Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 18.02 as of Sunday, August 9, 2026.
Forward PE Ratio (18.02) = Close Price ($320.00) / Consensus Forward EPS ($17.76)
FORWARD PE RATIO
18.02
SECTOR MEDIAN · CONSUMER CYCLICAL
21.24
median of 75 covered companies
CURRENT VS SECTOR MEDIAN
-15.16%
vs the sector median at left
Royal Caribbean Cruises Ltd.
Market Cap
$85.82B
Forward PE Ratio
18.02
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Royal Caribbean Cruises Ltd. (RCL) | $85.82B | 18.02 |
| Ross Stores, Inc. (ROST)vs › | $81.87B | 39.13 |
| Marriott International, Inc. (MAR)vs › | $92.29B | 30.30 |
| MercadoLibre, Inc. (MELI)vs › | $92.30B | 47.32 |
| General Motors Company (GM)vs › | $79.21B | N/A |
| Carvana Co. (CVNA)vs › | $77.71B | 43.93 |
| O'Reilly Automotive, Inc. (ORLY)vs › | $77.51B | 28.51 |
| Ferrari N.V. (RACE)vs › | $72.52B | 41.83 |
| Hilton Worldwide Holdings Inc. (HLT)vs › | $71.48B | 35.15 |
| Sea Limited (SE)vs › | $68.10B | 32.53 |
Trailing P/E
19.8
reported TTM EPS
Forward P/E
18.0
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $17.76 implies +9.8% EPS growth vs the reported trailing $16.18.
At today's $320.00 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $17.76 | $17.17 – $17.92 | 15 | 18.0x |
| 2027-12-31 | $20.31 | $19.25 – $21.07 | 16 | 15.8x |
| 2028-12-31 | $23.27 | $21.82 – $25.32 | 5 | 13.7x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
