# Carnival Corporation Ltd. (CCL) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Consumer Cyclical / Hospitality & Leisure. Price $29.20, market value $39.3 billion.

## Valuation
- **P/E (trailing): 12.9×** (5-yr avg 15.0×, 3-yr avg 15.0×). Carnival Corporation Ltd. trades at 12.9× trailing earnings, close to its own five-year average of 15.0×. The Consumer Cyclical median in the September 2026 study was 19.5×. Forward P/E is 11.3×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.28**. A PEG of 0.28 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 1.4×**. Each dollar of revenue is priced at 1.4×.
- **Price / book: 2.8×**. The shares trade at 2.8× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 8.8×**. Enterprise value is 8.8× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 8.1%** (5-yr avg -16.0%). Free cash flow equals 8.1% of the market value, above its five-year average of -16.0%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 7.8%**. The inverse of the P/E: 7.8% of the price is earned each year.

## Profitability
- **Operating margin: 16.0%**. 16.0% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 10.4%**. 10.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 22.5%**. 22.5% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 9.4%**. Return on all capital, debt included, is 9.4%.
- **Return on assets: 6.1%**. Each dollar of assets produces 6.1% of profit.

## Growth
- **Revenue growth (1 yr): 6.4%** (3-yr 29.8%/yr, 5-yr 36.6%/yr). Revenue grew 6.4% over the last year, against 36.6% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 40.3%**. Earnings per share rose 40.3%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 2.17**. Debt is 2.17 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 3.4×**. It would take 3.4 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Current ratio: 0.32** (quick 0.32). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 1.54%** ($0.45 per share, trailing). Carnival Corporation Ltd. yields 1.54%, a modest yield more typical of a growth-oriented payer.
- **Dividend growth (5 yr): -14.6%/yr** (1-yr -75.0%). The dividend has not grown over five years.

## Analyst view
- **Analyst consensus: buy** (26 analysts). 26 analysts cover Carnival Corporation Ltd.; the consensus is buy, with an average price target of $33.89 (+16% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 5.4%** (YTD -0.5%, 3-mo 4.6%). The shares are up 5.4% over twelve months including dividends.
- **From 52-week high: -14.2%** (36.1% above the low). Trading 14% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 74**. An RSI of 74 is in overbought territory; short-term pullbacks are common from here.
- **Beta (1 yr): 2.02** (volatility 50%). Beta of 2.02 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CCL · Page: https://foliofundamentals.com/stocks/ccl

Not investment advice.