P/E ratio for Carnival Corporation (CCL)
P/E ratio as of April 2024 (TTM): -11.6
According to Carnival Corporation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -11.6357. At the end of 2022 the company had a P/E ratio of -1.55.
P/E ratio history for Carnival Corporation from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -1.55 | -34.85% |
| 2021 | -2.38 | 43.85% |
| 2020 | -1.66 | -114.12% |
| 2019 | 11.7 | 6.2% |
| 2018 | 11.1 | -40.04% |
| 2017 | 18.4 | 33.15% |
| 2016 | 13.8 | -42.56% |
| 2015 | 24.1 | -14.91% |
| 2014 | 28.3 | -1.97% |
| 2013 | 28.9 | 31.25% |
| 2012 | 22.0 | 63.25% |
| 2011 | 13.5 | -26.87% |
| 2010 | 18.4 | 32.12% |
| 2009 | 14.0 | 70.49% |
| 2008 | 8.19 | -44.05% |
| 2007 | 14.6 | -14.67% |
| 2006 | 17.2 | -10.51% |
| 2005 | 19.2 | -23.51% |
| 2004 | 25.1 | -2.25% |
| 2003 | 25.6 | 75.68% |
| 2002 | 14.6 | -18.42% |
| 2001 | 17.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Marriott International MAR | 25.7 | -321.26% | 🇺🇸 USA |
 Norwegian Cruise Line
NCLH | -38.0 | 226.75% | 🇺🇸 USA |
 Royal Caribbean RCL | 38.2 | -428.24% | 🇺🇸 USA |
 InterContinental Hotels Group
IHG | N/A | N/A | 🇬🇧 UK |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.