Carnival Corporation Ltd. (CCL) Valuation
Historical valuation analysis based on 1280 data points (2021-09-13 to 2026-10-16)
Carnival is the largest global cruise company, with nearly 100 ships in service. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North Ame...
Carnival Corporation Ltd. (CCL) currently trades at a P/E ratio of 11.31 (historical range: 9.51–53.43, median: 15.22), placing it at the 9th percentile — cheap relative to its history, P/S ratio of 1.29 (range: 0.72–208.48, 47th percentile — near its historical average), EV/EBITDA of 13.11 (range: 11.83–113.81, 15th percentile).
Over the historical period (2021-09-13 to 2026-10-16), Carnival Corporation Ltd.'s P/E ratio has contracted by 65% over the observed period (from an average of 51.0 to 17.7).
Carnival Corporation Ltd. trades well below its historical valuation range across most metrics.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 11.31 | 15.22 | 9th | cheap relative to its history |
| P/S Ratio | 1.29 | 1.32 | 47th | near its historical average |
| EV/EBITDA | 13.11 | 15.14 | 15th | cheap relative to its history |
| FCF Yield | 8.95% | 7.37% | 92th | cheap relative to its history |
Carnival Corporation Ltd. (CCL) Valuation & P/E History
Carnival Corporation Ltd. (CCL) is a US-listed stock operating in the Consumer Cyclical sector, specifically the Travel Services industry currently trading at $25.83 with a market capitalization of $34.7 billion. This page provides historical valuation analysis for CCL based on 1280 data points covering 2021-09-13 to 2026-10-16. The P/E ratio of 11.31 is below the historical median of 15.22, placing CCL at the 9th percentile of its valuation range. The P/S ratio of 1.29 compares to a median of 1.32.
CCL Valuation Metrics & Historical Range
The valuation table above shows Carnival Corporation Ltd.'s current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether CCL is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests CCL is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for Carnival Corporation Ltd..
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is CCL Overvalued or Undervalued?
Carnival Corporation Ltd. trades well below its historical valuation range across most metrics. The overall valuation percentile of 24 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive CCL is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full CCL analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.CCL trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.