CCL Carnival PE ratio, current and historical analysis
The P/E ratio for Carnival stock stands at 12.43 as of Apr 2, 2025. This takes into account the latest EPS of $1.61 and stock price of $20.02. A decrease of 25% has been observed in the PE ratio compared to its average of 16.6 of the past four quarters.
CCL PE ratio history
Over the last ten years, the average PE ratio of Carnival has been 17.74. The current 12.43 price-to-earnings ratio is 30% 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 |
|---|---|---|---|---|
| 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 |
| 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 |
CCL average PE ratio chart
Currently, CCL's PE ratio is under its 3, 5 and 10-year averages.
CCL PE vs peers
CCL's PE ratio is less than its peer stocks MAR and RCL, but it is above NCLH's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| NCLH Norwegian Cruise Line Holdings Ltd | 9.33 | $8.58B |
| CCL Carnival Corp | 12.43 | $27.12B |
| RCL Royal Caribbean Group | 19.28 | $57.07B |
| MAR Marriott International Inc | 29.01 | $66.87B |
Frequently asked questions
What is Carnival's PE ratio?
The price to earnings ratio for CCL stock as of Apr 2, 2025, stands at 12.43.
What is the 3-year average PE ratio for Carnival (CCL)?
The 3-year average PE ratio for CCL stock is 23.2.
What is the 5-year average PE ratio for Carnival (CCL)?
The 5-year average PE ratio for CCL stock is 23.2.
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 30% 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 (Apr 2, 2025), Carnival's share price is $20.02. The company's earnings per share for the trailing twelve months (TTM) ending Feb 2025 is $1.61. Therefore, Carnival's price to earnings ratio for today is 12.43. PE RATIO(12.43) = STOCK PRICE($20.02) / TTM EPS($1.61)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.