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.

Revenue
+3.46%
EPS
0.00%
Free cash flow
−3.26%
Total debt
−9.70%

Quarter to August 2026, against a year earlier

29.59 1.73 −5.52%
Market cap
$39.8B
P/E
12.8×
Fwd P/E
13.1×
Dividend yield
2.03%
F-score
8/9
Altman Z
1.24
Beneish M
−2.69
Dividend safety
56/100

Carnival Corporation (CCL) P/E ratio

Alert me on P/E ratio

As of 5 November 2026, Carnival Corporation (CCL) trades at a P/E ratio of 12.8×. Over the past ten years it has ranged from 0.0× (February 2024) to 53.7× (March 2024); the current reading is higher than 52% of that period. That is below the Travel Services industry median of 19.0× and below the Consumer Cyclical sector median of 18.1×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 12.3× (28.74%)
FY2024 17.3× —
FY2023 0.0× —
FY2022 0.0× —
FY2021 0.0× —
FY2020 0.0× —
FY2019 10.3× (23.99%)
FY2018 13.5× (25.86%)
FY2017 18.2× 33.35%
FY2016 13.7× (38.85%)

Quarterly newest first

Period P/E ratio Change
Aug 2026 10.3× (13.16%)
May 2026 11.9× (3.96%)
Feb 2026 12.4× 0.42%
Nov 2025 12.3× (20.35%)
43 more quarters

Against its own ten years

Low 0.0× High 53.7×
Ten-year median 12.5×
Current reading's percentile 33

P/E ratio against peers

Company P/E ratio
TCOM Trip.com Group Limited Sponsored ADR compare 8.2×
NCLH Norwegian Cruise Line Holdings Ltd. compare 9.8×
CCL Carnival Corporation 12.8×
EXPE Expedia Group, Inc. compare 15.6×
BKNG Booking Holdings Inc. compare 18.0×
RCL Royal Caribbean Cruises Ltd. compare 19.0×
VIK Viking Holdings Ltd. compare 28.6×
ABNB Airbnb, Inc. compare 31.5×
MMYT MakeMyTrip Limited compare 120×
Travel Services industry median 19.0×
Consumer Cyclical sector median 18.1×
Market median 17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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