NYSE · CCL
Carnival Corporation & plc
Consumer Cyclical · Travel Services
$25.76▲ 2.75% ($0.69)at close
After hours$25.78▲ 0.08%7:59 PM ET
Market cap
$35.28B
P/E
11.23
EPS (TTM)
$2.29
Next earnings
Dec 18, 2026
Valuation
Revenue & margin DCF
Verdict: cheap. Price below all scenarios.
The price needs 10.3% revenue growth a year for 10 years. Our scenarios assume 13.8–23.9%.
That's below its past 4-year pace of 93.3%.
Value per share
Base case
$72.46
Price used $25.76 is 64% below this
USD · TTM ending Aug 31, 2026 · Price Oct 2, 8:00 PM UTC
Revenue each value needs
Revenue today $27.6B. The price needs $73.7B by 2036. Base case: $160B. At its recent pace: $20.1T. Bear to Bull: $100B to $236B.
Revenue today $27.6B. The price needs $73.7B by 2036. Base case: $160B. At its recent pace: $20.1T. Bear to Bull: $100B to $236B.
Revenue in 2036
today $27.6B
−$86Bless than the Base case
Value per share · Base case
$72.46
Price $25.76
64% below this
- 10-yr revenue CAGR
- 19.2%
- Ending operating margin
- 16.0%
- Discount rate
- 12.3%
USD · TTM ending Aug 31, 2026 · Price Oct 2, 8:00 PM UTC
What each scenario assumes. Click a column to start from it.
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock fell 10.71% over the last year. Revenue grew 5.2% over the trailing twelve months. Operating margin moved from 16.43% to 15.99%. Free cash flow grew 8.99% over the trailing twelve months.
What the market seems to be pricing
The stock has moved lower against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 15.99%. A decisive move in revenue — currently up 5.2% — would be the clearest signal to resolve the ambiguity.
Return analysis
Company profile
Carnival Corporation & plc operates as a prominent global entity in the leisure travel sector.
Market multiples
Stock splits
Every 1 shares became 2
Every 1 shares became 2
Profitability & growth
Analyst consensus
30
Buy
17
Hold
2
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Dec 18, 2026
Q4 FY26 · EPS est $0.23 · Revenue est $6.47B
View
Institutional Sentiment
Carnival Corporation & plc · CCL
From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.