Carnival Corporation & plc Ratios | P/E, ROE & Valuation

On the Key Ratios page for Carnival Corporation & plc (CCL), the latest P/E of 11.4 frames valuation, while ROE 24.45% and ROIC 11.04% indicates profitability and capital efficiency. Together with the current ratio of 0.33 and debt-to-equity 2.02, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

CCL Historical Per Share Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Revenue per Share$19.76$19.64$17.11$10.31$1.70$7.22$30.18$26.63$24.22$22.00
Net Income per Share$2.22$1.50$-0.06$-5.16$-8.46$-13.21$4.33$4.45$3.60$3.73
Operating Cash Flow per Share$4.92$4.65$3.39$-1.42$-3.66$-8.13$7.93$7.83$7.36$6.89
Free Cash Flow per Share$2.32$1.02$0.79$-5.60$-6.87$-12.80$0.07$2.54$3.29$2.78
Cash per Share$1.62$0.95$1.91$3.41$8.14$12.27$0.75$1.39$0.55$0.81
Book Value per Share$9.40$7.26$5.45$5.99$10.81$26.52$36.76$34.48$33.49$30.33
Tangible Book Value per Share$8.12$5.89$4.07$4.52$9.25$23.95$30.84$28.69$27.73$24.71
Interest Debt per Share$19.80$24.04$26.91$31.77$32.24$37.77$16.97$14.83$12.99$12.92
CAPEX per Share$2.60$3.63$2.60$4.19$3.21$4.67$7.87$5.29$4.07$4.11

CCL Historical Valuation Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Price to Earnings (P/E)11.4316.91-256.83-1.92-2.08-1.5110.413.5618.2113.78
Price to Book (P/B)2.813.52.761.661.630.751.231.751.961.69
Price to Sales (P/S)1.321.290.880.9610.372.771.492.262.712.34
Enterprise Value to EBITDA8.49.6511.08-19.84-7.99-4.837.769.6111.949.83
EV to Sales2.22.42.253.5823.826.142.022.763.212.87
EV to Operating Cash Flow8.8510.1411.32-26.09-11.06-5.457.699.3910.579.17
EV to Free Cash Flow18.7846.3148.63-6.59-5.89-3.46914.9828.9423.6622.73
Enterprise Value$60.10B$60.06B$48.48B$43.57B$45.46B$34.35B$42.09B$52.09B$56.26B$47.10B

CCL Historical Profitability Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Return on Equity (ROE)24.45%20.71%-1.08%-86.25%-78.23%-49.80%11.79%12.90%10.76%12.30%
Return on Invested Capital (ROIC)11.04%9.14%5.93%-10.01%-14.80%-17.74%8.47%9.18%8.03%9.17%
Return on Tangible Assets6.08%4.05%-0.16%-12.19%-18.42%-19.84%7.30%8.23%7.12%8.00%
Earnings Yield8.41%5.91%-0.39%-52.00%-48.02%-66.10%9.61%7.37%5.49%7.26%
Free Cash Flow Yield8.85%4.00%5.25%-56.41%-38.99%-64.07%0.15%4.21%5.01%5.41%
Dividend Yield1.14%0.00%0.00%0.00%0.00%4.45%4.46%3.17%2.29%2.55%

CCL Historical Liquidity & Financial Strength

10 years
Metric (FY)TTM202420232022202120202019201820172016
Current Ratio0.330.290.460.710.971.220.230.240.180.24
Interest Coverage3.762.040.95-2.72-4.43-9.9115.917.1414.1913.77
Income Quality2.213.09-57.850.270.430.621.831.762.041.85
Debt to Equity2.023.124.635.082.851.380.450.420.380.42
Debt to Assets50.11%58.86%64.92%69.40%64.88%52.95%25.53%24.35%22.55%24.14%
Net Debt to EBITDA3.344.446.74-14.5-4.51-2.652.021.721.871.84

CCL Historical Efficiency Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Receivables Turnover43.1542.4138.8430.817.7620.4946.952.7456.1255
Payables Turnover14.3713.812.2611.25.8413.2117.0815.1913.7813.16
Inventory Turnover32.4430.8427.1227.4713.0824.6130.2324.6427.1329.14
Days Sales Outstanding8.468.619.411.8547.0617.817.786.926.56.64
Days Payables Outstanding25.3926.4429.7832.662.4927.6221.3824.0326.4927.74
Days of Inventory on Hand11.2511.8313.4613.2927.9114.8312.0714.8113.4512.53

CCL Historical Market Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Enterprise Value to EBITDA8.49.6511.08-19.84-7.99-4.837.769.6111.949.83
Market Cap$36.17B$32.40B$19.01B$11.72B$19.79B$15.48B$31.11B$42.75B$47.46B$38.30B
Enterprise Value$60.10B$60.06B$48.48B$43.57B$45.46B$34.35B$42.09B$52.09B$56.26B$47.10B
Dividend Yield1.14%0.00%0.00%0.00%0.00%4.45%4.46%3.17%2.29%2.55%
Payout Ratio13.49%0.00%0.00%0.00%0.00%-6.73%46.39%42.99%41.71%35.16%

Frequently Asked Questions

Is Carnival Corporation & plc stock overvalued based on its P/E ratio?

On this page, CCL's current P/E is 11.4, compared with a multi-year average around 14.0. A lower P/E versus its own history is often interpreted as relatively cheaper valuation (all else equal). In practice, the "why" matters: check whether the lower multiple is supported by profitability and earnings quality (for example, ROE/ROIC and income quality in the table), or whether it reflects weaker fundamentals.

What is Carnival Corporation & plc market cap?

Market cap is the market value of a company's equity and is commonly calculated as share price multiplied by shares outstanding. The latest market cap shown in the table is $36.17B. Pair market cap with valuation multiples (P/E, P/B, P/S) so you can evaluate whether size also corresponds with "quality" and profitability. For a wider view across stocks, you can also use the stock screener.

What is a good P/E ratio for Carnival Corporation & plc compared to its industry?

There isn't one universal "good" P/E - P/E should be judged against the business model and expected growth for its sector. A practical approach is: (1) compare the P/E on this page to Carnival Corporation & plc's own historical range (shown across the table's rows), and (2) benchmark against peer companies using the Screener's P/E filters and the Peers Comparison/Compare tools. If profitability (ROE/ROIC) and cash-flow strength are improving, a higher P/E can be more defensible; if returns are slipping, even a lower P/E may be a value trap.

How does Carnival Corporation & plc compare to its competitors in key financial ratios?

The fastest way to compare Carnival Corporation & plc with competitors is to use the built-in "Peers Comparison" section on this page and the Compare tool. Focus on a small set of ratios that work together: P/E for valuation, ROE/ROIC for profitability and capital efficiency, current ratio and interest coverage for liquidity and solvency, and debt-to-equity for leverage risk. When you see Carnival Corporation & plc outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

Is Carnival Corporation & plc financially strong based on its ratios?

To assess whether Carnival Corporation & plc is financially strong, review both profitability and balance-sheet risk together. Current ratio is about 0.33, which is below 1.0 and can suggest tighter short-term liquidity. Interest coverage is about 3.76, implying a stronger ability to cover interest expenses. Debt-to-equity is about 2.02, suggesting higher leverage than a low-debt profile. Then confirm the same story is supported by ROE/ROIC (quality of earnings) and by cash-flow backed metrics in the table.

What do Carnival Corporation & plc's financial ratios say about its future growth?

Ratios are a way to see what the business is likely to sustain. Look for upward trends in profitability metrics (ROE and ROIC), improving earnings/cash-flow backed measures, and stable or strengthening liquidity. If Carnival Corporation & plc is sustaining strong returns (for example ROE at 24.45% and ROIC at 11.04%) while debt levels and interest coverage remain manageable, growth expectations may be more credible. If valuation multiples expand while returns weaken, the market may be pricing optimistic growth ahead of results.