Carnival Corporation & plc (CCL) P/E Ratio History
Historical price-to-earnings valuation from 1993 to 2025
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CCL Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Carnival Corporation & plc (CCL) trades at a price-to-earnings ratio of 13.6x, with a stock price of $27.52 and trailing twelve-month earnings per share of $1.97.
The current P/E is 22% below its 5-year average of 17.6x. Over the past five years, CCL's P/E has ranged from a low of 10.0x to a high of 61.0x, placing the current valuation at the 40th percentile of its historical range.
Compared to the Consumer Cyclical sector median P/E of 19.6x, CCL trades at a 30% discount to its sector peers. The sector includes 301 companies with P/E ratios ranging from 0.1x to 199.0x.
Relative to the broader market, CCL trades at a notable discount to the S&P 500 median P/E of 25.2x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our CCL DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
CCL P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $78B | 18.4Lowest | -Best | +43% | |
| $8B | 19.7 | -Best | -52% | |
| $27B | 33.5 | -Best | +757%Best | |
| $95B | 37.8 | -Best | +14% | |
| $73B | 52.5 | -Best | -0% | |
| $4B | 18.9 | -Best | -36% | |
| $117B | 2187.7 | -Best | -85% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
CCL Historical P/E Data (1993–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q4 | Sun Nov 30 2025 00:00:00 GM | $25.78 | $2.00 | 12.9x | -39% |
| FY2025 Q3 | Sun Aug 31 2025 00:00:00 GM | $31.89 | $1.86 | 17.1x | -18% |
| FY2025 Q2 | Sat May 31 2025 00:00:00 GM | $23.22 | $1.79 | 13.0x | -38% |
| FY2025 Q1 | Fri Feb 28 2025 00:00:00 GM | $23.93 | $1.44 | 16.6x | -21% |
| FY2024 Q4 | Sat Nov 30 2024 00:00:00 GM | $25.43 | $1.33 | 19.1x | -9% |
| FY2024 Q3 | Sat Aug 31 2024 00:00:00 GM | $16.50 | $1.12 | 14.7x | -30% |
| FY2024 Q2 | Fri May 31 2024 00:00:00 GM | $15.08 | $0.65 | 23.1x | +10% |
| FY2024 Q1 | $15.86 | $0.26 | 61.0x | +191% | |
| FY2020 Q1 | Sat Feb 29 2020 00:00:00 GM | $33.46 | $2.70 | 12.4x | -41% |
| FY2019 Q4 | Sat Nov 30 2019 00:00:00 GM | $45.08 | $4.32 | 10.4x | -50% |
| FY2019 Q3 | Sat Aug 31 2019 00:00:00 GM | $44.08 | $4.42 | 10.0x | -52% |
| FY2019 Q2 | Fri May 31 2019 00:00:00 GM | $51.19 | $4.25 | 12.0x | -43% |
Average P/E for displayed period: 21.0x
Full CCL Stock Analysis
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Start ComparisonCCL — Frequently Asked Questions
Quick answers to the most common questions about buying CCL stock.
Is CCL stock overvalued or undervalued?
CCL trades at 13.6x P/E, below its 5-year average of 17.6x. At the 40th percentile of historical range, the stock is priced at a discount to its own history.
How does CCL's valuation compare to peers?
Carnival Corporation & plc P/E of 13.6x compares to sector median of 19.6x. The discount suggests lower growth expectations or higher risk.
What is CCL's PEG ratio?
CCL PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1993-2025.