Royal Caribbean Group (HAM:RC8) E10: €1.06 (As of Jun. 2026)

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HAM:RC8 Royal Caribbean Group HAM:RC8
86 GF Score
Price €215.40
GF Value €237.37
! 7 Warning Signs
View Full Analysis

What is Royal Caribbean Group E10?

Royal Caribbean Group HAM:RC8 -1.91% 86 E10 is €1.06 as of Jun. 2026. GuruFocus rates HAM:RC8 with a GF Score™ of 86/100 and a GF Value™ of €237.37. The stock has 7 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Royal Caribbean Group's adjusted earnings per share data for the three months ended in Jun. 2026 was €3.620. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.06 for the trailing ten years ended in Jun. 2026.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Royal Caribbean Group was 20.00% per year. The lowest was -17.90% per year. And the median was 4.10% per year.

As of today (2026-09-17), Royal Caribbean Group's current stock price is €215.40. Royal Caribbean Group's E10 for the quarter that ended in Jun. 2026 was €1.06. Royal Caribbean Group's Shiller PE Ratio of today is 203.59.

During the past 13 years, the highest Shiller PE Ratio of Royal Caribbean Group was 811.41. The lowest was 5.03. And the median was 34.30.


Royal Caribbean Group  (HAM:RC8) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Royal Caribbean Group's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=215.40/1.058
=203.59

* 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.

During the past 13 years, the highest Shiller P/E Ratio of Royal Caribbean Group was 811.41. The lowest was 5.03. And the median was 34.30.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Royal Caribbean Group E10 Related Terms


Royal Caribbean Group E10 Historical Data

* Premium members only.

The historical data trend for Royal Caribbean Group's E10 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.

Royal Caribbean Group E10 Chart

Royal Caribbean Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.43 -1.27 -0.97 -0.34 0.67

Royal Caribbean Group Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
E10 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 0.08 0.45 0.57 0.82 1.06

HAM:RC8 vs EXPE, VIK, ABNB: E10 Comparison

For the Travel Services subindustry, Royal Caribbean Group's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Travel & Leisure Industry

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

* The bar in red indicates where Royal Caribbean Group's Shiller PE Ratio falls into.


HAM:RC8
86GF Score
Royal Caribbean Group HAM:RC8
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Royal Caribbean Group E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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.

For example, Royal Caribbean Group's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=3.62/333.9520*333.9520
=3.620

Current CPI (Jun. 2026) = 333.9520.

Royal Caribbean Group Quarterly Data

per share eps CPI Adj_EPS
201609 2.876 241.428 3.979
201612 1.122 241.432 1.552
201703 0.929 243.801 1.272
201706 1.554 244.955 2.118
201709 2.974 246.819 4.023
201712 1.138 246.524 1.542
201803 0.830 249.554 1.111
201806 1.838 251.989 2.436
201809 3.319 252.439 4.390
201812 1.315 251.233 1.747
201903 1.048 254.202 1.376
201906 2.003 256.143 2.612
201909 3.781 256.759 4.917
201912 1.176 256.974 1.528
202003 -6.271 258.115 -8.113
202006 -7.109 257.797 -9.210
202009 -5.384 260.280 -6.907
202012 -5.105 260.474 -6.545
202103 -3.867 264.877 -4.875
202106 -4.393 271.696 -5.400
202109 -4.744 274.310 -5.776
202112 -4.659 278.802 -5.581
202203 -4.083 287.504 -4.742
202206 -1.920 296.311 -2.163
202209 0.128 296.808 0.144
202212 -1.923 296.797 -2.164
202303 -0.175 301.836 -0.193
202306 1.565 305.109 1.713
202309 3.357 307.789 3.642
202312 0.924 306.746 1.005
202403 1.180 312.332 1.262
202406 2.823 314.175 3.001
202409 3.831 315.301 4.057
202412 1.889 315.605 1.998
202503 2.565 319.799 2.678
202506 3.885 322.561 4.022
202509 4.919 324.800 5.057
202512 2.373 324.054 2.445
202603 2.968 330.213 3.002
202606 3.620 333.952 3.620

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of €1.06 mean?
Royal Caribbean Group (HAM:RC8) has a E10 of €1.06 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Royal Caribbean Group and its competitors.
Is Royal Caribbean Group's E10 too high?
Royal Caribbean Group's current E10 is €1.06. Overall, Royal Caribbean Group has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does Royal Caribbean Group's E10 compare to EXPE and VIK?
Royal Caribbean Group's E10 of €1.06 can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Travel & Leisure company?
A good E10 depends on the Travel & Leisure industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Royal Caribbean Group and its competitors. Royal Caribbean Group's current E10 is €1.06. 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?
Royal Caribbean Group (HAM:RC8) has a current E10 of €1.06. The stock's GF Value™ is €237.37, compared to a current price of €215.40 — trading 9.3% below its estimated fair value. The current E10 is €1.06. Royal Caribbean Group's overall GF Score™ is 86/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Royal Caribbean Group (HAM:RC8), the current E10 is €1.06 as of Jun. 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 (HAM:RC8) Overvalued in 2026?

Based on GuruFocus' analysis, Royal Caribbean Group stock appears to be undervalued. The current stock price of €215.40 is trading 9.3% below its estimated GF Value™ of €237.37.

Key valuation signals for HAM:RC8:

  • E10: €1.06
  • GF Value™: €237.37 vs. price of €215.40 (9.3% below fair value)
  • GF Score™: 86/100 with 7 warning signs

No single metric tells the full story. See the HAM:RC8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


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 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.
86GF Score

Get the complete analysis for HAM:RC8

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€215.40
Price
€237.37
GF Value