CCL P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
CCL's p/e ratio is right around its 10-year median of 11.6.
P/E ratio History
CCL P/E ratio by year
Yearly range of CCL’s p/e ratio from 2016 to 2026. Over the full period it ranged from -159.9 to 66.1, averaging 5.9.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 9.5 | 12.4 | 17.0 | 12.3 |
| 2025 | 11.4 | 15.6 | 21.4 | 15.3 |
| 2024 | -148.2 | 6.3 | 66.1 | 18.7 |
| 2023 | -159.9 | -17.5 | -1.5 | -154.5 |
| 2022 | -2.8 | -1.7 | -1.0 | -1.6 |
| 2021 | -3.1 | -2.2 | -1.4 | -2.4 |
| 2020 | -6.2 | 1.5 | 12.2 | -1.6 |
| 2019 | 9.1 | 11.4 | 13.3 | 11.8 |
| 2018 | 10.4 | 15.8 | 20.0 | 11.1 |
| 2017 | 13.7 | 16.6 | 19.0 | 18.5 |
| 2016 | 13.3 | 14.7 | 16.3 | 13.9 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is CCL P/E ratio High or Low Right Now?
Carnival Corporation & plc's P/E ratio is currently 12.3, which is around average relative to its 10-year historical range. The 10-year median P/E ratio for CCL is approximately 11.6. See all CCL valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.