Carnival forward PE CCL

Share price divided by analysts' consensus earnings for the next twelve months, since 1996.

Today, Oct 23, 2026: 10.9×
10-year median: 14.6×
Against its 10-year history: 7th; percentile: 0 is its lowest day, 100 its highest
10-year range: 8.2× to 140×
Peer median: 14.3×

Carnival's forward PE is 10.9× as of Oct 23, 2026.

That is below its ten-year median of 14.6×, lower than on 93% of days in the last ten years.

Over that time it ranged from 8.2× in Apr 2025 to 140× in Jun 2023.

The median for 10 travel stocks of a similar size is 14.3×.

Forward PE over time

median 14.6×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	10.9×	10.0×	16.1×
2025	14.6×	8.2×	15.2×
2024	13.6×	9.7×	16.0×
2023	17.0×	12.4×	140×
2022	n/m a value too high to mean anything
2021	n/m a value too high to mean anything
2020	n/m a value too high to mean anything
2019	28.1×	12.2×	29.4×
2018	11.9×	11.7×	18.2×
2017	16.9×	15.9×	19.4×
2016	15.5×	13.8×	17.4×
2015	18.2×	17.4×	22.2×
2014	21.6×	17.7×	28.3×
2013	27.3×	23.9×	27.3×
2012	26.8×	19.9×	27.8×
2011	23.0×	16.0×	23.4×
2010	20.6×	15.2×	20.7×
2009	15.6×	10.6×	20.3×
2008	14.3×	9.0×	22.6×
2007	17.6×	16.3×	19.5×

Against its peers

Companies in Travel Services nearest Carnival's size, closest first, today.

Company	Forward PE
CCLCarnival	10.9×
EXPEExpedia	12.8×
ROLRollins	n/m
RCLRoyal Caribbean Cruises	14.6×
ABNBAirbnb	30.1×
BKNGBooking	14.0×
KEXKirby	n/m
NCLHNorwegian Cruise Line	n/m
MATXMatson	n/m
GATXGatx	n/m
FTDRFrontdoor	n/m
Peer median	14.3×

Where Carnival ranks

What the forward PE tells you

Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.

Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.

More on Carnival

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.