Constants can be declared at the top level or inside other types. They must start with a capital letter:
PI = 3.14
module Earth
  RADIUS = 6_371_000
end
PI #=> 3.14
Earth::RADIUS #=> 6_371_000
Although not enforced by the compiler, constants are usually named with all capital letters and underscores to separate words.
A constant definition can invoke methods and have complex logic:
TEN = begin
  a = 0
  while a < 10
    a += 1
  end
  a
end
TEN #=> 10
If a constant is not used, its initializer is never included in the final executable.