CCL Carnival PE ratio, current and historical analysis
The P/E ratio for Carnival stock stands at 15.48 as of Feb 21, 2025. This takes into account the latest EPS of $1.5 and stock price of $23.22. A decrease of 39% has been observed in the PE ratio compared to its average of 25.3 of the past four quarters.
CCL PE ratio history
Over the last ten years, the average PE ratio of Carnival has been 18.2. The current 15.48 price-to-earnings ratio is 15% 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 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 |
|---|---|---|---|---|
| 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 |
| 2010 | 16.46 | 16.65% | $41.31 | $2.51 |
Carnival PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 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 |
| Aug 2022 | N/A | N/A | $9.46 | -$6.24 |
| May 2022 | N/A | N/A | $13.88 | -$8.09 |
| Feb 2022 | N/A | N/A | $20.33 | -$8.31 |
| Nov 2021 | N/A | N/A | $17.62 | -$8.46 |
| Aug 2021 | N/A | N/A | $24.14 | -$8.3 |
| May 2021 | N/A | N/A | $29.56 | -$9.49 |
CCL average PE ratio chart
Currently, CCL's PE ratio is under its 5 and 10-year averages.
CCL PE vs peers
CCL's PE ratio is below its peer stocks MAR and RCL.
| Stock name | PE ratio | Market cap |
|---|---|---|
| CCL Carnival Corp | 15.48 | $31.39B |
| NCLH Norwegian Cruise Line Holdings Ltd | 19.29 | $10.6B |
| RCL Royal Caribbean Group | 21.3 | $63.05B |
| MAR Marriott International Inc | 33.19 | $76.5B |
Frequently asked questions
What is Carnival's PE ratio?
The price to earnings ratio for CCL stock as of Feb 21, 2025, stands at 15.48.
What is the 5-year average PE ratio for Carnival (CCL)?
The 5-year average PE ratio for CCL stock is 22.7.
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 15% below its 10-year historical average.
How is CCL's PE ratio calculated (Carnival PE ratio formula)?
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Feb 21, 2025), Carnival's share price is $23.22. The company's earnings per share for the trailing twelve months (TTM) ending Nov 2024 is $1.5. Therefore, Carnival's price to earnings ratio for today is 15.48. PE RATIO(15.48) = STOCK PRICE($23.22) / TTM EPS($1.5)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.