current value, 10-year range and year-by-year history

15.8Above average

RCL's p/e ratio is higher than 65% of the last 10 years.

P/E ratio History

Historically priceyAbove avgAround avgBelow avgHistorically cheap
RCL P/E ratio historyRCL P/E ratio from Sep 2023 to Sep 2026: low -307.25, high 40.62, latest 15.78.-335.08-234.2-133.32-32.4468.44Sep 23Apr 24Nov 24Jul 25Feb 26Sep 26med 19.74

RCL P/E ratio by year

Yearly range of RCL’s p/e ratio from 2016 to 2026. Over the full period it ranged from -342.8 to 89.4, averaging 3.0.

RCL P/E ratio — yearly low, average, high and year-end values
YearLowAverageHighYear-end
202615.118.122.315.8
202514.821.527.517.9
202415.119.726.521.6
2023-342.8-78.840.640.5
2022-5.1-3.4-1.7-4.2
2021-4.5-3.5-2.4-3.7
2020-7.813.389.4-2.8
201910.813.115.014.9
201810.614.717.911.4
201714.116.317.616.1
201612.014.821.314.5

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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.

FormulaPrice / Earnings Per Share
Full guide
How to read this chart

The chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.

Key caveats
  • Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
  • A falling P/E trend may signal a business in structural decline, not a buying opportunity.

Is RCL P/E ratio High or Low Right Now?

Royal Caribbean Cruises Ltd.'s P/E ratio is currently 15.8, which is above average relative to its 10-year historical range. The 10-year median P/E ratio for RCL is approximately 14.4. See all RCL valuation metrics →

Pro — up to 30-year history

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