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Royal Caribbean GroupMEX:RCL -4.15%75 Debt-to-EBITDA is 3.18 as of Mar. 2026, which is 5% below its 10-year median of 3.34. GuruFocus rates MEX:RCL with a GF Score™ of 75/100 and a GF Value™ of MXN4,344.03 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 649 Travel & Leisure companies, Royal Caribbean Group ranks worse than 55.32% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Royal Caribbean Group's Debt-to-EBITDA or its related term are showing as below:
MEX:RCL'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -8.11 Med: 3.34 Max: 39.02
Current: 2.94
During the past 13 years, the highest Debt-to-EBITDA Ratio of Royal Caribbean Group was 39.02. The lowest was -8.11. And the median was 3.34.
MEX:RCL's Debt-to-EBITDA is ranked worse than 55.32% of 649
companies
in the Travel & Leisure industry
Industry Median: 2.53
vs MEX:RCL: 2.94
Royal Caribbean Group (MEX:RCL) Debt-to-EBITDA Explanation
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Royal Caribbean Group Debt-to-EBITDA Related Terms
Royal Caribbean Group Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Royal Caribbean Group's Debt-to-EBITDA 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.
MEX:RCL vs ABNB, VIK, CCL: Debt-to-EBITDA Comparison
For the Travel Services subindustry, Royal Caribbean Group's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Royal Caribbean Group's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Royal Caribbean Group's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
Royal Caribbean Group (MEX:RCL) has a Debt-to-EBITDA of 3.18 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Royal Caribbean Group. This is near median its historical median of 3.34. According to the industry distribution chart, Royal Caribbean Group ranks #359 out of 649 companies in the Travel & Leisure industry, placing it in the top 55.3%.
Is Royal Caribbean Group's Debt-to-EBITDA too high?
Royal Caribbean Group's current Debt-to-EBITDA of 3.18 is near median its 10-year median of 3.34. The Travel & Leisure industry median Debt-to-EBITDA is 2.53. Royal Caribbean Group's value of 3.18 is 25.7% above this industry median. Based on the distribution chart, Royal Caribbean Group ranks #359 out of 649 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Royal Caribbean Group has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Royal Caribbean Group's Debt-to-EBITDA compare to ABNB and VIK?
According to the Travel & Leisure industry distribution chart, Royal Caribbean Group ranks #359 out of 649 companies for Debt-to-EBITDA. This places Royal Caribbean Group in the lower half of its industry. The industry median Debt-to-EBITDA is 2.53. Royal Caribbean Group's value of 3.18 is 25.7% above this benchmark. While the company's 10-year median is 3.34 vs. the industry median of 2.53, Royal Caribbean Group has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Travel & Leisure company?
The median Debt-to-EBITDA among Travel & Leisure companies is 2.53, based on 649 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Royal Caribbean Group's current Debt-to-EBITDA of 3.18 is 25.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Royal Caribbean Group. For the Travel & Leisure industry, the median Debt-to-EBITDA is 2.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Royal Caribbean Group's current Debt-to-EBITDA is 3.18, which is near median its own 10-year median of 3.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Royal Caribbean Group stock overvalued right now?
Based on GuruFocus' analysis, Royal Caribbean Group (MEX:RCL) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN4,344.03, compared to a current price of MXN4,961.01 — trading 14.2% above its estimated fair value. The current Debt-to-EBITDA is 3.18, which is near median its 10-year median of 3.34 and 25.7% above the Travel & Leisure industry median of 2.53. Royal Caribbean Group's overall GF Score™ is 75/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Royal Caribbean Group (MEX:RCL), the current Debt-to-EBITDA is 3.18 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Royal Caribbean Group (MEX:RCL) Overvalued in 2026?
Based on GuruFocus' analysis, Royal Caribbean Group stock appears to be overvalued.
The current stock price of MXN4,961.01 is trading 14.2% above its estimated GF Value™ of MXN4,344.03.
GuruFocus considers Royal Caribbean Group to be Modestly Overvalued.
Key valuation signals for MEX:RCL:
Debt-to-EBITDA: 3.18 (near median its 10-year median of 3.34)
GF Value™: MXN4,344.03 vs. price of MXN4,961.01 (14.2% above fair value)
Industry Position: 25.7% above the Travel & Leisure median (#359 of 649)
No single metric tells the full story. See the MEX:RCL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Royal Caribbean is the world's second-largest cruise company by revenues, operating 69 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, plans to launch its new Celebrity River Cruise brand in 2027, and is set to operate eight private destination locations by 2028.
75GF Score
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Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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