RCL

Stock

Royal Caribbean Cruises Ltd.

Worth a look

Bigger than its usual dip. Not yet rare.

Royal Caribbean Cruises Ltd. is 21% off its high — deeper than its 6.3% average pullback, but it has been through 165 drawdowns before. Not historically significant yet — we'll say so if that changes.

Price $288.08 · as of Jul 9, 2026All-time high $364.72Drawdown -21.0%Severity Score™ 3.9
🟡

Elevated

Current Drawdown

-21.0%

Days in Drawdown

315

Avg Max Drawdown

6.3%

Avg Length

70

Drawdown Severity Score™

3.9

RCL - Price & High Water Mark

RCL - Drawdown Timeline

How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.

Valuation vs Its Own History

Data as of July 8, 2026 · updated daily

Where today's valuation sits within RCL's own multi-year range. A lower percentile means today's ratio is lower than more of its past readings. This is context, not a recommendation.

Price to Sales

4.2xAbove Typical · 89th percentile
Low: 0.18xMedian: 2.0xHigh: 251.9x

20 years of daily history

98.3% below its highest Price to Sales reading · 8.9x typical multiple drawdown · high date September 27, 2021

Price to Sales history

EV to EBITDA

14.4xAbove Typical · 78th percentile
Low: 4.9xMedian: 12.5xHigh: 63.8x

20 years of daily history

77.4% below its highest EV to EBITDA reading · 7.2x typical multiple drawdown · high date March 6, 2023

EV to EBITDA history · log scale

How we measure valuation

Royal Caribbean Cruises Ltd. (RCL) Analysis: Current Drawdown Insights

Royal Caribbean Cruises Ltd. is currently in a drawdown that is unusual by its own historical standards. As of 2026-07-09, the stock is trading at $288.08, which represents a 21.0% decline from its all-time high of $364.72. This drawdown has persisted for 315 days.

Based on its full tracked price history, Royal Caribbean Cruises Ltd. typically experiences drawdowns averaging 6.3% in depth, with an average duration of 70 days. Royal Caribbean Cruises Ltd. has gone through 165 total drawdown events in its tracked history. The largest drawdown on record for Royal Caribbean Cruises Ltd. was 89.5%, beginning in 2004. The longest drawdown duration on record was 3320 days.

The Drawdown Severity Score™ for Royal Caribbean Cruises Ltd. currently stands at 3.86. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score between 3.0 and 5.0 indicates an elevated drawdown that's larger than this asset's historical averages.

Understanding Drawdowns: A drawdown measures how far a stock has fallen from its peak price. Every stock experiences drawdowns: periods when the price declines from all-time highs before recovering. By analyzing Royal Caribbean Cruises Ltd.'s historical drawdown patterns, investors can identify when the stock is experiencing a typical market fluctuation versus an unusual decline that is rare by that stock's own historical standards.

📜 Historical Drawdown Events

Current drawdown shown in blue. Showing the most recent and the deepest of 165 tracked pullbacks (64 listed).

Start DateEnd DateDurationMax DepthStart PriceLowest PriceRecovery Price
2025-08-28Ongoing315 days-21.0%$364.72$288.08n/a
2025-07-242025-08-2634 days-14.6%$351.76$300.52$352.66
2025-07-212025-07-233 days-1.0%$349.03$345.41$351.76
2025-07-152025-07-173 days-0.8%$340.98$338.19$347.44
2025-07-112025-07-144 days-0.8%$340.32$337.47$340.98
2025-07-072025-07-104 days-1.7%$333.46$327.84$340.32
2025-06-092025-06-2416 days-6.6%$275.49$257.29$279.61
2025-01-312025-06-06126 days-35.0%$272.23$176.89$275.49
2024-12-092025-01-2851 days-12.5%$255.09$223.23$262.78
2024-12-032024-12-042 days-0.2%$243.55$243.04$246.84
2024-11-272024-12-026 days-1.2%$241.66$238.81$243.55
2024-11-252024-11-262 days-0.5%$238.69$237.60$241.66
2024-11-132024-11-219 days-2.5%$234.66$228.80$234.81
2024-11-072024-11-115 days-2.7%$224.01$217.96$232.09
2024-10-302024-11-057 days-3.8%$207.66$199.71$208.32
2024-10-232024-10-286 days-1.2%$200.99$198.58$201.16
2024-10-162024-10-227 days-1.2%$200.07$197.59$200.99
2024-09-272024-10-0812 days-5.3%$180.69$171.15$181.26
2024-09-252024-09-262 days-1.2%$177.54$175.35$180.69
2024-07-172024-09-2066 days-19.3%$169.69$136.92$172.03
2024-07-102024-07-112 days-0.3%$160.86$160.42$160.91
2024-06-272024-07-0913 days-3.7%$159.15$153.22$160.86
2024-06-132024-06-2513 days-5.7%$155.29$146.43$158.49
2024-06-062024-06-127 days-2.0%$154.15$151.06$155.29
2024-05-222024-06-0313 days-2.9%$148.65$144.27$148.87
2024-04-302024-05-2021 days-4.2%$141.36$135.47$145.64
2024-04-022024-04-2625 days-9.9%$138.60$124.84$138.63
2024-03-282024-04-015 days-0.5%$137.78$137.08$138.60
2020-01-212024-03-201520 days-83.3%$131.86$22.02$133.64
2020-01-032020-01-1715 days-3.1%$131.47$127.36$131.86
2019-12-272020-01-027 days-0.6%$131.00$130.18$131.47
2019-12-242019-12-263 days-0.3%$130.25$129.82$131.00
2018-01-292019-12-20691 days-32.2%$125.69$85.24$127.99
2018-01-252018-01-262 days-0.4%$123.39$122.85$125.69
2018-01-182018-01-247 days-2.3%$121.25$118.47$123.39
2017-11-082018-01-1771 days-7.3%$119.77$111.07$121.25
2017-10-162017-11-0723 days-5.5%$118.41$111.87$119.77
2017-10-122017-10-132 days-0.0%$115.86$115.85$118.41
2017-09-012017-10-0939 days-8.0%$114.75$105.54$115.41
2017-08-162017-08-3116 days-2.4%$112.22$109.54$114.75
2017-08-102017-08-156 days-2.7%$111.09$108.07$112.22
2017-08-042017-08-096 days-1.8%$110.56$108.57$111.09
2017-07-252017-08-018 days-2.3%$106.71$104.25$107.75
2017-07-212017-07-244 days-0.3%$106.27$105.94$106.71
2017-06-222017-07-2029 days-4.7%$105.02$100.10$106.27
2017-06-052017-06-2117 days-3.1%$104.53$101.25$105.02
2017-05-302017-06-013 days-0.6%$101.97$101.37$103.95
2017-05-102017-05-2516 days-4.8%$99.89$95.15$101.21
2017-05-082017-05-092 days-0.6%$99.71$99.11$99.89
2017-05-022017-05-054 days-0.5%$99.52$99.07$99.71
2017-03-292017-04-2629 days-5.9%$92.09$86.62$92.23
2015-12-312017-03-28453 days-35.6%$91.75$59.07$92.09
2015-09-222015-10-2332 days-11.7%$86.48$76.38$87.18
2015-01-232015-07-16174 days-21.4%$74.85$58.86$75.28
2014-09-192014-11-0346 days-19.6%$59.88$48.13$59.92
2004-12-292014-01-303320 days-89.5%$43.37$4.56$43.90
1999-11-172004-12-031844 days-84.4%$39.58$6.16$39.58
1999-08-241999-10-2967 days-16.8%$36.03$29.98$37.21
1999-05-211999-06-1021 days-12.7%$30.19$26.35$30.65
1998-07-211999-05-20304 days-58.6%$30.14$12.46$30.19
1997-06-181997-07-2942 days-12.8%$13.35$11.64$13.41
1994-10-281997-02-27854 days-28.4%$9.83$7.04$9.94
1994-08-241994-10-2664 days-12.7%$9.60$8.38$9.63
1994-02-091994-05-1999 days-14.8%$9.05$7.72$9.08
1993-04-301993-06-2860 days-14.8%$5.90$5.03$6.06

How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).

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Or explore current drawdowns:

Royal Caribbean Cruises Ltd. (RCL) is trading at $288.08 as of Jul 9, 2026. It is 21.0% below its high of $364.72. The drawdown has lasted 315 days. Severity score: 3.9 (Elevated).

RCL Price History and Drawdown Data

Latest price

$288.08

High-water mark

$364.72

Current drawdown

-21.0%

Days in drawdown

315

This RCL page is built around daily price history, the latest high-water mark, current drawdown depth, drawdown duration, and comparable historical drawdown events. The chart above provides the price-history context, while the sections below explain how the current move compares with prior Royal Caribbean Cruises Ltd. drawdowns.

What History Says About RCL

Royal Caribbean Cruises Ltd. has dropped 20%+ from its high 9 times in its tracked history. These events lasted an average of 1032 days with an average max drop of -52.1%.

The current drawdown of -21.0% has lasted 315 days, which is within the typical range for comparable events.

PeriodMax DropDuration
Dec 2004 to Jan 2014-89.5%3320 days
Nov 1999 to Dec 2004-84.4%1844 days
Jan 2020 to Mar 2024-83.3%1520 days
Jul 1998 to May 1999-58.6%304 days
Dec 2015 to Mar 2017-35.6%453 days
Jan 2025 to Jun 2025-35.0%126 days

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