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RCL (Royal Caribbean Group) Cyclically Adjusted PB Ratio : 7.12 (As of Jun. 28, 2025)


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What is Royal Caribbean Group Cyclically Adjusted PB Ratio?

As of today (2025-06-28), Royal Caribbean Group's current share price is $309.51. Royal Caribbean Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $43.46. Royal Caribbean Group's Cyclically Adjusted PB Ratio for today is 7.12.

The historical rank and industry rank for Royal Caribbean Group's Cyclically Adjusted PB Ratio or its related term are showing as below:

RCL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.52   Med: 2.34   Max: 7.12
Current: 7.12

During the past years, Royal Caribbean Group's highest Cyclically Adjusted PB Ratio was 7.12. The lowest was 0.52. And the median was 2.34.

RCL's Cyclically Adjusted PB Ratio is ranked worse than
90.57% of 636 companies
in the Travel & Leisure industry
Industry Median: 1.34 vs RCL: 7.12

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Royal Caribbean Group's adjusted book value per share data for the three months ended in Mar. 2025 was $29.313. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $43.46 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Royal Caribbean Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Royal Caribbean Group's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Royal Caribbean Group Cyclically Adjusted PB Ratio Chart

Royal Caribbean Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.62 1.62 1.05 2.89 5.32

Royal Caribbean Group Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.10 3.59 4.04 5.32 4.73

Competitive Comparison of Royal Caribbean Group's Cyclically Adjusted PB Ratio

For the Travel Services subindustry, Royal Caribbean Group's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Royal Caribbean Group's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Royal Caribbean Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Royal Caribbean Group's Cyclically Adjusted PB Ratio falls into.


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Royal Caribbean Group Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Royal Caribbean Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=309.51/43.46
=7.12

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Royal Caribbean Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Royal Caribbean Group's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=29.313/134.9266*134.9266
=29.313

Current CPI (Mar. 2025) = 134.9266.

Royal Caribbean Group Quarterly Data

Book Value per Share CPI Adj_Book
201506 37.832 100.684 50.699
201509 37.529 100.392 50.439
201512 36.988 99.792 50.010
201603 36.544 100.470 49.077
201606 37.842 101.688 50.211
201609 40.966 101.861 54.264
201612 42.505 101.863 56.302
201703 43.090 102.862 56.522
201706 45.019 103.349 58.774
201709 48.747 104.136 63.161
201712 50.166 104.011 65.077
201803 50.285 105.290 64.439
201806 51.185 106.317 64.959
201809 54.255 106.507 68.732
201812 53.132 105.998 67.633
201903 53.777 107.251 67.654
201906 55.071 108.070 68.757
201909 57.140 108.329 71.169
201912 58.256 108.420 72.498
202003 48.870 108.902 60.549
202006 42.810 108.767 53.106
202009 38.791 109.815 47.661
202012 36.903 109.897 45.308
202103 36.036 111.754 43.508
202106 30.955 114.631 36.436
202109 25.384 115.734 29.593
202112 19.957 117.630 22.892
202203 15.646 121.301 17.403
202206 13.323 125.017 14.379
202209 12.561 125.227 13.534
202212 11.240 125.222 12.111
202303 11.151 127.348 11.815
202306 13.131 128.729 13.763
202309 17.261 129.860 17.935
202312 18.423 129.419 19.207
202403 20.016 131.776 20.495
202406 23.342 132.554 23.760
202409 26.202 133.029 26.576
202412 28.126 133.157 28.500
202503 29.313 134.927 29.313

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Royal Caribbean Group  (NYSE:RCL) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Royal Caribbean Group Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Royal Caribbean Group's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Royal Caribbean Group Business Description

Address
1050 Caribbean Way, Miami, FL, USA, 33132
Royal Caribbean is the world's second-largest cruise company by revenues, operating 67 ships across five global and partner brands in the cruise vacation industry. Brands the company operates include Royal Caribbean International, Celebrity Cruises, and Silversea. The company also has a 50% investment in a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. The selection of brands in the portfolio allows Royal to compete on the basis of innovation, quality of ships and service, variety of itineraries, choice of destinations, and price. The company completed the divestiture of its Azamara brand in 2021 and plans to launch its new Celebrity River Cruise brand in 2027.
Executives
Richard D Fain director, officer: Chairman and CEO ROYAL CARIBBEAN CRUISES LTD, 1050 CARIBBEAN WAY, MIAMI FL 33132
Maritza Gomez Montiel director C/O APTARGROUP, INC., 265 EXCHANGE DRIVE, SUITE 100, CRYSTAL LAKE IL 60014
Naftali Holtz officer: Chief Financial Officer 1050 CARIBBEAN WAY, MIAMI FL 33132
Jason T Liberty officer: President and CEO GATE NO 4, PLANT 10 / 11 GODREJ & BOYCE, PIROJSHANAGAR, LBS MARG, VIKHROLI (WEST), MUMBAI, MAHARASHTRA K7 400079
Laura H Bethge officer: President, Celebrity Cruises 1050 CARIBBEAN WAY, MIAMI FL 33132
Michael W Bayley officer: EVP, International ROYAL CARIBBEAN CRUISES LTD., 1050 CARIBBEAN WAY, MIAMI FL 33132
Arne Alexander Wilhelmsen director ANDERS WILHELMSEN & CO. AS, BEDDINGEN 8, AKER BRYGGE, OSLO Q8 NO-0118
Harri U Kulovaara officer: EVP, Maritime ROYAL CARIBBEAN CRUISES LTD., 1050 CARIBBEAN WAY, MIAMI FL 33132
Henry L Pujol officer: Vice President, Controller ROYAL CARIBBEAN CRUISES LTD., 1050 CARIBBEAN WAY, MIAMI FL 33132
Vagn O Sorensen director ROYAL CARIBBEAN CRUISES LTD., 1050 CARIBBEAN WAY, MIAMI FL 33132
Robert Alexander Lake officer: SVP, CLO, Secretary & CCO C/O WORLD FUEL SERVICES CORPORATION, 9800 N.W. 41ST STREET, MIAMI FL 33178
Rebecca Yeung director 205 CROSSPOINT PARKWAY, GETZVILLE NY 14068
Lisa Lutoff-perlo officer: EVP, Operations, RCI 1050 CARIBBEAN WAY, MIAMI FL 33132
Michael O Leavitt director LEAVITT PARTNERS LLC, 299 SOUTH MAIN STREET STE 2300, SALT LAKE CITY X1 84111
Bradley H Stein officer: SVP, GC & Chief Compliance Off 1050 CARIBBEAN WAY, MIAMI FL 33132