# Carnival Corporation Ltd. (CCL) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Consumer Cyclical / Hotels, Restaurants & Leisure. Price $23.51, market value $32.2 billion.

## Valuation
- **P/E (trailing): 10.6×** (5-yr avg 15.0×, 3-yr avg 15.0×). Carnival Corporation Ltd. trades at 10.6× trailing earnings, well below its own five-year average of 15.0×: cheap by its own standards. The Consumer Cyclical median in the September 2026 study was 19.5×. Forward P/E is 8.9×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.22**. A PEG of 0.22 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 1.2×**. Each dollar of revenue is priced at 1.2×.
- **Price / book: 2.5×**. The shares trade at 2.5× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 7.8×**. Enterprise value is 7.8× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 9.9%** (5-yr avg -16.0%). Free cash flow equals 9.9% 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: 9.4%**. The inverse of the P/E: 9.4% of the price is earned each year.

## Profitability
- **Operating margin: 16.3%**. 16.3% 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: 9.5%**. Return on all capital, debt included, is 9.5%.
- **Return on assets: 5.9%**. Each dollar of assets produces 5.9% 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.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 1.91%** ($0.30 per share, trailing). Carnival Corporation Ltd. yields 1.91%, 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 $35.30 (+50% 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): -25.2%** (YTD -22.2%, 3-mo -14.2%). The shares are down 25.2% over twelve months including dividends.
- **From 52-week high: -30.9%** (1.9% above the low). Trading 31% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 31**. An RSI of 31 is neutral.
- **Beta (1 yr): 2.10** (volatility 48%). Beta of 2.10 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.