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    Royal Caribbean Cruises (RCL) Could Be 7% Undervalued After Q3 Earnings And 2028 Plans

    Simply Wall St·11/07/2026 23:21:29
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    Royal Caribbean Cruises (RCL) is back in focus after two clear signals for investors. Fresh third quarter earnings showed higher earnings per share, and a newly announced 2028 Caribbean schedule highlighted ongoing product expansion.

    Recent trading reflects that story. Royal Caribbean Cruises has logged a 15.9% 30 day share price return and a 15.5% year to date gain, while the 1 year total shareholder return of 30.4% and very large 3 and 5 year total shareholder returns point to momentum that has been building rather than fading.

    Capture the current momentum in cruise travel by scanning a curated set of 39 high quality undervalued stocks that, like Royal Caribbean Cruises, pair established operations with meaningful recent share price strength.

    Royal Caribbean Cruises now trades with strong recent gains and fresh products stretching into 2028 already in the market. The real puzzle is whether most of the upside is already booked or if the valuation still leaves room.

    Most Popular Narrative: 6.6% Undervalued

    Royal Caribbean Cruises last closed at $327.16 against a most followed narrative fair value of $350.44. This frames the current debate around whether recent earnings strength and product rollouts fully explain the gap.

    Moderate capacity growth initiatives, including the ongoing introduction of larger ships and the planned acquisition of a 50% stake in Sandals and Beaches Resorts for about US$3b that is anticipated to be accretive to earnings and EBITDA, aim to broaden the vacation platform and support long term revenue and EPS growth.

    What is behind 61 investors see Royal Caribbean Cruises as 7% undervalued.

    Result: Fair Value of $350.44 (UNDERVALUED)

    Still, the thesis around Royal Caribbean Cruises only holds if fuel costs stay manageable and booking trends avoid a meaningful slowdown that pressures yields and onboard spending.

    Find out about the key risks to this Royal Caribbean Cruises narrative.

    Next Steps

    Mixed on the story so far, or firmly in one camp? Either way, move quickly and pressure test that view against the 4 key rewards and 2 important warning signs.

    Looking for more investment ideas beyond Royal Caribbean Cruises?

    If you stop with Royal Caribbean Cruises, you risk missing other opportunities where quality, price and momentum could line up even more cleanly for your portfolio.