Royal Caribbean GroupRCL -3.52%84 ROC (Joel Greenblatt) % is 13.78% as of Mar. 2026, which is 45% above its 10-year median of 9.50. GuruFocus rates RCL with a GF Score™ of 84/100 and a GF Value™ of $248.13 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 847 Travel & Leisure companies, Royal Caribbean Group ranks better than 61.98% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Royal Caribbean Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 13.78%.
The historical rank and industry rank for Royal Caribbean Group's ROC (Joel Greenblatt) % or its related term are showing as below:
RCL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -18.96 Med: 9.5 Max: 16.23
Current: 16.23
During the past 13 years, Royal Caribbean Group's highest ROC (Joel Greenblatt) % was 16.23%. The lowest was -18.96%. And the median was 9.50%.
RCL's ROC (Joel Greenblatt) % is ranked better than 61.98% of 847
companies
in the Travel & Leisure industry
Industry Median: 9.92
vs RCL: 16.23
Royal Caribbean Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Royal Caribbean Group (NYSE:RCL) ROC (Joel Greenblatt) % Explanation
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
Royal Caribbean Group ROC (Joel Greenblatt) % Related Terms
Royal Caribbean Group ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Royal Caribbean Group's ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % Chart
RCL vs ABNB, VIK, CCL: ROC (Joel Greenblatt) % Comparison
For the Travel Services subindustry, Royal Caribbean Group's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Royal Caribbean Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Royal Caribbean Group's ROC (Joel Greenblatt) % falls into.
Royal Caribbean Group ROC (Joel Greenblatt) % Calculation
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.
* 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.
What does a ROC (Joel Greenblatt) % of 13.78% mean?
Royal Caribbean Group (RCL) has a ROC (Joel Greenblatt) % of 13.78% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Royal Caribbean Group and its competitors. This is 45% above median its historical median of 9.50. According to the industry distribution chart, Royal Caribbean Group ranks #322 out of 847 companies in the Travel & Leisure industry, placing it in the top 38%.
Is Royal Caribbean Group's ROC (Joel Greenblatt) % too high?
Royal Caribbean Group's current ROC (Joel Greenblatt) % of 13.78% is 45% above median its 10-year median of 9.50. The Travel & Leisure industry median ROC (Joel Greenblatt) % is 9.92. Royal Caribbean Group's value of 13.78% is 38.9% above this industry median. Based on the distribution chart, Royal Caribbean Group ranks #322 out of 847 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Royal Caribbean Group has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Royal Caribbean Group's ROC (Joel Greenblatt) % compare to ABNB and VIK?
According to the Travel & Leisure industry distribution chart, Royal Caribbean Group ranks #322 out of 847 companies for ROC (Joel Greenblatt) %. This puts Royal Caribbean Group in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 9.92. Royal Caribbean Group's value of 13.78% is 38.9% above this benchmark. While the company's 10-year median is 9.50 vs. the industry median of 9.92, 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 ROC (Joel Greenblatt) % for a Travel & Leisure company?
The median ROC (Joel Greenblatt) % among Travel & Leisure companies is 9.92, based on 847 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Royal Caribbean Group's current ROC (Joel Greenblatt) % of 13.78% is 38.9% 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 ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Royal Caribbean Group and its competitors. For the Travel & Leisure industry, the median ROC (Joel Greenblatt) % is 9.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Royal Caribbean Group's current ROC (Joel Greenblatt) % is 13.78%, which is 45% above median its own 10-year median of 9.50. 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 (RCL) is currently considered Modestly Overvalued. The stock's GF Value™ is $248.13, compared to a current price of $285.86 — trading 15.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 13.78%, which is 45% above median its 10-year median of 9.50 and 38.9% above the Travel & Leisure industry median of 9.92. Royal Caribbean Group's overall GF Score™ is 84/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Royal Caribbean Group (RCL), the current ROC (Joel Greenblatt) % is 13.78% 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 (RCL) Overvalued in 2026?
Based on GuruFocus' analysis, Royal Caribbean Group stock appears to be overvalued.
The current stock price of $285.86 is trading 15.2% above its estimated GF Value™ of $248.13.
GuruFocus considers Royal Caribbean Group to be Modestly Overvalued.
Key valuation signals for RCL:
ROC (Joel Greenblatt) %: 13.78% (45% above median its 10-year median of 9.50)
GF Value™: $248.13 vs. price of $285.86 (15.2% above fair value)
Industry Position: 38.9% above the Travel & Leisure median (#322 of 847)
No single metric tells the full story. See the 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.
84GF Score
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