Start with its own history
At 13.16×, CCL is 7.3% below its 6-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · CCLTravel ServicesUpdated Nov 5, 2026
Carnival Corporation & plc P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
13.16×
7.3% belowthe 6-observation annual average
Share price31.32
÷Earnings per share2.38
Price and EPS in quote currency. Calculation details
Investors are paying 13.16 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 14.20×
3-year average14.65×2 positive annual observations
5-year average14.65×2 positive annual observations
10-year average14.20×6 positive annual observations
Peer median · TTM19.67×3 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Nov 30, 2025 | 12.35× | -27.2% |
| Nov 30, 2024 | 16.95× | N/M |
| Nov 30, 2023 | N/M | N/M |
| Nov 30, 2022 | N/M | N/M |
| Nov 30, 2021 | N/M | N/M |
| Nov 30, 2020 | N/M | N/M |
| Nov 30, 2019 | 10.39× | -23.3% |
| Nov 30, 2018 | 13.55× | -25.5% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Nov 30, 2017 | 18.18× | +31.9% |
| Nov 30, 2016 | 13.78× | -38.4% |
| Nov 30, 2015 | 22.36× | -16.1% |
| Nov 30, 2014 | 26.66× | +2.6% |
| Nov 30, 2013 | 25.98× | +12.2% |
| Nov 30, 2012 | 23.15× | +69.4% |
| Nov 30, 2011 | 13.66× | -17.0% |
| Nov 30, 2010 | 16.46× | +16.6% |
| Nov 30, 2009 | 14.11× | +113.2% |
| Nov 30, 2008 | 6.62× | -55.4% |
| Nov 30, 2007 | 14.84× | -13.7% |
| Nov 30, 2006 | 17.19× | -11.7% |
| Nov 30, 2005 | 19.46× | -15.2% |
| Nov 30, 2004 | 22.95× | +7.3% |
| Nov 30, 2003 | 21.39× | +31.2% |
| Nov 30, 2002 | 16.31× | -1.3% |
| Nov 30, 2001 | 16.53× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How CCL compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 CCL This stockCarnival Corporation & plc | 13.16× |
 RCLRoyal Caribbean Cruises Ltd. | 19.67× |
 NCLHNorwegian Cruise Line Holdings Ltd. | 10.28× |
 VIKViking Holdings Ltd | 30.09× |
 LINDLindblad Expeditions Holdings, Inc. | N/M |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does CCL’s P/E tell you?
Compare like with like
The median of the 3 positive peer ratios above is 19.67×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take CCL into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("CCL", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 31.32 ÷ EPS 2.38 = 13.16×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 5, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
CCL P/E ratio: common questions
The essentials behind the numbers.
Carnival Corporation & plc's current P/E is 13.16× based on the quote data last updated Nov 5, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.