Carnival Corporation CCL

22.25 0.46 2.11% as of 25 Sep
Market cap
$30.1B
P/E
9.6×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

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

Against its own ten years

Low 0.0× High 497×
Ten-year median 13.9×
Current reading's percentile 31

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)))

The full definition of Price to free cash flow →

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