Basis: FMP quote price / unrounded diluted EPS from four consecutive issuer fiscal quarters. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the P/E ratio high or low?
The P/E ratio of 14.23 is 32% below its 3-year average of 20.89, near the low end of its 3-year range (14.23–40.62).
As of 2026-09-23T23:31:28.286Z. 23.29% below its 12-month average of 18.55.
Calculation as of: 2026-09-23T23:31:28.286Z.
Quote observation: 2026-09-23T20:00:02.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 024946186f58b405c24288de3e0f353613d736492733cc42c903549b43792d00
PE Ratio (14.23) = Close Price ($230.30) / Diluted TTM EPS ($16.18)
PE RATIO
14.23
PE RATIO AVG TTM
18.55
PE RATIO AVG 3Y
20.89
PE RATIO AVG 5Y
20.89
PE RATIO AVG 10Y
17.43
PE RATIO AVG 15Y
18.98
PE RATIO AVG 20Y
17.39
CURRENT VS TTM AVG
-23.29%
CURRENT VS 3Y AVG
-31.89%
CURRENT VS 5Y AVG
-31.89%
CURRENT VS 10Y AVG
-18.38%
CURRENT VS 15Y AVG
-25.04%
CURRENT VS 20Y AVG
-18.16%
SECTOR MEDIAN · CONSUMER CYCLICAL
19.68
median of 84 covered companies
CURRENT VS SECTOR MEDIAN
-27.67%
vs the sector median at left
Royal Caribbean Cruises Ltd.
Market Cap
$61.77B
PE Ratio
14.23
TTM Avg
18.55
3Y Avg
20.89
5Y Avg
20.89
Market Cap
$69.14B
PE Ratio
45.11
TTM Avg
46.19
3Y Avg
44.05
5Y Avg
112.60
| NAME | MARKET CAP | PE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Royal Caribbean Cruises Ltd. (RCL) | $61.77B | 14.23 | 18.55 | 20.89 | 20.89 |
| Sea Limited (SE)vs › | $62.01B | 39.88 | 51.35 | 290.00 | 280.02 |
| Hilton Worldwide Holdings Inc. (HLT)vs › | $69.14B | 45.11 | 46.19 | 44.05 | 112.60 |
| Carvana Co. (CVNA)vs › | $70.15B | 29.64 | 58.87 | 962.19 | 962.19 |
| NIKE, Inc. (NKE)vs › | $53.35B | 17.17 | 30.30 | 27.50 | 30.09 |
| O'Reilly Automotive, Inc. (ORLY)vs › | $71.19B | 27.36 | 31.84 | 29.67 | 26.93 |
| Ford Motor Company (F)vs › | $51.66B | N/A | 10.53 | 11.52 | 11.52 |
| Ferrari N.V. (RACE)vs › | $72.66B | 38.57 | 37.07 | 46.20 | 44.97 |
| Ross Stores, Inc. (ROST)vs › | $75.06B | 28.33 | 30.17 | 26.21 | 25.19 |
| eBay Inc. (EBAY)vs › | $48.44B | 22.59 | 21.59 | 16.60 | 19.81 |
At 14.2, P/E is below its 20-year median — higher than 29% of readings in its 20-year history.
20-year low
1.9
median
17.1
20-year high
492.8
Trailing P/E
14.2
Forward P/E
13.0
Forward P/E is calculated using analyst consensus EPS estimates for the current or next fiscal year.
Calculation:
Current Price
$230.30
Forward EPS (Est.)
$17.76
Forward P/E
12.97
Source: FMP Analyst Consensus Estimates. Forward EPS represents the average analyst estimate for the nearest fiscal year.
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
| DATE | PE RATIO |
|---|---|
| 2026-09-11 | 16.08 |
| 2026-09-10 | 16.01 |
| 2026-09-09 | 16.05 |
| 2026-09-08 | 16.35 |
| 2026-09-04 | 16.39 |
| 2026-09-03 | 16.41 |
| 2026-09-02 | 16.42 |
| 2026-09-01 | 16.42 |
| 2026-08-31 | 16.61 |
| 2026-08-28 | 17.27 |
| 2026-08-27 | 17.60 |
| 2026-08-26 | 17.92 |
| 2026-08-25 | 18.06 |
| 2026-08-24 | 18.11 |
| 2026-08-21 | 18.05 |
| 2026-08-20 | 17.78 |
| 2026-08-19 | 18.58 |
| 2026-08-18 | 18.54 |
| 2026-08-17 | 18.65 |
| 2026-08-14 | 18.85 |
| 2026-08-13 | 19.15 |
| 2026-08-12 | 19.04 |
| 2026-08-11 | 18.98 |
| 2026-08-10 | 19.04 |
| 2026-08-07 | 19.78 |
| 2026-08-06 | 19.81 |
| 2026-08-05 | 20.24 |
| 2026-08-04 | 20.13 |
| 2026-08-03 | 20.02 |
| 2026-07-31 | 19.67 |
| 2026-07-30 | 19.90 |
| 2026-07-29 | 20.00 |
| 2026-07-28 | 19.68 |
| 2026-07-27 | 18.61 |
| 2026-07-24 | 17.91 |
| 2026-07-23 | 17.29 |
| 2026-07-22 | 17.44 |
| 2026-07-21 | 17.57 |
| 2026-07-20 | 17.46 |
| 2026-07-17 | 17.51 |
| 2026-07-16 | 17.93 |
| 2026-07-15 | 17.83 |
| 2026-07-14 | 17.27 |
| 2026-07-13 | 17.61 |
| 2026-07-10 | 17.41 |
| 2026-07-09 | 17.58 |
| 2026-07-08 | 17.14 |
| 2026-07-07 | 17.22 |
| 2026-07-06 | 17.56 |
| 2026-07-02 | 18.08 |
| 2026-07-01 | 18.69 |
| 2026-06-30 | 19.37 |
| 2026-06-29 | 19.61 |
| 2026-06-26 | 19.41 |
| 2026-06-25 | 19.69 |
| 2026-06-24 | 19.58 |
| 2026-06-23 | 18.89 |
| 2026-06-22 | 18.87 |
| 2026-06-18 | 19.07 |
| 2026-06-17 | 18.39 |
| 2026-06-16 | 19.09 |
| 2026-06-15 | 19.14 |
| 2026-06-12 | 17.96 |
| 2026-06-11 | 17.57 |
| 2026-06-10 | 16.40 |
| 2026-06-09 | 17.22 |
| 2026-06-08 | 16.60 |
| 2026-06-05 | 17.08 |
| 2026-06-04 | 17.89 |
| 2026-06-03 | 17.48 |
| 2026-06-02 | 17.74 |
| 2026-06-01 | 17.64 |
| 2026-05-29 | 17.37 |
| 2026-05-28 | 17.16 |
| 2026-05-27 | 16.79 |
| 2026-05-26 | 16.33 |
| 2026-05-22 | 15.63 |
| 2026-05-21 | 15.88 |
| 2026-05-20 | 15.49 |
| 2026-05-19 | 15.08 |
| 2026-05-18 | 15.41 |
| 2026-05-15 | 15.88 |
| 2026-05-14 | 16.19 |
| 2026-05-13 | 16.12 |
| 2026-05-12 | 15.75 |
| 2026-05-11 | 16.07 |
| 2026-05-08 | 16.79 |
| 2026-05-07 | 17.14 |
| 2026-05-06 | 17.52 |
| 2026-05-05 | 16.11 |
| 2026-05-04 | 15.83 |
| 2026-05-01 | 16.20 |
| 2026-04-30 | 16.90 |
| 2026-04-29 | 16.27 |
| 2026-04-28 | 16.39 |
| 2026-04-27 | 16.59 |
| 2026-04-24 | 17.03 |
| 2026-04-23 | 16.68 |
| 2026-04-22 | 17.02 |
| 2026-04-21 | 17.39 |
| 2026-04-20 | 18.08 |
| 2026-04-17 | 18.29 |
| 2026-04-16 | 17.04 |
| 2026-04-15 | 18.09 |
| 2026-04-14 | 18.04 |
| 2026-04-13 | 18.09 |
| 2026-04-10 | 17.74 |
| 2026-04-09 | 17.67 |
| 2026-04-08 | 17.89 |
| 2026-04-07 | 17.15 |
| 2026-04-06 | 17.66 |
| 2026-04-02 | 17.53 |
| 2026-04-01 | 18.07 |
| 2026-03-31 | 17.63 |
| 2026-03-30 | 16.74 |
| 2026-03-27 | 16.77 |
| 2026-03-26 | 17.55 |
| 2026-03-25 | 17.87 |
| 2026-03-24 | 17.51 |
| 2026-03-23 | 17.87 |
| 2026-03-20 | 16.89 |
| 2026-03-19 | 17.42 |
| 2026-03-18 | 17.27 |
| 2026-03-17 | 17.80 |
| 2026-03-16 | 17.99 |
| 2026-03-13 | 17.46 |
| 2026-03-12 | 17.08 |
| 2026-03-11 | 18.35 |
| 2026-03-10 | 18.26 |
| 2026-03-09 | 18.61 |
| 2026-03-06 | 17.81 |
| 2026-03-05 | 18.13 |
| 2026-03-04 | 18.40 |
| 2026-03-03 | 19.30 |
| 2026-03-02 | 19.27 |
| 2026-02-27 | 19.92 |
| 2026-02-26 | 20.43 |
| 2026-02-25 | 20.05 |
| 2026-02-24 | 20.28 |
| 2026-02-23 | 19.39 |
| 2026-02-20 | 20.19 |
| 2026-02-19 | 19.88 |
| 2026-02-18 | 20.42 |
| 2026-02-17 | 20.74 |
| 2026-02-13 | 20.47 |
| 2026-02-12 | 21.32 |
| 2026-02-11 | 22.47 |
| 2026-02-10 | 23.39 |
| 2026-02-09 | 23.44 |
| 2026-02-06 | 23.43 |
| 2026-02-05 | 21.96 |
| 2026-02-04 | 22.13 |
| 2026-02-03 | 21.97 |
| 2026-02-02 | 22.49 |
| 2026-01-30 | 21.86 |
| 2026-01-29 | 23.30 |
| 2026-01-28 | 19.64 |
| 2026-01-27 | 19.57 |
| 2026-01-26 | 19.74 |
| 2026-01-23 | 19.27 |
| 2026-01-22 | 19.23 |
| 2026-01-21 | 18.71 |
| 2026-01-20 | 18.18 |
| 2026-01-16 | 18.59 |
| 2026-01-15 | 18.73 |
| 2026-01-14 | 18.81 |
| 2026-01-13 | 19.64 |
| 2026-01-12 | 20.28 |
| 2026-01-09 | 20.98 |
| 2026-01-08 | 20.49 |
| 2026-01-07 | 20.36 |
| 2026-01-06 | 20.05 |
| 2026-01-05 | 18.87 |
| 2026-01-02 | 19.07 |
| 2025-12-31 | 18.78 |
| 2025-12-30 | 18.97 |
| 2025-12-29 | 19.04 |
| 2025-12-26 | 19.24 |
| 2025-12-24 | 19.81 |
| 2025-12-23 | 19.68 |
| 2025-12-22 | 20.25 |
| 2025-12-19 | 19.77 |
| 2025-12-18 | 19.31 |
| 2025-12-17 | 19.18 |
| 2025-12-16 | 18.96 |
| 2025-12-15 | 19.34 |
| 2025-12-12 | 18.78 |
| 2025-12-11 | 18.84 |
| 2025-12-10 | 17.53 |
| 2025-12-09 | 16.72 |
| 2025-12-08 | 17.00 |
| 2025-12-05 | 17.35 |
| 2025-12-04 | 17.46 |
| 2025-12-03 | 17.90 |
| 2025-12-02 | 17.85 |
| 2025-12-01 | 17.95 |
| 2025-11-28 | 17.93 |
| 2025-11-26 | 17.89 |
| 2025-11-25 | 17.94 |
| 2025-11-24 | 17.21 |
| 2025-11-21 | 17.78 |
| 2025-11-20 | 17.02 |
| 2025-11-19 | 17.24 |
| 2025-11-18 | 16.93 |
| 2025-11-17 | 16.61 |
| 2025-11-14 | 17.03 |
| 2025-11-13 | 17.22 |
| 2025-11-12 | 17.74 |
| 2025-11-11 | 17.75 |
| 2025-11-10 | 17.84 |
| 2025-11-07 | 17.24 |
| 2025-11-06 | 17.08 |
| 2025-11-05 | 17.28 |
| 2025-11-04 | 17.33 |
| 2025-11-03 | 18.71 |
| 2025-10-31 | 19.32 |
| 2025-10-30 | 19.16 |
| 2025-10-29 | 18.86 |
| 2025-10-28 | 21.99 |
| 2025-10-27 | 24.04 |
| 2025-10-24 | 23.76 |
| 2025-10-23 | 23.79 |
| 2025-10-22 | 23.87 |
| 2025-10-21 | 23.78 |
| 2025-10-20 | 22.74 |
| 2025-10-17 | 22.55 |
| 2025-10-16 | 22.41 |
| 2025-10-15 | 23.36 |
| 2025-10-14 | 23.56 |
| 2025-10-13 | 22.99 |
| 2025-10-10 | 22.87 |
| 2025-10-09 | 23.05 |
| 2025-10-08 | 23.15 |
| 2025-10-07 | 23.63 |
| 2025-10-06 | 23.82 |
| 2025-10-03 | 23.58 |
| 2025-10-02 | 24.03 |
| 2025-10-01 | 23.73 |
| 2025-09-30 | 24.29 |
| 2025-09-29 | 24.53 |
| 2025-09-26 | 24.54 |
| 2025-09-25 | 24.36 |
| 2025-09-24 | 24.55 |
| 2025-09-23 | 24.82 |
| 2025-09-22 | 24.72 |
| 2025-09-19 | 24.67 |
| 2025-09-18 | 24.46 |
| 2025-09-17 | 24.25 |
| 2025-09-16 | 24.15 |
| 2025-09-15 | 24.76 |
| 2025-09-12 | 25.26 |
| 2025-09-11 | 26.29 |
| 2025-09-10 | 25.64 |
| 2025-09-09 | 25.92 |
| 2025-09-08 | 26.36 |
| 2025-09-05 | 26.45 |
| 2025-09-04 | 27.03 |
| 2025-09-03 | 26.65 |
| 2025-09-02 | 26.58 |
| 2025-08-29 | 27.27 |
Showing the most recent 260 of 4,223 data points. The chart above shows the full history.