Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company owns and operates three global cruise brands: Royal Caribbean, Celebrity Cruises and Silversea Cruises (collectively, Global Brands).
The company also owns a 50% joint…
Analysis
Hope premium
Royal Caribbean Cruises Ltd. carries what we call a hope premium: an average business trading at an ambitious price. One caution: reported profits have recently run ahead of actual cash, which we track closely.
The price is expensive. You pay 81.5× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone. At today's price, the market is assuming roughly 25% yearly growth; analysts expect 13%. The market is pricing in far more than analysts expect: heroic expectations.
The trajectory is moderate and the balance sheet is adequate. The company scores 14/20 on our value-creation score: strong value creator.
What to watch: Some accounting patterns deserve a closer look. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.
360° rank · history
1007550250
Jan 20238
98
2023202420252026
All-time high
98
Jun 2026
All-time low
8
Jan 2023
Average rank
75
across all years
Detailed & Historical Ranks
Deep dive into 15 detailed ranks and 3 years of history.
Current202520242023
Price/Sales
13
12
21
34
Price/Earnings
47
51
60
3
Price/Book
30
26
24
45
Dividend Yield
85
74
1
1
Value (overall)
45
38
6
18
Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.