Carnival Corporation Ltd (Paired Stock) is trading with a PEG ratio of 0.7, based on Jul 29, 2026 data. Dividing the 12.04 PE ratio by the 17.3% earnings growth rate yields this valuation metric. Relative to the 0.39 average from the previous four quarters, the PEG ratio has soared by 81%.
Historically, Carnival Corporation Ltd (Paired Stock) shows a PEG ratio averaging 0.6 across the past ten years. At 0.7, today's PE to growth ratio sits 17% above its historical average. The ten years high occurred in the May 2018 quarter at 3.77, reflecting maximum valuation relative to growth. The minimum was hit in the Nov 2024 quarter at 0.01, indicating optimal value relative to growth during that period.
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| 2025 | 0.31 | 12.28 | 40% |
| 2024 | 0.01 | 16.95 | 2,600% |
| 2023 | N/A | N/A | 98.8% |
| 2022 | N/A | N/A | 39% |
| 2021 | N/A | N/A | 35.9% |
| 2020 | N/A | N/A | -404.1% |
| 2019 | N/A | 10.39 | -2.5% |
| 2018 | 0.58 | 13.55 | 23.3% |
| 2017 | N/A | 18.18 | -3.2% |
| 2016 | 0.21 | 13.78 | 65% |
| 2015 | 0.51 | 22.36 | 43.9% |
| 2014 | 1.83 | 28.13 | 15.4% |
| 2013 | N/A | 26.55 | -18.6% |
| 2012 | N/A | 23.15 | -31.3% |
| 2011 | N/A | 13.66 | -3.2% |
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| May 2026 | 0.7 | 12.15 | 17.3% |
| Feb 2026 | 0.29 | 13.43 | 46% |
| Nov 2025 | 0.31 | 12.28 | 40% |
| Aug 2025 | 0.25 | 15.87 | 63.4% |
| May 2025 | 0.07 | 11.79 | 177.5% |
| Feb 2025 | 0.04 | 14.86 | 403.1% |
| Nov 2024 | 0.01 | 16.95 | 2,600% |
| Aug 2024 | 0.07 | 13.41 | 195.3% |
| May 2024 | 0.17 | 21.24 | 125.4% |
| Feb 2024 | 0.46 | 49.56 | 107.8% |
| Nov 2023 | N/A | N/A | 98.8% |
| Aug 2023 | N/A | N/A | 79.3% |
| May 2023 | N/A | N/A | 65.5% |
| Feb 2023 | N/A | N/A | 50.9% |
| Nov 2022 | N/A | N/A | 39% |
CCL's PEG ratio today is higher than its 3, 5 and 10-year averages.
CCL has a PEG ratio below that of peer stocks MAR and RCL.
| Stock name | PEG ratio | Market cap |
|---|---|---|
| CCL Carnival Corporation Ltd (Paired Stock) | 0.7 | $38.09B |
| RCL Royal Caribbean Group | 0.94 | $86.54B |
| MAR Marriott International Inc - Class A | 4.74 | $100.5B |
| NCLH Norwegian Cruise Line Holdings Ltd | N/A | $9.53B |
Based on Jul 29, 2026 data, CCL carries a PEG ratio of 0.7.
Historical data over a 3-year period places CCL's average PEG ratio at 0.24.
Historical data over a 5-year period places CCL's average PEG ratio at 0.24.
In the last ten years, CCL's peak PEG ratio of 3.77 was recorded in the May 2018 quarter.
Compared to the 10-year average, CCL's PEG ratio is 17% higher.
PEG equals PE divided by EPS growth (YoY TTM). As of Jul 29, 2026, Carnival Corporation Ltd (Paired Stock) has a P/E ratio of 12.04. Earnings grew at 17.3% over the TTM period ending May 2026. Applying the formula, this produces a price to earnings growth ratio of 0.7. PEG RATIO(0.7) = PE RATIO(12.04) / EPS GROWTH(17.3%)
All PEG ratio stats are based on quarterly TTM periods, unless otherwise specified.