Stock Analysis on Net

Carnival Corp. & plc (NYSE:CCL)

This company has been moved to the archive! The financial data has not been updated since March 27, 2024.

Common Stock Valuation Ratios (Price Multiples) 
Quarterly Data

Microsoft Excel

Historical Valuation Ratios (Summary)

Carnival Corp. & plc, historical price multiples (quarterly data)

Microsoft Excel
Feb 29, 2024 Nov 30, 2023 Aug 31, 2023 May 31, 2023 Feb 28, 2023 Nov 30, 2022 Aug 31, 2022 May 31, 2022 Feb 28, 2022 Nov 30, 2021 Aug 31, 2021 May 31, 2021 Feb 28, 2021 Nov 30, 2020 Aug 31, 2020 May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018 May 31, 2018 Feb 28, 2018
Price to earnings (P/E) 55.60 3.22 11.04 10.23 11.03 12.02 12.86
Price to operating profit (P/OP) 9.37 10.57 41.11 2.77 10.08 9.36 10.15 11.30 12.19
Price to sales (P/S) 1.00 0.96 0.89 1.29 0.86 1.18 0.95 1.79 6.51 11.73 44.38 213.24 40.35 3.74 1.36 0.75 0.29 1.59 1.53 1.66 1.93 2.15
Price to book value (P/BV) 3.37 3.00 2.57 3.85 2.09 2.03 1.09 1.27 2.21 1.84 1.96 1.69 1.69 1.02 0.72 0.61 0.25 1.30 1.24 1.37 1.54 1.66 1.87 1.80 2.01

Based on: 10-Q (reporting date: 2024-02-29), 10-K (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-Q (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-K (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-Q (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-K (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-Q (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-K (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-Q (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-K (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-Q (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-K (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31), 10-Q (reporting date: 2018-05-31), 10-Q (reporting date: 2018-02-28).

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Carnival Corp. & plc P/OP ratio decreased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Carnival Corp. & plc P/S ratio increased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Carnival Corp. & plc P/BV ratio increased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.

Price to Earnings (P/E)

Carnival Corp. & plc, historical P/E calculation (quarterly data)

Microsoft Excel
Feb 29, 2024 Nov 30, 2023 Aug 31, 2023 May 31, 2023 Feb 28, 2023 Nov 30, 2022 Aug 31, 2022 May 31, 2022 Feb 28, 2022 Nov 30, 2021 Aug 31, 2021 May 31, 2021 Feb 28, 2021 Nov 30, 2020 Aug 31, 2020 May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018 May 31, 2018 Feb 28, 2018
No. shares of common stock outstanding1 1,309,995,783 1,306,275,033 1,306,260,325 1,306,072,028 1,302,820,390 1,299,615,610 1,298,817,321 1,180,503,843 1,175,425,332 1,171,371,854 1,165,762,669 1,157,957,066 1,157,563,552 1,116,315,671 903,240,797 783,236,142 710,354,512 710,173,957 712,543,329 716,386,738 716,982,054 718,595,612 725,174,680 736,796,124 741,690,498
Selected Financial Data (US$)
Net income (loss) (in millions) (214) (48) 1,074 (407) (693) (1,598) (770) (1,834) (1,891) (2,620) (2,836) (2,072) (1,973) (2,223) (2,858) (4,374) (781) 423 1,780 451 336 493 1,707 561 391
Earnings per share (EPS)2 0.31 -0.06 -1.24 -2.66 -3.76 -4.69 -5.48 -7.78 -8.01 -8.11 -7.81 -7.88 -9.87 -9.17 -8.40 -3.77 2.64 4.21 4.29 4.17 4.32 4.39 0.00 0.00 0.00
Share price1, 3 17.19 15.83 13.72 17.29 9.89 11.02 7.03 8.87 19.40 19.11 25.01 26.15 29.00 18.72 15.61 16.16 8.49 46.50 43.95 46.00 51.90 56.40 63.74 58.54 66.20
Valuation Ratio
P/E ratio4 55.60 3.22 11.04 10.23 11.03 12.02 12.86
Benchmarks
P/E Ratio, Competitors5
Airbnb Inc. 20.59 20.59 14.19 39.65 40.05 44.53 36.29 59.77 96.17
Booking Holdings Inc. 24.55 31.09 18.68 22.74 23.90 29.87 28.26 50.57 164.32 86.68 261.79 206.85 136.53 1,696.44 51.91 28.20 17.38 14.16
Chipotle Mexican Grill Inc. 65.94 58.48 44.26 47.35 54.42 49.37 50.59 55.45 61.35 67.03 69.94 87.74 102.77 122.18 147.85 126.18 72.73 67.72
McDonald’s Corp. 22.51 25.23 23.23 26.39 31.34 31.22 34.24 31.53 25.65 24.15 25.57 25.43 33.98 33.31 32.26 31.84 23.20 25.99
Starbucks Corp. 24.81 29.09 30.66 36.91 37.77 34.26 23.05 19.34 25.86 30.95 52.55 137.44 185.40 118.26 65.20 27.12 27.92 27.63 32.57 31.03 27.53 18.71

Based on: 10-Q (reporting date: 2024-02-29), 10-K (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-Q (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-K (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-Q (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-K (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-Q (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-K (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-Q (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-K (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-Q (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-K (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31), 10-Q (reporting date: 2018-05-31), 10-Q (reporting date: 2018-02-28).

1 Data adjusted for splits and stock dividends.

2 Q1 2024 Calculation
EPS = (Net income (loss)Q1 2024 + Net income (loss)Q4 2023 + Net income (loss)Q3 2023 + Net income (loss)Q2 2023) ÷ No. shares of common stock outstanding
= (-214,000,000 + -48,000,000 + 1,074,000,000 + -407,000,000) ÷ 1,309,995,783 = 0.31

3 Closing price as at the filing date of Carnival Corp. & plc Quarterly or Annual Report.

4 Q1 2024 Calculation
P/E ratio = Share price ÷ EPS
= 17.19 ÷ 0.31 = 55.60

5 Click competitor name to see calculations.


Price to Operating Profit (P/OP)

Carnival Corp. & plc, historical P/OP calculation (quarterly data)

Microsoft Excel
Feb 29, 2024 Nov 30, 2023 Aug 31, 2023 May 31, 2023 Feb 28, 2023 Nov 30, 2022 Aug 31, 2022 May 31, 2022 Feb 28, 2022 Nov 30, 2021 Aug 31, 2021 May 31, 2021 Feb 28, 2021 Nov 30, 2020 Aug 31, 2020 May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018 May 31, 2018 Feb 28, 2018
No. shares of common stock outstanding1 1,309,995,783 1,306,275,033 1,306,260,325 1,306,072,028 1,302,820,390 1,299,615,610 1,298,817,321 1,180,503,843 1,175,425,332 1,171,371,854 1,165,762,669 1,157,957,066 1,157,563,552 1,116,315,671 903,240,797 783,236,142 710,354,512 710,173,957 712,543,329 716,386,738 716,982,054 718,595,612 725,174,680 736,796,124 741,690,498
Selected Financial Data (US$)
Operating income (loss) (in millions) 276 384 1,624 120 (172) (1,136) (279) (1,473) (1,491) (1,892) (2,057) (1,616) (1,524) (1,642) (2,333) (4,177) (713) 485 1,890 515 386 553 1,794 559 419
Operating profit per share2 1.84 1.50 0.33 -1.12 -2.35 -3.37 -3.95 -5.86 -6.00 -6.05 -5.87 -6.14 -8.36 -7.94 -7.46 -3.21 3.06 4.61 4.69 4.53 4.59 4.63 0.00 0.00 0.00
Share price1, 3 17.19 15.83 13.72 17.29 9.89 11.02 7.03 8.87 19.40 19.11 25.01 26.15 29.00 18.72 15.61 16.16 8.49 46.50 43.95 46.00 51.90 56.40 63.74 58.54 66.20
Valuation Ratio
P/OP ratio4 9.37 10.57 41.11 2.77 10.08 9.36 10.15 11.30 12.19
Benchmarks
P/OP Ratio, Competitors5
Airbnb Inc. 62.62 65.01 34.45 46.61 45.09 46.78 35.98 57.78 88.47 232.24
Booking Holdings Inc. 19.08 22.85 15.07 16.75 17.88 17.91 14.98 19.34 28.66 40.46 66.89 104.35 26.09 13.19 12.89
Chipotle Mexican Grill Inc. 52.39 46.13 34.75 36.84 42.00 38.25 40.02 45.28 50.34 54.38 65.08 81.53 109.79 149.81 129.22 115.18 60.79 53.41
McDonald’s Corp. 16.33 18.35 16.94 19.22 22.47 20.58 22.04 20.38 17.56 17.59 18.44 18.19 22.17 21.51 21.26 20.65 15.53 17.27
Starbucks Corp. 17.45 20.44 21.64 25.87 26.73 24.35 19.58 16.72 22.12 26.68 37.64 77.96 98.18 70.29 41.82 23.50 24.29 24.39 29.28 24.32 22.04 21.78

Based on: 10-Q (reporting date: 2024-02-29), 10-K (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-Q (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-K (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-Q (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-K (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-Q (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-K (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-Q (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-K (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-Q (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-K (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31), 10-Q (reporting date: 2018-05-31), 10-Q (reporting date: 2018-02-28).

1 Data adjusted for splits and stock dividends.

2 Q1 2024 Calculation
Operating profit per share = (Operating income (loss)Q1 2024 + Operating income (loss)Q4 2023 + Operating income (loss)Q3 2023 + Operating income (loss)Q2 2023) ÷ No. shares of common stock outstanding
= (276,000,000 + 384,000,000 + 1,624,000,000 + 120,000,000) ÷ 1,309,995,783 = 1.84

3 Closing price as at the filing date of Carnival Corp. & plc Quarterly or Annual Report.

4 Q1 2024 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 17.19 ÷ 1.84 = 9.37

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Carnival Corp. & plc P/OP ratio decreased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.

Price to Sales (P/S)

Carnival Corp. & plc, historical P/S calculation (quarterly data)

Microsoft Excel
Feb 29, 2024 Nov 30, 2023 Aug 31, 2023 May 31, 2023 Feb 28, 2023 Nov 30, 2022 Aug 31, 2022 May 31, 2022 Feb 28, 2022 Nov 30, 2021 Aug 31, 2021 May 31, 2021 Feb 28, 2021 Nov 30, 2020 Aug 31, 2020 May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018 May 31, 2018 Feb 28, 2018
No. shares of common stock outstanding1 1,309,995,783 1,306,275,033 1,306,260,325 1,306,072,028 1,302,820,390 1,299,615,610 1,298,817,321 1,180,503,843 1,175,425,332 1,171,371,854 1,165,762,669 1,157,957,066 1,157,563,552 1,116,315,671 903,240,797 783,236,142 710,354,512 710,173,957 712,543,329 716,386,738 716,982,054 718,595,612 725,174,680 736,796,124 741,690,498
Selected Financial Data (US$)
Revenues (in millions) 5,406 5,396 6,854 4,911 4,432 3,839 4,305 2,401 1,623 1,286 546 50 26 35 31 740 4,789 4,781 6,533 4,838 4,673 4,456 5,836 4,357 4,232
Sales per share2 17.23 16.53 15.34 13.39 11.50 9.36 7.40 4.96 2.98 1.63 0.56 0.12 0.72 5.01 11.45 21.50 29.48 29.32 28.77 27.64 26.95 26.27 0.00 0.00 0.00
Share price1, 3 17.19 15.83 13.72 17.29 9.89 11.02 7.03 8.87 19.40 19.11 25.01 26.15 29.00 18.72 15.61 16.16 8.49 46.50 43.95 46.00 51.90 56.40 63.74 58.54 66.20
Valuation Ratio
P/S ratio4 1.00 0.96 0.89 1.29 0.86 1.18 0.95 1.79 6.51 11.73 44.38 213.24 40.35 3.74 1.36 0.75 0.29 1.59 1.53 1.66 1.93 2.15
Benchmarks
P/S Ratio, Competitors5
Airbnb Inc. 9.93 9.95 8.07 10.03 9.33 10.04 7.36 10.11 11.65 16.64
Booking Holdings Inc. 5.36 6.24 4.80 5.24 5.29 5.35 4.30 5.33 6.83 9.22 10.85 11.93 16.99 14.73 8.14 6.35 4.07 4.57
Chipotle Mexican Grill Inc. 8.38 7.28 5.43 5.68 6.25 5.14 4.86 5.15 5.36 5.80 6.91 7.52 6.61 7.26 6.03 5.74 4.33 4.24
McDonald’s Corp. 7.51 8.38 7.74 8.72 9.20 8.32 8.70 8.13 7.68 7.85 8.27 8.07 8.94 8.20 8.26 7.89 6.46 7.43
Starbucks Corp. 2.90 3.34 3.31 3.86 3.81 3.49 3.00 2.72 3.74 4.47 5.48 5.74 5.32 4.67 3.63 3.45 3.86 3.75 4.44 3.68 3.30 3.42

Based on: 10-Q (reporting date: 2024-02-29), 10-K (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-Q (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-K (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-Q (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-K (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-Q (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-K (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-Q (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-K (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-Q (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-K (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31), 10-Q (reporting date: 2018-05-31), 10-Q (reporting date: 2018-02-28).

1 Data adjusted for splits and stock dividends.

2 Q1 2024 Calculation
Sales per share = (RevenuesQ1 2024 + RevenuesQ4 2023 + RevenuesQ3 2023 + RevenuesQ2 2023) ÷ No. shares of common stock outstanding
= (5,406,000,000 + 5,396,000,000 + 6,854,000,000 + 4,911,000,000) ÷ 1,309,995,783 = 17.23

3 Closing price as at the filing date of Carnival Corp. & plc Quarterly or Annual Report.

4 Q1 2024 Calculation
P/S ratio = Share price ÷ Sales per share
= 17.19 ÷ 17.23 = 1.00

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Carnival Corp. & plc P/S ratio increased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.

Price to Book Value (P/BV)

Carnival Corp. & plc, historical P/BV calculation (quarterly data)

Microsoft Excel
Feb 29, 2024 Nov 30, 2023 Aug 31, 2023 May 31, 2023 Feb 28, 2023 Nov 30, 2022 Aug 31, 2022 May 31, 2022 Feb 28, 2022 Nov 30, 2021 Aug 31, 2021 May 31, 2021 Feb 28, 2021 Nov 30, 2020 Aug 31, 2020 May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018 May 31, 2018 Feb 28, 2018
No. shares of common stock outstanding1 1,309,995,783 1,306,275,033 1,306,260,325 1,306,072,028 1,302,820,390 1,299,615,610 1,298,817,321 1,180,503,843 1,175,425,332 1,171,371,854 1,165,762,669 1,157,957,066 1,157,563,552 1,116,315,671 903,240,797 783,236,142 710,354,512 710,173,957 712,543,329 716,386,738 716,982,054 718,595,612 725,174,680 736,796,124 741,690,498
Selected Financial Data (US$)
Shareholders’ equity (in millions) 6,682 6,882 6,960 5,865 6,170 7,065 8,379 8,260 10,311 12,144 14,863 17,876 19,813 20,555 19,503 20,840 24,290 25,365 25,295 24,108 24,241 24,443 24,654 23,933 24,382
Book value per share (BVPS)2 5.10 5.27 5.33 4.49 4.74 5.44 6.45 7.00 8.77 10.37 12.75 15.44 17.12 18.41 21.59 26.61 34.19 35.72 35.50 33.65 33.81 34.01 34.00 32.48 32.87
Share price1, 3 17.19 15.83 13.72 17.29 9.89 11.02 7.03 8.87 19.40 19.11 25.01 26.15 29.00 18.72 15.61 16.16 8.49 46.50 43.95 46.00 51.90 56.40 63.74 58.54 66.20
Valuation Ratio
P/BV ratio4 3.37 3.00 2.57 3.85 2.09 2.03 1.09 1.27 2.21 1.84 1.96 1.69 1.69 1.02 0.72 0.61 0.25 1.30 1.24 1.37 1.54 1.66 1.87 1.80 2.01
Benchmarks
P/BV Ratio, Competitors5
Airbnb Inc. 12.88 12.09 8.49 18.03 15.36 15.16 10.67 14.23 16.27 20.88 28.80 28.30 27.60
Booking Holdings Inc. 89.53 32.84 18.79 19.51 19.54 16.35 18.03 17.84 20.15 20.46 14.74 17.94 15.43 11.61 13.01 14.59 10.87
Chipotle Mexican Grill Inc. 25.43 23.47 17.95 19.07 22.64 18.74 17.58 19.46 19.67 19.05 21.50 23.66 19.92 21.52 19.42 18.92 14.72 14.09 13.50 14.02 12.66
McDonald’s Corp.
Starbucks Corp. 72.30 17.71 17.03 13.88

Based on: 10-Q (reporting date: 2024-02-29), 10-K (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-Q (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-K (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-Q (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-K (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-Q (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-K (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-Q (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-K (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-Q (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-K (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31), 10-Q (reporting date: 2018-05-31), 10-Q (reporting date: 2018-02-28).

1 Data adjusted for splits and stock dividends.

2 Q1 2024 Calculation
BVPS = Shareholders’ equity ÷ No. shares of common stock outstanding
= 6,682,000,000 ÷ 1,309,995,783 = 5.10

3 Closing price as at the filing date of Carnival Corp. & plc Quarterly or Annual Report.

4 Q1 2024 Calculation
P/BV ratio = Share price ÷ BVPS
= 17.19 ÷ 5.10 = 3.37

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Carnival Corp. & plc P/BV ratio increased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.