CCL
Carnival Corporation Ltd (Paired Stock)
PE ratio, current and historical analysis
- Stocks
- Consumer Cyclical
- NYSE: CCL
- PE Ratio
The P/E ratio for Carnival Corporation Ltd (Paired Stock) stock stands at 12.04 as of Jul 29, 2026. This takes into account the latest EPS of $2.31 and stock price of $27.81. A decrease of 10% has been observed in the PE ratio compared to its average of 13.4 of the past four quarters.
CCL PE ratio history
Over the last ten years, the average PE ratio of Carnival Corporation Ltd (Paired Stock) has been 15.87. The current 12.04 price-to-earnings ratio is 24% less than the historical average. Analyzing the last ten years, CCL's PE ratio reached its highest point in the Feb 2024 quarter at 49.56, with a price of $15.86 and an EPS of $0.32. The Aug 2019 quarter saw the lowest point at 9.95, with a price of $44.08 and an EPS of $4.43.
Carnival Corporation Ltd (Paired Stock) PE ratio by year
Maximum annual increase: 69.47% in 2012
Maximum annual decrease: -38.37% in 2016
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 12.28 | -27.55% | $25.78 | $2.1 |
| 2024 | 16.95 | N/A | $25.43 | $1.5 |
| 2023 | N/A | N/A | $15.06 | -$0.06 |
| 2022 | N/A | N/A | $9.93 | -$5.16 |
| 2021 | N/A | N/A | $17.62 | -$8.46 |
| 2020 | N/A | N/A | $19.98 | -$13.2 |
| 2019 | 10.39 | -23.32% | $45.08 | $4.34 |
| 2018 | 13.55 | -25.47% | $60.29 | $4.45 |
| 2017 | 18.18 | 31.93% | $65.64 | $3.61 |
| 2016 | 13.78 | -38.37% | $51.41 | $3.73 |
| 2015 | 22.36 | -20.51% | $50.53 | $2.26 |
| 2014 | 28.13 | 5.95% | $44.16 | $1.57 |
| 2013 | 26.55 | 14.69% | $36.11 | $1.36 |
| 2012 | 23.15 | 69.47% | $38.66 | $1.67 |
| 2011 | 13.66 | -17.01% | $33.2 | $2.43 |
Carnival Corporation Ltd (Paired Stock) PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| May 2026 | 12.15 | -9.53% | $28.06 | $2.31 |
| Feb 2026 | 13.43 | 9.36% | $31.55 | $2.35 |
| Nov 2025 | 12.28 | -22.62% | $25.78 | $2.1 |
| Aug 2025 | 15.87 | 34.61% | $31.89 | $2.01 |
| May 2025 | 11.79 | -20.66% | $23.22 | $1.97 |
| Feb 2025 | 14.86 | -12.33% | $23.93 | $1.61 |
| Nov 2024 | 16.95 | 26.4% | $25.43 | $1.5 |
| Aug 2024 | 13.41 | -36.86% | $16.5 | $1.23 |
| May 2024 | 21.24 | -57.14% | $15.08 | $0.71 |
| Feb 2024 | 49.56 | N/A | $15.86 | $0.32 |
| Nov 2023 | N/A | N/A | $15.06 | -$0.06 |
| Aug 2023 | N/A | N/A | $15.82 | -$1.29 |
| May 2023 | N/A | N/A | $11.23 | -$2.79 |
| Feb 2023 | N/A | N/A | $10.62 | -$4.08 |
| Nov 2022 | N/A | N/A | $9.93 | -$5.16 |
CCL Price vs fair value
CCL average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
Currently, CCL's PE ratio is under its 3, 5 and 10-year averages.
PE comparison
With a price to earnings (P/E) of 12.04, CCL stands lower than the Consumer Cyclical sector and the industry average. Looking at the Consumer Cyclical sector average of 21.69, Carnival Corporation Ltd (Paired Stock)'s price to earnings (P/E) is 44% lower.
CCL PE vs peers
CCL's PE ratio is below its peer stocks MAR and RCL.
| Stock name | PE ratio | Market cap |
|---|---|---|
| CCL Carnival Corporation Ltd (Paired Stock) | 12.04 | $38.09B |
| NCLH Norwegian Cruise Line Holdings Ltd | 16.6 | $9.53B |
| RCL Royal Caribbean Group | 19.86 | $86.54B |
| MAR Marriott International Inc - Class A | 39.82 | $100.5B |
Frequently asked questions
What is Carnival Corporation Ltd (Paired Stock)'s PE ratio?
The price to earnings ratio for CCL stock as of Jul 29, 2026, stands at 12.04.
What is the 3-year average PE ratio for Carnival Corporation Ltd (Paired Stock) (CCL)?
The 3-year average PE ratio for CCL stock is 18.15.
What is the 5-year average PE ratio for Carnival Corporation Ltd (Paired Stock) (CCL)?
The 5-year average PE ratio for CCL stock is 18.15.
What is the highest PE ratio for CCL?
The highest quarterly PE ratio in the last ten years has been 49.56 and it was in the Feb 2024 quarter.
How does the current PE ratio for CCL compare to its historical average?
CCL's price to earnings ratio is currently 24% below its 10-year historical average.
How is CCL's PE ratio calculated (Carnival Corporation Ltd (Paired Stock) PE ratio formula)?
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Jul 29, 2026), Carnival Corporation Ltd (Paired Stock)'s share price is $27.81. The company's earnings per share for the trailing twelve months (TTM) ending May 2026 is $2.31. Therefore, Carnival Corporation Ltd (Paired Stock)'s price to earnings ratio for today is 12.04. PE RATIO(12.04) = STOCK PRICE($27.81) / TTM EPS($2.31)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.