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Saturday 17 October 2026 Export CCL’s income statement to Excel — free account

Carnival Corporation

CCL Consumer Cyclical Travel Services

Carnival Corporation’s revenue for fiscal 2025 (year ended November 2025) was $26.6 billion, up 6.40% from fiscal 2024. In the quarter to August 2026, revenue grew 3.46%, EPS was flat, free cash flow fell 3.26% and total debt fell 9.70%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for three consecutive years, operating cash flow growth for five.

25.89 0.57 −2.15%
Market cap
$35.6B
P/E
11.2×
Fwd P/E
12.3×
Dividend yield
1.74%
F-score
8/9
Altman Z
1.24
Beneish M
−2.69
Dividend safety
56/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Carnival Corporation (CCL) P/B ratio

Alert me on P/B ratio

As of 16 October 2026, Carnival Corporation (CCL) trades at a P/B ratio of 2.5×. Over the past ten years it has ranged from 0.2× (April 2020) to 4.3× (August 2025); the current reading is higher than 74% of that period. That is in line with the Travel Services industry median of 2.6× and above the Consumer Cyclical sector median of 1.6×.

P/B ratio, daily

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Annual newest first

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 newest first

Period P/B ratio Change
Aug 2026 2.3× (21.73%)
May 2026 2.9× (4.91%)
Feb 2026 3.1× 11.19%
Nov 2025 2.8× (19.26%)
43 more quarters

Against its own ten years

Low 0.2× High 4.3×
Ten-year median 1.8×
Current reading's percentile 71

P/B ratio against peers

Company P/B ratio
MMYT MakeMyTrip Limited compare n/m
BKNG Booking Holdings Inc. compare n/m
TCOM Trip.com Group Limited Sponsored ADR compare 1.0×
CCL Carnival Corporation 2.5×
NCLH Norwegian Cruise Line Holdings Ltd. compare 2.7×
RCL Royal Caribbean Cruises Ltd. compare 7.1×
ABNB Airbnb, Inc. compare 13.2×
EXPE Expedia Group, Inc. compare 14.1×
VIK Viking Holdings Ltd. compare 22.5×
Travel Services industry median 2.6×
Consumer Cyclical sector median 1.6×
Market median 1.7×

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))

The full definition of P/B ratio →

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