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Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
Royal Caribbean Group's Sloan Ratio for the quarter that ended in Mar. 2026 was 7.05%.
As of Mar. 2026, Royal Caribbean Group has a Sloan Ratio of 7.05%, indicating the company is in the safe zone and there is no funny business with accruals.
Royal Caribbean Group (MEX:RCL) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Mar. 2026, Royal Caribbean Group has a Sloan Ratio of 7.05%, indicating the company is in the safe zone and there is no funny business with accruals.
Royal Caribbean Group Sloan Ratio % Related Terms
Royal Caribbean Group Sloan Ratio % Historical Data
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The historical data trend for Royal Caribbean Group's Sloan 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.
MEX:RCL vs ABNB, VIK, CCL: Sloan Ratio % Comparison
For the Travel Services subindustry, Royal Caribbean Group's Sloan Ratio %, along with its competitors' market caps and Sloan 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 Sloan Ratio % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Royal Caribbean Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Royal Caribbean Group's Sloan Ratio % falls into.
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
Royal Caribbean Group's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Royal Caribbean Group's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 22783.332 (Jun. 2025 ) + 28892.115 (Sep. 2025 ) + 13576.298 (Dec. 2025 ) + 16968.771 (Mar. 2026 ) = MXN82,221 Mil.
Royal Caribbean Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 32875.783 (Jun. 2025 ) + 26947.63 (Sep. 2025 ) + 29223.251 (Dec. 2025 ) + 33071.972 (Mar. 2026 ) = MXN122,119 Mil.
Royal Caribbean Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -13293.415 (Jun. 2025 ) + -43787.605 (Sep. 2025 ) + -26630.43 (Dec. 2025 ) + -9539.298 (Mar. 2026 ) = MXN-93,251 Mil.
* 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 (MEX:RCL) has a Sloan Ratio % of 7.05% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Royal Caribbean Group and its competitors.
Is Royal Caribbean Group's Sloan Ratio % too high?
Royal Caribbean Group's current Sloan Ratio % is 7.05%. 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 Sloan Ratio % compare to ABNB and VIK?
Royal Caribbean Group's Sloan Ratio % of 7.05% 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 Sloan Ratio % for a Travel & Leisure company?
A good Sloan Ratio % depends on the Travel & Leisure industry context. However, Sloan Ratio % 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 Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Royal Caribbean Group and its competitors. Royal Caribbean Group's current Sloan Ratio % is 7.05%. 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 MXN4,208.59, compared to a current price of MXN4,961.01 — trading 17.9% above its estimated fair value. The current Sloan Ratio % is 7.05%. 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 Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Royal Caribbean Group (MEX:RCL), the current Sloan Ratio % is 7.05% 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 17.9% above its estimated GF Value™ of MXN4,208.59.
GuruFocus considers Royal Caribbean Group to be Modestly Overvalued.
Key valuation signals for MEX:RCL:
Sloan Ratio %: 7.05%
GF Value™: MXN4,208.59 vs. price of MXN4,961.01 (17.9% above fair value)
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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