Royal Caribbean Cruises Ltd. (R1CL34) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Royal Caribbean Cruises Ltd. BRL 41.40, price BRL 51.95, upside -20.3%, quality 55 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Royal Caribbean Cruises Ltd. for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 29, 2026.
How to read this chart
60‑month range R$4.14 – R$721.46 · fair‑value band R$13.04 – R$55.35 · the R$51.95 price screens above the R$41.40 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 29, 2026.
Follow Royal Caribbean Cruises in your weekly email
Every Wednesday you see whether Royal Caribbean Cruises is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of December 31, 2025, it operated 69 ships. Royal Caribbean Cruises Ltd.
Show more
Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of December 31, 2025, it operated 69 ships. Royal Caribbean Cruises Ltd. was founded in 1968 and is headquartered in Miami, Florida.
Stock analysis
Royal Caribbean Cruises Ltd. (R1CL34) currently trades at R$51.95, while our model-based Fair Value estimate is R$41.40, 20.3% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of R$140.20 per share, and 9 of the 26 models we run sit above the R$51.95 price.
Bear case: the Asset-Based group reads lowest at R$4.75, and 17 of the 26 models stay below the price. Evidence for this calculation is medium.
Scenario range: R$13.04 (bear) to R$55.35 (bull), the price of R$51.95 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 55/100 (solid quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Royal Caribbean Cruises Ltd. reported revenue of $17.9B in FY2025 versus $1.5B in FY2021, a compound +85.0%/yr. Reported net income was $4.3B in FY2025.
Key figures
Market cap R$394B (≈ $75.5B) · P/E ratio 17.3 · P/S ratio 4.12 · EPS (TTM) R$42.47 · Dividend yield 0.6% · Net margin 23.8% · Return on equity 49.6% · Return on assets (EBIT) 3.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and 36% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 10% fair-value upside, at −20%, R1CL34 screens richer than that median.
Fair Value models
Bear R$13.04Fair Value R$41.40Bull R$55.35
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (R$28.90 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+8.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+26.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+52.0%
Start year 2020 (pandemic)
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.5%
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
≈ +12.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+11.9%
Dividend (yield on the price)0.6%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−137% → 27%
⚠ Approximate: the rate leans on 2025, which sits 82% above its own trend.
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+19.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+6.9%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +16.4% a year for the price and +4.5% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (94 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
Compare Royal Caribbean Cruises Ltd. with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Travel Services · 84 stocks
Beats the industry median on 7/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside−22.2% · Below median
Profitability
Return on equity (TTM)49.6% · Top 25%
Return on assets8.1% · Top 25%
Net margin (TTM)24.4% · Top 25%
Operating margin (TTM)26.2% · Top 25%
Growth and dividend
Revenue growth11.3% · Above median
Dividend yield (TTM)0.6% · Bottom 25%
Balance sheet
Debt / equity1.81× · Highest 25%
Valuation Multiplesvs Travel Services median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Royal Caribbean Cruises Ltd. (R1CL34) overvalued or undervalued?
As of Sep 29, 2026, our model estimates a fair value of R$41.40 versus a price of R$51.95, about −20% upside (overvalued).
What is the fair value of R1CL34?
Our model-based fair value for Royal Caribbean Cruises Ltd. is R$41.40 (as of Sep 29, 2026), built from audited fundamentals. The current price: R$51.95.
What is the quality score of R1CL34?
Royal Caribbean Cruises Ltd. has a Quality Score of 55/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Royal Caribbean Cruises Ltd. (R1CL34)?
Our model-based price target is the fair value of R$41.40 (as of Sep 29, 2026) from 26 valuation models. Cautious scenario R$13.04, optimistic scenario R$55.35. It is a calculation from audited fundamentals, not an analyst target.
What is the Royal Caribbean Cruises Ltd. stock forecast for 2026?
Our models put fair value at R$41.40, about −20% upside versus a price of R$51.95 (overvalued). Cautious scenario R$13.04, optimistic scenario R$55.35. The calculation is refreshed regularly with new filings.
What is the revenue of Royal Caribbean Cruises Ltd. (R1CL34)?
Royal Caribbean Cruises Ltd. reported trailing-twelve-month revenue of about $18.4B (latest available figure, as of Sep 29, 2026).
Does Royal Caribbean Cruises Ltd. pay a dividend?
Royal Caribbean Cruises Ltd. currently shows a dividend yield of about 0.56% relative to its recent price (as of Sep 29, 2026).
What growth is priced into Royal Caribbean Cruises Ltd. (R1CL34)?
For today's price to be fair in a discounted-cash-flow model, Royal Caribbean Cruises Ltd. would have to grow free cash flow by +19.1 % per year for five years (discount rate 14.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +52.0 % per year. As of Sep 29, 2026.
What discount rate (WACC) does the fair value of R1CL34 use?
Our models discount Royal Caribbean Cruises Ltd. at 14.6 %: a base by market capitalisation (large), damped by beta 1.76, country premium for Brazil. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Royal Caribbean Cruises Ltd. that is +19.1 % per year a year over ten years, using the same discount rate (14.6 %) and the same formula as our fair value.
How much growth has Royal Caribbean Cruises Ltd. (R1CL34) delivered so far?
Over the past 5 years revenue at Royal Caribbean Cruises Ltd. grew +52.0 % a year. The price currently implies +19.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Royal Caribbean Cruises Ltd. (R1CL34) growing?
The median revenue growth in the sector is +3.8 % a year. That is the yardstick for the growth priced into Royal Caribbean Cruises Ltd. (+19.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Royal Caribbean Cruises Ltd. (R1CL34)?
The free-cash-flow yield on the price is 45.95 %: that much free cash flow Royal Caribbean Cruises Ltd. produces per unit of market value. When it exceeds the discount rate of our models (14.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Royal Caribbean Cruises Ltd. (R1CL34)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Royal Caribbean Cruises Ltd. it is R$41.40 per share (as of Sep 29, 2026), against a price of R$51.95. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Royal Caribbean Cruises Ltd. stock overvalued or undervalued in 2026?
As of Sep 29, 2026, R1CL34 trades above its calculated fair value: price R$51.95, fair value R$41.40, a gap of about −20% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of R1CL34?
No. The price is what the market pays today (R$51.95); the fair value is what the company's own numbers justify (R$41.40). For Royal Caribbean Cruises Ltd. the two are R$10.55 per share apart. That gap is exactly why we show both numbers side by side.
How much is Royal Caribbean Cruises Ltd. worth?
The market values Royal Caribbean Cruises Ltd. at about R$394B (market capitalisation, as of Sep 29, 2026). Per share that is R$51.95; our models calculate a fair value of R$41.40 per share.
What do the bullish and bearish scenarios say about R1CL34?
Our models span a range for Royal Caribbean Cruises Ltd.: cautious scenario R$13.04, base R$41.40, optimistic R$55.35 per share (as of Sep 29, 2026, price R$51.95). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of R1CL34?
Royal Caribbean Cruises Ltd. trades at a price-to-earnings ratio of 17.3 (as of Sep 29, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of R$41.40 is built from several models across several years. Other multiples: PEG 1.3.
What is the PEG ratio of R1CL34?
The PEG ratio of Royal Caribbean Cruises Ltd. is 1.34 (P/E divided by earnings growth, as of Sep 29, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Royal Caribbean Cruises Ltd. (R1CL34)?
Balance-sheet figures for Royal Caribbean Cruises Ltd. (as of Sep 29, 2026): return on equity 49.6%, debt of 1.81 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is R1CL34 from its 52-week high?
Royal Caribbean Cruises Ltd. trades at R$51.95, about 15% below its 52-week high of R$61.44 and 36% above the low of R$38.26 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of R$41.40 is for.
Which stocks are comparable to Royal Caribbean Cruises Ltd.?
From the same area (Consumer Cyclical) we also value Booking Holdings, Airbnb, Inc, Viking Holdings, Expedia Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Royal Caribbean Cruises Ltd. stock attractive at the current price?
The data as of Sep 29, 2026: price R$51.95, calculated fair value R$41.40 (−20%), Quality Score 55/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of R1CL34 calculated?
We run Royal Caribbean Cruises Ltd. through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of R$41.40, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Royal Caribbean Cruises Ltd. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Royal Caribbean Cruises Ltd. (R1CL34)?
The closing price on Oct 2, 2026 was R$51.95. Our model-based fair value is R$41.40, about −20% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Royal Caribbean Cruises Ltd. right now?
The model range is unusually wide (R$13.04 to R$55.35). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Royal Caribbean Cruises Ltd.
How large is the market capitalisation of Royal Caribbean Cruises Ltd. (R1CL34)?
The market capitalisation of Royal Caribbean Cruises Ltd. is R$394B (≈ $75.5B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Royal Caribbean Cruises Ltd. (R1CL34)?
The price-to-sales ratio of Royal Caribbean Cruises Ltd. is 4.12 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Royal Caribbean Cruises Ltd. (R1CL34)?
Earnings per share at Royal Caribbean Cruises Ltd. are R$42.47 (price ÷ EPS = P/E 17.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Royal Caribbean Cruises Ltd. (R1CL34)?
The dividend yield of Royal Caribbean Cruises Ltd. is 0.6% (payout 0.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Royal Caribbean Cruises Ltd. (R1CL34)?
The net margin of Royal Caribbean Cruises Ltd. is 23.8% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Royal Caribbean Cruises Ltd. (R1CL34)?
The return on equity (ROE) of Royal Caribbean Cruises Ltd. is 49.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Royal Caribbean Cruises Ltd. (R1CL34)?
On an EBIT basis the return on assets of Royal Caribbean Cruises Ltd. is 3.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Royal Caribbean Cruises Ltd. (R1CL34)?
The operating margin of Royal Caribbean Cruises Ltd. is 26.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Royal Caribbean Cruises Ltd. (R1CL34)?
Revenue at Royal Caribbean Cruises Ltd. is growing +11.3% versus a year earlier (3y avg +26.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Royal Caribbean Cruises Ltd. (R1CL34)?
Earnings per share at Royal Caribbean Cruises Ltd. are growing +28.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Royal Caribbean Cruises Ltd. (R1CL34) carry?
The net debt of Royal Caribbean Cruises Ltd. is $20.5B (fiscal year 2025, ≈ 16.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Royal Caribbean Cruises Ltd. in the live analysis
One click puts Royal Caribbean Cruises Ltd. on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
