CCL EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
CCL's ev/ebitda is lower than 83% of the last 10 years.
EV/EBITDA History
CCL EV/EBITDA by year
Yearly range of CCL’s ev/ebitda from 2016 to 2026. Over the full period it ranged from 4.2 to 66.2, averaging 11.8.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 7.8 | 9.0 | 10.7 | 7.9 |
| 2025 | 7.8 | 9.5 | 10.8 | 10.0 |
| 2024 | 8.6 | 10.1 | 11.9 | 10.0 |
| 2023 | 11.1 | 36.0 | 66.2 | 12.1 |
| 2020 | 4.2 | 6.3 | 8.6 | 5.4 |
| 2019 | 6.8 | 8.2 | 9.5 | 8.5 |
| 2018 | 7.7 | 10.7 | 12.9 | 8.1 |
| 2017 | 9.8 | 11.3 | 12.5 | 12.0 |
| 2016 | 9.4 | 10.0 | 10.9 | 9.8 |
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An acquisition-style valuation multiple: Enterprise Value (market cap + net debt) divided by operating earnings before accounting adjustments. Compares companies fairly regardless of their capital structure.
(Market Cap + Net Debt) / EBITDAUnlike P/E, this metric accounts for debt — two companies with identical operations but different leverage will show similar EV/EBITDA. Low vs history suggests the total business is modestly priced.
- EBITDA ignores capital expenditure. For asset-heavy businesses (airlines, mining, utilities), this understates the real cost — use EV/EBIT or EV/FCF instead.
- Large acquisitions temporarily spike net debt and can distort the ratio for 1–2 years during integration.
Is CCL EV/EBITDA High or Low Right Now?
Carnival Corporation & plc's EV/EBITDA is currently 7.9, which is historically cheap relative to its 10-year historical range. The 10-year median EV/EBITDA for CCL is approximately 9.9. See all CCL valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.