P/E ratio for Carnival Corporation (CCL)
P/E ratio as of July 2025 (TTM): 15.1
According to Carnival Corporation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.0914. At the end of 2024 the company had a P/E ratio of 16.6.
P/E ratio history for Carnival Corporation from 2001 to 2025
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2024 | 16.6 | -105.38% |
| 2023 | -309 | 19797.15% |
| 2022 | -1.55 | -34.85% |
| 2021 | -2.38 | |
| 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 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Royal Caribbean Group RCL | 28.6 | 89.48% | 🇺🇸 USA |
 Norwegian Cruise Line
NCLH | 12.2 | -18.85% | 🇺🇸 USA |
 Marriott International MAR | 31.3 | 107.43% | 🇺🇸 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.