Carnival Corporation CCL
22.25
0.46
2.11%
as of 25 Sep
- Market cap
- $30.1B
- P/E
- 9.6×
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Carnival Corporation (CCL) P/B ratio
As of 25 September 2026, Carnival Corporation (CCL) trades at a P/B ratio of 2.4×. Over the past ten years it has ranged from 0.2× (April 2020) to 4.3× (August 2025); the current reading is higher than 73% of that period. That is below the Travel Services industry median of 2.6× and above the Consumer Cyclical sector median of 1.6×.
P/B ratio, daily
Annual
| Period | P/B ratio | Change |
|---|---|---|
| FY2025 | 2.8× | (22.62%) |
| FY2024 | 3.6× | 29.60% |
| FY2023 | 2.8× | 66.50% |
| FY2022 | 1.7× | 1.80% |
| FY2021 | 1.6× | 116.29% |
| FY2020 | 0.8× | (37.76%) |
| FY2019 | 1.2× | (30.79%) |
| FY2018 | 1.7× | (10.64%) |
| FY2017 | 2.0× | 15.47% |
| FY2016 | 1.7× | 2.62% |
Quarterly
| Period | P/B ratio | Change |
|---|---|---|
| May 2026 | 2.9× | (4.91%) |
| Feb 2026 | 3.1× | 11.19% |
| Nov 2025 | 2.8× | (19.26%) |
| Aug 2025 | 3.4× | 11.15% |
| 42 more quarters | Free account |
Against its own ten years
Low 0.2×
High 4.3×
Ten-year median
1.8×
Current reading's percentile
73
P/B ratio against peers
| Company | P/B ratio |
|---|---|
| BKNG Booking Holdings Inc. compare | n/m |
| TCOM Trip.com Group Limited Sponsored ADR compare | 1.0× |
| CCL Carnival Corporation | 2.4× |
| NCLH Norwegian Cruise Line Holdings Ltd. compare | 2.6× |
| GBTG Global Business Travel Group, Inc. compare | 3.0× |
| RCL Royal Caribbean Cruises Ltd. compare | 6.2× |
| ABNB Airbnb, Inc. compare | 12.0× |
| EXPE Expedia Group, Inc. compare | 12.9× |
| VIK Viking Holdings Ltd. compare | 21.7× |
| Travel Services industry median | 2.6× |
| Consumer Cyclical sector median | 1.6× |
| Market median | 1.8× |
What P/B ratio is
Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.
Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))
More on CCL
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement