Carnival Corporation CCL
- Market cap
- $30.1B
- P/E
- 9.6×
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Carnival Corporation (CCL) Price to free cash flow
As of 25 September 2026, Carnival Corporation (CCL) trades at a price to free cash flow of 9.6×. Over the past ten years it has ranged from 0.0× (November 2023) to 497× (January 2020); the current reading is higher than 31% of that period. That is below the Travel Services industry median of 12.4× and below the Consumer Cyclical sector median of 12.8×.
Price to free cash flow, daily
Annual
| Period | Price to free cash flow | Change |
|---|---|---|
| FY2025 | 11.6× | (52.48%) |
| FY2024 | 24.4× | 71.90% |
| FY2023 | 14.2× | — |
| FY2022 | 0.0× | — |
| FY2021 | 0.0× | — |
| FY2020 | 0.0× | — |
| FY2019 | 426× | 2,083.40% |
| FY2018 | 19.5× | (2.02%) |
| FY2017 | 19.9× | 9.17% |
| FY2016 | 18.3× | 4.67% |
Quarterly
| Period | Price to free cash flow | Change |
|---|---|---|
| May 2026 | 11.8× | (2.83%) |
| Feb 2026 | 12.2× | 4.84% |
| Nov 2025 | 11.6× | (7.26%) |
| Aug 2025 | 12.5× | 28.74% |
| 42 more quarters | Free account |
Against its own ten years
Price to free cash flow against peers
| Company | Price to free cash flow |
|---|---|
| NCLH Norwegian Cruise Line Holdings Ltd. compare | n/m |
| RCL Royal Caribbean Cruises Ltd. compare | n/m |
| TCOM Trip.com Group Limited Sponsored ADR compare | 3.2× |
| EXPE Expedia Group, Inc. compare | 7.1× |
| CCL Carnival Corporation | 9.6× |
| BKNG Booking Holdings Inc. compare | 13.2× |
| ABNB Airbnb, Inc. compare | 19.4× |
| VIK Viking Holdings Ltd. compare | 31.1× |
| GBTG Global Business Travel Group, Inc. compare | 47.9× |
| Travel Services industry median | 12.4× |
| Consumer Cyclical sector median | 12.8× |
| Market median | 14.0× |
What Price to free cash flow is
Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.
Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (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
- P/B ratio
- 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