Carnival Corporation & plcCCL

Where CCL's P/E ratio sits inside its own 10-year distribution, with the yearly high, low and average.

$23.51+0.03 (+0.13%)Previous close
NYSEConsumer Cyclical

CCL P/E ratio: current value, 10-year range and year-by-year history

10.6Below average

CCL's p/e ratio is lower than 65% of the last 10 years.

P/E ratio History

Historically priceyAbove avgAround avgBelow avgHistorically cheap
CCL P/E ratio historyCCL P/E ratio from Sep 2023 to Sep 2026: low -159.92, high 66.12, latest 10.59.-178-112.45-46.918.6584.2Sep 23Apr 24Nov 24Jun 25Feb 26Sep 26med 15.24

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.

CCL P/E ratio — yearly low, average, high and year-end values
YearLowAverageHighYear-end
202610.512.817.010.6
202511.415.621.415.3
2024-148.26.366.118.7
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
2020-6.21.512.2-1.6
20199.111.413.311.8
201810.415.820.011.1
201713.716.619.018.5
201613.314.616.313.9

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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.

FormulaPrice / Earnings Per Share
Full guide
How to read this chart

The 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.

Key caveats
  • 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 10.6, which is below average relative to its 10-year historical range. The 10-year median P/E ratio for CCL is approximately 11.7. See all CCL valuation metrics →

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